Examples of Xxxxxxx Shares in a sentence
The Xxxxxx Xxxxxxx Funds previously made an initial public offering of Xxxxxx Xxxxxxx Shares; therefore, Company is not making a public offering of its Shares.
Notwithstanding the foregoing, Company represents that, to the best of its knowledge, and as provided under the Xxxxxx Xxxxxxx Agreement, a registration statement under the 1933 Act was filed and all appropriate state securities law filings were made with respect to all Xxxxxx Xxxxxxx Shares offered for sale except for any Xxxxxx Xxxxxxx Shares which were offered in a transaction or series of transactions which were exempt from the registration requirements of the 1933 Act and state securities laws.
For example, if the effective conversion rate is $1.80/(pound) 1 and the Total Purchase Price is $8,000,000, then the number of Xxxxxxx Shares the Target Company will receive shall equal the $8,000,000/$1.80, or 4,444,444 Xxxxxxx Shares.
The number of Xxxxxxx Shares to be issued will be based on the conversion rate of the British Pound Sterling to the US Dollar in effect as of the close of business on the day preceding the Closing Date, as quoted by Xxxxxx & Co. as the commercial rate it gives to purchase US Dollars.
Seller is the record and sole beneficial owner of the Xxxxxxx Shares and, when sold and paid for in accordance with this Agreement, Seller shall transfer to Purchaser all of Seller’s right, title and interest in and to the Xxxxxxx Shares, free and clear of all Liens, other than restrictions on transfer under the Securities Act.