Third Closing Shares definition
Examples of Third Closing Shares in a sentence
At the Second Closing, the Company shall also deliver to Purchaser a certificate of the Company’s Secretary, dated as of the Second Closing Date, certifying as to the resolutions duly adopted by the necessary vote of the Company’s stockholders authorizing the issuance of the Second Closing Shares, the Third Closing Shares and the Fourth Closing Shares to Purchaser subject to and in accordance with the terms of this Agreement.
The Purchaser shall deliver to the Company via wire transfer or a certified check immediately available funds equal to the Third Closing Subscription Amount and the Company shall deliver to the Purchaser the Third Closing Shares.
Subject to the terms and conditions of this Agreement, at the Third Closing, the Company will issue and sell to Gilead, and Gilead will purchase from the Company, the Third Closing Shares, at a price per share equal to the Third Closing Purchase Price, for an aggregate purchase price equal to the Aggregate Third Closing Purchase Price.
At the Third Closing, the Company shall deliver to each Purchaser its respective pro rata share of the Third Closing Shares (based on such Purchaser’s applicable Subscription Amount relative to the aggregate Third Closing Purchase Price) (such Purchaser’s “Applicable Third Closing Shares”), and the Company and each Purchaser shall deliver the other items set forth in Section 2.2 deliverable at the Third Closing.
The Third Closing Shares shall be allocated ratably, including fractional shares, to each Lender Shareholder according to aggregate principal amount of each such Lender Shareholder’s outstanding Loans as of the Third Closing Date.