Defaulting Stockholder has the meaning set forth in Section 3.01(e).
Defaulting Stockholder shall have the meaning set forth in Section 4.2(h).
Defaulting Stockholder shall be: (i) in the case of the occurrence of the event referenced in Section 3.1(a), the Stockholder that has transferred all of any portion of such Stockholder's Shares contrary to the provisions of Section 1 or 2; (ii) in the case of the occurrence of any of the events referenced in Sections 3.1(b), (c), or (d), the Stockholder that is subject to such court decree or order or has instituted such proceedings or filed such petitions or who is insolvent, (iii) in the case of the occurrence of the events referenced in Section 3.1(e), the applicable trust, and (iv) in the case of the occurrence of the events referenced in Section 3.1(f), the failure of the recipient of such Shares. For purposes of this Section 3, the “Non-Defaulting Founding Stockholder” shall be any Founding Stockholder who is not a Defaulting Stockholder.
Examples of Defaulting Stockholder in a sentence
For a period of thirty (30) days after the determination of the Purchase Price for any repurchase pursuant to Section 3.1, the Company shall have the right, but not the obligation, to purchase any of the stock of the Defaulting Stockholder (the "Defaulting Stockholder's Offered Stock") for the Purchase Price thereof, and on the terms and conditions set forth in Sections 3.1-3.4 by giving written notice thereof to the Defaulting Stockholder within such thirty (30)-day period.
The term "Selling Party" means upon the occurrence of any Buy/Sell Event, the Defaulting Stockholder.
More Definitions of Defaulting Stockholder
Defaulting Stockholder shall have the meaning set forth in Section 5 of this Agreement.
Defaulting Stockholder has the meaning set forth in Section 13.1(b) hereof.
Defaulting Stockholder shall have the meaning provided in Section 4.11(c).
Defaulting Stockholder shall have the meaning set forth in Section 9(f).
Defaulting Stockholder. As defined in Section 13.2. Directors - The natural persons appointed by the Stockholders to the Board of Directors pursuant to Section 2(a)(iii).
Defaulting Stockholder. Section 10.6(b) "DGCL" Recitals "Dispute Notice" Section 3.2.4(b) "Dissenting Shares" Section 3.1.1(a) "Dissenting Stockholders" Section 3.1.1(a) "Effective Time" Section 2.3 "Equityholder Reserve" Section 3.2.1(d) "ERISA" Section 4.21.1 "ERISA Affiliate" Section 4.21.1 "Estimated Working Capital" Section 3.2.2(c) "Estimated Working Capital Statement" Section 3.2.4(a) "FCPA" Section 4.29 "Final Cash Consideration Decrease" Section 3.2.4(e) "Final Cash Consideration Increase" Section 3.2.4(d) "Final Working Capital" Section 3.2.2(e) "Financial Statements" Section 4.7.1 "Georgica" Preamble "Granite" Preamble "Grant Damages" Section 9.2(c) "H&Q LSSI" Preamble "Indemnification Escrow Amount" Section 3.2.1(b) "Indemnification Escrow Excess" Section 3.2.1(b) "Irrevocable Consent" Section 6.4 "Joinder Agreement" Section 6.17.2 "Lease" and "Leases" Section 4.20.2 "Leave Employee" Section 4.10.2 "Letter of Intent" Section 11.4 "Letter of Transmittal" Section 3.3.2(b) "Long-Form Joinder Agreement" Section 6.17.3 "Merger" Recitals "Merger Consideration" Section 3.1.1(a)
Defaulting Stockholder shall have the meaning set forth in Section 4.2(a) of the Stock Purchase Agreement.