Block Trade means an offering and/or sale of Registrable Securities by any Holder on a block trade or underwritten basis (whether firm commitment or otherwise) without substantial marketing efforts prior to pricing, including, without limitation, a same day trade, overnight trade or similar transaction.
Block Trade shall have the meaning given in Section 2.4.1.
Block Trade means a single Swap transaction publicly reportable under Part 43 of the CFTC Regulations that:
Examples of Block Trade in a sentence
For the avoidance of doubt, a Block Trade shall not constitute an Underwritten Takedown.
The Holders of at least a majority of the Registrable Shares being sold in any Block Trade shall select the underwriter(s) to administer such Block Trade; provided that such underwriter(s) shall be reasonably acceptable to SPAC.
Notwithstanding anything to the contrary in this Agreement, SPAC shall be responsible for the Registration Expenses incurred in connection with a Block Trade prior to such Holder’s withdrawal under this Section 2.5(b).
Any Block Trade shall be for at least $20 million in expected gross proceeds.
More Definitions of Block Trade
Block Trade means any non-marketed underwritten takedown offering taking the form of a bought deal or block sale to a financial institution.
Block Trade has the meaning set forth in Section 2.3.
Block Trade means any non-marketed underwritten offering taking the form of a block trade to a financial institution, QIB or Institutional Accredited Investor, bought deal, over-night deal or similar transaction that does not include “road show” presentations to potential investors requiring substantial marketing effort from management over multiple days, the issuance of a “comfort letter” by the Company’s auditors, and the issuance of legal opinions by the Company’s legal counsel.
Block Trade means an Underwritten Offering not involving any “road show” which is commonly known as a “block trade.”
Block Trade means a publicly reportable swap transaction that:
Block Trade means a privately negotiated transaction in a Swap of the type and exceeding the minimum quantity set forth in Rule 601.
Block Trade means a Swap that: (i) has a notional or principal amount at or above the Appropriate Minimum Block Size applicable to such Swap; (ii) is executed pursuant to the SEF Rules and (x) in the case of an Uncleared Block Trade, occurs away from a SEF trading system or platform or (y) in the case of a Cleared Block Trade, is executed on a non-Order Book trading system or platform of the SEF in accordance with Rule 4016(j); and (iii) is a publicly reportable swap transaction that is reported subject to the SEF Rules and procedures of the SEF and Part 43 of the CFTC Regulations.