Block Holder definition
Examples of Block Holder in a sentence
Upon the written request of any Control Block Holder, given within 20 Business Days after such Control Block Holder’s receipt of such notice, the Company will, subject to the Underwriter Cutback, use its reasonable best efforts to cause to be included in and sold pursuant to the prospectus all of the Registrable Securities which each such Control Block Holder has requested be included in the filing.
Subject to the limits set out in Section 3.4 and Article 4, if at any time after 180 days after the closing of an IPO (including a Qualified IPO), the Company receives a written request from a Control Block Holder that such Control Block Holder wishes to require the Company to file a prospectus in the Qualifying Jurisdictions, then the Company will, within 10 Business Days following receipt of the request, give written notice of the request to all other Control Block Holders.
Each Control Block Holder that wishes to require the Company to file a prospectus in the Qualifying Jurisdictions and to include in any such prospectus all or part of its Registrable Securities must send a written notice to the Company within 15 Business Days after receipt of the Company’s notice, stating the number and intended manner of disposition of the Registrable Securities to be included in the prospectus.
The report also needs to show when the NPAC Personnel notified the appropriate parties that the De Pooling / Reclamation was accomplished, such as Pool December 1, 2000 SOW 25NE Administrator, Block Holder, Code Holder, as per INC Guidelines.
The Control Block Holder has due and sufficient right and authority to enter into this Agreement on the terms and conditions herein set forth and to transfer the registered, legal and beneficial title and ownership of the 51 Shares of Series A Preferred Stock shares of NECA Stock held by the Control Block Holder.
The Control Block Holder is and will be as of the Closing, the registered and beneficial owner of and will have good and marketable title to all of 51 Shares of Series A Preferred Stock shares held by him and will hold such free and clear of all liens, charges and encumbrances whatsoever; and such shares of NECA Series A Preferred Stock held by the Control Block Holder have been duly and validly issued and are fully paid and non- assessable.