Examples of Series B Securities Purchase Agreement in a sentence
The Investment Oversight Committee shall remain in existence until the Company has used all of the proceeds received in connection with the transactions contemplated by the Series B Securities Purchase Agreement.
All expenditures of the proceeds resulting from the sales of securities by the Corporation pursuant to the Series A Securities Purchase Agreement and Series B Securities Purchase Agreement shall require the unanimous, prior, written approval of the members of the Investment Oversight Committee.
All expenditures of the proceeds resulting from the sales of securities by the Corporation pursuant to the Series B Securities Purchase Agreement shall require the unanimous, prior, written approval of the members of the Investment Oversight Committee.
The Company hereby consents to the transfer of the Series B Shares from Shaar to Buyer, and further consents to the assignment referred to in Paragraph B of Article VIII of the Series B Securities Purchase Agreement, providing for the assignment by Shaar to Buyer of all of its rights under the Series B Stock.
In the event that the Corporation offers to an unrelated party any type of equity security for conventional financing purposes, then each holder of Series B Preferred Stock shall have the right, pursuant to the Series B Securities Purchase Agreement, to participate in such purchase on the same price and terms and conditions as the Corporation offers to any other potential investor.
The rights of holders of the Series B Preferred Stock under Sections 4 (“Covenants”) and 5 (“Prohibition on Liens; Injunction”) of the Series B Securities Purchase Agreement and Sections 12 (“Certain Negative Covenants; Misc.”) and 13 (“Events of Default”) and 14 (“Adjustment Upon Certain Events of Default; Mandatory Redemption; Posting of Bond”) of the Series B Certificate of Designation, have expired and are no longer in effect.
All notices, requests, consents and other communications hereunder shall be in writing, shall be addressed to the receiving party's address set forth in Section 9.1 of the Series B Securities Purchase Agreement or to such other address as a party may designate by notice hereunder, and shall be either (i) delivered by hand, (ii) made by telecopy or facsimile transmission, (iii) sent by recognized national overnight courier service, or (iv) sent by registered mail, return receipt requested, postage prepaid.
The Series B Securities Purchase Agreement is hereby amended to provide that the provisions of Section 2(l) ("Waiver of Right to Vote Shares of Incara Stock") shall terminate with respect to any shares of Series B Preferred Stock assigned or transferred to any person or entity other than a subsidiary of Elan Corp, effective as of the date of such assignment or transfer.
All notices, requests, consents and other communications hereunder shall be in writing, shall be addressed to the receiving party's address set forth in Section 10.1 of the Series B Securities Purchase Agreement or to such other address as a party may designate by notice hereunder, and shall be either (i) delivered by hand, (ii) made by telecopy or facsimile transmission, (iii) sent by recognized national overnight courier service, or (iv) sent by registered mail, return receipt requested, postage prepaid.
Off-Shore shall have delivered to the Company, and the Company shall have delivered to the Purchaser copies of, all documents necessary to evidence the conversion, exchange and payment in full of the Off-Shore Debt into and for the shares of Series B Preferred Stock to be purchased by Off-Shore under the Off-Shore Series B Securities Purchase Agreement and the termination of all agreements and instruments relating to the Off-Shore Debt, all which documents shall reasonably be satisfactory to the Purchaser.