Assignment by Buyer. Notwithstanding anything herein to the contrary, from the date hereof until the Closing Date, Buyer may assign to any of its controlled affiliates (collectively, the “Permitted Assignees”), the right to purchase any portion of the Units (the “Assigned Units”). In the event of such an assignment, such Permitted Assignees will assume Buyer’s obligations under this Agreement in regards to the Assigned Units. Each Permitted Assignee will pay to the Company at the Closing an amount equal to the product of the Per Unit Price and the number of Assigned Units to be purchased by such Permitted Assignee, and will be bound by the restrictions imposed on the Assigned Units by this Agreement, including the restrictions set forth in Section 5.2 hereof. Each Permitted Assignee will execute a counterpart signature page to this Agreement, agreeing to be bound by the provisions of this ARTICLE V. At the Closing, the Company will deliver to such Permitted Assignees the certificates representing the Assigned Units.
Appears in 3 contracts
Samples: Investment Securities Purchase Agreement, Co Investment Securities Purchase Agreement (Heckmann CORP), Co Investment Securities Purchase Agreement (Heckmann CORP)
Assignment by Buyer. Notwithstanding anything herein to the contrary, from the date hereof until the Closing Date, Buyer may assign to any of its controlled affiliates (collectively, the “Permitted Assignees”), the right to purchase any portion of the Units Shares (the “Assigned UnitsShares”). In the event of such an assignment, such Permitted Assignees will assume Buyer’s obligations under this Agreement in regards to the Assigned UnitsShares. Each Permitted Assignee will pay to the Company at the Closing an amount equal to the product of the Per Unit Share Price and the number of Assigned Units Shares to be purchased by such Permitted Assignee, and will be bound by the restrictions imposed on the Assigned Units Shares by this Agreement, including the restrictions set forth in Section 5.2 hereof. Each Permitted Assignee will execute a counterpart signature page to this Agreement, agreeing to be bound by the provisions of this ARTICLE V. At the Closing, the Company will deliver to such Permitted Assignees the certificates representing the Assigned UnitsShares.
Appears in 3 contracts
Samples: Private Placement Purchase Agreement (Global Defense & National Security Systems, Inc.), Private Placement Purchase Agreement (Global Defense & National Security Systems, Inc.), Private Placement Purchase Agreement (Global Defense & National Security Systems, Inc.)
