“Investors” means the Class A Investors and Class B Investors.
. Each Investor, severally and not jointly, hereby represents, warrants and covenants to the Company as of the date hereof and as of the Closing Date (except for the representations and warranties that speak as of a specific date, which shall be made as of such date) as follows:
. The obligations of each Investor under this Agreement are several and not joint with the obligations of any other Investor, and no Investor shall be responsible in any way for the performance of the obligations of any other Investor under this Agreement. The decision of each Investor to purchase Shares pursuant to this Agreement has been made by such Investor independently of any other Investor and independently of any information, materials, statements or opinions as to the business, affairs, operations, assets, properties, liabilities, results of operations, condition (financial or otherwise) or prospects of the Company which may have been made or given by any other Investor or by any agent or employee of any other Investor, and no Investor or any of its agents or employees shall have any liability to any other Investor (or any other Person) relating to or arising from any such information, materials, statements or opinions. Nothing contained herein, and no action taken by any Investor pursuant thereto, shall be deemed to constitute the Investors as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Investors are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated herein. Each Investor acknowledges that no other Investor has acted as agent for such Investor in connection with making its investment hereunder and that no other Investor will be acting as agent of such Investor in connection with monitoring its investment hereunder. Each Investor shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement, and it shall not be necessary for any other Investor to be joined as an additional party in any proceeding for such purpose.
The authorized capital stock of the Company consists of the following: # 59,779,750 shares of Class A common stock, par value $0.01 per share, of which 3,663,843 are issued and outstanding, # 220,250 shares of Class B common stock, par value $0.01 per share, of which 220,250 are issued and outstanding, # 20,000,000 shares of preferred stock, par value $0.01 per share, of which 2,799,848 of the Company’s Series C Non Convertible Preferred Stock are issued and outstanding. The Company shall reserve for issuance and as of the Closing will have sufficient authorized Class A Shares and Series C Shares to issue the Exchange Shares.
Conditions of the Investors’ Obligations at Closing. The obligations of each Investor under Article I of this Agreement are subject to the fulfillment on or before the applicable Closing of each of the following conditions, the waiver of which shall not be effective against any Investor who does not consent thereto.
Independent Nature of Investors’ Obligations and Rights. The obligations of each Investor under any Transaction Document are several and not joint with the obligations of any other Investor, and no Investor shall be responsible in any way for the performance or non-performance of the obligations of any other Investor under any Transaction Document. Nothing contained herein or in any other Transaction Document, and no action taken by any Investor pursuant thereto, shall be deemed to constitute the Investors as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Investors are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction Documents. Each Investor shall be entitled to independently protect and enforce its rights including, without limitation, the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Investor to be joined as an additional party in any proceeding for such purpose. Each Investor has been represented by its own separate legal counsel in their review and negotiation of the Transaction Documents. The Company has elected to provide all Investors with the same terms and Transaction Documents for the convenience of the Company and not because it was required or requested to do so by any of the Investors.
“Hurdle C Investors” means those certain Person C Investors approved by the Lenders at such time as Hurdle C Investors in their sole discretion on or prior to the later of: # the Closing Date and # the time such Person is admitted to a Borrower as an Investor; provided that such Investors shall only be Hurdle C Investors at such times that the Borrowers satisfy the Hurdle Condition. For the avoidance of doubt, such Investors will be considered Hurdle C Investors at all times when the Hurdle Condition is satisfied and at all other times shall be considered Excluded Investors.
“Investors” means # the Sponsors and # the Management Investors.
MEPCA: any agreement pursuant to which # a Sidecar Partnership has agreed to purchase from Developer (with the proceeds of capital contributions from Tax Equity Investors, Cash Equity Investors and Sidecar Debt) Projects, or # a Tax Equity Partnership has agreed to purchase from Developer (with the proceeds of capital contributions from Tax Equity Investors, Cash Equity Investors, Sidecar Debt and Back-Leverage Debt) residential solar projects.
Certain investors listed on [Schedule A] attached hereto to whom LP issued units of limited partnership interest (the “Units”) (the “Investors”)
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