Examples of Preemptive Stockholder in a sentence
The delivery of a Preemptive Acceptance Notice by a Preemptive Stockholder shall be deemed to be a binding and irrevocable offer by such Stockholder to purchase the New Securities described therein.
Each Preemptive Stockholder shall deliver to the Company or the Company Subsidiary, as applicable, the purchase price for the New Securities purchased by it by certified or bank check or wire transfer of immediately available funds.
Each Pre-emptive Stockholder shall deliver to the Company the purchase price for the New Securities purchased by it by certified or bank check or wire transfer of immediately available funds.
The failure of a Preemptive Stockholder to deliver a Preemptive Acceptance Notice by the end of the Preemptive Exercise Period shall constitute a waiver of its rights under this Section 4.01(c) with respect to the purchase of such New Securities, but shall not affect its rights with respect to any future issuances or sales of New Securities.
The closing of any purchase by any Pre-emptive Stockholder shall be consummated concurrently with the consummation of the issuance or sale described in the Issuance Notice.
The closing of any purchase by any Preemptive Stockholder shall be consummated concurrently with the consummation of the issuance or sale described in the Issuance Notice.
The rights contained in this Article IV may be assigned or otherwise conveyed by a Preemptive Stockholder to one or more of its Affiliates that, in each case, are not Competitors or Ineligible Parties and that otherwise qualify as “accredited investors” (as defined in Rule 501 of Regulation D promulgated under the Securities Act); provided that such assignment or conveyance is otherwise effected in compliance with the terms and conditions of this Agreement applicable to the Transfer of Shares.
Each Fully Exercising Preemptive Stockholder shall have a right of over-allotment such that if there are any Remaining New Securities, such Fully Exercising Preemptive Stockholder may purchase all or any portion of its pro rata portion of the Remaining New Securities, based on the relative Preemptive Pro Rata Portions of all Fully Exercising Preemptive Stockholders.
Each Fully Exercising Preemptive Stockholder shall elect to purchase its allotment of Remaining New Securities by giving written notice to the Company (which notice shall be deemed to be a binding and irrevocable offer by such Stockholder to purchase the Remaining New Securities described therein) specifying the number of Remaining New Securities it desires to purchase within five Business Days of receipt of the Over-allotment Notice (the “Over-allotment Exercise Period”).
The Company shall give written notice (an “Issuance Notice”) of any proposed issuance or sale of New Securities described in Section 3.01(a) to the Pre-emptive Stockholder within five (5) Business Days following any meeting of the Board at which any such issuance or sale is approved.