Closing Date Shares definition
Examples of Closing Date Shares in a sentence
In addition to Seller’s Closing Date Shares, Sellers shall be eligible to receive two million seven hundred fifty-six thousand seven hundred fifty-seven (2,756,757) shares of Procera’s Common Stock (the “Seller’s Incentive Shares”) if all milestones and conditions set forth on Exhibit C are met.
The Closing Date Shares shall be allocated among the members of the Seller pursuant to written instructions provided by Seller at least three (3) business days prior to the Closing Date, subject in each case to the provision by such member of customary “accredited investor” and other securities law representations in a form reasonably satisfactory to NewCo (the “Securities Law Representations”).
AzERx, by approval and execution of this Agreement, hereby agrees to assume the risk of investment in OrthoLogic Common Stock in light of the future events described in this Section 9.5 and the effects such events will have on the price of the Closing Date Shares received pursuant to this Agreement.
The TSX and AMEX shall have conditionally approved the listing of the Closing Date Shares, and satisfactory evidence of such approval shall have been furnished to the Seller on or prior to the Closing Date.
Subsequent to the Initial Closing Date, Shares may be purchased as of the first business day of each calendar quarter based upon the Fund’s net asset value as of the most recent end of each calendar quarter if it is a business day, and if not, the last business day of the quarter is the valuation date (“Valuation Date”), plus applicable selling commissions, subject in certain circumstances to waivers or reductions thereof, as described in the Fund’s registration statement.