Examples of Existing Investors in a sentence
In reliance on the representations and warranties set forth herein, the Incremental Investors and the Existing Investors irrevocably confirm that the Second Amendment Effective Date has occurred on the date of this Amendment.
The Company, the Investor, Existing Investors and the Promoter have entered into a Share Purchase & Share Subscription Agreement on or about the date hereof (the “SSSPA”) pursuant to which the Investor has agreed to make an investment in the Company by subscribing to the CCPS (as defined below) and purchase of the Sale Shares (as defined below) from the Existing Investors (as defined below) and the Promoter.
It is a further condition to the closing of the sale of the Series D Preference Shares pursuant to the Purchase Agreement that the Existing Investors holding sufficient shares of the Ordinary Shares issued or issuable upon conversion of the Company’s Series A Preference Shares, Series B Preference Shares and Series C Preference Shares to amend the Prior Rights Agreement execute and deliver this Agreement and agree that this Agreement will supercede and replace the Prior Rights Agreement in its entirety.
Affiliates pursuant to which one or more of the Remington Affiliates provide customary hotel management and hotel construction management, project management and other services; and (c) Like-kind exchanges under Section 1031 of the Internal Revenue Code of 1986, as amended, made by any of the Existing Investors pursuant to contractual obligations existing as of the date of this Agreement provided that Manager provides ten (10) days prior notice to Ashford Inc.
Upon the execution and delivery of this Agreement by (a) the Company and (b) the Existing Investors representing the Majority Investors (as defined in the Prior Agreement), the Prior Agreement automatically shall terminate and be of no further force and effect and shall be superseded and replaced in its entirety as set forth in this Agreement.