Examples of Buyout Consideration in a sentence
The Buyer may exercise the Buyout Right during the applicable Buyout Period by delivering to Resistys a notice (the “Buyout Notice”) specifying a date (the “Buyout Date”) not less than thirty (30) days after the date of the Buyout Notice on which the closing of the Buyout Right will occur and whether the Buyout Consideration will be in the form of cash or Common Stock.
On the Buyout Date, Buyer shall deliver the Buyout Consideration to Resistys.
If Buyer elects to issue Common Stock in payment of the Buyout Consideration, Buyer shall issue or cause to be issued the number of shares of Common Stock comprising the Buyout Consideration in the name of Resistys, which stock shall be registered at the time of issuance under the Securities Act.
At least twenty (20) Business Days prior to the Buyout Closing, Manager shall deliver to XX XXXX a schedule setting forth its calculation of the Buyout Consideration (such schedule, the “Buyout Consideration Schedule”).
The undersigned further understands and acknowledges that a portion of the consideration paid to NewCo or a Seller Designated Entity consists of the Initial Share Consideration and the Share Option Buy-out Consideration, and that as a shareholder or beneficiary of NewCo, the undersigned may receive ordinary shares of the Company ("Ordinary Shares").
At the Buyout Closing, in consideration for the agreements, covenants and obligations of Manager in connection with the Buyout, XX XXXX shall pay Manager an amount equal to the Buyout Consideration in cash by wire transfer of immediately available funds to the bank account as shall be designated in writing by Manager at least two Business Days prior to the Buyout Closing Date.
If Buyer elects to pay the Buyout Consideration in cash, Buyer shall pay the Buyout Consideration by wire transfer in immediately available funds to such account as Resistys shall have designated to Buyer in writing.
As a condition to the Rolling Unitholder receiving the Call/Put Option Buyout Consideration, the Rolling Unitholder and each Indirect Owner will deliver to Buyer an executed release in the form of Schedule E of the Amended and Restated Operating Agreement at and effective as of the Call Purchase or Put Sale and upon receipt of the Call/Put Option Buyout Consideration.
On the date that is 60 days after the Exercise Notice was delivered (the “Put Purchase Date”), the Rolling Unitholder shall sell (the “Put Sale”) its Units to TSC, and TSC shall purchase such Units from the Rolling Unitholder, for a total purchase price equal to the Call/Put Buyout Consideration.
For the purposes of determining the number of Golden Matrix Shares issuable as part of any Buyout Consideration, to the extent that the Buyout Price is expressed in GBP, the price per share expressed in USD shall be converted into GBP by using the exchange rate published on Bloomberg at 5:00 pm EST on the Buyout Notice Date.