ETNT definition
Examples of ETNT in a sentence
No later than (i) the date that the Purchaser makes payment to the Stockholder in full of the Cash Portion and (ii) delivery by the Purchaser to Stockholder of the ETNT Common Stock, Stockholder shall enter into Employment Agreements with the Purchaser, (the "Stockholder's Employment Agreement" to be in substantially the same form as the Employment Agreement between the Purchaser and ▇▇▇▇ ▇▇▇▇▇▇▇).
If Purchaser fails to timely satisfy each of the Payment Conditions within forty-five (45) days of the respective dates provided for herein (PROVIDED, HOWEVER, that the First Cash Payment and the ETNT Common Stock shall be delivered to the Stockholder on the Closing Date), the Stockholder shall be entitled to send a notice (a "NOTICE OF NON-PERFORMANCE") pursuant to this Section 9.3 of this Agreement, and the provisions of Section 9.5 of this Agreement shall apply.
The ETNT Common Stock to be issued pursuant to this Agreement has been duly authorized, and, upon the Closing, will be validly issued, fully paid and non-assessable.
At the Closing, Purchaser shall deliver to Stockholder the First Cash Payment, the working capital infusion referred to in Section 5.5 above shall have been provided by the Purchaser to the Company, and Certificates representing the ETNT Common Stock.
At any time on or prior to December 15, 2000, Stockholder shall be entitled to send a notice (a "LOAN REQUEST") to Purchaser, requesting a loan from Purchaser of up to $175,000, to assist the Stockholder in satisfying any tax liability Stockholder may have associated with the receipt of the ETNT Common Stock.
Purchaser will register the ETNT Common Stock in accordance with Article 8 hereof.
Effective on the payment by Purchaser to Stockholder of the Cash Portion in full, and the payment to the Company by the Purchaser of the working capital payment referred to in Section 5.5 hereof, and upon delivery by Purchaser to the Stockholder of the ETNT Common Stock (the "Payment Conditions"), or sooner at Stockholder's option, Stockholder shall be elected to Purchaser's Board of Directors.
At the Closing, the Stockholder shall deliver to Purchaser certificates representing 27% of the Company Stock, and the Company and the Stockholder shall take all such steps as may be required to put Purchaser in actual possession and control of 27% of the Company Stock, and the Purchaser shall deliver to the Stockholder the First Cash Payment and the ETNT Common Stock.
In the event that the Purchaser grants to any current or future investor or stockholder, registration rights superior to or more favorable than those contained in Article 8, the Purchaser shall also grant such superior or more favorable registration rights to the Stockholder with respect to the ETNT Common Stock acquired pursuant hereto.
The authorized capital stock of Purchaser consists of 1,000,000 shares of preferred stock, none of which are outstanding, and 50,000,000 shares of common stock, of which 12,672,709 shares are outstanding at March 31, 2000 (including the ETNT Common Stock issued to Stockholder).