Examples of Company Option Securities in a sentence
If the Company elects to purchase any or all of such Company Option Securities, it shall be obligated to purchase, and the Warrantholder shall be obligated to sell to the Company, such Company Option Securities at the price and terms indicated in the Offer within thirty (30) days from the date of delivery by the Company of such counter-notice.
If any or all of such Company Option Securities are not sold pursuant to an offer within the time permitted above, the unsold Company Option Securities shall remain subject to the terms of this Agreement.
Upon receipt of the Notice, the Company shall have an assignable option to purchase any or all of such Securities (the "Company Option Securities") specified in the Notice, such option to be exercisable by giving, within thirty (30) days after receipt of the Notice, a written counter-notice to the Transferor.
If any or all of such Company Option Securities are not sold pursuant to an Offer within the time permitted above, the unsold Company Option Securities shall remain subject to the terms of this Agreement.
As of March 26, 1999, (i) approximately 4,186,941 shares of Common Stock were issued and outstanding, all of which were validly issued, fully paid and nonassessable, (ii) no shares of Common Stock were held in the treasury or by its Subsidiaries and (iii) approximately 677,650 shares of Common Stock were reserved for future issuance upon exercise of Company Option Securities.
There are no rights, agreements, arrangements or commitments of any character to which such Securityholder is a party relating to the pledge, disposition or voting of any shares of capital stock of Company or any of its Subsidiaries that are owned by such Securityholder or which may be issued to such Securityholder upon exercise of Company Option Securities, and there are no voting trusts or voting agreements with respect to any of such shares or securities.
Upon receipt of the Notice, the Company shall have an assignable option to purchase any or all of such Securities (the "Company Option Securities") specified in the Notice, such option to be exercisable by giving, within thirty (30) days after receipt of the Notice, a written counternotice to the Transferor.
Company hereby waives any and all transfer restrictions applicable to any and all Company Common Stock and Company Option Securities held by any of the Securityholders in connection with the transfer thereof to Acquiror Parent or Acquiror pursuant to the Option (as defined in the foregoing Voting, Option and Securities Purchase Agreement).
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At the closing, the Acquiror shall pay the Securityholders the aggregate purchase price specified above for Company Common Stock and Company Option Securities in immediately available funds by wire transfer to bank accounts designated by the Securityholders.