Class A Purchase definition
Examples of Class A Purchase in a sentence
The amount of Class A Incremental Funding allocated to each Class A Ownership Group shall be a minimum amount of $1,000,000 or a higher integral multiple thereof for each Class A Ownership Group, except that a Class A Incremental Funding may be requested in the entire remaining Class A Purchase Limit of the related Class A Ownership Group.
To exercise the Warrants, the Purchaser shall deliver to the Company a duly completed Notice of Exercise (in the form attached to the Class A Warrant or the Class B Warrant) and payment of the Class A Purchase Price or Class B Purchase Price, as applicable.
The parties agree that the fair market value of each share of Class A Common Stock as of the Effective Date, based on the appraisal report of Corporate Valuation Advisors, is $ $341.36 the Class A Purchase Price.
The “Class A Purchase Election Date” shall be the day on which the Managing Member delivers the Class A Purchase Notice; provided that, if the Managing Member elects to purchase all of the Class A Limited Membership Interests then outstanding during the ten (10) day period following the delivery of a Liquidation Notice, the Class A Purchase Election Date shall be the day on which such Liquidation Notice is delivered to the Managing Member.
Except as provided in Section 14.2 with respect to a rescinded Liquidation Notice, a Class A Purchase Notice given pursuant to this Section 11.8 shall be irrevocable and binding on the Managing Member.
Delivery of a notice of redemption pursuant to this Section 15.1(c) and Section 15.2(a) shall constitute a rescission of any Liquidation Event Notice delivered prior to the date of such redemption notice; provided, however, such Liquidation Event Notice shall be deemed reinstated upon the failure of the Company to pay or cause the payment of the Class A Purchase Price on the Class A Purchase Date.
The closing of the purchase contemplated by this Section 11.8 shall occur on the Class A Purchase Date at such place as is mutually agreeable to the Members, or upon the failure to agree, at the principal place of business of the Company.
Upon consummation of the Class A Purchase Option, the Managing Member shall be admitted as a Class A Limited Member with respect to the Class A Limited Membership Interests purchased pursuant to the Class A Purchase Option, and the Class A Limited Members from whom such Class A Limited Membership Interests were purchased shall be deemed withdrawn with respect to such Class A Limited Membership Interests.
Each such reduction in the Aggregate Class A Commitment shall reduce the Class A Commitment of each Class A Purchaser in accordance with its Class A Commitment Percentage and shall reduce the Class A Purchase Limit by a corresponding amount.
The Agent shall promptly transfer to the Seller Account the proceeds of any Incremental Class A Purchase delivered to the Agent.