CAI Shares definition
Examples of CAI Shares in a sentence
The "Closing Date" of the transactions described herein (the "Acquisition"), shall be that date on which all conditions set forth herein have been met and the CAI Shares are issued in exchange for the BeFirst Common Stock.
It is hereby agreed that all of the BeFirst Common Stock shall be acquired by CAI in exchange solely for CAI common voting stock (the "CAI Shares").
The total number of CAI Shares outstanding shall be 2,500,000 without giving effect to shares issued in the CAI Financing.
On or as soon as practicable after the Closing Date, BeFirst will use its best efforts to cause the BeFirst Stockholders to surrender certificates for cancellation representing their shares of BeFirst Common Stock, against delivery of certificates representing the CAI Shares for which the shares of BeFirst Common Stock are to be exchanged at Closing.
As security for the Seller Parties’ indemnification obligations under Article 9 hereunder, the Purchaser shall deposit the Escrow Amount (some or all of which may, at the Purchaser’s option, be in the form of CAI Shares) with the Escrow Agent on the Final Closing Date.
CAI shall have completed its reverse stock split wherein each holder of CAI Shares shall have received one share of the CAI Shares for each two CAI Shares previously held.