Blue Ant definition
Examples of Blue Ant in a sentence
Each of Blue Ant hereby irrevocably and unconditionally agrees that the certificates or other instrument or documentation evidencing its respective Lock- Up Shares shall bear a legend indicating in form and substance that such shares are subject to the terms and provisions of this Lock-Up Agreement.
Upon receipt of notice from Blue Ant requiring the removal of the Blue Ant Nominee pursuant to this Section 2.1(b), EGLX shall procure that the Board (i) promptly takes commercially reasonable efforts to effect such removal and (ii) appoints another person designated by Blue Ant in place of such Blue Ant Nominee within five (5) Business Days following the date such Blue Ant Nominee is so removed.
So long as a Blue Ant Nominee serves as a member of the Board, such Blue Ant Nominee shall be entitled, but not obligated, to serve on each committee of the Board (including executive (if any), audit, compensation, nomination and governance and any special committee formed by the Board for any reason) provided that the Blue Ant Nominee satisfies the eligibility criteria under applicable law for such committee.
The representations and warranties set out in Section 3.1 shall survive the Closing of the purchase and sale of the Purchased Blue Ant Shares herein provided for, and notwithstanding such Closing, shall continue in full force and effect for the benefit of the Shareholder without limitation of time.
The Shareholder irrevocably offers to exchange the number of Blue Ant Shares held by the Shareholder set out at section 1 of Schedule “A” as part of Phase 1 of the Share Offer (the “Phase 1 Blue Ant Shares”) for Enthusiast Shares at the Exchange Ratio.
Blue Ant has offered (the “Share Offer”) holders of its shares the opportunity to exchange such shares for common shares (“Enthusiast Shares”) of Enthusiast Gaming Holdings Inc.
For purposes of this Agreement, if at any time Blue Ant ceases to satisfy subparagraph (i) of the Director Thresholds, Blue Ant will be deemed not to be below the Director Threshold for a period of 30 days, during which period Blue Ant will be entitled to acquire Shares to bring its holdings of the outstanding Shares to meet subparagraph (i) the Director Threshold.
Other than Blue Ant Commissioning USA LLC and Blue Ant Studios USA LLC, each of which will be transferred to an Affiliate of the Seller prior to the Closing Date as part of the Non-Gaming Reorganization, as of the Closing Date, the Corporation will have no Subsidiaries and will hold no securities or other ownership, equity or proprietary interests in any other Person.
Notwithstanding any of the Lock-Up Restrictions, Blue Ant shall retain and have the right to exercise all voting rights, if any, attached or relating to its respective Lock-Up Shares.
Any notices to be sent to the Shareholder hereunder by Blue Ant shall be validly sent if sent to the email address of the Shareholder indicated on Schedule “A”.