Yucaipa Warrant definition
Examples of Yucaipa Warrant in a sentence
Each Yucaipa Affiliate represents to the Investors that, as of the Acquisition Date, except for 2,934,909 shares of Common Stock owned collectively by the Yucaipa Affiliates, the Yucaipa Warrant, limited partnership interests in Crescent Shared Opportunity Fund II, L.P., and options to purchase 109,784 shares of Common Stock owned collectively by Darrxx X.
The current support systems which are in place when people return from overseas are not sufficient and there is a feeling of frustration on the part of the individuals as they do not know how to translate this energy and momentum into a longer term career.
Each of the Stockholders shall, and shall cause its respective officers, directors, employees, and representatives and agents to immediately cease any existing discussions or negotiations, if any, with any parties conducted heretofore with respect to any Alternative Transaction or the sale of any Subject Shares, or with respect to Yucaipa, the Yucaipa Warrant.
Upon the purchase of the Yucaipa Warrant and payment of the purchase price therefor in accordance with the provisions of this Section 7.15, Yucaipa shall cease to have any rights with respect to the Yucaipa Warrant.
Notwithstanding the foregoing, each Stockholder shall have the right to Transfer Subject Shares and, with respect to Yucaipa, the Yucaipa Warrant to any Affiliate upon the due execution and delivery to Parent by such transferee of a legal, valid and binding counterpart to this Agreement so long as any such Transfer is not intended to circumvent the provisions of this Agreement.
In such event the Yucaipa Warrant shall be returned to Yucaipa and the Warrant Option Price shall be returned to Parent.
Upon the purchase of the Yucaipa Warrant and payment of the purchase price therefor in accordance with the provisions of this Section 6, Yucaipa shall cease to have any rights with respect to the Yucaipa Warrant.
At the earlier of the Offer Consummation Date and the Effective Time, Parent or Merger Sub shall purchase from Yucaipa the Yucaipa Warrant for an amount equal to the product of (i) the difference between the Price Per Share and the per share exercise price thereof ($20.73 as of the date hereof) multiplied by (ii) the number of shares of Common Stock underlying the Yucaipa Warrant (3,874,492 as of the date hereof).
The transfer restrictions with respect to the Yucaipa Warrant set forth herein shall terminate and be of no further force and effect upon the earlier to occur of the following: (i) the Warrant Termination Date and (ii) the expiration of the Option Exercise Period without Parent having duly delivered the Option Exercise Notice in accordance with Section 19(b).
As of October 8, 1998, (i) 1,205,438 shares of Voting Common Stock and no shares of Non-Voting Stock were reserved for issuance and issuable upon or otherwise deliverable in connection with the exercise of outstanding Company Stock Rights and (ii) 3,874,492 shares of Voting Common Stock were reserved for issuance and issuable upon or otherwise deliverable in connection with the exercise of the Yucaipa Warrant.