Examples of Additional Investment Right Securities in a sentence
The Company covenants that all Additional Investment Right Securities which may be issued upon the exercise of the purchase rights represented by this Additional Investment Right will, upon exercise of the purchase rights represented by this Additional Investment Right, be duly authorized, validly issued, fully paid and nonassessable and free from all taxes, liens and charges in respect of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with such issue).
The Company shall honor exercises of the Warrants, conversions of the Debentures and exercises of the Additional Investment Rights and conversions of the Additional Investment Right Securities and shall deliver the Additional Investment Securities and the Underlying Shares in accordance with the terms, conditions and time periods set forth in the Transaction Documents.
The original Additional Investment Right Securities purchased hereunder shall be delivered to the Holder within 5 Business Days from the delivery to the Company of the Notice of Exercise Form, surrender of this Additional Investment Right and payment of the aggregate Exercise Price as set forth above.
The Additional Investment Right Securities shall be deemed to have been issued, and the Holder or any other person so designated to be named therein shall be deemed to have become a holder of record of such Securities for all purposes, as of the date the Additional Investment Right has been exercised by payment to the Company of the Exercise Price and all taxes required to be paid by the Holder, if any, pursuant to Section 4 prior to the issuance of such Securities, have been paid.
The form of Notice of Exercise included in the Warrants, the form of Notice of Conversion included in the Debentures and the form of Notice of Exercise or Conversion set forth in the Additional Investment Rights and Additional Investment Right Securities set forth the totality of the procedures required of the Purchasers in order to exercise the Warrants, convert the Debentures or convert or exercise the Additional Investment Rights and Additional Investment Right Securities.
No additional legal opinion or other information or instructions shall be required of the Purchasers to exercise the Warrants, convert the Debentures or convert or exercise the Additional Investment Rights and Additional Investment Right Securities.
The form of Notice of Exercise included in the Warrants, the form of Notice of Conversion included in the Debentures and the form of Notice of Conversion set forth in the Additional Investment Rights and Additional Investment Right Securities set forth the totality of the procedures required of the Purchasers in order to exercise the Warrants, convert the Debentures or convert the Additional Investment Rights and Additional Investment Right Securities.
The provisions of this Additional Investment Right are intended to be for the benefit of all Holders from time to time of this Additional Investment Right and shall be enforceable by any such Holder or holder of Additional Investment Right Securities.
An Additional Investment Right, if properly assigned, may be exercised by a new holder for the purchase of Additional Investment Right Securities without having a new Additional Investment Right issued.
The Holder acknowledges that the Additional Investment Right Securities acquired upon the exercise of this Additional Investment Right, if not registered, will have restrictions upon resale imposed by state and federal securities laws.