Preferred Stock Purchase Agreement means the Preferred Stock Purchase Agreement, dated September 7, 2008, between the Company and the United States Department of the Treasury. Stock Purchase Right means a right to purchase Common Stock pursuant to Section 11 below. Stock Purchase shall have the meaning set forth in the Recitals. Option Closing Purchase Price shall have the meaning ascribed to such term in Section 2.2(b), which aggregate purchase price shall be net of the underwriting discounts and commissions. Initial Optional Purchase Date The first Distribution Date following the date on which the Aggregate Stated Principal Balance is less than 10.00% of the Cut-off Date Balance.Ĭommon Stock Purchase Agreement means an agreement among the Investor and/or PJC, Emergent and any Convertible Note Holder who accepts and exchanges all of its Convertible Notes in the Convertible Note Exchange Offer and elects to participate, substantially in the form attached hereto as Exhibit A, pursuant to which Emergent will issue and sell (a) to the Investor and/or PJC, in the aggregate, 75,000,000 Shares at a price of $0.20 per share, and (b) to any Convertible Note Holder who accepts and exchanges all of its Convertible Notes in the Convertible Note Exchange Offer that so requests, for every $1,000.00 of principal amount of Convertible Notes that it tenders into the Convertible Note Exchange Offer, 500 Shares at a price of $0.20 per share provided, that the aggregate maximum number of Shares to be so issued and sold to the Convertible Note Holders who accept and exchange all of their Convertible Notes in the Convertible Note Exchange Offer pursuant to the Common Stock Purchase Agreement shall not exceed 40,000,000. Stock Purchase Price has the meaning set forth in Section 2 of the Subscription Agreement. Stock Purchase Date has the meaning specified in the Stock Purchase Contract Agreement. The “Stated Amount” of each Corporate Unit evidenced hereby shall (i) from and including to but excluding the First Stock Purchase Date, be $75.00, (ii) from and including the First Stock Purchase Date to but excluding the Second Stock Purchase Date, be $50.00 and (iii) from and including the Second Stock Purchase Date to but excluding the Third Stock Purchase Date, be $25.00. Some projects were written off in 2018 as they are no longer proceeding (see Note 7(B)). If there is a Failed Remarketing, each Holder of Debentures that are Separate Debentures will have the right to require the Company to redeem all or a portion of its Separate Debentures, but excluding any Additional Debentures, on the Second Stock Purchase Date (the “Put Right”).Ī designated module is determined by the course or subject within which it is validated. Such right will be exercisable only upon delivery of notice to the Trustee on or prior to 11:00 a.m., New York City time, on the second Business Day prior to the Second Stock Purchase Date (a “Put Notice”). Thereafter, the Collateral Agent shall promptly remit the Proceeds in excess of the aggregate Purchase Price for the shares of Common Stock to be issued on the Second Stock Purchase Date under such Stock Purchase Contracts to the Stock Purchase Contract Agent for payment to the Holders of the Normal Common Equity Units to which such Series D Debt Securities relate. Examples of Second Stock Purchase Date in a sentence
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |