Future Investments. If the Company obtains any further financing by issuance or sale of equity securities of the Company to any third party (the “Next Round Financing”) after Closing, the Sun Vantage is entitled to co-invest in the Next Round Financing according to the then pre-money valuation of the Company. The Company and Founders hereby agree that if the Sun Vantage choose to participate in the Next Round Financing, the actual purchase price to be paid by the Sun Vantage in the Next Round Financing shall be deducted by USD300,000 for every investment amount of USD 1,000,000, but the total deducted amount shall not exceed USD2,400,000. Notwithstanding the foregoing, if the purchase price per share after such deduction is less than the purchase price per share paid by Sun Vantage under this Agreement, the purchase price per share to be paid by Sun Vantage in such Next Round Financing shall be increased to the one equal to the amount under this Agreement.
Future Investments. At the time the Fund Partnership or US Core Properties acquires an Investment in which one or more GM Investors acquires an interest pursuant to a Co-Investment Right, the Fund Partnership or US Core Properties will, at the time of the acquisition, establish a three-year period (the “Liquidation Period”) during which the Co-Investment Vehicle will be obligated to acquire or redeem or arrange for the acquisition of all of the GM Investors’ interests in such Investment, such period to end no later than the twelfth anniversary of the date the GM Investors acquire their interests in such Investment. GMIMCo may repeatedly extend the Liquidation Period for any such Investment to a later three-year period by giving notice to such effect to the applicable Co-Investment Vehicle not less than one year prior to the start of the Liquidation Period then in effect. The Co-Investment Vehicle will acquire or redeem or arrange for the acquisition of the GM Investors’ interests in each such Investment, or arrange for the sale of such asset and the distribution of the GM Investors’ share of the proceeds of such sale to the GM Investors, at any time during the Liquidation Period for the Investment. Any such acquisition or redemption of the GM Investors’ interest in an Investment shall be, if the Investment is sold to a third party, for the amount that is distributed to the GM Investors by such Co-Investment Vehicle as a result of such sale, and if it is not sold to a third party, then the amount that would be distributed by such Co-Investment Vehicle to the GM Investors if the Investment were sold for its Appraised Value and the Projected Net Proceeds were distributed to all Persons holding an interest in such Co-Investment Vehicle. The Co-Investment Vehicle shall give the GM Investors at least sixty days written notice of the particular date during the Liquidation Period (the “Proposed Liquidation Date”) in which the Co-Investment Vehicle intends to acquire or redeem the GM Investors’ interests in such Co-Investment Vehicle and the appraisal or appraisals on which the acquisition or redemption will be based (if the Investment is not sold to a third party). GMIMCo may then elect to require a new appraisal or appraisals for such acquisition or redemption in accordance with Section 4.03. If the Fund Partnership, US Core Properties, or the Co-Investment Vehicle, as applicable, elects to sell such Investment, it may sell the Investment to any third party for any price agreed to b...
Future Investments. 10 Section 4.02 Remedy.................................................................. 11 Section 4.03
Future Investments. 8 5.1.1 RIGHT OF PARTICIPATION AND VETO POWER OF LHT.................8 5.1.2 RIGHT TO PARTICIPATE WITH PARENT.............................8 5.1.3 PROCEDURE RELATING TO SECTION 5.1.2..........................8 5.1.4 MUTUAL BUSINESS INTERESTS....................................9 5.2 LHT'S RIGHT TO PARTICIPATE IN DEBT FINANCING FOR NORTHWINGS ACQUISITION........................................9
Future Investments. After the date hereof, when and as CHS or its affiliated funds (the "Future Investors") purchase additional securities from Xxxxxxx Companies or the Company or any of Xxxxxxx Companies' subsidiaries or parents, the Company will pay to CHS a fee (a "Future Investment Fee") equal to five percent (5%) of the cost of the total aggregate investment made by the Future Investors in such purchase, as compensation for services to be rendered by CHS to the Company in connection with the consummation of such investment.
Future Investments. For so long as the Company remains privately ------------------ held and not publicly traded Employee shall be offered the opportunity to participate, at his election, at 10% of the total invested by all investors in any future rounds of private financing of the Company at any new valuations that may pertain to such financing (subject to reduction of that 10% for subsequent rounds if Employee is diluted by his election not to participate in full in prior rounds). In connection with that participation, Employee shall be offered the opportunity to enter into the stock purchase agreement and registration and information rights agreements provided to other investors in that round of financing.
Future Investments. If the Trustee sells any of a Participant’s or Beneficiary’s shares of Company Stock pursuant to the Participant’s or Beneficiary’s directions or pursuant to subsection (c) above, the proceeds from such sale shall be reinvested in other Investment Subfunds in the manner elected by the Participant or Beneficiary or, in the absence of such an election, in the manner established by the Company, which shall not provide for reinvestment in Company Stock.
Future Investments. In the event Company shall commence a private equity financing within five years subsequent to the date of this Agreement, Investor shall have the right to purchase the number of shares necessary to maintain its percentage interest in the common stock of the Company.
Future Investments. Notwithstanding any provision in this Plan Statement to the contrary, the proceeds from the sale of Employer securities pursuant to this Section 10.14 shall be transferred to the Account of a Participant or Beneficiary and shall be invested in accordance with uniform rules of the Administrative Committee and shall not be invested in Employer securities. All future contributions of the Employer to the Participant's Account shall be credited to the Participant's Account and shall be invested in accordance with uniform rules of the Committee and shall not be invested in Employer securities.
Future Investments. Notwithstanding anything to the contrary in the Credit Agreement, during the Waiver Period, the Borrower and the Guarantors shall, in addition to any other exceptions provided for in the Credit Agreement, be permitted to make Investments of the type set forth in clauses (13) and (14) of Section 6.07 and to incur obligations of the type set forth in clause (3) of Section 6.08 so long as the aggregate amount of all such Investments and other obligations made or incurred in reliance on this exception during the Waiver Period does not exceed $55,000,000.
