Examples of Second Installment Shares in a sentence
Subject to the terms and conditions of this Agreement, Investor agrees to pay $2,250,000 (the "Second Installment") to the Company and the Company agrees to sell and issue to Investor the number of shares (the "Second Installment Shares") of the Company's Common Stock equal to *** divided by 120% of the average daily closing price of the Company's Common Stock reported by the NASD on the *** to the Second Installment Date (as defined below).
The Company shall deliver written notice to Investor, including documentation of the LRC action (as defined in the Research Agreement), of the satisfaction of the requirements of the Milestone, and shall simultaneously deliver a written certification that the representations and covenants of the Company set forth in Section 2 of this Agreement are true and correct with respect to the Second Installment Shares as of the date of such notice.
Upon delivery of the Second Installment to the Company by Investor, the Company shall issue and deliver to Investor a certificate representing the Second Installment Shares (free and clear of all liens, claims and other encumbrances except as otherwise provided herein and in the Registration Rights Agreement (as defined below)).
Subject to the provisions of Section 7 below, Company will issue to the Executive against payment of the purchase price therefor the First Installment Shares and the Second Installment Shares.
More specific obligations are included only in the EIA Directive as amended in 2014.
Executive hereby subscribes for and agrees to purchase the First Installment Shares and the Second Installment Shares for an amount equal to the Basic Equity Account, with such Shares being issuable and such amount being payable in accordance with the provisions of this Agreement.
Of the Second Installment Shares, shares with an undiscounted value of $1.0 million are to be issued to Bioceros key employees and are subject to those employees’ continued employment.
Regional governments have the authority to exercise the most significant amount of autonomy possible, except government affairs, which are the government's responsibility, intending to improve public welfare, public services, and regional competitiveness.
Per the second subscription agreement, Pacific Southwest agreed to purchase 1,162,790 shares of common stock (First Installment Shares) for $1.72 per share for a total purchase price of $2,000,000 and agreed to have an option to purchase an additional 581,395 shares of common stock (Second Installment Shares) for $1.72 per share for aggregate purchase price of $1,000,000.
The closing of the Second Installment Shares, shall take place at 10:00 a.m., on the date on the business day on which the last of the conditions set forth in Sections 4 and 5 of this Agreement that are capable of being satisfied before such closing are fulfilled or waived in accordance with this Agreement, at the offices of the Purchaser, 4 W.