Examples of Seller Designee in a sentence
The Seller Designee and the Sellers have no present intention of selling, granting any participation in or otherwise distributing the Seller Shares or the Seller Note; provided, however, that notwithstanding the foregoing, the Seller Designee may sell the Seller Shares as permitted under the Share Ownership Agreement and the Seller Note as permitted therein.
Each Seller agrees that Buyer and Buyer's Lender may deal exclusively with the Seller Designee with respect to all matters related to the Seller Shares and the Seller Note without seeking any consent, approval or confirmation from or giving any notice to such Seller.
Each of the Seller Designee and each Seller has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of the investment in the Seller Shares and the Seller Note.
Each of Parent and each Seller will use its Best Efforts to obtain and to cause any Seller Designee to obtain the satisfaction of the conditions to Closing applicable to Parent and Sellers set forth in Article IX as soon as practicable.
Assuming the accuracy of the representations and warranties made by Sellers and Seller Designee in Section 5.20 through Section 5.23, Buyer is entitled to issue to the Seller Shares and the Seller Note to the Seller Designee pursuant to an exemption from registration under Section 4(2) of the Securities Act and/or Regulation D promulgated thereunder and under similar exemptions from registration under applicable state securities Laws.