Founders definition
Examples of Founders in a sentence
It is the intention of the Parties hereto that the transfer, assignment and conveyance of the Royalty Interest Right as contemplated by this Agreement constitute partial consideration for Fortress’s support of the Merger, including the termination of the Founders Agreement and the other covenants and agreements set forth herein and in the Support Agreement, and not a financing transaction, borrowing or loan.
Certain of the Investors (the “Existing Investors”) the Company, and the Founders are parties to that certain Third Amended and Restated Investors’ Rights Agreement dated December 21, 2020 (the “Prior Agreement”).
As promptly as practicable after the date of this Agreement, and subject to compliance with all applicable Laws, the Company shall direct the Founders or other appropriate members of its senior management team to engage [***].
The Company and the Founders desire to induce the Investors to purchase shares of Series E Preferred Stock pursuant to the Purchase Agreement by agreeing to the terms and conditions set forth below.
Any amendment or waiver effected in accordance with this Section 7.3 shall be binding upon the Company, the Founders, the Investors, and each of their respective successors and assigns.