Covered Sale definition

Covered Sale means a sale of a se- curity, other than an exempt sale or a sale of a security future, occurring on a national securities exchange or by or through any member of a national se- curities association otherwise than on a national securities exchange.

Covered Sale means any sale of Securities by the Investor other than (i) a sale to an Affiliate of the Investor or (ii) a transfer that is registered under the Securities Act or effected pursuant to Rule 144 under the Securities Act.

Covered Sale shall have the meaning set forth in Section 6.2(d) hereof.

Examples of Covered Sale in a sentence

• In the event that the Stockholder receiving a Coordination Notice agrees to forego its full Pro Rata Portion of any Covered Sale by written notice to the applicable Initiating Investor, the remainder shall be reallocated to the Notifying Investor in like manner.

• Prior to any such Coordination Transfer, the applicable Stockholder (the “Notifying Investor”) shall provide the other Stockholder with at least five (5) days prior written notice (a “Coordination Notice”) of the Notifying Investor’s intention to Transfer Registrable Securities held by it in a Covered Sale.

• Prior to any such Coordination Transfer, the applicable Stockholder (the “Notifying Investor”) shall provide the other Stockholders with at least five (5) days prior written notice (a “Coordination Notice”) of the Notifying Investor’s intention to transfer Registrable Securities held by it in a Covered Sale.

• Each Party (together with its Affiliates) will have the right to sell in any Covered Sale up to such number of shares of Common Stock equal to such Party’s Pro Rata Portion without the requirement to obtain consent from the other Party (but subject to compliance with Section 5(a)).

• Each Notifying Holder and Notified Holder undertakes to ensure its compliance with Rule 144 in the event of a Covered Sale under Rule 144.

More Definitions of Covered Sale

Covered Sale means any Transfer of Registrable Securities, other than pursuant to Section 1.01(a), Section 1.01(b) or Section 1.02 of this Agreement or to a Permitted Transferee.

Covered Sale means a sale of the Participant's Employer in a transaction that results in the Participant becoming employed by the Purchaser thereof or an affiliate of such Purchaser that is not an Employer.

Covered Sale means a sale or other taxable disposition of any Property described on Exhibit C.

Covered Sale shall have the meaning ascribed thereto in Section 2.1(a) hereof.

Covered Sale means the amount of any disposition of Core Investments made during a Restricted Period by the Borrower or which results in a Restricted Period.

Covered Sale has the meaning set forth in Section 4.03(b).

Covered Sale means the amount of any disposition of Core Investments made during a Restricted Period by the Borrower or 250 Rodeo or which results in a Restricted Period.