Examples of Direct Investment Shares in a sentence
Notwithstanding anything to the contrary in this Agreement, all Common Shares (including the Rights Offering Shares, Direct Investment Shares, Unsubscribed Shares and Put Option Premium Shares) will be delivered with all issue, stamp, transfer, sales and use, or similar transfer Taxes or duties that are due and payable (if any) in connection with such delivery duly paid by the Company on behalf of Reorganized Chesapeake.
The entry of any Unsubscribed Shares and Direct Investment Shares to be delivered pursuant to this Section 2.6(c) into the account of an Equity Commitment Party pursuant to the Company’s book entry procedures and delivery to such Equity Commitment Party of an account statement reflecting the book entry of such Unsubscribed Shares and Direct Investment Shares shall be deemed delivery of such Unsubscribed Shares and Direct Investment Shares for purposes of this Agreement.
Such Commitment Party has such knowledge and experience in financial and business matters such that it is capable of evaluating the merits and risks of its investment in the Direct Investment Shares.
The Direct Investment Shares and the Direct Investment Warrant will be issued to Holdings as consideration for payment of $2,477,117.07 (two million four hundred seventy seven thousand one hundred seventeen dollars and seven cents) in immediately available funds to the Company on the Share Date.
The second column indicates corresponding bounds of each property.
Upon the Plan Effective Date, the authorized capital of New Speedcast Parent shall be sufficient to issue all of the Direct Investment Shares consistent with the terms of this Agreement, the Plan and the Disclosure Statement and the issued and outstanding Direct Investment Shares of New Speedcast Parent shall be consistent with the terms of the Plan and the Disclosure Statement.
The Direct Investment Shares shall be, upon (i) payment of the Aggregate Purchase Price as provided herein and (ii) the Plan Effective Date, validly issued and outstanding, and free and clear of all Taxes, liens, pre-emptive rights, rights of first refusal, subscription and similar rights, except as set forth herein or created or otherwise imposed by any Commitment Party, and other than liens pursuant to applicable securities laws.
As of the date hereof, such Commitment Party has access to sufficient immediately available funds and/or capital commitments, and as of the Commitment Funding Deadline such Commitment Party will have sufficient immediately available funds, to make and complete the payment of the aggregate purchase price for Direct Investment Shares on or prior to the Commitment Funding Deadline.
Notwithstanding anything to the contrary in this Agreement, all Unsubscribed Shares and Direct Investment Shares will be delivered with all issue, stamp, transfer, sales and use, or similar transfer Taxes or duties that are due and payable (if any) in connection with such delivery duly paid by the Company on behalf of the Company.
The Company is not a party to any contract, agreement or understanding with any person (other than this Agreement) that would give rise to a valid claim against it or the Commitment Parties for a brokerage commission, finder’s fee or like payment in connection with the offering and sale of the Direct Investment Shares.