Examples of Hercules Shares in a sentence
The Parties shall exchange the certificates representing the Golden Gem Shares and the Hercules Shares, respectively, by delivering such certificate(s) to the transferee duly executed and endorsed in blank (or accompanied by duly executed stock powers duly endorsed in blank), in each case in proper form for transfer.
The Hercules Shares when issued in accordance with the provisions of this Agreement will be validly issued, fully paid, and nonassessable, free and clear of all Liens (except for restrictions on transfer imposed by applicable federal or state securities Laws).
One of these was adistributor who explained that he needed more support in learning how to use the ripper effectively.Five of the fifteen farmers (33%) who explained their motivation for adoption said that what persuaded them to use ripping or basins was the combination of receiving training and observing the benefits of MT in the fields of earlier adopters.
Such price shall be paid to HCHC and HMH pro rata based on their ownership of the Hercules Shares.
Subject to the other terms of this Agreement, the aggregate consideration for the Purchased Assets shall consist of (a) 22,321,425 shares of Hercules Common Stock (the “Hercules Shares”) and (b) cash in an amount equal to $25,000,012 (the “Cash Payment” and, together with the Hercules Shares, the “Aggregate Consideration”).
In consideration for payment of the Cash Payment, issuance of the Hercules Shares and assumption of the Assumed Liabilities by Purchasers, Sellers shall cause the Plan of Reorganization to contain a mutual release provision by Sellers in favor of Purchasers and by Purchasers in favor of Sellers on terms mutually acceptable to the Parties.
If, between the date of this Agreement and the Closing, any Rig is damaged (other than ordinary wear and tear), but such damage is less than the Casualty Loss Amount, then the number of Hercules Shares shall be reduced in accordance with Section 2.5(c)(ii); provided, however, that for the avoidance of doubt in no event shall any such reduction in the number of Hercules Shares be made for ordinary wear and tear occurring prior to the Closing.
None of the Hercules Shares issued pursuant to this Agreement will, upon issuance, be subject to any preemptive rights, rights of first refusal, or other rights to purchase the Hercules Shares (whether in favor of Purchasers or any other Person), except as provided under Hercules Parent’s charter.
If the Estimated Net Working Capital is greater than the Final Closing Net Working Capital, then the Sellers shall return to Purchasers for cancellation the number of Hercules Shares (rounded to the nearest whole share) equal to the quotient of (A) such excess, divided by (B) 3.36.
The shares of BONZ common stock, the Golden Gem Shares and the Hercules Shares must each be held and may not be sold, transferred, or otherwise disposed of for value unless such securities are subsequently registered under the Securities Act or an exemption from such registration is available.