Examples of Participation Rights in a sentence
The parties acknowledge and agree that, as of the date of this Warrant, the Holder does not possess any Participation Rights, and the Company has not undertaken any obligation to grant Participation Rights to the Holder in the future.
The Company further agrees and covenants any instrument memorializing Participation Rights granted to the Holder (if any) shall describe, in reasonable detail, the right of the Holder to assign its Participation Rights to ESD contained in this Section 8(i).
Without limiting any other rights of the Holder hereunder, in the event: (i) that, as a result of this Warrant or the Warrant Shares issuable hereunder, the Holder is granted any right to participate in future offerings of the Company’s equity securities (the “Participation Rights”) and (ii) the Holder does not wish to utilize such Participation Rights, the Holder may assign such Participation Rights to the New York State Urban Development Corporation d/b/a Empire State Development (“ESD”).