Deposit Payment Date definition
Examples of Deposit Payment Date in a sentence
The Deposit Account will secure the obligation of the Holders to acquire from the Company shares of its Common Stock at the election of the Company on each Deposit Payment Date, as set forth herein.
A list of the Holders of Record, including the number of shares of Preferred Stock held by each such Holder, shall be delivered to the Deposit Agent by the Company or its transfer agent or registrar at least 5 days prior to each Deposit Payment Date.
The Deposit Agent shall transfer to Holders of Record on the next Deposit Payment Date or Deposit Expiration Date any portion of such Quarterly Return Amount as is not utilized to purchase Common Stock from the Company.
If the Company elects to so terminate the Deposit Account, the Preferred Stock will begin to accrue dividends from the last Deposit Payment Date preceding such election.
Upon signature of an agreed Scope of Work or Work Order, OXB shall invoice Client for the applicable deposit for each Manufacturing Slot set out in the Scope of Work or Work Order, and Client will pay such Manufacturing Slot Deposit on or before the Manufacturing Slot Deposit Payment Date.
Without limiting its other rights or remedies, the Company may by written notice terminate this Contract with immediate effect if: a Deposit is payable and the Buyer has not paid the Deposit to the Company on or before Deposit Payment Date in accordance with Clause 3; or regardless of whether or not any Deposit has been paid, the Buyer has not complied in full with any other payment obligation in Clause 3.
The Quarterly Return Amount or, if a Direction Notice has been delivered by the Company, Common Stock, shall be paid or delivered to the Holders of record of the Preferred Stock, as they appear on the Company's stock register 10 business days prior to each Deposit Payment Date.
A list of the Holders of Record, including the number of shares of Preferred Stock held by each such Holder, shall be delivered to the Deposit Agent by the Company or its transfer agent or registrar at least five business days prior to each Deposit Payment Date.
The Deposit Fund shall be invested as provided on EXHIBIT B to be attached at the closing of the Offering and which will provide sufficient funds without any further investment by the Company to cover the aggregate Quarterly Return Amount due on the outstanding Preferred Stock, as such Quarterly Return Amount becomes due, for each Deposit Payment Date (as defined below).
The Deposit Fund shall be invested as provided on Exhibit B to be attached at the closing of the Offering (and which may be amended by delivery by the Company of a revised Exhibit B in the event of the issuance of the Additional Shares), which investment will provide sufficient funds, without any further investment, to equal the aggregate Quarterly Return Amounts due on the outstanding Preferred Stock, as such Quarterly Return Amounts become due, on each Deposit Payment Date.