Examples of Reverse Split Effective Date in a sentence
Following the Reverse Split Effective Date, the Principal Shareholder shall use its best efforts to cause the Company to, assume, honor and comply with all agreements and contracts between the Company and its directors, officers, employees, fiduciaries or agents requiring the Company to provide indemnification, insurance or expense advancement.
If, at any time prior to the Reverse Split Effective Date, any event or circumstance relating to the Principal Shareholder should be discovered by the Principal Shareholder which should be set forth in an amendment to any document required to be filed by the Company with the SEC in connection with the transactions contemplated by this Agreement, the Reverse Stock Split and the Forward Stock Split, the Principal Shareholder shall promptly inform the Company.
As soon as practicable following the Reverse Split Effective Date, the Principal Shareholder and the Company will use their commercially reasonable efforts to complete the deregistration of the Common Stock under the Securities Exchange Act of 1934 and the delisting of the Common Stock from the Nasdaq Global Market.
Any consent, waiver, amendment or other determination to be made, or action to be taken, by the Company under or with respect to this Agreement prior to the Reverse Split Effective Date (including with respect to any termination of this Agreement pursuant to Section 27) shall be made or taken only at the direction and upon the approval of the Special Committee.
At least two business days before the Reverse Split Effective Date, the Principal Shareholder shall deposit, or cause to be deposited, into an escrow account with the Paying Agent (the “Escrow Account”), for the benefit of the holders of the Fractional Shares, cash in an amount at least equal to the Initial Funding Amount.
The indemnity obligations of the Principal Shareholder hereunder shall apply irrespective of the truth or untruth of the representations and warranties of the Company hereunder or, after the Reverse Split Effective Date, any defense to enforcement that the Principal Shareholder may have.
On or about the Reverse Split Effective Date and after Permanent Certificates of SSI Exchange Shares have been delivered to the President of ELSI, the President shall cause such Permanent Certificates to be exchanged and delivered to the Stockholders.
At least two business days before the Reverse Split Effective Date, the Principal Shareholder shall deposit, or cause to be deposited, into an escrow account with the Paying Agent (the “Escrow Account”), for the benefit of the holders of the Fractional Shares, cash in an amount at least equal to the Total Funding Amount.
Promptly after the Reverse Split Effective Date, the Company shall deliver to each Purchaser Warrants exercisable for that number of Warrant Shares set forth on the signature page hereto (subject to adjustment as set forth in such Warrants).
Any consent, waiver, amendment or other determination to be made, or action to be taken, by the Company under or with respect to this Agreement prior to the Reverse Split Effective Date (including with respect to any termination of this Agreement pursuant to Section 26) shall be made or taken only at the direction and upon the approval of the Special Committee.