Prior Purchaser definition
Examples of Prior Purchaser in a sentence
In the event of such transfer, such partner or stockholder shall be deemed a Purchaser or Prior Purchaser for purposes of this Section 10 and may again transfer such rights to any other person or entity which acquires Shares or Registrable Shares from such partner or stockholder, in accordance with, and subject to, the provisions of subparagraphs (a), (b) and (c) above.
The parties acknowledge and agree that any Prior Purchaser that executes the waiver and agreement described in Section 2.2(a)(ix) shall be made a beneficiary of this Section 4.7 as if such Prior Purchaser executed this Agreement for such purpose.
General Partner UVCC II Parallel Fund, L.P. ------------------------------------------ Name of Purchaser or Prior Purchaser By: Arete Ventures L.P. III /s/ Robe▇▇ ▇.
In addition, within ten business days after any Purchaser's or Prior Purchaser's written request therefor, the Company shall deliver to such Purchaser or Prior Purchaser a written statement indicating whether such Purchaser's or Prior Purchaser's interest in the Company constitutes "qualified small business stock" as defined in Section 1202(c) of the Code.
Each Prior Purchaser shall have ten (10) days from the giving of such notice to agree to purchase up to its pro rata portion of the Remaining Shares on the terms and conditions specified in this Agreement by giving written notice to the Company and stating therein the quantity of Remaining Shares to be purchased and delivering the requisite purchase price for such shares.
The Company hereby grants to each Prior Purchaser who holds at least 600,000 shares of Registrable Securities the right of first refusal to purchase its pro rata share of "New Securities" (as defined in this Section 18) that the Company may, from time to time propose to sell and issue.
Any transferee (other than a Purchaser or Prior ----------- Purchaser) to whom rights under subsection 7(b), subsection 7(f) or Section 8 are transferred shall, as a condition to such transfer, deliver to the Company a written instrument by which such transferee agrees to be bound by the obligations imposed upon Purchasers or Prior Purchasers under subsection 7(f) and Section 8, as the case may be, to the same extent as if such transferee were a Purchaser or Prior Purchaser hereunder.
If to a Purchaser, Prior Purchaser or Founder, at his or its address set forth on EXHIBIT D attached hereto, to the Designated Notice Party for a Purchaser or Prior Purchaser, if any, or at such other address or addresses as may have been furnished to the Company in writing by such Purchaser, Prior Purchaser or Founder.
In addition, within ten days after any Purchaser's or Prior Purchaser's written request therefor, the Company shall deliver to such Purchaser or Prior Purchaser a written statement indicating whether such Purchaser's or Prior Purchaser's interest in the Company constitutes "qualified small business stock" as defined in Section 1202(c) of the Code.
The Company shall permit each Purchaser and Prior Purchaser which alone, or together with affiliated entities holds at least 500,000 shares (as adjusted for stock splits, stock dividends and similar recapitalizations) to attend, as observers and without any right to vote (except to the extent any such representative is a Board Member) meetings of the Board of Directors of the Company.