Wire Initiation definition

Wire Initiation means the initiation by or on behalf of Sub of a wire of immediately available funds to an account designated by such Stockholder, in writing within ten (10) Business Days after the date hereof, in an amount equal to the aggregate consideration for such Stockholder’s Net Shares.
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Examples of Wire Initiation in a sentence

  • Such Stockholder hereby irrevocably directs the Company, on its behalf, to transfer any share certificates issued pursuant to Section 4.7 with respect to the Net Shares to Sub immediately upon the Wire Initiation, and the Company covenants to so transfer and deliver such share certificates to Sub.

  • The Company covenants that it shall issue, or cause to be issued, duly and validly executed physical stock certificates representing the Net Shares in the name of such Stockholder immediately after the Wire Initiation in full satisfaction of the Company’s obligations under the Warrants and Company Stock Options.

  • Each of the Stockholders hereby irrevocably directs the Company, on its behalf, to transfer any share certificates issued pursuant to Section 4.6 with respect to the Net Shares to Acquisition Sub immediately upon the Wire Initiation, and the Company covenants to so transfer and deliver such share certificates to Acquisition Sub.

  • The Company covenants that it shall issue, or cause to be issued, duly and validly executed physical stock certificates representing the Net Shares in the name of such Stockholder immediately after the Wire Initiation in full satisfaction of the Company’s obligations under the Company Stock Options.

  • The Company covenants that it shall issue, or cause to be issued, duly and validly executed physical stock certificates representing the Net Shares in the name of such Stockholder immediately after the Wire Initiation in full satisfaction of the Company’s obligations under such Stockholder’s Company Options.

  • The Company covenants that it shall issue, or cause to be issued, duly and validly executed physical stock certificates representing the Net Shares in the name of such Stockholder immediately following the occurrence of each of the Acceptance Time and the Wire Initiation in full satisfaction of the Company’s obligations under the Company Stock Options.

Related to Wire Initiation

  • Xxxxxx Mae The Government National Mortgage Association, or any successor thereto.

  • POS means point of sale.

  • NOC means National Olympic Committee.

  • Wire Transfer means a payment in immediately available funds by wire transfer in lawful money of the United States of America to such account or accounts as shall have been designated by notice to the paying party.

  • Wire Instructions means the wire instructions for the Initial Cash Purchase Price, as provided by the Company, set forth on ANNEX I.

  • Wire Center means the location of one (1) or more local switching systems. It is also a point at which End User’s loops within a defined geographic area converge. Such local loops may be served by one (1) or more Central Office Switches within such premises.

  • Xxxxxxx Mac The Federal Home Loan Mortgage Corporation, or any successor thereto.

  • Psychotropic medication means medication the prescribed intent of which is to affect or alter thought processes, mood, or behavior including but not limited to anti-psychotic, antidepressant, anxiolytic (anti-anxiety), and behavior medications. The classification of a medication depends upon its stated, intended effect when prescribed.

  • EFT means electronic funds transfer.

  • Fxxxxx Mae The Federal National Mortgage Association, or any successor thereto.

  • EMS means the respective Energy Management Systems utilized by the Parties to manage the flow of energy within their Regions.