Applicable Holder definition
Examples of Applicable Holder in a sentence
Each Applicable Holder hereby unconditionally and irrevocably grants to J▇▇ ▇▇▇▇▇▇▇ and R▇▇▇▇▇ ▇▇▇▇▇▇ a secondary right (the “Secondary Right”) to purchase all or any portion of the Unreleased Shares not purchased by C▇▇▇▇ dos S▇▇▇▇▇, B▇▇▇▇▇▇▇ ▇▇▇▇▇ or L▇▇ ▇▇▇▇▇▇, as the case may be pursuant to Subsection 2.2(b) hereof, as provided in this Subsection 2.2(c).
Each Applicable Holder agrees to the addition of Applicable Holders pursuant to the foregoing.
If an Applicable Holder fails to give written notice to the Company within the Preemptive Right Period, such Applicable Holder shall be deemed to have declined such Offer.
Neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by any of the parties hereto (whether by operation of law or otherwise) without the prior written consent of the other parties, except by an Applicable Holder as follows: in connection with the transfer of its Registrable Securities in whole or in part to another Person; provided that the transferee executes an appropriate document agreeing to be bound hereby as an Applicable Holder.
The closing of the purchase of Unreleased Shares shall take place, and all payments from the applicable Key Holders shall have been delivered to the Applicable Holder, within ten business days following the expiration of fifteen business day notice period set forth in this Section 2.2.