Additional Investment Rights. On the Closing Date, the Company will issue Additional Investment Rights to the Subscribers. The Additional Investment Rights will represent the right to purchase additional Principal Amount of Notes up to twenty-five percent (25%) of the Principal Amount acquired on the Closing Date and a corresponding amount of Warrants as described in the Additional Investment Right certificate, annexed hereto as Exhibit C. The Additional Investment Right will be exercisable until one hundred eighty (180) days after the date of the Initial Closing.
Additional Investment Rights. Subject to the terms hereof, each Purchaser agrees to exercise 100% of its Additional Investment Rights (pertaining to an aggregate of $3,500,000 of AIR Debentures and accompanying AIR Warrants) on the Business Day following the date of this Amendment.
Additional Investment Rights. Subject to, and conditioned upon, the receipt by the Company of the Stockholder Approval (as defined in the Memorandum), and until such time as the corporate actions contemplated thereunder become effective pursuant to the filing of the Information Statement (as defined in the Memorandum):
Additional Investment Rights. The Purchasers shall have the right to make further investments in the Company’s Debentures and Warrants as follows:
Additional Investment Rights. On the Closing Date, the Company will issue Additional Investment Rights to the Subscribers. One Additional Investment Right will be issued for each $1.10 of Purchase Price paid on the Closing Date. Each Additional Investment Right will represent the right to purchase One Dollar of stated value of Series B Preferred Stock and a corresponding amount of Warrants as described in the Additional Investment Rights Certificate. The Additional Investment Right will be exercisable until one year after the first date upon which the Company gives notice (the “Barrel Condition Notice”) to the Subscriber that the gross production and sale of hydrocarbons during the immediately preceding 30-day period totals 3,000 barrels (being 42 United States gallons of oil per barrel) from all of those properties acquired by Subscribers from the Company’s Megawest Energy Missouri Corp. subsidiary pursuant to that certain Agreement of Purchase and Sale dated as of, at, or about the Closing Date (the “Barrel Condition”).
Additional Investment Rights. “Additional Investment Rights” means the right of certain stockholders to purchase additional shares of Series B Preferred Stock and warrants pursuant to 4(n) of this Agreement.
Additional Investment Rights. Subject to the terms hereof, each Purchaser agrees to exercise 50% of its Additional Investment Right on the Business Day following the date of this Amendment.
Additional Investment Rights. On the Closing Date, the Company will issue Additional Investment Rights to the Subscribers. One Additional Investment Right will be issued for each $1.00 of Purchase Price paid on the Closing Date. Each Additional Investment Right will represent the right to purchase $1.20 of Purchase Price of Secured Convertible Notes and a corresponding amount of Warrants as described in the Additional Investment Rights Certificate. The Additional Investment Right will be exercisable until nine months after the Initial Closing Date.
Additional Investment Rights. A Buyer may assign some or all of its rights hereunder without the consent of the Company, in which event such assignee shall be deemed to be a Buyer hereunder with respect to such assigned rights.
Additional Investment Rights. The Company agrees that you will also have the right to invest in Paladina alongside NEA at a valuation and on terms made available to other co-investors under the Equity Line; provided, that the total amount of your investment shall be subject to the prior approval of the Board and NEA.
