Second Tranche Shares definition
Examples of Second Tranche Shares in a sentence
For the purposes of Section 4.4 of the Second Tranche Agreement, ▇▇▇▇▇▇ shall reasonably cooperate with the Company in the Company’s efforts to solicit or cause to be solicited from the Company’s stockholders proxies in favor of the issuance of the Second Tranche Shares in accordance with the Second Tranche Agreement and to secure the Requisite Stockholder Approval.
Simultaneously, the Indian Escrow Agent shall release the Second Tranche Shares to the Purchaser.
Any preferred stock or warrants of the 12% Senior Notes Issuer issued to Purchaser shall have rights and terms that are equivalent to the rights and terms of the First Tranche Shares and Second Tranche Shares and the Warrants, respectively.
Intrexon acknowledges that the First Tranche Shares, Second Tranche Shares and Upfront Purchase Shares are restricted securities and must be held indefinitely unless subsequently registered under the Securities Act or the Company receives an opinion of counsel reasonably satisfactory to the Company that such registration is not required.
Employee agrees that he shall be responsible for, and shall make prompt payment of, any and all individual federal, state and local taxes including, without limitation, withholding taxes due or arising from his receipt of such Shares and Second Tranche Shares, as required pursuant to applicable tax laws.