Examples of Institutional Purchaser in a sentence
The Commitment of each Conduit Purchaser and each Institutional Purchaser shall be reduced by an amount equal to its Pro Rata Share (prior to giving effect to any reduction of Commitments hereunder) of the aggregate amount of any reduction under this Section 2.4(a).
Purchaser has received and has carefully reviewed the Disclosure Materials and understands the information contained therein and has relied solely upon the Disclosure Materials and independent investigations made by him in making the decision to invest in the Shares, and with respect to the Institutional Purchaser the shares of Preferred Stock.
The shares of Preferred Stock have been duly authorized by the Corporation and, when issued and delivered by the Corporation against payment therefore in the manner contemplated hereunder, will be validly issued, fully paid and non-assessable, and there are no preemptive rights relating to the issuance of the Preferred Stock to be issued to the Institutional Purchaser pursuant to this Agreement.
Each Purchaser Agent is hereby authorized to enter on a schedule attached to the VFC with respect to each Conduit Purchaser and each Institutional Purchaser a notation (which may be computer generated) or to otherwise record in its internal books and records or computer system with respect to each Advance under the VFC made by the applicable Purchaser of (a) the date and principal amount thereof and (b) each payment and repayment of principal thereof.
The Institutional Purchaser agrees to purchase, on the Closing Date, that number of Shares with an aggregate purchase price equal to approximately $59.0 million, and that number of shares of Preferred Stock consistent with the terms, powers, preferences and other rights as set forth in the Form of Certificate of Designations of such Preferred Stock attached hereto as Exhibit B (the “Certificate of Designations”), with an aggregate purchase price equal to $41.0 million.
Each Purchaser other than the Institutional Purchaser understands and acknowledges that the actual number of Shares sold to each Purchaser other than the Institutional Purchaser shall be determined by the Corporation and the Corporation shall have the right to accept or reject in whole or in part such Purchaser’s subscription to purchase Shares hereunder and/or to limit such Purchaser’s investment hereunder to a specific dollar amount and/or percentage of the total aggregate number of Shares to be sold.
Each Purchaser also understands and acknowledges that it has made its own review of the investment merits and risks of the Shares, and with respect to the Institutional Purchaser the shares of Preferred Stock, is not relying on the Institutional Purchaser and is acting separately and independently of the Institutional Purchaser in making its investment in the Shares, and with respect to the Institutional Purchaser the shares of Preferred Stock.
Xxxxx unless the Institutional Purchaser otherwise notifies the Corporation in writing at least two days prior to the Closing Date.
The Corporation will bear the total cost of any filings required by Institutional Purchaser under the HSR Act.
If the Board Representative fails to complete any term of office to which he is appointed or elected in accordance with this Section 5.3, whether due to his death, resignation, retirement, disqualification, or removal, the Board shall vote for and take any and all actions necessary to appoint such other designee of the Institutional Purchaser as the Board Representative to complete the remainder of such term.