Legacy Holders definition
Examples of Legacy Holders in a sentence
If an application has been or is filed for the Legacy Holder's bankruptcy or for a suspension of payments (moratorium).
That certain registration rights agreement between the Company and the Legacy Holders, dated as of December 20, 2016.
Notwithstanding anything to the contrary herein, the Legacy Holders (and their respective permitted transferees) shall be permitted to collectively request no more than one Underwritten Offering pursuant to this Section 2.02.
In addition, the Legacy Holder shall reimburse the Sponsoring LIR for the extra-judicial collection costs, without prejudice to any of the Sponsoring LIR’s other rights, which it may invoke against the Legacy Holders in connection with its failure to effect timely payment.
Any decision, act, consent, waiver or instruction of the Check-Cap Legacy Holders’ Representative will constitute a decision of all the Check-Cap Legacy Holders and will be final, binding and conclusive upon each such Person, and PubCo and the Israeli Surviving Company (or any successor thereof) will be entitled to rely conclusively thereon.
Any such payment of the Check-Cap Legacy Transaction Eligible Proceeds to the Check-Cap Legacy Holders shall be subject to all applicable federal, state and local tax withholding requirements; provided, however, that unless otherwise required by applicable Law, such payments made pursuant to this Section 8.16 shall be treated as an adjustment to the Check-Cap Merger Consideration for federal, state and foreign income Tax purposes to the extent so determined in the relevant tax ruling.
The Company and the Legacy Holders hereby terminate the Prior Agreement in its entirety, effective as of the date of this Agreement.