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.
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).
If the Subsequent Investors do not choose to invest in the Series D round or if the Existing Shareholders do not invest the full US$12.5 million, then the Investor will be required to purchase additional Series D Preferred Shares at the same purchase price, as necessary to assure that the aggregate amount invested in InSightec shall be at least $50 million.
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 Company shall at all times maintain directors and officers insurance coverage covering the Representative(s) and provide for indemnification of all of the directors and officers under its Bylaws and by agreement satisfactory to the Investors and the Subsequent Investors.
Any right granted to a Holder or Subsequent Investor pursuant to this section 3 may be waived as to all Holders or Subsequent Investors entitled to such right by a majority of the sum of (a) number of the outstanding shares of Common Stock held by the Holders or Subsequent Investors, as the case may be, who are entitled to such right, plus (b) the number of shares of Common Stock issuable upon conversion in full of all shares of outstanding Preferred Stock then held by such Holders or Subsequent Investors.
Investors that make a Capital Commitment prior to any Subsequent Closing will not be required to fund Drawdown Purchases (as defined below) on a Drawdown Date (as defined below) until all Subsequent Investors have made their entire Catch-up Purchase.
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.
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.