Received Consideration Sample Clauses

Received Consideration. The obligations of the Stockholders with respect to any Approved Sale are subject to the satisfaction of the conditions that (a) upon the consummation of such Approved Sale, the Stockholders will receive (i) the amount of consideration to which such Stockholders are entitled pursuant to a Liquidation under the Charter and (ii) the same form and amount of consideration per share of Common Stock or Preferred Stock of such series, as applicable, or if any such sellers are given an option as to the form and amount of consideration to be received per share of Common Stock or Preferred Stock of such series, all holders of Common Stock and Preferred Stock of such series, as applicable, will be given the same option, (b) the representations and warranties to be made by any Stockholder shall be limited to enforceability of its obligations and title to its Securities, (c) any indemnification obligations of a Stockholder shall be several, not joint, and shall (other than with respect to breaches representations and warranties with respect to enforceability of such Stockholder’s obligations and title to Securities) be pro rata based on the value of the proceeds received by the sellers in connection with such Approved Sale, and (d) the aggregate liability of a Stockholder with respect to indemnification obligations in connection with such Approved Sale shall be limited to the proceeds received by such Stockholder in connection with such Approved Sale.
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Received Consideration. The obligations of the Stockholders with respect to any Approved Sale are subject to the satisfaction of the condition that upon the consummation of such sale, all of the holders of Common Stock shall receive the same forms and amounts of consideration per share outstanding, or if any holders are given an option as to the form and amount of consideration to be received per share, all holders shall be given the same option.
Sample 1Sample 2
Received Consideration. The obligations of the Stockholders with respect to any Approved Sale are subject to the satisfaction of the conditions that (i) upon the consummation of such Approved Sale, all of the sellers of Common Stock and Series A Preferred Stock, respectively, will receive the same form and amount of consideration per share of Common Stock or Series A Preferred Stock, as applicable, or if any such sellers are given an option as to the form and amount of consideration to be received per share of Common Stock or Series A Preferred Stock, all holders of Common Stock and Series A Preferred Stock, as applicable, will be given the same option, (ii) the holders of Common Equity Rights shall not be required to exercise or convert such Common Equity Rights prior to or in connection with such Approved Sale, (iii) upon consummation of such Approved Sale, the sellers of Common Equity Rights that have not been exercised or converted prior to or in connection with such Approved Sale will receive the same form and amount of consideration per share of Common Stock as such seller would have received had such seller exercised or converted such Common Equity Rights immediately prior to the consummation of such Approved Sale, provided that the amount of consideration per share of Common Stock shall be reduced by the exercise or conversion price per share that would have been payable upon conversion or exercise thereof, (iv) any indemnification obligations of the sellers shall be several, not joint, and shall (other than with respect to representations and warranties with respect to enforceability of any seller's obligations and title to Securities) be pro rata based on the value of the proceeds received by the sellers in connection with such Approved Sale, (v) any escrow securing indemnity obligations of the sellers shall be funded by the Sellers pro rata based on the value of the proceeds received by the sellers in connection with such Approved Sale and (vi) the aggregate liability of each seller with respect to indemnification obligations in connection with such Approved Sale shall be limited to the proceeds received by such seller in connection with such Approved Sale. It shall be a condition to any Approved Sale structured as a stock sale that (a) if any consideration will be received in respect of Common Stock, then the purchaser with respect to such transaction contemporaneously will purchase all of the outstanding shares of Series A Preferred Stock and that each holder thereof...
Sample 1
Received Consideration. The obligations of the Securityholders with respect to any Approved Sale are subject to the satisfaction of the condition that upon the consummation of such sale, all holders of Common Stock will receive the same
Sample 1
