Examples of New Investor Group in a sentence
As a result, the former shareholders of Acquire Co #1 and Acquire Co #2 (i.e. the New Investor Group) become, collectively, the majority shareholders of TLB and the corporate structure of the True Leaf group of companies, as it existed prior to November 16, 2020, is restored.
The Auditor-General must submit a report on the audit of the Fund to the Prime Minister who must table the report in the National Assembly within 60 days, if the National Assembly is in session, or, if it is not in session, within 30 days after commencement of its next session.
Brown and BancAmerica Robertson Stephens), sell or offer to sell any equity or debt security for cash or property in connection with the financing of the Recapitalization or any related refinancings (other than (a) loans incurred under and pursuant to the Credit Facility and (b) additional equity capital provided by the New Investor Group (the foregoing, collectively, the "Permitted Dispositions")) during the term of this Engagement Letter.
The re-acquisition by TLB from Acquire Co #1 of all of the issued shares of TLI (and its subsidiary TLC, the owner of the Lumby Property and the holder of the Licence,) and the acquisition by TLB from Acquire Co #2 of all of the issued shares of Lind (holder of the residue of the Lind Debt), all in exchange for a sufficient number of newly issued TLB common shares to give the New Investor Group approximately 58% of the then issued and outstanding common shares of TLB (collectively, the “Vend-in”).
In the event that the New Investor Group fails to disburse any Proceeds upon request by the Committee and in accordance with the terms of the Committee Guidelines, the parties hereto agree that the Board shall immediately remove one (1) of the New Investor Group Board designees.
Based upon and subject to the foregoing and such other matters as we consider relevant, it is our opinion that, as of the date hereof, the consideration paid to ASDG in connection with the New Investor Group is fair from a financial point of view.
All rights of the New Investor Group to purchase the balance of the Shares shall be contingent on the New Investor Group's funding of an aggregate of $4,000,000 of the Unfunded Amounts (the "Target Amount") no later than August 1, 2003.
We have also assumed the conditions and terms of the New Investor Group and their investment set forth in the Agreement would be satisfied.
Each member of the New Investor Group hereby accepts the assignment made by each of the Old Investor Group pursuant to Section 1.01 of this Agreement, and in consideration of such assignment, hereby assumes and agrees to perform and observe all the covenants, agreements and obligations on the part of each member of the Old Investor Group which were to be performed and observed by the Old Investor Group under the Amended Subscription Agreement.
An investment distribution committee (the "Committee") shall be established consisting of three individuals: (i) the CEO or President of the Company, (ii) the Controller of the Company and (iii) an authorized representative of the New Investor Group.