Private Placement definition
Examples of Private Placement in a sentence
Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will no longer be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Notes, on Restricted Definitive Notes and in the Indenture.
The Company shall have obtained the consent of its Board of Directors authorizing the execution, delivery and performance of this Agreement and the Warrant Agreement and the issuance and sale of the Private Placement Warrants hereunder.
Upon issuance in accordance with, and payment pursuant to, the terms of this Agreement and the Warrant Agreement, the Private Placement Warrants will constitute valid and binding obligations of the Company, enforceable in accordance with their respective terms as of the Closing Date.
On the Over-Allotment Closing Date, upon the payment by the Purchasers of the Over-Allotment Purchase Price, the Company, at its option, shall deliver a certificate evidencing the Private Placement Warrants purchased by each Purchaser on such date duly registered in each Purchaser’s name to each Purchaser, or effect such delivery in book-entry form.
The Purchaser further acknowledges that the Private Placement Warrants are subject to additional transfer restrictions under the terms of the underwriting agreement by and between the Company and the Purchaser.