Remaining Investors definition
Examples of Remaining Investors in a sentence
At the Initial Closing each Investor, except the Remaining Investors, shall deliver each Investor's respective Investment Amount to the Escrow Agent to be placed in an escrow account until the Closing.
In addition, the Remaining Investors shall deliver or cause to be delivered to the Company, its Investment Amount, in United States dollars and in immediately available funds, by wire transfer to an account designated in writing by the Company for such purpose.
At the Closing, subject to the terms and conditions set forth in this Agreement, including the applicable Conditions Precedent to Closings set forth in Article V, the Escrow Agent shall release the funds received pursuant to the Initial Closing to the Company and the Company shall issue and sell to each Investor, and each Investor, including the Remaining Investors shall, severally and not jointly, purchase from the Company, the Shares representing such Investor's Investment Amount.
If a Remaining Investor elects not to purchase their pro rata share of such Registrable Securities, then such Remaining Investor shall notify the company in writing within such fifteen-day period and such Remaining Investor’s pro rata share shall be offered to those Remaining Investors who so exercised their rights (the “Participating Investors”).
The Remaining Investors shall have performed in all material respects all obligations and conditions herein required to be performed or observed by them on or prior to the Subsequent Closing Date.
On the date (the “Second Closing Date”) the Company receives the Second Purchase Price, the certificates evidencing the Remaining Shares shall be released to the Remaining Investors (the “Second Closing”).
However, the relevant provisions of interest for the shipowner who wants to effect loss of hire insurance on the basis of the Plan are found in Chapter 16, in combination with the provisions of Part One.The term “loss of hire insurance” suggests that cover is granted for incidents which cause the vessel to be demobilised and be deprived of income.68 This does not mean, however, that the insurance will cover all situations when the ship fails to produce income.
The Investment Representations of the Remaining Investors shall be true and correct in all respects when made, and shall be true and correct in all respects on the Subsequent Closing Date with the same force and effect as if they had been made on and as of said date.
Any attempt by a Selling Investor to transfer any of the Preferred Transfer Shares in violation of this Section 5.3 shall be void, and the Company undertakes it will not effect such a transfer nor will treat any alleged transferee as the holder of such shares without the written consent of the Non-Transferring Series A Holders, Non-Transferring Series B Holders, Remaining Investors and Remaining Shareholders.
The Selling Stockholder will not sell any shares of Stock to the Buyer if such Buyer refuses to allow the participation of the Remaining Investors.