Examples of Steel Partners in a sentence
By agreeing to meet and confer with the Union as to the impact and the exercise of any of the foregoing AQMD rights, management’s discretion in the exercise of these rights shall not be diminished.
Notwithstanding anything herein to the contrary, the Limited Partnership Interests issued to the General Partner pursuant to Section 5.1(d), shall be freely transferable by Steel Partners II GP LLC to any successor General Partner.
In addition, the Company has agreed to certain “piggyback registration rights.” If the Company registers any securities for public sale, Steel Partners has the right to include its shares in the registration, subject to certain exceptions.
Steel Partners also has the right, until such time as it owns less than one-third of the common stock originally issued to it under the investment agreement, to require that the Company file a prospectus supplement or amendment to cover sales of common stock through a firm commitment underwritten public offering.
The Company agreed to file a resale registration statement on Form S-3 as soon as practicable after it is eligible to do so, covering the shares of common stock purchased by Steel Partners and the shares of common stock issuable upon exercise of the warrants.
In addition, as part of the transaction, the Company issued Steel Partners a warrant to acquire an additional 2,000,000 shares at an exercise price of $5.00 per share.
Selectica Investigates its NOLs In 2006, at the urging of Steel Partners, the Company directed Alan Chinn, its outside tax adviser, to perform a high-level analysis into whether the Company’s NOLs were subject to any limitations under Section 382 of the Internal Revenue Code.
According to Trilogy, because Steel Partners was seeking to turn the Company into an NOL shell for its own purposes, Sems cannot be considered independent with respect to decisions involving the Company’s NOLs. Nevertheless, the record does not support Trilogy’s assertions that Sems was controlled by Howard or Steel Partners.
Moreover, according to Trilogy, Sems should not be considered independent “with respect to the NOLs” because of an alleged undue influence of Howard and Steel Partners over Sems.116An “outside” director has been defined by our courts as “a non-employee and non-management director”117 that “receiv[es] no income other than usual directors’ fees.
The Company has agreed to pay the expenses of Steel Partners in connection with any registration of the securities issued in the Steel Partners investment and to provide customary indemnification to Steel Partners in connection with such registration.