Examples of Series B Purchase Agreement in a sentence
Upon the sale of Additional Series B Shares to Additional Series B Investors in accordance with the Series B Purchase Agreement, the Company, without prior action on the part of any Investor, shall require each Additional Series B Investor to execute and deliver this Agreement.
Capitalized terms not otherwise defined herein shall have the meanings given to them in the Series B Purchase Agreement.
Except as set forth on Schedule 2.15, the representations and warranties of the Company set forth in Article 2 of the Series B Purchase Agreement are true and correct and with the same effect as though made at and as of the date hereof, except for those representations and warranties which speak of a specific date which remain true and correct as of such date.
A total of 14,711,219 Series B Preferred Units shall be issued by the Partnership on the Series B Issuance Date pursuant to the terms and conditions of the Series B Purchase Agreement, and the Partnership may issue additional Series B Preferred Units in the form of Series B PIK Units from time to time in accordance with this Supplemental Terms Annex.
Pursuant to the Series B Purchase Agreement, on July 19, 2010, the Company issued to an affiliate of Optimus a three-year warrant to purchase up to 40,500,000 shares of the Company’s common stock (the “Warrant Shares”), at an initial exercise price of $0.25 per share, subject to adjustment as described below.