Examples of Company Sale Notice in a sentence
Subject to subsection 5.2, the Company may at any time effect a Company Public Sale Event pursuant to a Registration Statement filed by the Company if the Company gives each Securities Holder a Company Sale Notice, provided that such Company Sale Notice is given not less than 21 days prior to the initial filing of the related Registration Statement.
The Company Sale Notice shall offer the Securities Holders the opportunity to participate in such offering and include the number of shares of Registrable Common which represents the best estimate of the lead managing underwriter (or, if not known or applicable, the Company) that will be available for sale by the Securities Holders in the proposed offering.
Within 30 days following receipt of the Company Sale Notice (the "Sale Election Period"), any of the Shareholders shall deliver to the Company and the other Shareholders written notice setting forth such holders' election, if any, to deliver a written offer (a "Shareholder Offer"), upon substantially the same terms as described in the Company Sale Notice, to acquire the Company (a "Shareholder Transaction").
Five Arrows shall deliver written notice to the Company setting forth the net consideration per share of Common Stock and Preferred Stock to be paid in connection with any such Company Sale Transaction and the terms of payment thereof (the "Company Sale Notice") and the Company shall promptly upon receipt thereof deliver a copy thereof to the Remaining Stockholder.
In addition, upon receipt of the Company Sale Notice, the CSO Shareholders shall have the rights provided in Section 10.2.