Examples of Deferred Closing in a sentence
Pursuant to the terms of the Investor Rights Agreement, prior to the Deferred Closing Date, for so long as CK Wheels LLC holds shares of Class A Common Stock, neither it nor the Reporting Person named above shall have voting rights with respect to any shares of Class A Common Stock in excess of 19.9% of the issued and outstanding voting stock of the Issuer.
Following the Deferred Closing Date, pursuant to the terms of the Investor Rights Agreement and the Issuer Charter Documents, for so long as the CK Wheels LLC holds shares of Class A Common Stock, neither it nor the Reporting Person named above shall have voting rights with respect to any shares of Class A Common Stock in excess of 24.9% of the issued and outstanding voting stock of the Issuer.
LivaNova shall cause each director of a Transferred Subsidiary to resign in such capacity effective as of the Initial Closing, or if applicable the Deferred Closing, other than individuals who also serve as officers of the Transferred Subsidiaries or are Transferred Employees.
Neither this percentage nor the shares listed above include shares of Class A Common Stock to be issued by the Issuer on the Deferred Closing Date.
Following the Closing, no member of the Xxxxxxx Group, Deferred Business or any Emerson Contributed Subsidiary shall have any further rights or liabilities thereunder, and this Agreement shall be the sole Tax sharing agreement between the members of the Xxxxxxx Group, on the one hand, and the members of the Newco Group (including the Emerson Contributed Subsidiaries and, following the applicable Deferred Closing, the Deferred Businesses), on the other hand.