Founding Investors definition

Founding Investors means (i) the natural persons that are the direct or indirect beneficial owners as of the Closing Date of the Persons referred to in the Contribution Agreement as ‘‘Contributing Parties’’, (ii) any family members (including spouses) of any Persons described in clause (i), and (iii) any Affiliates of the Persons described in clauses (i) or (ii), including the Contributing Parties as of the Closing Date, but only for such time as they remain so affiliated.

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Founding Investors means Lead Founding Investors, Class A Founding Investors, Class B Founding Investors and any other investor or class of investors subsequently designated as Founding Investors. Notwithstanding Section 5.3, with respect to any Incentive Allocation calculated with respect to a (i) Lead Founding Investor, “10%” shall be replaced by “5%” in Section 5.3(a)(ii) and (ii) Class A Founding Investor or Class B Founding Investor for (the portion of) any Incentive Allocation Period occurring prior to the sixth anniversary of the Launch Date, “10%” shall be replaced by “5%” in Section 5.3(a)(ii) with respect to Units attributable to Commitments accepted during the Initial Close Period; provided that any such reduction applicable to a partial Incentive Allocation Period shall be pro-rated according to the number of days in such Incentive Allocation Period that such reduction is applicable.

Founding Investors shall have the meaning given to it in the Stockholders’ Agreement.

Examples of Founding Investors in a sentence

Upon the issuance by the Partnership of Units to the Founding Investors, the Initial Purchaser and the Accredited Investors as described in Section 5.3, the General Partner admitted such parties to the Partnership as Initial Limited Partners in respect of the Units issued to them.
In exchange for such Capital Contributions by the Founding Investors, the Partnership issued Units to such Founding Investor in the amount set forth for such Founding Investor in the Contribution Agreement.
This Agreement, together with the Ancillary Agreements, including the exhibits and schedules hereto and thereto, constitutes the entire agreement among the Founding Investors and the Company with respect to the specific subject matter hereof, and supersedes all prior and contemporaneous agreements, representations, and understandings of the parties with respect to such specific subject matter.
In the event any such assets are related to Development Programs of both Founding Investors, each Founding Investor will assign to the other, to the fullest extent possible, the rights to such assets as they relate to the other Founding Investor’s Development Programs.
Notwithstanding Section 7.5 hereof, the rights of first refusal established by this Section 5 may be amended, or any provision waived with and only with the written consent of the Company and the Founding Investors holding a majority of the Registrable Securities held by all Founding Investors.

More Definitions of Founding Investors

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Founding Investors means ▇▇▇▇▇ Holdings L.L.C. and ▇▇▇▇▇ Global Investments LLC.

Founding Investors means GCI, 2224437 Ontario Inc., Eric So or, in relation to the Second Seed Financing and the Convertible Debenture Financing, So Family Trust – 2017, VRG Capital Corp., VRG Investments Inc., H. Brock Bundy, Mervyn Simpson and Gregory Cochrane;

Founding Investors means ▇▇▇▇▇ Holdings and Cap Z and any of their respective transferees under Section 2(c) hereof.

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Founding Investors has the meaning set forth in the caption to this Agreement.

Founding Investors means those parties that are entitled to the rights and benefits under the terms of the registration rights agreement by and among the Company and the other signatories thereto, dated as of April 21, 2005.