Subsequent Investors definition
Examples of Subsequent Investors in a sentence
Investors that make a Capital Commitment prior to any Subsequent Closing will not be required to fund Drawdown Purchases on a Drawdown Date until all Subsequent Investors have made their entire Catch-up Purchase.
Investors that make a Capital Commitment prior to any Subsequent Closing will not be required to fund Drawdown Purchases on a Drawdown Date until all Subsequent Investors have made their entire Catch-Up Purchase.
The Subscriber further acknowledges and agrees that Other Investors and Subsequent Investors may elect to purchase Shares on a Capital Commitments Issuance Basis under Other Subscription Agreements and that nothing herein prohibits the Fund from accepting such Other Subscription Agreements or the cash proceeds with respect thereto and issuing Shares to such Other Investors or Subsequent Investors in connection therewith.
The purchase price per Preferred Share at each such Additional Closing shall be equal to the Purchase Price and the aggregate purchase price for all of the Preferred Shares to be purchased by the Subsequent Investors shall not exceed Seven Million Dollars ($7,000,000).
Such Subsequent Investors shall be considered "Investors" for all purposes hereof and all shares of capital stock of the Company held by such Investors shall be deemed to be "Shares" for all purposes hereof.
The Equalisation Amount and Equalisation Interest shall be distributed to Previous Investors pro rata to their respective Outstanding Loans as soon as is practicable after receipt from Subsequent Investors.
On each such Additional Closing Date, subject to the satisfaction (or waiver) of the conditions set forth in Sections 6 and 7 below, the Company shall issue and sell to each Subsequent Investor purchasing Preferred Shares on such Additional Closing Date and each Subsequent Investor purchasing Preferred Shares on such Additional Closing Date severally agrees to purchase from the Company, such number of Preferred Shares as is set forth on such Subsequent Investor's signature page hereto.
The purchase of the Preferred Shares by the Subsequent Investors may take place at one or more Additional Closings; PROVIDED, however, that no Additional Closing may occur after June 19, 1997 or if the additional conditions set forth in Section 1(f) hereof for such Additional Closing are not satisfied.
Unless the Fund determines otherwise, in its sole discretion, Investors that make a Capital Commitment prior to any Subsequent Closing will not be required to fund Drawdown Purchases on a Drawdown Date until all Subsequent Investors have made their entire Catch-Up Purchase.
With respect to an Additional Closing, “Closing Date” shall be deemed to refer to the applicable Additional Closing Date, “Closing” shall be deemed to refer to the applicable Additional Closing, “Investor” shall be deemed to refer to the applicable Subsequent Investor individually and “Investors” shall be deemed to refer to the applicable Subsequent Investors collectively.