Examples of Existing Sponsor in a sentence
For the avoidance of doubt, no adjustment shall be made to the terms of the Advisor Warrants solely as a result of (i) the issuance of the Forward Purchase Shares or (ii) a reverse stock split or other such adjustment to the Existing Sponsor Shares, pursuant to the governing documents of the Company as in effect on the date hereof.
Part I .coop sTLD Charter Part II Delegated Authority Part III Description of .coop Sponsored TLD Community Part IV Selection of Registrars Part V Public Whois Part VI Existing Sponsor Services The .coop TLD will be established to serve the needs of the international cooperative community (“Community”).
For the avoidance of doubt, no adjustment shall be made to the terms of the Sponsor Warrants solely as a result of (i) the issuance of the Forward Purchase Shares or (ii) a reverse stock split or other such adjustment to the Existing Sponsor Shares, pursuant to the governing documents of the Company as in effect on the date hereof.
To the extent that any amounts are withheld from distributions otherwise payable to an Existing Sponsor (as defined in the Omnibus Agreement) pursuant to Section 3.07 of the Omnibus Agreement, items of deduction and loss will be specially allocated to such Existing Sponsor in an amount equal to such withheld amount.
Such Sponsor Party understands and acknowledges that the Company and PubCo entered into the Business Combination Agreement in reliance upon the Existing Sponsor Support Agreement.
Subject to the rights and preferences of any series of outstanding Preferred Stock, at any time that the Existing Sponsor owns at least 10% of the shares of Common Stock then outstanding, the Existing Sponsor may call special meetings of the stockholders of the Corporation in accordance with the provisions set forth in the Bylaws of the Corporation.
At any time that the Existing Sponsor does not own at least 10% of the shares of Common Stock then outstanding, the stockholders of the Corporation may not take any action by written consent in lieu of a meeting and must take any action at a duly called annual or special meeting of the stockholders and the power of stockholders to consent in writing without a meeting is expressly denied.
At any time that the Existing Sponsor does not own at least 10% of the shares of Common Stock then outstanding, special meetings of the stockholders of the Corporation may be called only by the Chairman of the Board of Directors, the Chief Executive Officer (or if there is no Chief Executive Officer, the President) or the Board of Directors of the Corporation pursuant to a resolution adopted by a majority of the total number of directors then in office.
The Acquired Companies shall deliver to the Purchaser resignations (effective as of the Closing) from the directors and managers of each Acquired Company who are affiliated with the Existing Sponsor.
Subject to the rights and preferences of any series of outstanding Preferred Stock, at any time that the Existing Sponsor (as defined in Section 12.04(e)) owns at least 10% of the shares of Common Stock then outstanding, the stockholders of the Corporation may take any action by written consent in lieu of a meeting in accordance with the provisions set forth in the Bylaws of the Corporation.