Examples of Remainder Shares in a sentence
The Second Notice shall set forth the number of Transfer Shares that the Company has not elected to purchase (the “Remainder Shares”) and shall include the terms required in a Transfer Notice as set forth in Section 3.1. For a period of 20 days following receipt of the Second Notice (the “Investor Acceptance Period”), each Investor shall have the right to purchase Remainder Shares on the same terms and conditions as set forth in the Second Notice as more fully described herein.
If an Investor wishes to exercise its right to purchase all or any portion of the Remainder Shares, it shall give written notice (the “Investor Notice”) to the Transferring Holder, with a copy to the Company, no later than the expiration of the Investor Acceptance Period, stating the maximum number of Remainder Shares it is willing to purchase.
The registration statements covering the Converted Shares and the Remainder Shares are effective and the Company has received no stop order suspending effectiveness of such registration statements.
The Registration Statement shall also include the shares issuable upon conversion of any unpaid principal and interest under the Debentures (the "Debenture Shares") in the event of default under the Debenture (the Remainder Shares and the Debenture Shares shall be referred to collectively as the "Registrable Securities").
If, at any time after the Closing Date, Veridium proposes to register any of its securities under the Securities Act, it will include in the Registration Statement, the shares of Common Stock (the "Remainder Shares") (i) issuable to the Lenders under Section 3 of this Agreement, (ii) the Collateral and the shares of Common Stock issuable under the Warrants previously issued to the Lenders, FCIM Corp.
The purchasers of any Remainder Shares and Warrants shall become, by their purchase thereof, parties to this Agreement and the Registration Rights Agreement and shall acknowledge their obligations under this Agreement and the Registration Rights Agreement in a writing delivered to the Company.
In the event LL delivers a substitute certificate(s) for the Remainder Shares, then all such economic benefits shall become the sole property of CSSA and Nominees and Lender shall pay or arrange to pay to CSSA and Nominees all cash or other property covered by the Due Xxxx.
If at any time Intelect believes that Angelo Gordon is in breach of this Agreement, Intelect may seek from x xxxxx xx xxmpetent jurisdiction an injunction, temporary restraining order or other appropriate injunctive relief to stay or suspend sales or transfer of Converted Shares or Remainder Shares.
In such event, Promethean agrees that should its beneficial ownership of the Common Stock of the Company at any time drop below an aggregate of 4.99% of all outstanding shares of Common Stock, it will promptly deliver subsequent Conversion Notices (as defined in the Series E Designation) until a sufficient number of Series E Preferred Stock has been converted to result in the issuance to HFTP of all of the Remainder Shares.
The Registration Rights Agreement dated as of February 24, 1999 between Intelect and the Buyers named therein shall continue in effect with respect to the Conversion Shares, Remainder Shares and the Warrant Shares (as defined therein).