Examples of Base Stock Consideration in a sentence
Any Base Stock Consideration due hereunder shall be issued to the Company Members as soon as practicable following, but in any event within 10 calendar days thereof, any date such shares are required to be issued hereunder.
If the Base Stock Consideration issuable in connection with a Liquidity Event is the result of the closing of a QA, then such shares shall be issued to each Company Member in proportion and at such times as any lock-up restriction applicable to such shares is released.
The aggregate number of shares of Parent Common Stock issuable at any given time as required by this Section 2.3(d) shall equal (x) the portion of Base Stock Consideration issuable at such time divided by (y) the FMV.
Subject to the terms and conditions of this Agreement, Parent shall retain and hold back from issuance the Holdback Shares, at such time and in such proportion as the Base Stock Consideration is issued to Company Members in accordance with Section 2.3(d).
The Representative may waive such issuance restrictions at any time with respect to all or any portion of the issuable shares; provided, that, in no event shall any Base Stock Consideration be issued prior to the expiration or waiver of the Recission Right.