Examples of Blocker Shares in a sentence
LR6series60&66cell: LR6-60BP-xxxM,LR6-60HBD-xxxM,LR6-60OPD-xxxM,LR6-66HBD-xxxM; LR6series72&78cell: LR6-72BP-xxxM,LR6-72HBD-xxxM,LR6-72OPD-xxxM,LR6-78HBD-xxxM; LR4series60&66cell: LR4-60HBD-xxxM; LR4series72&78cell: LR4-72HBD-xxxM,LR4-78ZBD-xxxM; LR5series60&66cell: LR5-66HBD-xxxM; LR5series72&78cell: LR5-72HBD-xxxM.
Upon the terms and subject to the conditions set forth in this Agreement, at the Closing, the Blocker Seller shall sell, convey, assign, transfer and deliver to Buyer, and Buyer shall purchase, acquire and accept from the Blocker Seller, all of the right, title and interest in and to the Blocker Shares.
There is no outstanding right, option, warrant, convertible security, purchase or subscription right, conversion right, exchange right or other contract or commitment (other than this Agreement and the Fundamental Documents of each Target Company) that could require such Seller to issue, sell, transfer or otherwise dispose of any portion of the Blocker Shares or Company Units set forth opposite such Seller’s name on Section 6.2 of the Disclosure Schedules.
The consideration payable to the Blocker Seller on the Closing Date for the purchase and sale of the Blocker Shares shall be the Blocker Closing Consideration.
Upon delivery to Buyer of such Blocker Shares or the Company Units, as applicable, at the Closing, Buyer shall acquire good, valid and marketable title to such Blocker Shares or Company Units, as applicable, free and clear of any Lien other than Liens created by Buyer or restrictions under the federal and state securities laws.