Fully Retired definition

Fully Retired means that the Buyer shall have fully disposed of all the Securities issued or issuable hereunder, shall no longer have any investment in, or ownership of, any of the Securities, all amounts owed to YA Global under the Transaction Documents shall have been paid, and the Transaction Documents shall have been terminated. When the Securities are Fully Retired, the remaining Escrow Funds shall be returned to the Company or otherwise disbursed in accordance with the Escrow Agreement.
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Fully Retired means a dentist, dental hygienist, or denturist is at least 65 years old and has totally withdrawn from the active practice of dentistry, dental hygiene, or denturism.
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Fully Retired means that the Buyer shall have fully disposed of all the Securities issued or issuable hereunder, shall no longer have any investment in, or ownership of, any of the Securities, all amounts owed to YA Global under the Transaction Documents shall have been paid, and the Transaction Documents shall have been terminated. When the Securities are Fully Retired, the remaining Escrow Funds shall be returned to the Company or otherwise disbursed in accordance with the Escrow Agreement. The Company shall pay a structuring and due diligence fee to the Investment Manager of Thirty-Five Thousand Dollars ($35,000) which shall be paid directly from the proceeds of the First Closing. The structuring and due diligence fee shall be nonrefundable and payable whether or not any Closing occurs. As promptly as possible, but in no event later than two (2) Business Days following the Company’s receipt of notification that the Listed Shares have been listed on the American Stock Exchange, the Company shall issue to the Buyer ninety four thousand eight hundred and ninety-nine (94,899) shares of Common Stock (the “First Closing Commitment Shares”). As promptly as possible, but in no event later than two (2) Business Days after the Third Closing, the Company shall file an application for the listing upon the American Stock Exchange of Sixty Thousand Dollars ($60,000) of Common Stock, calculated based on the volume weighted average price of the Common Stock over the five (5) trading days prior to the Third Closing (the “Third Closing Commitment Shares” and together with the First Closing Commitment Shares, the “Commitment Shares”) and upon notification that such shares have been listed will use its best efforts to secure and maintain such listing. As promptly as possible, but in no event later than two (2) Business Day following the Company’s receipt of notification that the Third Closing Commitment Shares have been listed on the American Stock Exchange, the Company shall issue the Buyer the Third Closing Commitment Shares. Reserved.
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Examples of Fully Retired in a sentence

  • The Investment Manager shall periodically receive portions of the Escrow Funds in accordance with the Escrow Agreement until either: (1) the Escrow Funds shall have been fully disbursed pursuant the Escrow Agreement or (2) the Securities shall have been Fully Retired.

  • When the Securities are Fully Retired, the remaining Escrow Funds shall be returned to the Company or otherwise disbursed in accordance with the Escrow Agreement.

  • When the Securities (as defined below) are Fully Retired, the remaining Escrow Funds shall be returned to the Company or otherwise disbursed in accordance with the Escrow Agreement.

  • The Investment Manager shall periodically receive portions of the Escrow Funds in accordance with the Escrow Agreement until either: (1) the Escrow Funds shall have been fully disbursed pursuant the Escrow Agreement or (2) the Securities (as defined below) shall have been Fully Retired.

Related to Fully Retired

  • Retired means that an architect is not engaged in the practice of architecture or earning monetary compensation by providing professional architectural services in any licensing jurisdiction of the United States or a foreign country.

  • Disability retirement for plan 1 members, means the period

  • Retired employee means an employee of the state who retired after April 29, 1971,

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Early Retirement means retirement, with consent of the Committee at the time of retirement, from active employment with the Company and any Subsidiary or Parent Corporation of the Company.