Examples of Additional Investment Shares in a sentence
Investor shall document the automatic exercise of the Additional Investment Right by delivering an Investment Right Exercise Notice to the Company and shall pay for the Additional Investment Shares in cash, or through the issuance of a recourse note in the form attached as Exhibit G to this Agreement.
If, after the Initial Closing, any Vessel is not delivered by the relevant Seller to the relevant Buyer or Vessel-owning subsidiary nominee for any reason whatsoever, the Additional Investment Shares and the amount of the Note shall be reduced pro rata by the percentage obtained by comparing the purchase price of such non delivered Vessel as set forth in the applicable MOA to the Vessel Purchase Price.
The Company will treat the Option Premium Shares, with a value of $4,000,000, and the Additional Investment Shares, with a value of up to $1,000,000, for federal, state and local income tax purposes as an option premium paid in return for the grant of the Purchase Option and the Additional Holdings Funding, as applicable.
The termination of this Agreement will have no effect on any Preferred Shares, Warrant, Warrant Shares or Additional Investment Shares previously issued or delivered, or on any rights of any holder thereof.
In the event that Buyer does not receive the Objection Notice within such 15-day period that objects to the calculation of the Additional Investment Shares to be issued, the Sellers shall be deemed to have irrevocably accepted such calculations and determinations.
The purchase of Additional Investment Shares must occur no later than sixty (60) calendar days following the Tranche Notice Date, and such purchases may occur from time to time within such sixty calendar day period on such days as determined by the Investor.
Notwithstanding anything to the contrary herein, any Securities issued prior to any such termination shall remain outstanding thereafter and unaffected thereby and the Company shall comply with all terms and conditions thereof (including, without limitation, the issuance of the Warrant Shares upon the due exercise of the Warrant and the issuance of the Additional Investment Shares upon the due exercise of the Additional Investment Right) shall not be affected by such termination.
The purchase of Additional Investment Shares must occur no later than sixty (60) calendar days following the Tranche Notice Date.
Investor shall document the automatic exercise of the Additional Investment Right by delivering an Investment Right Exercise Notice to the Company and shall pay for the Additional Investment Shares through the issuance of a recourse note in the form attached as Exhibit G to this Agreement.
The fees and expenses of the Disputes Auditor for, and relating to, the making of any such decision shall be paid equally by the parties; provided, however, that in the event the Disputes Auditor determines that the Additional Investment Shares to which the Sellers are entitled are greater than that proposed by Buyer, Buyer shall pay such fees and expenses of the Disputes Auditor.