Issuance of CVRs. The CVRs shall be issued as a portion of the Merger Consideration at the times and in the manner set forth in the Merger Agreement.
Issuance of CVRs. The CVRs shall be issued and distributed by the Rights Agent after the First Effective Time to the Persons who as of the close of trading on the Nasdaq Capital Market on the Business Day before the First Effective Time are shareholders of record of Parent (the “Legacy Shareholders”). Each Legacy Shareholder is entitled to one (1) CVR for each share of Parent Common Stock held by such Legacy Shareholder as of immediately prior to the First Effective Time.
Issuance of CVRs. The CVRs shall be issued and distributed by the CVR Agent after the Effective Time, to the Persons who as of the close of business on the day before the Effective Time are stockholders of Parent, as contemplated by the Merger Agreement.
Issuance of CVRs. The CVRs shall be issued pursuant to the Merger Agreement at the time and in the manner set forth in the Merger Agreement. Distribution of any CVR Payment Amount to the Holders shall be governed by the Shareholders’ Representative Agreement.
Issuance of CVRs. (a) On the terms and subject to the conditions of this Agreement, in accordance with the terms of the Restructuring Support Agreement, the Company hereby issues 1,036,649 CVRs to the Holder on the date of this Agreement. The CVRs will not be evidenced by a certificate or other instrument.
Issuance of CVRs. The CVRs shall be issued and distributed by PTI, after the Merger, to the Persons who as of immediately prior to the Effective Time are stockholders of record of PTI or have the right to receive PTI Common Stock as of immediately prior to the Effective Time, as contemplated by the Merger Agreement.
Issuance of CVRs. (a) At the Effective Time, the Company shall, pursuant to the Merger Agreement, issue to each holder of Holly Common Stock outstanding immediately prior to the Effectixx Xxme (other than those who have perfected their appraisal rights) one CVR for each share of Holly Common Stock held by such holder immediately prior to the Xxxxctive Time.
Issuance of CVRs. The CVRs represent the rights of Holders to receive contingent cash payments pursuant to this Agreement. The initial Holders will be determined pursuant to the terms of the Merger Agreement. CVRs may also be issued upon the exercise of Parent Warrants, as provided pursuant to the Merger Agreement.
Issuance of CVRs. (a) At the Effective Time, the Company shall, pursuant to the Merger Agreement, issue to each holder of Xxxxx Common Stock outstanding immediately prior to the Effective Time (other than those who have perfected their appraisal rights) one CVR for each share of Xxxxx Common Stock held by such holder immediately prior to the Effective Time. (b) The Company shall, pursuant to the Merger Agreement, issue to each Person who exercises a Converted Stock Option prior to the first CVR Payment Date one CVR for each share of Xxxxx Common Stock into which the corresponding exchanged option to purchase Xxxxx Common Stock was exercisable immediately prior to the Effective Time. No CVRs shall be issued to any such holder of a Converted Stock Option who does not exercise such Converted Stock Option prior to the first CVR Payment Date.
