Qualified Subscribers definition
Examples of Qualified Subscribers in a sentence
The Purchase Price is calculated by the number of Qualified Subscribers as of the Closing Date, multiplied by the Individual Qualified Subscriber Value (the “Total Qualified Subscriber Value”).
The Company shall, effective upon Closing and until the termination of this Agreement, take all appropriate actions to fix and maintain a Board of no more than five (5) voting members and the Company shall not change the number of voting members of its Board without the prior written approval of the Qualified Subscribers.
Upon the Qualified Subscriber Election (as defined below), so long as there remains a Qualified Subscriber, the Qualified Subscribers shall be entitled to appoint one (1) voting member of the Company’s Board (a “Qualifying Subscriber Nominee”).
Commonwealth Associates (the "Placement Agent") has agreed to act as exclusive placement agent to the Company for the purpose of assisting the Company in finding subscribers who satisfy the requirements set forth in the Offering Documents and more particularly in the Subscription Agreement (herein, "Qualified Subscribers") pursuant to the offering ("Private Placement") described in the Offering Documents.
The Purchase Price shall be calculated by the number of Qualified Subscribers determined by the Buyer on the day prior to Closing, multiplied by the Individual Qualified Subscriber Value (the “Total Qualified Subscriber Value”), less any Purchase Price Adjustments.
The privilege of assisting the Company in finding Qualified Subscribers for the Units is extended to you only so long as the Company may lawfully sell the Units to residents in the state in which any such Qualified Subscribers reside pursuant to the terms of the Offering Documents.
No later that the Closing Date, Buyer and Seller shall make any additional net adjustment by payment of one to the other to effect a final adjustment in the Purchase Price, which shall include a true-up of the Purchase Price determination based upon the actual number of Qualified Subscribers and finalization of the Purchase Price Adjustments.
We are extending the right, subject to the terms and conditions hereof, to assist the Company in finding Qualified Subscribers to purchase a portion of the Units, to certain dealers who are actually engaged in the investment banking or securities business and who are members in good standing of the National Association of Securities Dealers, Inc.
Contractor may offer subscriptions to other subscribers at commercially viable and agreed terms when, but only when, Qualified Subscribers are unavailable or unwilling to subscribe in the CSG.
The Shares allotted to the Qualified Subscribers presented by you will be confirmed, subject to the terms and conditions of this Agreement.