Common use of Block Trade Clause in Contracts

Block Trade. If the Company shall receive a request from the holders of Registrable Securities with an estimated market value of at least $10,000,000 that such holders wish to effect the sale of all or any portion of the Registrable Securities in a Block Trade, then the Company shall, as expeditiously as possible, use commercially reasonable efforts to facilitate the offering of such Registrable Securities for which such requesting holder has requested in such Block Trade, and in any event, within 72 hours of receipt of such request.

Appears in 4 contracts

Samples: Registration Rights Agreement (Flexible Solutions International Inc), Registration Rights Agreement (Leo Holdings III Corp.), Registration Rights Agreement (Hims & Hers Health, Inc.)

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Block Trade. If the Company shall receive a request from the holders of Registrable Securities with an estimated market value of at least $10,000,000 that such holders wish to the Company effect the sale of all or any portion of the Registrable Securities in a Block Trade, then the Company shall, as expeditiously as possible, use commercially reasonable efforts to facilitate initiate the offering in such Block Trade of such the Registrable Securities for which such requesting holder has requested in such Block Trade, and in any event, within 72 hours of receipt of such requestoffering under Section 2.1.7.

Appears in 4 contracts

Samples: Investor Rights and Lock Up Agreement (Allurion Technologies, Inc.), Investor Rights and Lock Up Agreement (Compute Health Acquisition Corp.), Investor Rights and Lock Up Agreement (Allurion Technologies Holdings, Inc.)

Block Trade. If the Company shall receive a request from the holders of Registrable Securities with an estimated market value of at least $10,000,000 that such holders wish to the Company effect the sale of all or any portion of the Registrable Securities in a Block Trade, then the Company shall, as expeditiously as possible, use commercially reasonable efforts to facilitate initiate the offering in such Block Trade of such the Registrable Securities for which such requesting holder has requested in such Block Trade, and in any event, within 72 hours of receipt of such requestoffering under Section 2.1.6.

Appears in 3 contracts

Samples: Investor Rights Agreement (GRIID Infrastructure Inc.), Merger Agreement (Adit EdTech Acquisition Corp.), Investor Rights Agreement (Adit EdTech Acquisition Corp.)

Block Trade. If the Company shall receive a request from the holders of Registrable Securities with an estimated market value of at least $10,000,000 that such holders wish to the Company effect the sale of all or any portion of the Registrable Securities in a Block Trade, then the Company shall, as expeditiously as possible, use commercially reasonable efforts to facilitate effect the offering in such Block Trade of such the Registrable Securities for which such requesting holder has requested in such Block Trade, and in any event, within 72 hours of receipt of such requestoffering under Section 2.1.7.

Appears in 2 contracts

Samples: Investor Rights Agreement (Janus International Group, Inc.), Investor Rights Agreement (Janus Parent, Inc.)

Block Trade. If the Company shall receive a request from the holders of Registrable Securities with an estimated market value of at least $10,000,000 that such holders wish to Company effect the sale of all or any portion of the Registrable Securities in a Block Trade, then the Company shall, as expeditiously as possible, use commercially reasonable efforts to facilitate effect the offering in such Block Trade of such the Registrable Securities for which such requesting holder has requested in such Block Trade, and in any event, within 72 hours of receipt of such requestoffering under Section 2.1.7.

Appears in 1 contract

Samples: Investor Rights Agreement (Stem, Inc.)

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Block Trade. If the Company shall receive a request from the holders of Registrable Securities with an estimated market value bona fide anticipated gross proceeds of at least $10,000,000 that such holders wish to effect the sale of all or any portion of the Registrable Securities in a Block Trade, then the Company shall, as expeditiously as possible, use commercially reasonable efforts to facilitate the offering of such Registrable Securities for which such requesting holder has requested in such Block Trade, and in any event, within 72 hours of receipt of such request.

Appears in 1 contract

Samples: Registration Rights Agreement (Leo Holdings Corp. II)

Block Trade. If the Company shall receive a request from the holders Holders of Registrable Securities with an estimated market value of at least $10,000,000 15,000,000 that such holders wish to effect the sale of all or any portion of the Registrable Securities in a Block Trade, then the Company shall, as expeditiously as possiblepracticable, use commercially reasonable efforts to facilitate the offering of such Registrable Securities for which such requesting holder has requested in such Block Trade, and in any event, within 72 hours of receipt of such request.

Appears in 1 contract

Samples: Merger Agreement (Spring Valley Acquisition Corp.)

Block Trade. If the Company shall receive a request from the holders of Registrable Securities with an estimated market value of at least $10,000,000 that such holders wish to the Company effect the sale of all or any portion of the Registrable Securities in a Block Trade, then the Company shall, as expeditiously as possible, use commercially reasonable efforts to facilitate the offering in such Block Trade of such the Registrable Securities for which such requesting holder has requested in such Block Trade, and in any event, within 72 hours of receipt of such requestoffering under Section 2.1.7.

Appears in 1 contract

Samples: Investor Rights and Lock Up Agreement (Immatics N.V.)

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