Examples of Supporting Stockholder in a sentence
In connection with DoorDash, Wolt and the Securityholder Representative entering into the Amendment, each Supporting Stockholder entered into an acknowledgement agreement with respect to the amendment of the Share Purchase Agreement.
See Item 5 of this Schedule 13D for additional information concerning holdings of the Supporting Stockholder and his relationship to Chris Kemp.
Each Supporting Stockholder hereby waives, and agrees not to exercise, any right to dissent or appraisal or any similar provision under applicable Laws (including pursuant to Section 262 of the DGCL) in connection with the Contemplated Transactions.
Each Supporting Stockholder also granted Parent an irrevocable proxy with respect to the foregoing.
This Agreement (a) constitutes the entire agreement, and supersedes all prior agreements and understandings, both written and oral, between the parties with respect to the matters related herein and (b) is not intended to confer upon any Person other than the parties any rights or remedies; provided, however, that the Lender is an express third-party beneficiary of this Agreement and may directly enforce each of the covenants and agreements of the Supporting Stockholder under this Agreement .
The Supporting Stockholder beneficially owned, in the aggregate, 935,073 Shares, which represented approximately 12.7% of BioSpecifics’ total outstanding Shares based on 7,344,955 outstanding Shares as of October 28, 2020.
To the extent that any Supporting Stockholder becomes the beneficial owner of any additional Shares, such Shares will become subject to the terms of the Voting Agreement.
Lilly owns a non-controlling limited partnership interest, which represents approximately 45% of the economic interest, in INext Fund, L.P., a fund of funds that owns non-controlling limited partnership interests in investment funds that own Shares, including a non-controlling limited partnership interest in OrbiMed Private Investments IV, L.P., which is a Supporting Stockholder (as defined below).
All of the Existing Shares are, as of the date hereof, held directly by the Supporting Stockholder.
Notwithstanding the foregoing, each Supporting Stockholder is permitted to participate in discussions and negotiations with respect to a possible voting and support agreement in connection with an Acquisition Proposal in the event that the Issuer becomes permitted to take certain actions in response to an Acquisition Proposal pursuant to the Merger Agreement.