Disposing Shareholder definition

Disposing Shareholder means a Shareholder who desires to Dispose of all or a part of the shares owned by that Shareholder.

Disposing Shareholder shall have the meaning specified in Section 4.2(a).

Disposing Shareholder. Refers to any Existing Major Shareholder or assignee of his/her Equity Securities.

Examples of Disposing Shareholder in a sentence

• The Notice of Transfer shall prove that the Disposing Shareholder has received a firm offer from the potential assignee and is satisfied in good faith that it may enter into a binding agreement on the Transfer in accordance with the terms of the Notice of Transfer.

• No Transfer of the Offered Shares shall be made on terms and conditions, including the form of consideration, different from those contained in the Disposition Notice unless the Disposing Shareholder re-offers the Offered Shares subject to the Disposition Notice to the Shareholders in accordance with this Section 4.3.

• Upon receipt of a notice from an Accepting Shareholder, the Disposing Shareholder shall allow such Accepting Shareholder to dispose of such Accepting Shareholder's pro rata share of Common Stock (based on the total number of shares of Common Stock owned by the Accepting Shareholder(s) and the Disposing Shareholder in relation to the total number of shares of Common Stock to be sold) on the same terms as contained in the Offer Notice.

• If (i) a Disposing Shareholder intends to Transfer directly or indirectly any of his Equity Securities to one or more third parties, or (ii) at any time any Equity Securities held by a Disposing Shareholder are involuntarily transferred, the Disposing Shareholder shall give notice in writing (the “Notice of Transfer”) to the company to whom the Transfer is made and to the Investors.

• To the extent that Co-Sale Shareholders participate in the subject sale of Offered Shares hereunder, the Disposing Shareholder shall be required to proportionately reduce the number of its Shares included in the Offered Shares.

More Definitions of Disposing Shareholder

Disposing Shareholder shall have the meaning ascribed thereto in clause 10 1.1;

Disposing Shareholder has the meaning given to it in Section 3.3(a).

Disposing Shareholder has the meaning set forth in Section 8.3(a). Dispute and Disputing Party have the meanings set forth in Section 10.1(a).

Disposing Shareholder has the meaning set out in Clause 28.3.1;

Disposing Shareholder is defined in Clause 5.1;

Disposing Shareholder is defined in Section 11.4(a).

Disposing Shareholder means a Shareholder which proposes to Dispose of Shares to the Majority Purchaser;