Pledge of Purchase Agreement Consideration Sample Clauses

Pledge of Purchase Agreement Consideration. Notwithstanding the Pledgor's right to substitute Collateral pursuant to Section 6(b), the Pledgor shall cause the Collateral to include, on the Exchange Date, unless a Reorganization Event shall have occurred, a number of shares of Common Stock at least equal to the number of shares of Common Stock required to be delivered under the Purchase Agreement on the Exchange Date.
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Pledge of Purchase Agreement Consideration. Notwithstanding the Pledgor's right to substitute Collateral pursuant to Section 6(b), the Pledgor shall cause the Collateral to include, on the Exchange Date, unless an Adjustment Event shall have occurred or unless the Pledgor shall have elected the Cash Settlement Alternative, a number of shares of Common Stock at least equal to the number of shares of Common Stock required to be delivered under the Purchase Agreement on the Exchange Date. If the Pledgor shall have elected the Cash Settlement Alternative, the Pledgor shall cause the Collateral to include, on the Exchange Date, cash in an amount at least equal to 105% of the Then-Reference Market Price of the Contract Shares.
Sample 1
Pledge of Purchase Agreement Consideration. Notwithstanding the Pledgor's right to substitute Collateral pursuant to Section 6(b), the Pledgor shall cause the Collateral to include, on the Exchange Date, unless a Reorganization Event shall have occurred or unless the Pledgor shall have elected the Cash Settlement Alternative, a number of shares of any Combination of Common Stock and Nonvoting Common at least equal to the number of shares of Common Stock required to be delivered under the Purchase Agreement on the Exchange Date. If the Pledgor shall have elected the Cash Settlement Alternative, the Pledgor shall cause the Collateral to include, on the Exchange Date, cash in an amount at least equal to 105% of the Then-Reference Market Price of the Contract Shares.
Sample 1
Pledge of Purchase Agreement Consideration. The Pledgor shall cause the Collateral to include, on the Exchange Date, unless a Reorganization Event shall have occurred, a number of shares of Common Stock at least equal to the number of shares of Common Stock required to be delivered under the Purchase Agreement on the Exchange Date.
Sample 1
Pledge of Purchase Agreement Consideration. Notwithstanding the Pledgor's right to substitute Collateral pursuant to Section 6(b), the Pledgor and GRIT shall cause the Collateral to include, on the Exchange Date, unless a Reorganization Event shall have occurred, a number of ADSs at least equal to the number of ADSs required to be delivered under the Purchase Agreement on the Exchange Date.
Sample 1

Related to Pledge of Purchase Agreement Consideration

  • Share Purchase Agreement 33- --------------------------------------------------------------------------------

  • Execution of Purchase Agreement FURTHER RESOLVED, that the Corporation be and it hereby is authorized to execute the Purchase Agreement providing for the purchase of up to Twenty Million Dollars ($20,000,000) of the Corporation’s common stock; and

  • Amendment of Purchase Agreement The Purchase Agreement is hereby amended as follows:

  • REINSTATEMENT OF PURCHASE AGREEMENT All other provisions and conditions of the referred Purchase Agreement, as well as its related Attachments, which are not specifically amended by this Amendment No. 17, shall remain in full force and effect without any change.

  • Securities Purchase Agreement This Agreement and the transactions contemplated hereby have been duly and validly authorized by the Company, this Agreement has been duly executed and delivered by the Company and this Agreement, when executed and delivered by the Company, will be, a valid and binding agreement of the Company enforceable in accordance with its terms, subject as to enforceability to general principles of equity and to bankruptcy, insolvency, moratorium, and other similar laws affecting the enforcement of creditors’ rights generally.

  • Stock Purchase Agreement (a) Purchaser understands and agrees that the conversion of the Note into equity securities of the Company may require such Purchaser’s execution of certain agreements (in form reasonably agreeable to a majority in interest of the Purchasers) relating to the purchase and sale of such securities as well as registration, information and voting rights, if any, relating to such equity securities.

  • Sale of Purchased Assets Sell, transfer, assign, lease, encumber or otherwise dispose of any of the Purchased Assets other than in the ordinary course of Seller's business consistent with past practices;

  • Valid Issuance of Purchased Shares The Purchased Shares, when issued, sold, delivered, and paid for by the Investor in accordance with the terms of this Agreement, will be duly and validly issued, fully paid, and non-assessable

  • Founder’s Purchase Agreement The Founder’s Purchase Agreement has been duly authorized, executed and delivered by the Company and the Sponsor, and is a valid and binding agreement of the Company and the Sponsor, enforceable against the Company and the Sponsor in accordance with its terms except as the enforceability thereof may be limited by bankruptcy, insolvency, or similar laws affecting creditors’ rights generally from time to time in effect and by equitable principles of general applicability.

  • The Purchase Agreement This Agreement has been duly authorized, executed and delivered by the Company and the Guarantors.

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