Settlement Completion definition
Examples of Settlement Completion in a sentence
As a material inducement to Seller to enter into this Agreement, the Company shall, upon a request from Seller or Seller’s permitted assigns after the Settlement Completion, use commercially reasonable efforts to prepare and file with the Commission a Registration Statement covering the resale of all Registrable Securities for an offering to be made on a continuous basis pursuant to Rule 415.
If, after the Settlement Completion, the Company proposes to file a registration statement under the Securities Act providing for a public offering of the Company’s securities, the Company shall notify Seller or Seller’s permitted transferee of the proposed filing and afford Seller or Seller’s permitted assigns an opportunity to include in such registration statement all or any part of the Registrable Securities then held by Seller or Seller’s permitted assigns.
In the case of a failure to perform by the Company, Settlement Completion shall be deemed to occur for all purposes hereunder (including, but not limited to, Section 4.01(d) above) on the date such Investor effectively transfers the Put Shares to the Company after receipt of the Put Price and any additional amounts payable by the Company pursuant to this Section 4.02 and otherwise under this Agreement.
Until Settlement Completion, each Investor shall be entitled to all of its rights as a stockholder (or attached to such Put Shares) whether under this Agreement, Applicable Law or otherwise.