Examples of Remaining Investors in a sentence
In addition, the Remaining Investors shall deliver or cause to be delivered to the Company, its Investment Amount, in United States dollars and in immediately available funds, by wire transfer to an account designated in writing by the Company for such purpose.
At the Closing, subject to the terms and conditions set forth in this Agreement, including the applicable Conditions Precedent to Closings set forth in Article V, the Escrow Agent shall release the funds received pursuant to the Initial Closing to the Company and the Company shall issue and sell to each Investor, and each Investor, including the Remaining Investors shall, severally and not jointly, purchase from the Company, the Shares representing such Investor's Investment Amount.
At the Initial Closing each Investor, except the Remaining Investors, shall deliver each Investor's respective Investment Amount to the Escrow Agent to be placed in an escrow account until the Closing.
If a Remaining Investor elects not to purchase their pro rata share of such Registrable Securities, then such Remaining Investor shall notify the company in writing within such fifteen-day period and such Remaining Investor’s pro rata share shall be offered to those Remaining Investors who so exercised their rights (the “Participating Investors”).
The Remaining Investors shall have performed in all material respects all obligations and conditions herein required to be performed or observed by them on or prior to the Subsequent Closing Date.
This Agreement will become effective upon the due execution and delivery of this Agreement by the Company and the Remaining Investors.
Upon confirmation that the conditions to closing specified herein have been satisfied, the Company shall deliver to Lowenstein Sandler PC, in trust, x xxxxxxxxxxx or certificates, registered in such name or names as the Remaining Investors may designate, representing the Remaining Securities, with instructions that such certificates are to be held for release to the Remaining Investors only upon release of the Remaining Purchase Price in accordance with the terms of the Escrow Release Instructions.
For purposes of the foregoing, unless the Selling Stockholder is selling Preferred Stock or the Buyer agrees to purchase Preferred Stock from the Remaining Investors, the Remaining Investors may only sell Common Stock.
For example, if the Series 3 Holder purchases Common Stock having a total purchase price of $11,000 to cover a Buy-In with respect to an attempted conversion of shares of Series 3 Preferred Stock with respect to which the aggregate sale price giving rise to such purchase obligation is $10,000, under clause (A) of the immediately preceding sentence the Corporation shall be required to pay the Series 3 Holder $1,000.
The Company shall notify the Initial Investors or the Remaining Investors, as applicable, by facsimile or e-mail as promptly as practicable, and in any event, within twenty-four (24) hours, after any Registration Statement is declared effective and shall simultaneously provide the Initial Investors or the Remaining Investors, as applicable, with copies of any related Prospectus to be used in connection with the sale or other disposition of the securities covered thereby.