Examples of Stock Purchase and Redemption Agreement in a sentence
In November 1995, in connection with the Stock Purchase and Redemption Agreement (Note 3), the Company restated and amended its Articles of Incorporation to authorize 500 shares of $.01 par value Class A voting common stock and 500 shares of $.01 par value Class B non-voting common stock.
Reference is made to the Stock Purchase and Redemption Agreement dated as of May 12, 1999 (as the same may be amended from time to time, the "Purchase Agreement"; capitalized terms used herein but not defined shall have the meanings set forth in the Purchase Agreement), among the Company, Greenfield Holdings, LLC, a Delaware limited liability company (the "Investor"), and the other Persons party thereto.
The additional payment is comprised of a flat amount not to exceed $600,000 and a variable portion payable only if the remaining executives receive new employment agreements providing for "excessive compensation" as defined in the Stock Purchase and Redemption Agreement.
The term "Assigned Contract" shall mean all of the contracts, undertakings and agreements and all of the Assignor's right, title and interest therein, whether now owned or hereafter acquired, and all proceeds thereof, in that certain agreement entitled Stock Purchase and Redemption Agreement dated as of July 25, 1996, entered into by and among the Assignor, Ernexx X.
Xxxxxx Products Corp., Xxxxxx Products (Far East) Limited, Asco Investment Ltd., Xxxx and Buyer have this day entered into a Stock Purchase and Redemption Agreement (the "Redemption Agreement"), pursuant to which Xxxxxx will sell stock to Buyer and redeem stock held by Asco Investments Ltd.
The Borrower hereby confirms that all of the representations and warranties (including related definitions) made by the Borrower to Holdings in Article III of the Stock Purchase and Redemption Agreement dated as of May 12, 1999 among the Borrower, Xxxxxx Xxxxxxxxxx and Holdings (as the same may be amended, restated or otherwise modified from time to time, the "Purchase Agreement") are hereby true and correct in all material respects.
In addition, under certain circumstances such as a liquidity event or a default pursuant to the provisions of the Stock Purchase and Redemption Agreement, the holders of the Series A and B Preferred Stock may require redemption at an earlier date.
Borrower agree to use the full proceeds of the Convertible Subordinated Notes to consummate the investment and redemption transactions contemplated in the Stock Purchase and Redemption Agreement.
This Warrant shall be exercisable at a purchase price per share of $74,011.5044 (such purchase price per share as adjusted from time to time as herein provided is referred to herein as the "Purchase Price"), which Purchase Price shall be adjusted as provided in Section 2.6 of that certain Stock Purchase and Redemption Agreement dated as of October 27, 1997, as amended.
All parties thereto other than the Company shall have executed and delivered the Stock Purchase and Redemption Agreement upon substantially the terms and conditions of the draft attached as Exhibit F hereto.