Examples of First Closing Shares in a sentence
Under the heading, “Conditions to Purchaser’s Obligations at the First Closing,” the SPA recited various events that needed to take place before PDC became obligated to purchase the First Closing Shares.
At the First Closing, the Company shall deliver to each Investor a certificate representing the First Closing Shares that such Investor is purchasing against payment of the purchase price therefor by check, wire transfer or any combination thereof.
The Company shall have delivered to Investor the First Closing Shares (in such denominations as Investor shall request).
If shareholder approval for the Increase is not obtained by May 31, 2016, then the Investor will have the right to put the First Closing Shares to the Company (the “Put Right”) in exchange for the Put Note.
The Second Lien First Closing Shares shall be allocated ratably, including fractional shares, to each Second Lien Shareholder according to aggregate principal amount of each such Second Lien Shareholder’s outstanding Loans as of the First Closing Date.