Examples of Recapitalization Shares in a sentence
The Recapitalization Shares shall be held in escrow in the name of the Escrow Agent or its nominee, subject to the terms and conditions set forth herein.
On or after February 15, 2008, if any Recapitalization Shares contain any restrictive legends, Global shall, within three days of request by a holder of the Recapitalization Shares and surrender to the transfer agent of Global of such shares, remove all restrictive legends and deposit such shares in the DTC Account of such holder.
The parties also agree that (i) the number of Jupiter Acquired Shares received from Jupiter by Purchaser shall be reduced by an amount equal to the quotient of (x) the Phantom Exchange Value divided by (y) 16,811.78 (the "Phantom Share Adjustment Amount") and (ii) the number of Recapitalization Shares purchased from Jupiter by AAMM shall be increased by the Phantom Adjustment Amount.
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.
The Recapitalization Shares are duly authorized, validly issued and outstanding, fully paid and nonassessable, have not been issued in violation of any preemptive rights and together with the shares of Common Stock to be retained by Parent and the Preferred Stock are the only shares of capital stock of the Company outstanding.
Buyer is receiving the Recapitalization Shares delivered pursuant to this Agreement for investment purposes for its own account, and not with the view to or in connection with any distribution 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.
Neither the Company nor any of its security holders (other than the Holders in such capacity pursuant hereto) may include securities of the Company in any Registration Statements other than the Registrable Securities, except that the Company may include in a Registration Statement the Unregistered Recapitalization Shares and the Xxxxxx Xxxxxxx Shares.
Simultaneously with such payments and deliveries, (A) Jupiter will assign and transfer to AAMM good and valid title in and to the Jupiter Recapitalization Shares and (B) Xx. Xxxxxx will assign and transfer to AAMM good and valid title in and to the Xxxxxx Recapitalization Shares.
The shares of Common Stock issued hereunder shall be delivered at the direction of each Warrant Holder via the Deposit/Withdrawal at Custodian system or by one or more certificates, in the case of the Recapitalization Shares, containing no restrictive legends.