Examples of Electing Purchaser in a sentence
In that case, each Electing Purchaser shall be entitled to purchase its Pro Rata Portion of the Company Ownership Interest and Partnership Ownership Interest comprising the Offered Interest.
Thereafter, the Holder shall surrender this Warrant to the Company and cause to be transferred the applicable Pro Rata Portion for no additional consideration to each Electing Purchaser.
A Purchaser that purchases shares of Series D Preferred Stock pursuant to this Section 1.3(b) is referred to herein as an “Electing Purchaser.” An Electing Purchaser that purchases all of its Second Tranche Shares pursuant to this Section 1.3(b) shall not be obligated to purchase additional shares of Series D Preferred Stock pursuant to Section 1.3(a).
An interview with an advisory board member was unable to be conducted during the annual compliance review to verify the board members’ role.
By way of example only, if the Total Converted Balance being converted by the Electing Purchaser is $3.5 million, the Company would be required to pay 7% of Pre-Commercial Income (2% x 3.5) to such Electing Purchaser plus a royalty of 1.75% on Net Sales of Molecular Imaging Products (0.5% x 3.5).
Within 45 days following the delivery of the Election Notice, the Electing Purchaser shall deliver the Prospective Selling Investor evidence of available funds and/or committed financing for the Electing Purchaser’s purchase of Subject Shares.
If the Electing Purchasers cannot agree upon the portion of the Offered Interest that each shall purchase, each Electing Purchaser may send a separate Acceptance Notice agreeing to purchase its Pro Rata Portion of the Offered Interest.
If such evidence is not delivered within such 45 day period, or, taken as a whole, is subject to broader conditions or otherwise less definite than the BRP Deal Commitment Letter, the Election Notice of such Electing Purchaser shall be deemed to be withdrawn.
All amounts payable by an Electing Purchaser (or designee thereof) pursuant to this Section 4.1 shall be paid in cash at the closing of such purchase or, to the extent provided in the Offer Notice, in installments of cash over time.
The closing of the sale of the Offered Interest to the Electing Purchasers shall take place at the principal place of business of the Company thirty (30) days after the end of (i) the Option Period (or, if such day is not a Business Day, the following Business Day), or (ii) such longer period as may be required to complete the appraisal under Section 5.9, or at such other place and time as agreed to by the Selling Holder and the Electing Purchaser.