Examples of Vertex Europe in a sentence
Vertex US may be deemed to have beneficial ownership over such shares since Vertex Europe is an indirect wholly-owned subsidiary of Vertex US.
Likewise, the Act limits the amount of compensation for use of the aircraft for a particular flight to only expenses for owning, operating, and maintaining the aircraft related to that training, checking, or testing flight.The instructor providing the trainingmay receive compensation for their services but may not provide the aircraft.
Amount consists of 5,380,940 Common Shares held by Vertex Europe.
Item 6 is hereby amended and supplemented by the addition of the following: Vertex US and Vertex Europe (together, “Vertex”) entered into a Standstill Agreement, dated June 6, 2019, with the Company on customary terms, pursuant to which, among other customary provisions, Vertex agreed not to acquire, directly or indirectly, any equity securities of the Company if such acquisition would increase Vertex’s beneficial ownership percentage of the Company’s equity securities to 12% or more.
Effective as of the date hereof, Vertex Europe and Vertex Ireland shall each be a “Designated Foreign Borrower” hereunder and may receive Loans and have Letters of Credit issued for its account as a Designated Foreign Borrower on the terms and conditions set forth in this Agreement.
As Vertex Europe is an indirect wholly-owned subsidiary of Vertex US, Vertex US beneficially owns the same 5,250,000 Shares.
To the knowledge of Vertex Europe and Vertex US, no director or officer of either Vertex Europe or Vertex US, respectively, beneficially owns any Shares.
Source or Amount of Funds or Other Consideration.In October 2016, Vertex Europe acquired 2,472,301 Shares issued upon conversion of preferred stock in the Company’s initial public offering and acquired an additional 714,285 Shares from the Company in the initial public offering.
To the knowledge of Vertex Europe and Vertex US, no director or officer of either Vertex Europe or Vertex US, respectively, beneficially owns any Shares.(b) As Vertex Europe is indirectly wholly-owned by Vertex US, Vertex Europe and Vertex US share voting and investment power over the 5,250,000 Shares.
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.On October 26, 2015, Vertex US and Vertex Europe entered into a Strategic Collaboration, Option and License Agreement (the “Collaboration Agreement”) with the Company.