Demand Sale definition

Demand Sale means the sale of the Demand Registrable Securities under the Demand Registration Statement in a single firm-commitment underwritten public offering.
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Demand Sale shall have the meaning set forth in Section 2.03.
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Demand Sale means the sale of any Class A Common Stock in an offering made pursuant to a Demand Registration.
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Examples of Demand Sale in a sentence

  • The Initial Sale and the Demand Sale shall each be in the form of a single firm-commitment underwritten public offering, and the Managing Underwriters and Co-Managers for the Initial Sale and the Demand Sale shall be selected in accordance with Section 6.8.

  • For the avoidance of doubt, in any Demand Sale pursuant to this Section 2.03, each Stockholder shall be entitled to the same pro rata portion of the total consideration as such holder’s pro rata ownership of the outstanding shares of Class A Stock.

  • This Agreement shall terminate automatically upon the consummation of a Demand Sale or otherwise with the written consent of each Stockholder.

  • The Company shall promptly pursue a Demand Sale after receiving an Exit Notice (including appointing investment banking and legal advisors which are reasonably acceptable to each Stockholder).