Five Arrows definition
Examples of Five Arrows in a sentence
Five Arrows shall have received properly completed stock certificates representing the number of Shares being purchased by Five Arrows on such Closing Date.
Such proxy statement shall not seek approval of any matters other than the approval described in the preceding sentence and the election of directors, which shall include a nominee designated by Five Arrows, which may be the director designated pursuant to Section 4.4 hereof.
This Agreement, when executed and delivered by Five Arrows, will constitute a valid and legally binding obligation of Five Arrows, enforceable against it in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditor's rights generally and of general principles of equity (regardless of whether considered in a proceeding at law or in equity).
The Five Arrows Director shall be serving as a member of the Board of Directors of CHP.
Prior to the date hereof, the Company has paid $100,000 to Rothschild and shall pay to Rothschild the balance of the Commitment Fee shall be payable on the date on which Five Arrows contributes the initial portion of its Capital Commitment hereunder.
Five Arrows may elect to pay that portion of the Purchase Price required to be paid by Five Arrows at each Closing by wire transfer to either (i) an account designated by CHP within two days before the applicable Closing Date or (ii) an account designated by Hospitality Partners, for the benefit of Hotel Investors and on behalf of CHP, within two days before the applicable Closing Date.
Five Arrows shall deliver written notice to the Company setting forth the net consideration per share of Common Stock and Preferred Stock to be paid in connection with any such Company Sale Transaction and the terms of payment thereof (the "Company Sale Notice") and the Company shall promptly upon receipt thereof deliver a copy thereof to the Remaining Stockholder.
Five Arrows acknowledges that the Shares must be held indefinitely unless subsequently registered under the Securities Act, or unless an exemption from such registration is available.
Five Arrows, by written notice given to CHP in accordance with this Section 9.6, and CHP by written notice to Five Arrows, may change the address to which notices, statements, instruction or other documents are to be sent to such party.
CHP shall have delivered to Five Arrows evidence that the Purchase Price to be paid at any Closing hereunder shall immediately be contributed by CHP to Hospitality Partners who in turn will use such proceeds to fund its capital commitment to Hotel Investors.