Received Consideration. The obligations of the Securityholders with respect to any Approved Sale are subject to the satisfaction of the condition that upon the consummation of such sale, all of the holders of Common Stock shall receive the same forms and amounts of consideration per share outstanding, or if any holders are given an option as to the form and amount of consideration to be received per share, all holders shall be given the same option. In addition, the obligation of the Warrant Securityholders with respect to any Approved Sale are subject to the satisfaction of the condition that upon consummation of such sale, all of the holders of Warrants shall receive the same forms and amounts of consideration per Warrant Share issuable upon exercise of the Warrants, less any exercise price, or if any holders are given an option as to the form and amount of consideration to be received per share, all holders of Warrants shall be given the same option.
Sample 1
Received Consideration. The obligations of each Stockholder with respect to any Approved Sale are subject to the satisfaction of the conditions that (a) upon the consummation of the Approved Sale, each Stockholder will receive the same form and amount of consideration per share of outstanding Common Stock and Preferred Stock and per Note as is given to each other Stockholder, or if any holders are given an option as to the form and amount of consideration to be received, all holders will be given the same option, and no Stockholder will be entitled to receive any economic benefits which are not made on a pro rata basis to all of the other Stockholders; provided, that (i) no Stockholder shall be required to accept any consideration which it is prohibited by law from receiving and (b) in such event, such Stockholder shall be entitled to receive cash or the economic equivalent of such consideration in other property, and (ii) receipt by the holders of Securities of a written fairness opinion from an investment banking firm of national prominence which is not an Affiliate of the Company or of any Stockholder and which is selected by the Company's Board of Directors that the consideration per share of Common Stock and Preferred Stock and per Note to be received by each holder of Securities is not less than the fair value thereof. In determining the amount of consideration per share payable to any Stockholder in connection with an Approved Sale, all consulting, noncompetition, investment banking or other fees payable to such Stockholder in connection with such Approved Sale shall be deemed to be part of the consideration payable to such Stockholder in such Approved Sale (other than any bona fide investment banking fees paid to the TA Stockholders in connection with any investment banking or advisory services rendered by them in connection with such Approved Sale).
Sample 1
Received Consideration. The obligations of the Stockholders with respect to any Approved Sale are subject to the satisfaction of the conditions that (i) upon the consummation of such sale, all of the Stockholders will receive the same form and amount of consideration per share of Class B Common Stock (determined on a fully-diluted basis), or if any such Stockholders are given an option as to the form and amount of consideration to be received per share of Class B Common Stock (determined on a fully-diluted basis), all Stockholders will be given the same option, (ii) at least 80% of the consideration per share of Class B Common Stock (determined on a fully-diluted basis) shall be paid in cash or marketable securities, (iii) the representations and warranties to be made by any Mezzanine Stockholder shall be limited to authority to sell the Mezzanine Securities and title to the Mezzanine Securities and (iv) the aggregate liability of each such Stockholder with respect to any indemnification obligations in connection with such Approved Sale shall be limited to the proceeds received by such Stockholder in connection with such Approved Sale.
Sample 1
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Received Consideration. The obligations of the Stockholders with respect to any Approved Sale are subject to the satisfaction of the condition that upon the consummation of such sale, all of the sellers of Common Stock and Preferred Stock, respectively, will receive the same form and amount of consideration per share of Common Stock and Preferred Stock, as applicable, or if any such sellers are given an option as to the form and amount of consideration to be received per share of Common Stock or Preferred Stock, all holders of Common Stock and Preferred Stock, as applicable, will be given the same option and all of the sellers of Securities exercisable for Common Stock and Preferred Stock will receive the same form and amount of consideration and the same options as to form and amount of consideration, referred to above, in each case per share of Common Stock and Preferred Stock, as the case may be, less the exercise price per share of Common Stock or Preferred Stock, as the case may be. It shall be a condition to any Approved Sale structured as a stock sale that the purchaser with respect to such transaction contemporaneously purchase or cause to be redeemed all of the outstanding Preferred Stock for a price per share equal to the Liquidation Value (as defined in the Charter), plus all accrued and unpaid dividends thereon.
Sample 1

