Examples of Closing Buyer Shares in a sentence
The Closing Buyer Shares will be, at the date of Closing, duly authorized, validly issued to the Companies, validly existing, fully-paid, non-assessable, free of preemptive rights and free and clear of any Liabilities and other adverse claims, any other encumbrances whatsoever, debts, obligations, claims, limitations, liens, Security Interests, restrictions on transfer and other restrictions, except as set forth in the Lock-up Agreement and applicable securities laws.
The Seller has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of acquiring the Closing Buyer Shares and making an informed decision.
The Seller shall be entitled to piggyback registration rights for the Closing Buyer Shares, pursuant to the provisions of the registration rights agreement attached hereto as Exhibit E (the "Registration Rights Agreement"), but it shall not be entitled to any demand registration rights..
The Seller understands that the Closing Buyer Shares have not been and will not be registered under the Securities Act of 1933, as amended (the "1933 Act"), or any applicable state securities laws, and that the issuance of the Closing Buyer Shares contemplated hereby is being made in reliance on one or more exemptions from registration under the 1933 Act and under applicable registration exemptions from state securities laws.
The Seller acknowledges that investment in the Closing Buyer Shares is highly speculative and subject to substantial risks.
If the Investors distribute the Closing Buyer Shares to their members, the holder of the largest number of Closing Buyer Shares, as identified in writing by the Investors, shall succeed to the Investors’ rights and obligations under this Agreement upon agreeing in writing to be bound by the terms of this Agreement.
Xxxx Custodian for Xxxxx Xxxx 000 Xxxxxxxxx Xxx., 00xx Xxxxx, Xxx Xxxx XX 00000 (000) 000-0000 Attn: Xxxxxxx Xxxx 10,000 $ 20,000 10,000 8 Initial Initial Closing Second Closing Purchase Closing Buyer Shares Price Shares Xxxxxxx X.
At the first meeting of the Board of Directors of the Company after the delivery of the Closing Buyer Shares, currently contemplated for January 31, 2003, the Company’s Board of Directors shall increase the number of Directors which shall constitute the Company’s Board of Directors and the resulting vacancy shall be filled by the Company’s Board of Directors electing Mx. Xxxxxxx as a Class II Director, with a term expiring at the 2003 Annual Meeting of Stockholders.
The Seller has adequate means of providing for its current needs and possible contingencies, and is able to bear the high degree of economic risk associated with this acquisition, including, without limitation, the possibility of the complete loss of the entire value of the Closing Buyer Shares.
Buyer and the Members agree to allocate the final Closing Cash Payment and the Closing Buyer Shares (together with any Aggregate True-Up Payment and other amounts required to be taken into account under Section 1060 of the Code) (“Allocable Amount”) consistent with the allocation methodology as provided on Section 7.6 to the Disclosure Schedule (the “Allocation Methodology”).