Original Amount definition
Examples of Original Amount in a sentence
An Investor’s right to nominate a Nominee to the Company’s Slate for any applicable election of directors shall be based on the percentage of the Original Amount then Beneficially Owned by such Investor immediately prior to the mailing to shareholders of the Director Election Proxy Statement relating to such election (or, if earlier, the filing of the definitive Director Election Proxy Statement with the Commission).
Each Investor agrees, at any time it is then entitled to vote for the election of Directors to the Board, to take all necessary action, including casting all votes to which such Investor is entitled in respect of its Original Amount, whether at any annual or special meeting, by written consent, proxy or otherwise, so as to ensure that the composition of the Board complies with (and includes all of the requisite Nominees in accordance with) Section 2 and to otherwise effect the intent of Section 2.
Each Investor agrees not to grant, or enter into a binding agreement with respect to, any proxy to any Person in respect of its Original Amount that would prohibit such Investor from casting votes in respect of such shares of Original Amount in accordance with this Section 2.3.
Each Investor then entitled to vote for the election of any successor as a Director agrees to take all necessary action, including casting all votes to which such Investor is entitled in respect of its Original Amount, whether at any annual or special meeting, by written consent, proxy or otherwise, so as to ensure that any such successor determined in accordance with Section 2 is elected to the Board as promptly as practicable.
Each Investor will promptly provide reporting to the Company after such Investor ceases to Beneficially Own shares of Common Stock representing at least 50% of its Original Amount such that the Company is informed of when this obligation terminates.