Related to Received Consideration

  • Additional Consideration Retrocessionaire agrees to pay under the Inuring Retrocessions all future premiums Retrocedant is obligated to pay pursuant to the terms of the Inuring Retrocessions to the extent that such premiums are allocable to Retrocessionaire in the manner set forth in Exhibit E hereto, and not otherwise paid by Retrocessionaire and to indemnify Retrocedant for all such premiums paid directly by Retrocedant, net of any ceding commissions and similar amounts paid by Third Party Retrocessionaires to Retrocedant.

  • Purchase Price; Consideration Purchaser shall, on the date hereof (the “Closing Date”), issue to Seller a promissory note, substantially in the form attached hereto as Exhibit B, in the sum of Fifteen Thousand Dollars ($15,000) (the “Promissory Note”) as the consideration for the Ownership Interests.

  • Equity Consideration LICENSEE shall provide to UNIVERSITIES a founder’s position of LICENSEE’s equity equivalent to [***] percent ([***]%) of the original LICENSEE equity issued. For example, if the initial capitalization of LICENSEE consists of ten million (10,000,000) common shares, such equity shall be equal to [***] ([***]) common shares fully diluted, with each of Emory and UGARF holding [***] ([***]) common shares (or [***]%) and the inventor/founders of LICENSEE holding [***] ([***])common shares (or [***]%). LICENSEE will use commercially reasonable efforts to prepare an operating agreement and/or shareowners agreement within ninety (90) days after the Effective Date. The founder shares to be owned by the UNIVERSITIES and the investor/founders will be of the same class. It is the intent that Emory and UGARF will have the right to convert their ownership interests in LICENSEE into an economically equivalent founder’s position in any joint venture entered into by LICENSEE to develop Licensed Products or any Designated Affiliate of LICENSEE whose business includes developing the Licensed Products with the proviso that if LICENSEE reserves any such rights to Licensed Products unto itself in connection with any such joint venture, Emory and UGARF will maintain a smaller founder’s equity position in LICENSEE based on the relative value of such reserved rights by LICENSEE, provided that this right shall be exercisable only once, and only as to one such venture, and only then if it is exercised within thirty (30) days of notice from LICENSEE to UNIVERSITIES of the opportunity. UNIVERSITIES’ rights to effect such a conversion may be conditioned, at LICENSEE’s option, upon UNIVERSITIES’ entering into reasonable buy-sell agreements providing for rights of first refusal in favor of LICENSEE in the event UNIVERSITIES desire to transfer their interests in such joint venture and for “drag along” rights covering UNIVERSITIES’ interest in the event LICENSEE desires to transfer its interest in such joint venture.

  • Acquisition Consideration (a) The consideration (the "ACQUISITION CONSIDERATION") to be received by each Grantor in respect of the contribution of the Grantor's Interests to the Operating Partnership shall be an amount equal to $100.00 (one hundred dollars). The Acquisition Consideration shall be paid in the form of a combination of (i) cash and/or (ii) units of limited partnership interest in the Operating Partnership ("OP UNITS"), in the percentages and allocations set forth on Schedule B attached hereto. To the extent a percentage of the Acquisition Consideration includes one or more OP Units, as set forth on Schedule B, the number of OP Units the Grantor shall be entitled to receive upon the exercise of the Option with respect to such percentage shall equal the quotient of

  • Transaction Consideration The Transaction Consideration;

  • Sole Consideration Employee and the Company agree and acknowledge that the sole and exclusive consideration for the Incentive Payments is Employee’s forbearance as described in subsection 7(h)(iii) above. In the event that subsection 7(h)(iii) is deemed unenforceable or invalid for any reason, then the Company will have no obligation to make Incentive Payments for the period of time during which it has been deemed unenforceable or invalid. The obligations and duties of this subsection 7(h) shall be separate and distinct from the other obligations and duties set forth in this Agreement, and any finding of invalidity or unenforceability of this subsection 7(h) shall have no effect upon the validity or invalidity of the other provisions of this Agreement.

  • Initial Consideration On the Effective Date, Retrocessionaire shall reimburse Retrocedant for one hundred percent (100%) of any and all unearned premiums paid by Retrocedant under such Inuring Retrocessions net of any applicable unearned ceding commissions paid to Retrocedant thereunder.

  • Closing Consideration The closing consideration shall be delivered at the Closing as follows:

  • Additional Considerations For each mediation or arbitration:

  • Cash Consideration In case of the issuance or sale of additional Shares for cash, the consideration received by the Company therefor shall be deemed to be the amount of cash received by the Company for such Shares (or, if such Shares are offered by the Company for subscription, the subscription price, or, if such Shares are sold to underwriters or dealers for public offering without a subscription offering, the public offering price), without deducting therefrom any compensation or discount paid or allowed to underwriters or dealers or others performing similar services or for any expenses incurred in connection therewith.

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