Examples of Acquiror Class C Common Stock in a sentence
As the consideration of the Extension Amount, the Members shall receive, within ten (10) calendar days following the Closing, their Pro Rata Shares of (i) cash equal to the Extension Amount; and (ii) a number of Company Common Units issued by the Company equal to (x) the Extension Amount multiplied by 1.5 divided by (y) $10.00 (and an equivalent number of shares of Acquiror Class C Common Stock issued by the Acquiror).
The waiver specified in this Section 1.2 will be applicable only in connection with the issuance of shares of Acquiror Class A Common Stock and shares of Acquiror Convertible Preferred Stock pursuant to the PIPE Investment and/or with the issuance of shares of Acquiror Class A Common Stock and, if applicable, Acquiror Class C Common Stock pursuant to the Investor Investment and will be void and of no force and effect if the Merger Agreement is validly terminated for any reason prior to the Closing.
Each Member is able to bear the economic risks of this investment and, consequently, without limiting the generality of the foregoing, such Member is able to hold Acquiror Class C Common Stock and Acquiror Class A Common Stock (upon exercising its Company Unitholder Redemption Right), as applicable, for an indefinite period of time and has a sufficient net worth to sustain a loss of the entire investment in the event such loss should occur.
Each Member acknowledges that it has retained its own professional advisors to evaluate the tax and other consequences of its investment in Acquiror Class C Common Stock and Acquiror Class A Common Stock (upon exercising its Company Unitholder Redemption Right), as applicable.