Examples of First Tranche Shares in a sentence
Provided that all closing conditions for the First Tranche Closing (as defined in the Equity Agreements) that are within the reasonable control of Intrexon have been satisfied or waived, the issuance of the First Tranche Shares (as defined in the Equity Agreements) is a condition subsequent to the effectiveness of this Agreement.
The Company shall apply the proceeds of the subscription by the Investors for the [New Shares] [First Tranche Shares and Second Trance Shares] [Note: amend as appropriate] in the furtherance of the Business in accordance with the Business Plan and the Budget.
Intrexon acknowledges that the First Tranche Shares, Second Tranche Shares and Upfront Purchase Shares are restricted securities and must be held indefinitely unless subsequently registered under the Securities Act or the Company receives an opinion of counsel reasonably satisfactory to the Company that such registration is not required.
Details provided in the chart above indicating the shareholding structure of LSD and eSun after the Settlement do not take account of the effect of the exercise in full by the Bondholders of their rights to put the First Tranche Shares and the Second Tranche Shares to Mr. Peter Lam.
Notwithstanding the foregoing, the Purchaser shall be entitled to receive from the Company new certificates for the same number of First Tranche Shares and Second Tranche Shares not bearing such legend upon the request of the Purchaser at such time as such restrictions are no longer applicable.