Modern Media definition
Examples of Modern Media in a sentence
Any notice, statement or demand authorized by this Agreement to be given or made by the Warrant Agent or by the holder of any Warrant to or on the Corporation shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified mail or private courier service within five (5) days after deposit of such notice, postage prepaid, addressed (until another address is filed in writing by the Corporation with the Warrant Agent), as follows: Modern Media Acquisition Corp.
NA No Bid Gerelcom Inc NA No Bid Modern Media Communications NA No Bid ▇▇▇▇▇ Communications, Inc.
Except for any action taken in accordance with the previous sentence of this clause 3.3, each Shareholder Party further agrees to take no action, whether by exercise of the voting rights attached to its Voting Securities or otherwise, with respect to the removal of any Investor Director, Management Director or Modern Media Director that was not designated by such Shareholder Party pursuant to clause 3.1.
Concurrently with the Luxembourg Merger Closing, Modern Media Sponsor, or the distributees of the PubCo Shares owned by Modern Media Sponsor, shall cancel or forfeit 2.6 million PubCo Shares, subject to the Founder Share Clawback provisions of Exhibit B or C, as applicable.
This Agreement is being entered into in connection with the consummation of the transactions contemplated by the Business Transaction Agreement, dated as of January 24, 2019 (the Transaction Agreement), by and among Modern Media, Akazoo Limited, a private company limited by shares incorporated under the Law of Scotland, ▇▇▇▇▇▇▇▇▇ ▇.
Each Modern Media Creditor shall receive the number of PubCo Shares in the Modern Media Loan Conversion equal to the aggregate amount of the principal and accrued interest of such Modern Media Creditor’s loan, divided by the PIPE Price.
At the closing of the PIPE, Modern Media Sponsor, or the distributees of the PubCo Warrants owned by Modern Media Sponsor, shall cancel or forfeit the 7.32 million PubCo Warrants currently outstanding.
Any notice, statement or demand authorized by this Agreement to be given or made by the Warrant Agent or by the holder of any Warrant to or on the Company shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified mail or private courier service within five (5) days after deposit of such notice, postage prepaid, addressed (until another address is filed in writing by the Company with the Warrant Agent), as follows: Modern Media Acquisition Corp.
Concurrently with PubCo entering into any definitive agreement with an investor in the PIPE, each Person that has loaned Modern Media funds, in the aggregate amount of $1.96 million, to extend the duration of Modern Media (each, a “Modern Media Creditor”) shall agree to convert such loans into PubCo Shares (the “Modern Media Loan Conversion”) at the Luxembourg Merger Closing.
On 17 May 2017, a New York law governed warrant agreement was entered into between MMAC US and the Warrant Agent under which MMAC US issued (i) 7,320,000 warrants to Modern Media Sponsor, LLC (the “Existing Private Placement Warrants”), and (ii) 10,350,000 warrants to the public (the “Existing Public Warrants”, together with the Existing Private Placement Warrants collectively referred to as the “Existing Warrants”).