Examples of Special Series A Shares in a sentence
Based upon and assuming the accuracy of the representations of the Related Parties in Section 7.2 hereof and the holders of beneficial interest in Centerline in the Other Agreements, the creation of the Special Series A Shares pursuant to the Reclassification does not require registration under the Securities Act or applicable state securities and “blue sky” laws.
The Related Parties acknowledge and understand that it must bear the economic risk of this investment for an indefinite period of time because the Special Series A Shares (and the Common Shares into which they will be converted) must be held indefinitely unless subsequently registered under the Securities Act and applicable state securities or “blue sky” laws or unless an exemption from such registration is available.
The Related Parties understand that any transfer agent of the Centerline Parties will be issued stop transfer instructions with respect to the Special Series A Shares unless any transfer thereof is subsequently registered under the Securities Act and applicable state securities or “blue sky” laws or unless an exemption from such registration is available.
Pursuant to the Sale Agreement, C-III granted an option to RSA, which was set to expire on March 5, 2012, to purchase 25% of the 9,310,903 Special Series A Shares (which converted into 139,663,545 common shares upon the Series A Conversion) sold to C-III under the Sale Agreement and issued by Centerline to C-III under the Purchase Agreement (the “Option”) at the fair market value of the Special Series A Shares (or, subsequent to the Series A Conversion, the fair value of our common shares).
The Company hereby represents that the Termination Fee is proportionate to the corresponding termination fee paid to Bank of America, N.A. and its affiliates (collectively, “BofA”), based on the number of shares of the Company’s Special Series A Shares (which subsequently converted into the Company’s common shares of beneficial interest) that were issued to the Holders, on one hand, and BofA, on the other hand, in connection with the Company’s March 2010 restructuring.
The exercise price for any CHC Special Series A Shares or Shares shall be equal to the fair market value of such shares on the date the Option is exercised (the “Exercise Price”), and shall be payable in cash by wire transfer of immediately available funds to an account designated by the Purchaser.
The Option may be exercised on no more than two occasions during the Option Period and, on each occasion, the Seller may elect to purchase all or a portion of the Shares and/or the CHC Special Series A Shares that are the subject of the Option; provided, however, that the Option Period shall terminate immediately upon the closing of the purchase and sale of any Option Shares following the Seller’s second exercise, if any, of the Option.
More precisely we tuned scenarios 1 and 2 to have effect sizes of 2 months but the TTP of the standard treatment of care is now 8 months.
There should be documented attempts to remedy the situation prior to beginning the dismissal process.
At that time, 19.3 million of the Special Series A Shares automatically were converted into 289.9 million of common shares at 1:15 ratio.