Hoche definition
Examples of Hoche in a sentence
The Debt Conversion shall not have resulted in the Category Four Lenders aggregately holding more than (i) 9.23% of the Company’s issued and outstanding shares of capital stock or, (ii) if the Hoche Warrant has been exercised in full, 8.65% of the Company’s issued and outstanding shares of capital stock.
As of the Effective Date, the Company has issued (i) 23,375,000 warrants that are outstanding, each entitling their holders to purchase one Ordinary Share at an exercise price of US$11.50 per share; and (ii) the Hoche Secured Convertible Notes convertible into Ordinary Shares and the Hoche Warrant.
Only if and to the extent required for the Board to always have a majority of its members qualify as Independent Directors, at least one (1) Hoche Director shall be an Independent Director.
For the avoidance of doubt, the Parties agree that nothing in the ▇▇▇▇▇▇ Shareholders Agreement shall be construed to impose any obligations upon any Investor (or the Directors nominated by any Investor) to the ▇▇▇▇▇▇ Shareholders, and any limitation imposed on Hoche pursuant to the ▇▇▇▇▇▇ Shareholder Agreement shall not relieve, limit, or otherwise affect Hoche’s obligations under this Agreement.
If the Company identifies any reason under applicable Law why a person proposed for appointment as a Director pursuant to Section 2.1(b) cannot be seated as a Director, then (x) the Company shall promptly notify the Shareholder or Hoche, as applicable, of that fact and (y) the Company and the Shareholder or Hoche, as applicable, shall cooperate in good faith to eliminate such impediment or the Shareholder or Hoche, as applicable, shall identify another nominee in accordance with this Section 2.1.
Upon the conversion of the Hoche Secured Convertible Notes and payment of all amounts owed by the Investors to Hoche under the Hoche Secured Convertible Notes Assignment Agreements, the Company shall have issued, sold and delivered the Assigned Shares to the Investors in accordance with Section 1.3(b)(v).
On the Closing (as defined under the Business Combination Agreement) and until the one-year anniversary of the preceding annual General Meeting, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ shall be the Hoche Shareholder Director.
Upon the conversion of the Hoche Secured Convertible Notes and payment of all amounts owed by the Investors to Hoche under the Hoche Secured Convertible Notes Assignment Agreements, the Company shall have issued and delivered to each Investor the portion of the Hoche Warrant assigned to such Investor, pursuant to the terms of the Hoche Warrant Assignment Agreements.
For the avoidance of doubt, the Parties agree that nothing in the Mi▇▇▇▇ ▇hareholders Agreement shall be construed to impose any obligations upon any Investor (or the Directors nominated by any Investor) to the Mi▇▇▇▇ ▇hareholders, and any limitation imposed on Hoche pursuant to the Mi▇▇▇▇ ▇hareholder Agreement shall not relieve, limit, or otherwise affect Hoche’s obligations under this Agreement.
For the avoidance of doubt, the Parties agree that nothing in the M▇▇▇▇▇ Shareholders Agreement shall be construed to impose any obligations upon any Investor (or the Directors nominated by any Investor) to the M▇▇▇▇▇ Shareholders, and any limitation imposed on Hoche pursuant to the M▇▇▇▇▇ Shareholder Agreement shall not relieve, limit, or otherwise affect Hoche’s obligations under this Agreement.