Modified Dribble Out Sample Clauses

Modified Dribble Out. In the event of any Transfer of Series 2 PCS Stock by a Selling Cable Partner identified in any Notice of Pending or Completed Disposition as a "dribble out" Transfer, such Selling Cable Partner may, but is not required to, offer to the Class A Holders a Top Up Right on the terms and subject to the conditions set forth in Section 3.03(i) below, mutatis mutandis; provided, however, that the aggregate amount of shares so identified as "dribble out" amounts by each Selling Cable Partner in any three-month period shall not exceed the lesser of (i) the then applicable average weekly trading volume of the Sprint PCS Stock (as determined pursuant to Rule 144) and (ii) 1% of the outstanding shares of Sprint PCS Stock (the "Dribble Out Amount"). A Selling Cable Partner making a "dribble out" Transfer shall deliver a Notice of Pending or Completed Disposition promptly after each such Transfer (which notice shall identify such Transfer as a "dribble out" Transfer). If the Selling Cable Partner so elects to offer to the Class A Holders a Top Up Right, the price at which each Class A Holder shall have the right to purchase the Offered Shares (the "First Offer Price") shall be equal to the price paid or to be paid by the transferee(s) in respect of the "dribble out" Transfer(s) (or the blended average price in the case of a series of such Transfers).
Sample 1
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