Examples of Resulting Issuer in a sentence
Effective as of the Closing and subject to prior Exchange approval and compliance with all Applicable Laws, the directors of the Resulting Issuer will be Xxxxxxx Xxxxxx and Xxx Xxxxx as nominees of the Issuer and Xxxxxx Xxxxx, Xxxxxxxx XxXxxxx, and Xxxx xx Xxxxxx, as nominees of the Target, or such other nominees of the Target reasonably acceptable to the Issuer.
No fractional Issuer Consideration Shares or Resulting Issuer Shares will be issued.
Certificates representing Target Warrants which are outstanding on the Effective Date shall represent rights to purchase Resulting Issuer Shares.
At the time of Closing and subject to delivery of mutual releases acceptable to the Issuer, Target and the individuals as hereinafter described, the Issuer shall deliver the resignation of Xxxxxx Xxxxx and Xxxxxx Xxxxxxxxxx, who are not continuing as directors of the Resulting Issuer.
In the event that a securityholder would otherwise be entitled to a fractional Issuer Consideration Share or Resulting Issuer Share hereunder, the number of Issuer Consideration Shares or Resulting Issuer Shares, as applicable, issued to such securityholder shall be rounded down to the nearest whole number without any additional compensation.