Examples of Optionor in a sentence
For greater certainty, this section shall not apply to any claims or demands arising by virtue of the Creditor being a shareholder of the Optionor.
Upon payment by the Optionor to the Creditor of the Settlement Payment, the Creditor will promptly, but in any event, no later than two (2) Business Days following payment of the Settlement Payment, discharge all security interest it has in the assets and property of the Optionor and its subsidiaries, and the Optionor and the Creditor agree that until such time as the Settlement Payment is paid by the Optionee in full, the Creditor will remain the senior secured creditor of the Optionor.
Upon such discharge, the Creditor shall provide the Optionor and the Optionee with evidence and confirmation in writing of such discharge.
This release will be operative from and after the date the Settlement Payment is delivered to the Creditor and shall be effective without the delivery of any further release or other documents from the Creditor to the Optionor.
The Optionor shall allot and issue the Optioned Shares, free and clear of any liens and encumbrances, to the Optionee in accordance with the registration and delivery instructions provided by the Optionee in the Exercise and Conversion Notice, effective of as the Exercise Date.