Until notice definition

Until notice is given by the Company ("Notice of Separation") to holders of the Units and to The Nasdaq SmallCap Market and the Archipelago Exchange, the Common Stock and the Warrants will be traded only as Units. The Notice of Separation will provide a date that the Units will separate (the "Separation Date"). On the Separation Date the Units will be deemed separated and the Common Stock and Warrants shall thereafter be traded only on a separate basis. The separation of the Units into shares of Common Stock and Warrants will occur upon the earlier to occur of ninety days from the date of this Agreement or 30 days after such Notice of Separation is given. However, the Company shall not allow separation of the Units until the earlier to occur of 90 days immediately following the date of this Agreement or 30 days after the exercise by the Underwriters of their entire over allotment option described below. The Warrants are to be issued under the terms of a Warrant Agreement (the "Warrant Agreement") by and between the Company and Corporate Stock Transfer, Inc. (the "Warrant Agent"), in substantially the form as most recently filed as an exhibit to the Registration Statements (as hereinafter defined). The Underwriters, severally and not jointly, agree to purchase from the Company the number of Firm Units set forth opposite their respective names on Schedule I attached hereto and made a part hereof at a purchase price (net of discounts and commissions) of $____ per Firm Unit. Each Warrant entitles its holder to exercise it to purchase one share of Common Stock at an exercise price equal to the offering price of a Firm Unit during the period commencing on the Separation Date and terminating on the five-year anniversary of the Effective Date (as hereinafter defined). The Warrants shall be redeemable by the Company at a price of $.10 per Warrant, provided (i) the Warrants are exercisable, (ii) the Shares are subject of an effective registration statement permitting their sale under the Securities Act (as hereinafter defined), and (iii) the Common Stock has closed at a price of 225% of the Exercise Price for each of the 30 consecutive trading days prior to the date that the Warrants are called for redemption by the Company. The Company has prepared and filed in conformity with the requirements of the Securities Act of 1933, as amended (the "Securities Act"), and the published rules and regulations thereunder (the "Regulations") adopted by the Securities and Exchange Commission ...
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Until notice is given to the contrary, the Purchaser Director designated by Austin Ventures shall be ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, the Purchaser Director designated by Sigma shall be ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, the Purchaser Director position to be designated by CNET shall be vacant and the Common Stockholder Directors shall be ▇▇▇▇ ▇.
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Examples of Until notice in a sentence

  • Until notice of change of address is received, a party may rely upon the last address given.

  • Until notice of some other designation is given, fixed rent and all other charges for which provision is herein made shall be paid by remittance to or for the order of Boston Properties Limited Partnership either (i) by mail to ▇.▇.

  • Until notice of some other designation is given, Basic Rent and all other charges for which provision is herein made shall be paid by remittance payable to the Agent, and all remittances so received as aforesaid, or by any subsequently designated recipient, shall be treated as a payment to Landlord.

  • Until notice of a subsequent appointment shall have been given the Authority and any Beneficiary shall be entitled to treat as Contract Manager the person last notified to the Authorised Officer as being the Contract Manager.

  • Until notice of such amendment is given to the person or persons whose rights hereunder are adversely affected, such amendment shall have no effect on such rights of such persons hereunder.

  • Until notice of any change has been given the Contractor shall be entitled to treat as Authorised officer the person last notified to the Contractor as being the Authorised Officer.

  • Until notice of a subsequent appointment shall have been given the Authority shall be entitled to treat as Contract Manager the person last notified to the Authorised Officer as being the Contract Manager.

  • Until notice to the contrary is given by the Creditor, the Debtor may collect the claims, including capital, interest, dividends, and the income arising therefrom.

  • Until notice of change of address is received as to any particular party hereto, all other parties may rely upon the last address given.

  • Until notice is given otherwise, option (2) shall be deemed selected.