Examples of Successful Offering in a sentence
If the Issuer declines to extend the Offering Deadline, or if the Successful Offering has not occurred prior to the extended Offering Deadline, the applicable Principal shall be returned to each Investor and all obligations of the parties under this Agreement shall terminate.
If the Company is not able to conduct and complete a Successful Offering, then the Company shall have the right to terminate this Agreement as provided for in paragraph 7 hereof.
Unless Cope provides Xxxxxx with written notice within ten (10) days following the deadline (September 14, 1999) for the Successful Offering that he is waiving his rights under the Cope Right of Termination, then the Option shall automatically terminate and be of no further force or effect ("Option Continuation Notice").
If Cope provides Xxxxxx with the Option Continuation Notice, then the Option shall continue in full force and effect in accordance with the provisions of this Agreement notwithstanding the Company's inability to achieve the Successful Offering.
Subject to the above requirement for a Successful Offering, for each share sold in the Private Offering Xxxxxx shall be entitled to .1875 warrants (each whole warrant representing the right to purchase one share of stock) rounded to the nearest whole number of warrants up to a maximum of 80,000 warrants and underlying shares of the Company's restricted Common Stock (the "Warrants").
Notwithstanding anything herein to the contrary, in the event that the Successful Offering has not occurred, then Cope shall be entitled in his sole and absolute discretion and election, but shall not be obligated, to terminate the Option without further obligation under this Agreement in respect of such Option ("Cope Right of Termination").
The state agency will evaluate the impact on participants and the preventive procedures the store intends to take in order to decide if the store will be allowed to pay a civil monetary penalty fine rather than being disqualified.
Upon a Successful Offering, Issuer will promptly satisfy, out of the Proceeds held in the Escrow Account, (a) the CFMD Commissions and (a) Offering Fees due to CFMD.
Once a Successful Offering is concluded and the Securities have been issued, CFMD shall have no obligation or liability with respect to the management, disposal, or any other aspect of the Securities.
CFMD will use commercially reasonable efforts to provide Issuer a list of Investors and a full accounting of the Successful Offering within ninety (90) calendar days of the Closing Date or Extended Closing Date.