Examples of Interest Consideration in a sentence
Until such time as the registration of the Membership Interest Consideration is completed, the Avatech Common Stock which each Seller will receive pursuant to the Purchase may be required to be held for a period of not less than one year following the Effective Date, unless registered under the 1933 Act or the State Acts, or unless an exemption from such registration is available, in which case a Seller may still be limited in the number of shares that may be sold.
The Seller also acknowledges and agrees that Purchaser has agreed only to register the Membership Interest Consideration as provided in Section 4.2 hereof in accordance with the provisions of the 1933 Act.
The number of Interests held by each Member shall not be affected by any (i) issuance by the Company of Interests to other Members or (ii) change in the Capital Account of such Member (other than such changes to reflect additional Interest Consideration from such Member in exchange for new Interests).
Each Member Interest issued and outstanding immediately prior to the Effective Time (other than Member Interests to be excluded and remain outstanding in accordance with Section 2.08(a)) shall be converted into the right to receive the Closing Per Member Interest Consideration, at the respective times and subject to the contingencies specified herein, as set forth on Schedule 2.08(b).
This Agreement and the other Transaction Documents to which Seller or Parent is a party have been (or upon execution will have been) duly executed and delivered by Seller and Parent, have been effectively authorized by all necessary corporate action and constitute (or upon execution will constitute) legal, valid and binding obligations of Seller and Parent, enforceable against the Seller and Parent in accordance with their respective terms.
At the Effective Time unvested Company Options will accelerate and become exchangeable for an amount in cash equal to the Per Member Interest Consideration minus the exercise price with respect to each Company Member Interest for which the Company Option was exercisable.
Additionally, Shareholders and Assignees of a general partner of a Partnership, as to which Partnership there is a balance in the cash reserve (established pursuant to the terms of the Exchange Agreement) shall be entitled to receive, on the 120th day following the closing of the Exchange Offer, an amount of cash from WDOP equal to the additional amount each of them would have received if such balance were added to the General Partner Interest Consideration.
EXHIBIT A --------- Contributor Interest Consideration ---------------------------- --------------------- ------------------------------- Outrigger Lodging Services 44.82% limited See attached valuation formula.
The Seller has received or has been given access to all information that it considers necessary or advisable to it to make a decision concerning the purchase of the OPCO Interest Consideration.
The OPCO Interest Consideration has not been registered under the Securities Act or any state securities laws and is being transferred in reliance upon one or more exemptions contained in such acts and that the Buyer’s reliance upon such exemptions is based in part upon the representations and agreements made by the Seller Parent and the Seller herein.