Collateral for the Securities Sample Clauses

Collateral for the Securities. The Note shall be unsecured.
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Collateral for the Securities. The Note shall be secured by 622,600 Alzheon’s series B preferred stock held by the Company or its subsidiaries.
Sample 1
Collateral for the Securities. The Issuer shall initially pledge, pursuant to the Collateral Agreement, the Collateral Account containing at least 5,120,000 VIP Shares to the Collateral Agent for the benefit of the Securityholders and grant to the Collateral Agent for the benefit of the Securityholders a first priority, perfected security interest in the right, title and interest of the Issuer in the Collateral Account and such VIP Shares to secure the obligations of the Issuer under the Securities and this Indenture.
Sample 1

Related to Collateral for the Securities

  • Issuance of the Securities The Securities are duly authorized and, when issued and paid for in accordance with the applicable Transaction Documents, will be duly and validly issued, fully paid and nonassessable, free and clear of all Liens imposed by the Company other than restrictions on transfer provided for in the Transaction Documents. The Underlying Shares, when issued in accordance with the terms of the Transaction Documents, will be validly issued, fully paid and nonassessable, free and clear of all Liens imposed by the Company other than restrictions on transfer provided for in the Transaction Documents. The Company has reserved from its duly authorized capital stock a number of shares of Common Stock for issuance of the Underlying Shares at least equal to the Required Minimum on the date hereof.

  • Purchase of the Securities On the Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase from the Company the Securities as is set forth immediately below the Buyer’s name on the signature pages hereto.

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