P2 Units definition
P2 Units has the meaning given in Section 2.2;
Examples of P2 Units in a sentence
Each Purchaser shall purchase its Respective Proportion of the P2 Units and pay its Respective Proportion of the aggregate Phase 2 Purchase Price in accordance with Sections 2.3 and 2.4 of this Agreement.
If the Phase 2 Option is not exercised by the Purchasers by written notice to the Company (the “Phase 2 Notice”) specifying the number of P2 Units to be purchased during the Phase 2 Option Period, the Phase 2 Option shall terminate and the covenant of the Company in Section 7.7 shall terminate.