Examples of Recapitalization Shares in a sentence
The failure of the Company to obtain the New Financing shall not relieve Buyer of its obligations to purchase the Recapitalization Shares for the Recapitalization Purchase Price at the Closing.
At the Closing, the Sellers shall retain such number of Common Shares as is set forth opposite their respective names on Exhibit B hereto, which immediately following the Closing will constitute twelve percent (12%) of all of the outstanding common equity securities of the Company and all of the outstanding common equity securities of the Company other than the Recapitalization Shares.
The Debtor agreed to register the resale of the Recapitalization Shares, the Warrant Shares, the Convertible Unsecured Notes and the shares underlying the Convertible Unsecured Notes, and such registration was effected in September 2017 (the “2017 Registration”).
Pursuant to the Plan of Recapitalization, Genmar is acquiring a number of Vessels, entities or interests in entities which directly or indirectly own Vessels, and other entities and assets in exchange for Recapitalization Shares (as defined below) to be allocated to the Recipients thereof.
All representations, warranties and agreements contained in this Agreement, or contained in certificates of officers of the Company submitted pursuant hereto and identified as such, shall remain operative and in full force and effect, regardless of any investigation made by or on behalf of any Investor or controlling person, or by or on behalf of the Company, and shall survive delivery of the Recapitalization Shares to the Investors.
The delivery of certificates at the Closing representing the Acquired Shares and the Recapitalization Shares in the manner provided in Section 1.03 will transfer to Purchaser and the Company, respectively, good and valid title to the Acquired Shares and the Recapitalization Shares, free and clear of all Liens other than Liens created or suffered to exist by Purchaser.
Item 6 of the Schedule 13D is hereby amended by adding in the following sentence to the end of the fourth paragraph thereof: The Recapitalization Agreement amended certain terms of the Registration Rights Agreement to increase the number of “Demand Registrations” (as defined in the Registration Rights Agreement) and to include the Recapitalization Shares in the definition of “Registration Securities” (as defined in the Registration Rights Agreement).
Global agrees and acknowledges that the Recapitalization Shares are Registrable Securities as defined in the Registration Rights Agreements (the “Registration Rights Agreements”), dated as of March 31, 2006, entered into in connection with each of the Notes SPA, the Preferred SPA and the Common SPA, the resale of which has been registered under the Securities Act of 1933, as amended (the “Securities Act”), which registration is currently effective.
Simultaneously with the purchase of the Recapitalization Shares by the Buyer, the Company shall redeem from the Sellers all of the Redeemed Shares for the Sellers Redemption Price.
One resident, whilst not objecting to the proposal, is concerned that the restrictions would encourage residents to park inconsiderately in the private parking courts and cause conflicts between residents.