Examples of Subject Preferred Shares in a sentence
Locked-Up Holders party hereto beneficially owning more than two-thirds of the Subject Preferred Shares may from time to time agree in writing that certain expenses to be incurred in connection with their respective investments in the Preferred Stock shall be “Joint Expenses” for purposes of this Section 17.
In furtherance of this Agreement, the Stockholder shall and does hereby authorize and request that the Company instruct its transfer agent to enter a stop transfer order, consistent with the terms of this Agreement and subject to such transfers as may be permitted by the express terms hereof, with respect to all of the Subject Preferred Shares beneficially owned by the Stockholder.
There is no litigation, arbitration proceeding, governmental investigation, citation or action of any kind pending or, to the knowledge of the Stockholder, proposed or threatened that seeks restraint, prohibition, damages or other relief in connection with this Agreement or the consummation of the transactions contemplated hereby or that otherwise might impair the Subject Preferred Shares.
The Purchase Price is an amount equal to the fair market value of the Subject Preferred Shares on the date hereof.
Neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by any of the parties hereto, in whole or in part (whether by operation of law or otherwise), without the prior written consent of the other parties, and any attempt to make any such assignment without such consent shall be null and void, except any assignment in connection with any Transfer of the Subject Preferred Shares permitted by this Agreement.
The Subject Preferred Shares represent all of the shares of the Company Series A Preferred Stock owned by the Stockholder, as of the date hereof.
The Stockholder has not appointed or granted any proxy inconsistent with this Agreement, which appointment or grant is still effective, with respect to the Subject Preferred Shares.
The Stockholder holds of record and owns beneficially and will hold of record and own beneficially through the date this Agreement is terminated pursuant to Section 6.1 herein the Subject Preferred Shares, free and clear of any restrictions on transfer (other than restrictions under applicable securities laws), Liens, options, warrants, purchase rights, contracts, commitments, equities, claims and demands, except as provided in this Agreement.
Partners Value SplitPartners Value Split is authorized to issue an unlimited number of Class A preferred shares and Class AA preferred shares.
Immediately upon the delivery of the Subject Preferred Stock to the Issuer or any Affiliate of the Issuer or upon the settlement or termination of any TRS Transaction, the Issuer or such Affiliate of the Issuer will cancel the Subject Preferred Shares upon such delivery, settlement or termination.