Purchase Right Period definition
Examples of Purchase Right Period in a sentence
For the avoidance of doubt, each Party agrees that the Preemptive Rights of each Investor pursuant to this Section 7 will not apply to any issuance of Equity Securities by the Company to Tencent during the Purchase Right Period in accordance with Section 8.9.
For the avoidance of doubt, if a Gulf Wind Purchase Right Notice (as defined below) is provided during the Gulf Wind Purchase Right Period, the Gulf Wind Purchase Right shall survive until the transfer of the Gulf Wind Interest pursuant to this Article II is consummated (or earlier terminated in accordance with this Article II below).
During the TransMontaigne Purchase Right Period, the Company has filed or caused to be filed all Tax Returns that it is required to file and has paid all Taxes due and payable on said returns or, to Kinder Morgan’s Knowledge, on any assessments made against the Assets and Properties of the Company (except for Tax Returns for which valid extensions have been obtained and are in force), and all such Tax Returns were true, correct and complete in all material respects.
The Holder hereby covenants and agrees that if the Holder holds any Pre-Delivery Shares after the end of the Purchase Right Period, such remaining Pre-Delivery Shares shall be deemed surrendered and cancelled by the Holder on the date such Holder of the Notes ceases to hold any Notes.
The Company was formed for the sole purpose of developing and operating the Project and, to Kinder Morgan’s Knowledge, during the TransMontaigne Purchase Right Period, the Company has not engaged in any other business other than business related to the Project.