Examples of Closing Issuance in a sentence
In addition to these deposits, the Company has agreed to consideration of: - Payment of $220,000 in cash consideration in addition to the deposits;- Agreed to consolidate common shares on the basis of five pre-consolidation shares for one share prior to Closing;- Issuance of 1,333,333 common shares of the Company; and- Agreed to complete the Financing described above.
Except as otherwise provided herein, upon the terms and subject to the conditions of this Agreement, the consummation of the Closing Issuance (the “Closing”) shall be held remotely via the exchange of documents and signatures on the date hereof (the “Closing Date”).
On the Closing Date, the Company shall issue to Investors or to a custodian designated by any such Person, as applicable, the appropriate number of Closing Issuance Shares, free and clear of any liens or other restrictions whatsoever (other than those arising under state or federal securities laws), which Closing Issuance Shares, unless otherwise determined by the Company, shall be uncertificated, with record ownership reflected only in the register of shareholders of the Company.
In the event of the Upward Adjustment Trigger, the Issuance Price shall be increased to the Closing Issuance Price (as defined below), which increase shall result in a corresponding increase in the aggregate Purchase Price.
For purposes hereof, the "Closing Issuance Price" shall be calculated as follows: the value weighted average of the Nasdaq closing stock price of the Company during the 15-day period prior to Closing.
All disputes, claims or controversies arising out of or relating to this Agreement, or the negotiation, validity or performance of this Agreement, the Waiver and Combination Closing Issuance or any Exchange and the other transactions contemplated hereby shall be governed by and construed in accordance with the Laws of the State of Delaware without regard to its rules of conflict of Laws.
The parties agree that Exxxxx shall be entitled to rely on the Closing Issuance Schedule in issuing the shares of Endexx Closing Stock to the Seller pursuant to this Agreement and that Endexx shall not be responsible for the calculations or the determinations regarding such calculations in such Closing Issuance Schedule.
On the terms and subject to the provisions of this Agreement, at the Closing, (a) Endexx shall issue to the Seller the shares of Endexx Closing Stock in accordance with the information set forth on the Closing Issuance Schedule and (b) Acquisition Sub shall execute and deliver to the Seller the Self-financing Note (the effective time of the Acquisition being hereinafter referred to as the “Effective Time”).
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Each of Parent, the Trust and Xx. Xxxxxx acknowledges and agrees that, for U.S. federal income tax purposes, the Combination Closing Issuance is intended to be treated as an issuance of stock by Parent pursuant to the “plan of reorganization” in the Merger Agreement and not as a separate transaction.