Examples of Metaphor Common Stock in a sentence
Metaphor shall have instructed the Escrow Agent to release the shares of Metaphor Common Stock held by the Escrow Agent pursuant to Section 2.4(a) of this Agreement and the Escrow Agreement to the Purchaser or its designees.
There are no outstanding or authorized options, warrants, purchase rights, subscription rights, conversion rights, exchange rights, or other Contracts or commitments relating to the issuance, sale, or transfer of any Metaphor Common Stock or other securities of Metaphor.
If, at any time between the date of this Agreement and the Closing Date, there is a change in the number of outstanding shares of common stock of Metaphor, Metaphor shall, within 3 business days of such occurrence, provide the Escrow Agent with a certificate representing the number of shares of Metaphor Common Stock equal to 66.82% of the Metaphor Common Stock issued and outstanding on the date thereof, issueable to the Purchaser or its designees.
Xotwithstanding the foregoing, the parties to this Agreement hereby agree that this section shall not prohibit any issuance of Metaphor Common Stock to any third party, to any increase in the total number of shares of Metaphor Common Stock authorized, or any authorization or issuance of any class of equity in Metaphor that has preferences and rights superior to the Metaphor Common Stock.
In addition, at the Closing the Purchaser and/or its designees shall receive, and the “Shares” shall also include, that number of shares of Metaphor Common Stock equal to the difference between 30.86% of the Metaphor Common Stock issued and outstanding immediately subsequent to the closing of the transactions contemplated in the Media Acquisition Agreement and the number of shares issued by Metaphor pursuant to the Media Acquisition Agreement.
Subject to the terms and conditions of this Agreement, at the Closing Metaphor will sell and transfer to the Purchaser and/or its designees a number of shares of Metaphor Common Stock equal to, in the aggregate, 66.82% of the Metaphor Common Stock issued and outstanding immediately subsequent to Closing (the “Shares”).
All of the outstanding shares of Metaphor Common Stock have been duly authorized and validly issued and are fully paid and nonassessable.