Deferred Equity definition

Deferred Equity. Rights shall mean all warrants and stock options (including the Issued Warrants and the Issued Stock Options), convertible bonds, subscriptions or other securities granting the right, by conversion, exchange, reimbursement or otherwise, to subscribe to or to purchase any of the authorized or outstanding securities of the relevant company. Previously issued Deferred Equity Rights that may have terminated or are void shall not be considered "Deferred Equity Rights" for purposes of this Agreement. EMU Compliant shall have the meaning set forth in SECTION 4.21 of this Agreement.
View Source

Examples of Deferred Equity in a sentence

  • The Deferred Equity has been duly authorized and reserved for issuance and when issued and paid for, will be validly issued, fully paid and non-assessable; the Deferred Equity is not and will not be subject to the preemptive rights of any holders of any security of the Company or similar contractual rights granted by the Company; and all corporate actions required to be taken for the authorization, issuance and sale of the Deferred Equity has been duly and validly taken.

  • Pursuant to Rule 5110(e)(1) of FINRA’s rules, the Deferred Equity is subject to a lock-up for a period of one hundred eighty (180) days immediately following the commencement of sales in the offering during which the securities may not be sold, transferred, assigned, pledged or hypothecated, or be subject of any hedging, short sale, derivative or put or call transaction that would result in the economic disposition of the securities.

  • Chardan may waive its right to receive the Deferred Equity by notifying the Company in writing at any time prior to the consummation of a Business Combination, in which case the Deferred Equity will be cancelled.

  • In the event that the Company is unable to consummate a Business Combination, Chardan agrees that any rights or claims to any Deferred Equity shall be forfeited.

  • The Deferred Underwriting Commission is due and payable, and the Deferred Equity (as defined in Section 1.3.2) is issuable, only to Chardan.

  • Upon the consummation of a Business Combination, the Company agrees that it will cause the Trustee to pay the Deferred Underwriting Commission directly from the Trust Account to Chardan, in accordance with Section 1.3.1 and the Company shall issue the Deferred Equity to Chardan, in accordance with Section 1.3.2.

  • For a period equal to seven (7) years from the date hereof, the Company will not take any action or actions which may prevent or disqualify the Company’s use of Form S-1 (or other appropriate form) for the registration of the Representative’s Common Stock and the Deferred Equity under the Act.

  • Any Deferred Equity will be fully earned by each Underwriter upon the payment of the purchase price for the Units purchased by such Underwriter at the Closing (or, with respect to Deferred Equity related to the Option Units, the payment of the purchase price for those Units at any Option Closing) and will be paid if and when the Company consummates a Business Combination without any further conditions.

  • The Company will reserve and keep available that maximum number of its authorized but unissued securities which are issuable as the Representative’s Common Stock and the Deferred Equity, and upon conversion of Rights, the Placement Rights and the Additional Placement Rights outstanding from time to time.

  • The Company shall deliver to Chardan (and/or its designee(s)) upon the consummation of the Business Combination, certificates for the Deferred Equity in the name or names and in such authorized denominations as Chardan may request.