Examples of Transferring Seller in a sentence
The consideration to be received by the Tag-Along Party shall be the same form and amount of consideration per Tag-Along Security to be received by the Transferring Seller, and the terms and conditions of the Tag-Along Sale shall be the same as those upon which the Transferring Seller sells its Tag-Along Securities.
Without limiting the generality of the foregoing, in connection with the consummation of the Merger, each Transferring Seller and Parent shall have the right to specifically enforce the Exchange.
Subject to any restrictions on Transfer under applicable Law, each Transferring Seller agrees that it will not Transfer, in the aggregate, in excess of 25% of the Parent Shares issued to such Transferring Seller pursuant to this Agreement prior to the close of trading on the one-year anniversary of the Exchange Effective Time.
Such Transferring Seller understands that the Parent Shares have not been registered under the Securities Act, by reason of a specific exemption from the registration provisions of the Securities Act which depends upon, among other things, the bona fide nature of the investment intent and the accuracy of such Transferring Seller’s representations as expressed in this Section 1(b)(vi).
Such Transferring Seller owns beneficially and of record the number of shares of Target Common Stock set forth opposite such Transferring Seller’s name on Exhibit A, free and clear of all Liens other than restrictions on transfer generally arising under applicable securities Laws.
Such Transferring Seller, if an entity, is duly organized, validly existing, and in good standing under the Laws of its jurisdiction of organization.
No such Transferring Seller is in breach of any of its Organizational Documents.
No certificates for fractional interests in Buyer’s common stock will be issued; in lieu thereof, each Transferring Seller otherwise entitled to a fractional interest after taking into account all shares to be received by such Transferring Seller will receive an amount in cash equal to the value of such fractional interest and will have no other rights with respect to such fractional interest.
Such Transferring Seller has all necessary power and authority to execute and deliver this Agreement and to perform its obligations hereunder.
Xxxxxxxxx If to any Transferring Seller: To the address set forth opposite such Transferring Seller’s signature on the signature pages hereto.