Examples of Purchase Option Shares in a sentence
When the Registration Statement becomes effective under the Act and when the Purchase Option Units are delivered to and paid for by the Representative in accordance with the terms of the Purchase Option, the Purchase Option Shares will be validly issued, fully paid and non-assessable.
When the Company has executed and delivered the Purchase Option Shares and received payment therefor at a price per Share not less than the par value per share of Common Stock in accordance with the Purchase Option and as contemplated by the Registration Statement, the Purchase Option Shares will be validly issued, fully paid and nonassessable.
Buyer hereby acknowledges and agrees that the Registration Rights Agreement to which the Equity Investor or any Assignee is a party shall apply with respect to the Subject Equity Securities and Purchase Option Shares held by the Equity Investor or such Assignee, as applicable, and such Subject Equity Securities and Purchase Option Shares shall constitute Registrable Securities (as defined in the applicable Registration Rights Agreement) under the applicable Registration Rights Agreement, mutatis mutandis.
The Common Shares, the Purchase Option Shares, the Warrant Shares, the Selling Securityholder Warrant Shares and the Aftermarket Shares have each been duly and validly authorized and, when issued and paid for as described in the Registration Statement, will be duly and validly issued and fully paid and nonassessable.
The Equity Investor and any Assignee shall be entitled to registration rights in respect of the Subject Equity Securities and Purchase Option Shares acquired by the Equity Investor and such Assignee, as applicable, pursuant to this letter, on the same terms and pursuant to and in accordance with any Registration Rights Agreement, to which Buyer, such Assignee and/or the Equity Investor is a party (as amended, each a “Registration Rights Agreement” and together, the “Registration Rights Agreements”).
As of the date hereof, Parent, Merger Sub and their affiliates beneficially own 229,501 shares of Company Common Stock, but not including any shares of Common Stock subject to the Stockholders Agreement or the "Purchase Option Shares" (as defined in Section 7.02).
Upon delivery of any Purchase Option Shares upon exercise of the Purchase Option, Merger Sub will acquire good title to such shares, free and clear of all liens, pledges, security interests, charges or other encumbrances or restrictions.
The Purchase Option Shares, when issued, delivered, sold and paid for upon exercise of the Purchase Option, as contemplated by the Purchase Option and the Registration Statement, will be duly authorized, validly issued, fully paid and non-assessable.
Prior to the Termination Date, Executive shall not (a) subject any of the Purchase Option Shares to, or suffer to exist on any of the Purchase Option Shares, any lien, pledge, security interest, charge or other encumbrance or restriction, other than pursuant to this Agreement, or (b) sell, transfer, assign, convey or otherwise dispose of any of the Purchase Option Shares (including any such action by operation of law), other than a disposition by operation of law pursuant to the Merger.
The Purchase Option Shares are duly authorized and, when issued, delivered, sold and paid for upon exercise of the Purchase Option, as contemplated by the Purchase Option and the Registration Statement, will be validly issued, fully paid and non-assessable.