Series G Units definition
Examples of Series G Units in a sentence
Purchaser has carefully considered and has, to the extent Purchaser deems necessary, discussed with Purchaser’s professional legal, tax, accounting and financial advisers the suitability of its investment in the Series G Units.
Purchaser: (i) understands and acknowledges that the Series G Units being issued to Purchaser have not been registered under the 1933 Act, nor under the securities laws of any state, nor under the laws of any other country and (ii) recognizes that no public agency has passed upon the accuracy or adequacy of any information provided to Purchaser or the fairness of the terms of its investment in the Series G Units.
On the date hereof, ▇▇▇▇▇▇ and ▇▇▇▇▇, LLP, counsel for the Company, shall have delivered to Purchaser a usual and customary opinion, substantially in the form attached hereto as Exhibit A, with respect to the issuance of the Series G Units purchased hereby.
On or promptly following the date hereof, the Company shall deliver to Purchaser, in accordance with this Agreement, certificates representing the shares of Series G Preferred Stock and shares of Common Stock of which the Series G Units are comprised.
On the date hereof, Purchaser hereby agrees to purchase from the Company, and the Company agrees to sell to Purchaser, 2,000 Series G Units for aggregate consideration of $2,000,000.00 (the “Consideration”).
Notwithstanding anything to the contrary herein, if Purchaser elects to exchange its Series G Units pursuant to this Section 6, it hereby agrees that PCA Holdings shall have the right to enter into such agreements, make such amendments hereto and take such other actions on behalf of Purchaser in order to give effect to this Section 6.
Notwithstanding anything to the contrary herein, if Purchaser elects to exchange its Series G Units pursuant to this Section 6, it shall have the right to enter into such agreements, make such amendments hereto and take such other actions in order to give effect to this Section 6.
On and after the date of redemption, distributions will cease to accumulate on the Series G Units or portions thereof called for redemption, unless the Partnership defaults in the payment thereof.
The Series G Units may be vested (the “Vested Series G Units”) or unvested (the “Unvested Series G Units”).
Profits and Losses for each fiscal year of the Partnership or portion thereof shall be allocated to each holder of Series G Units based on such holder’s Percentage Interest.