Participating Subscriber definition
Examples of Participating Subscriber in a sentence
The Company will provide each Participating Subscriber written notice of such Over Subscription Rights (the “Over Subscription Notice”) at least four (4) trading days prior to the closing of a Subsequent Financing.
At the closing, each Participating Subscriber shall be delivered the certificates or other instruments, if any, evidencing the Securities to be issued to such Participating Subscriber, registered in the name of such Participating Subscriber or its designated nominee, free and clear of any Liens, with any stamp duty, against delivery by such Participating Subscriber of the applicable consideration.
The closing of an Issuance pursuant to this ARTICLE XI shall take place at such time and place as the Company shall specify by notice to each Prospective Investor and, if any, each Participating Subscriber.
Each Participating Subscriber shall take or cause to be taken all such reasonable actions, consistent with the provisions of this Agreement, as may be necessary or appropriate in order to expeditiously consummate each Issuance to such Participating Buyer pursuant to this ARTICLE XI and any related transactions.