Examples of Lender Shares in a sentence
Within thirty (30) days of the Closing Date, Borrower shall either (a) facilitate the private sale to third parties of [***] Lender Shares for a purchase price of no less than $960,000 ([***]), which amount shall be applied as a credit against the principal balance due on the New Note dollar for dollar, or (b) pay the Lender $960,000 toward the principal balance due on the New Note.
In addition to facilitating the private sales to third parties provided inSection 2.3, the Lender hereby grants the Borrower the exclusive right until December 31, 2024 to facilitate the sale of all or a portion of the remaining balance of Lender Shares [***], subject to the prior written approval of the Lender which shall not be unreasonably withheld, [***].
Net proceeds received by the Lender in connection with the sale of the remaining Lender Shares pursuant to this Section 2.5 in excess [***] if all of the remaining Lender Shares are sold) will be applied as a credit against the Restructured Profit Share dollar for dollar.