Inside Investors definition
Examples of Inside Investors in a sentence
In addition, each Purchaser shall receive a Warrant to purchase a number of Warrant Shares equal to fifty percent (50%) (or sixty-six and two-tenths percent (66.2%) for the Inside Investors) of the number of Shares, rounded up to the nearest whole Warrant Share, purchased by such Purchaser, as indicated below such Purchaser’s name on the signature page to this Agreement.
Accordingly, each of the Inside Investors hereby agrees not to convert or exercise any of the Warrants acquired by such Inside Investor unless and until such issuance is approved by the stockholders of Amen in accordance with the rules of the Nasdaq Stock Market.
The Inside Investors acknowledge and agree that if such Stockholder Approval is not obtained, they will not be entitled to acquire any of the Conversion Shares which may adversely effect the value of the Series E Preferred Stock they are acquiring hereunder.
Accordingly, each of the Inside Investors hereby agrees not to convert or exercise any of the Series E Preferred Stock acquired by such Inside Investor unless and until such issuance is approved by the stockholders of Buyer in accordance with the rules of the Nasdaq Stock Market.
To the extent one or more of the Lenders exercise such right of participation in accordance with the terms and conditions set forth below, the number of shares of Co-Sale Stock that the Inside Investors may sell in the transaction shall be correspondingly reduced.
The Co-Sale Agreement, dated as of April 14, 2003 by and among the Parent, each of the parties listed as Lenders on Exhibit A thereto and each of the parties listed as Inside Investors on Exhibit B thereto.
Any provision of this Agreement may be amended and the observance thereof may be waived (either generally or in a particular instance and either retroactively or prospectively), only by the written consent of (i) as to the Company, only the Company, (ii) as to the Lenders, the Majority Lenders, and (iii) as to the Inside Investors, persons holding at least 50.1% in interest of the Common Stock held by the Inside Investors and their assignees, pursuant to Section 3(a) hereof.
The Inside Investors acknowledge and agree that if such stockholder approval is not obtained, they will not be entitled to acquire any of the Warrant Shares which will the Securities they are acquiring hereunder.
In addition, Cornell Capital Partners LP and its affiliates shall be deemed to be Espré Inside Investors.
Ackrell shall provide Espré monthly with lists of persons or entities with whom Ackrell has been in discussions regarding a potential Transaction which persons (be they individual, fund, institutional or other types of investors) shall be deemed to be Ackrell Qualified Investors, so long as such persons have not previously been deemed to be Espré Inside Investors or Retail Offering Investors.