Rescission Right definition

Rescission Right means the Company Member’s option to rescind the Merger and other transactions contemplated by the Merger Agreement in the event that the QA Closing has not occurred by the date that is seven (7) months following the Closing.
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Rescission Right. Not engage in any discriminatory activities prohibited by 13 CFR parts 112, 113 and 117. The Company will not use directly or indirectly the proceeds of the issuance and sale of the Investor Securities for any purpose for which an SBIC is prohibited from providing funds under 13 CFR ss. 107.901. The Company shall not change its business activity in any manner which, by reason of such change in business activity, would render the Company ineligible as a "small business concern" under the Small Business Investment Act. The Company acknowledges and agrees that (a) any diversion of the proceeds from their intended use or (b) the Company's becoming ineligible as a "small business concern" by reason of a change in the Company's business activity within one year from the closing under the Purchase Agreement, shall entitle any Investor that constitutes an SBIC, upon demand, and in addition to any other remedies that may exist, to immediate rescission of the Related Agreements and repayment in full of the funds invested by it as contemplated by 13 CFR ss. 107.305 and 13 CFR ss. 107.706.
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Rescission Right shall have the meaning set forth in Section 7A.4 hereof.
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Examples of Rescission Right in a sentence

  • The Representative may waive such issuance restrictions at any time with respect to all or any portion of the issuable shares; provided, that, in no event shall any Base Stock Consideration be issued prior to the expiration or waiver of the Rescission Right.

  • The Company has agreed to use its best efforts to ensure that each Friends and Family Subscriber receives a notice of their Rescission Right and a copy of this receipted Prospectus, and to obtain a response from each Friends and Family Subscriber with respect to their desire to exercise the Rescission Right.

  • Agencies that are part of the First State Financial (FSF) system are required to identify the contract number GSS19855-FFPC on all Purchase Orders (P.O.) and shall complete the same when entering P.O. information in the state’s financial reporting system.

  • The Company has granted the Rescission Right as the BCSC, after reviewing the use of the Friends and Family Exemption used for various financings, took the position that the Company was unable to rely on such exemption for a significant number of Friends and Family Subscribers.

  • This Agreement shall automatically terminate if the Company properly exercises the Rescission Right pursuant to Section 2.13.

  • For the avoidance of doubt, (A) the Representative may waive the Rescission Right at any time and (B) the Rescission Right shall expire if not exercised prior to the Rescission Expiration Date.

  • If Tenant fails to timely deliver the Final Rescission Notice to Landlord, Tenant shall be deemed to have waived its Final Rescission Right.

  • Friends and Family Subscribers are encouraged to review the notice of their Rescission Right and a copy of this Prospectus with a legal advisor and to submit a response to the Company within the timeline requested therein.

  • The Initial Rescission Right shall only apply, depending on when the Base Term for the Identified Expansion Building is reasonably estimated by Landlord to commence, if the Initial Base Rent Estimate exceeds the Cap Amount (as adjusted).

  • However, please note that the agreement with TLS/Betts Place, and the subsequent income, ended in December.


More Definitions of Rescission Right

Rescission Right means the rescission right of Marlon as set forth in Section 2.8.
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Related to Rescission Right

  • Conversion Right has the meaning set forth in Section 4.05(a) hereof.

  • Acceleration Right means the Participant’s right, in certain circumstances, to exercise its outstanding Option as to all or any of the Common Shares in respect of which such Option has not previously been exercised and which the Participant is entitled to exercise, including in respect of Common Shares not otherwise vested at such time;

  • Redemption Right has the meaning provided in Section 8.5(a) hereof.

  • Conversion Rights means exchange of, or the rights to exchange, the Principal Amount of the Loan, or any part thereof, for fully paid and nonassessable Common Stock on the terms and conditions provided in the Debentures.

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

  • Repurchase Option has the meaning set forth in Section 1.3(a) hereto.

  • Redemption Rights means the redemption rights provided for in Section 9.2 of the SPAC Certificate of Incorporation.

  • Penalty Notice means a written no- tification from the Director informing a respondent that the Director has made a finding of violation and, absent a request for a hearing, will impose a civil monetary penalty.

  • Put Right has the meaning set forth in Section 8.05(a).

  • Purchase Option Notice As defined in Section 3.18(e).

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Financial Transmission Right Option means a right to receive Transmission Congestion Credits as specified in Operating Agreement, Schedule 1, section 5.2.2(c), and the parallel provisions of Tariff, Attachment K-Appendix, section 5.2.2(c).

  • Put Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and tender of the specified underlying Securities, to sell such Securities to the writer thereof for the exercise price.

  • Acceleration Notice shall have the meaning specified in Section 6.2.

  • Renewal Option has the meaning set forth in §12.1.

  • Put Option Notice means a notice which must be delivered to a Paying Agent by any Noteholder wanting to exercise a right to redeem a Note at the option of the Noteholder;

  • Secured Party Designation Notice means a notice from any Lender or an Affiliate of a Lender substantially in the form of Exhibit H.

  • Call Option Notice means a written notice from the holder of the Call Option or the Administrator, as applicable, stating its desire to exercise the Call Option on the related Reset Date, delivered to each Clearing Agency, the Indenture Trustee, the Remarketing Agents, the Rating Agencies and, if the related class of Reset Rate Notes is then listed on the Luxembourg Stock Exchange, the Administrator will forward a copy to the Luxembourg Listing Agent (the contents of which are to be published in a leading newspaper having general circulation in Luxembourg).

  • End of Suspension Notice has the meaning set forth in Section 1(f)(ii).

  • First Offer Period has the meaning set forth in Section 13.5.

  • First Refusal Right means the right granted to the Corporation in accordance with Article E.

  • Series A Redemption Notice has the meaning set forth in Section 16.6(b).

  • Optional Redemption Notice shall have the meaning set forth in Section 6(a).

  • Exercise Notice Deadline In respect of any exercise of Options hereunder on any Conversion Date, the “Scheduled Trading Day” prior to the scheduled first “VWAP Trading Day” of the “Observation Period” (each as defined in the Indenture, but, in the case of any such Observation Period, as modified by the provision set forth opposite the caption “Convertible Security Settlement Method”) relating to the Convertible Securities converted on the Conversion Date occurring on the relevant Exercise Date; provided that in the case of any exercise of Options hereunder in connection with the conversion of any Relevant Convertible Securities on any Conversion Date occurring during the period starting on and including June 4, 2020 and ending on and including the second “Scheduled Trading Day” immediately preceding the “Maturity Date” (each as defined in the Indenture) (the “Final Conversion Period”), the Exercise Notice Deadline shall be noon, New York City time, on the “Scheduled Trading Day” (as defined in the Indenture) immediately preceding the “Maturity Date” (as defined in the Indenture).

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Warrant Exercise Period shall commence (subject to Section 6(d) below), on the later of: