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 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, initiate the offering in such Block Trade of the Registrable Securities for which such requesting holder has requested such offering under Section 2.1.7.

Appears in 4 contracts

Samples: Addendum Agreement (Allurion Technologies, Inc.), Addendum Agreement (Compute Health Acquisition Corp.), Addendum Agreement (Allurion Technologies Holdings, 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 the Company 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, initiate use commercially reasonable efforts to facilitate the offering in of such Block Trade of the Registrable Securities for which such requesting holder has requested in such offering under Section 2.1.7Block 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.)

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 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, initiate the offering in such Block Trade of the Registrable Securities for which such requesting holder has requested such offering under Section 2.1.72.1.6.

Appears in 3 contracts

Samples: Addendum Agreement (GRIID Infrastructure Inc.), Agreement and Plan of Merger (Adit EdTech Acquisition Corp.), Addendum 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 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, initiate effect the offering in such Block Trade of the Registrable Securities for which such requesting holder has requested such offering under Section 2.1.7.

Appears in 2 contracts

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

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 the Company 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, initiate use commercially reasonable efforts to facilitate the offering in of such Block Trade of the Registrable Securities for which such requesting holder has requested in such offering under Section 2.1.7Block 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)

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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 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, initiate the offering in such Block Trade of the Registrable Securities for which such requesting holder has requested such offering under Section 2.1.7.

Appears in 1 contract

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

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 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, initiate effect the offering in such Block Trade of the Registrable Securities for which such requesting holder has requested such offering under Section 2.1.7.

Appears in 1 contract

Samples: Addendum Agreement (Stem, Inc.)

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 the Company 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, initiate use commercially reasonable efforts to facilitate the offering in of such Block Trade of the Registrable Securities for which such requesting holder has requested in such offering under Section 2.1.7Block Trade, and in any event, within 72 hours of receipt of such request.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Spring Valley Acquisition Corp.)

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