Examples of Matrix Preferred Interests in a sentence
On the Escrow Closing Date, certificates, if any, for all of the Matrix Preferred Interests held by each Holder will be delivered by such Holder to the Escrow Agent for the benefit of the Parent together with properly completed and executed Letters of Transmittal.
Parent shall deliver 100% of the Preferred Exchange Consideration payable to each respective Holder against delivery by such Holder of a Letter of Transmittal together with all certificates, if any, representing such Holder’s Matrix Preferred Interest conveying all of such Holder’s Matrix Preferred Interests to Parent at Closing.
Each Holder’s execution of this Agreement, exchange of Matrix Preferred Interests for Series B Preferred Stock and continued beneficial ownership of the shares of Series B Preferred Stock, will not violate any applicable securities or other laws of such Holder’s jurisdiction.
None of the Matrix Preferred Interests held by any Holder is subject to any warrant, option, purchase or other right (contingent or otherwise) to acquire, exchange or otherwise dispose of such Matrix Preferred Interests.
Prior to the Closing, the Parent will deliver to each of the Holders a Letter of Transmittal, in substantially the form attached hereto as Exhibit C, to be used by each Holder for surrendering to Parent certificates, if any, representing all of such Holder’s Matrix Preferred Interests in exchange for the right to receive the Preferred Exchange Consideration.
The Partners hereby agree to assign, transfer and deliver to Parent all right, title and interest in and to all of the outstanding limited partnership interests (other than the Matrix Preferred Interests) of the Partnership (“MI LP Interests”) at Closing in exchange for the Exchange Consideration (as defined below) to be delivered by Parent.