Examples of Electing Investor in a sentence
If a Preemptive Investor (the “Electing Investor”) elects to purchase its full Preemptive Pro Rata Share, then such Electing Investor shall have a right of over-allotment such that if any other Preemptive Investor (the “Non-electing Investor”) fails to purchase its Preemptive Pro Rata Share, such Electing Investor may purchase, on a pro rata basis with other Electing Investors, the Non-electing Investor’s Preemptive Pro Rata Share (the “Preemptive Over-Allotment”).
Immediately after such sale, all sale proceeds relating to the securities of each Electing Investor shall be remitted to such Electing Investor.
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If a Notice of Offer is for two or more classes of Capital Stock, then the number of shares of Common Stock and Preferred Stock that any Electing Investor shall have the right to sell shall be determined separately as though separate offers have been made for each of the securities.
The Corporation shall, as soon as practicable thereafter, issue and deliver to the Electing Investor, or to the nominee or nominees of such holder, a certificate or certificates for the number of shares of Class A Common Stock to which such holder shall be entitled as aforesaid (unless shares of Class A Common Stock are then maintained in book-entry form, in which event such number of shares of Class A Common Stock shall be issued in book-entry form).
Each Electing Investor shall indicate its agreement to purchase such Electing Investor’s Pro-Rata Share or such Electing Investor’s Over-Allotment, if any, by giving written notice to the Company and stating therein the quantity of New Securities to be purchased.
The Corporation shall, as soon as practicable thereafter, issue and deliver to the Electing Investor, or to the nominee or nominees of such holder, a certificate or certificates (unless shares of Class A Common Stock are then maintained in book-entry form) for the number of shares of Class A Common Stock to which such holder shall be entitled as aforesaid.
If a Preferred Holder (the “Electing Investor”) elects to purchase its full Pro Rata Share, then such Electing Investor shall have a right of over-allotment such that if any other Preferred Holder (the “Non-electing Investor”) fails to purchase its Pro Rata Share, such Electing Investor may purchase, on a pro rata basis with the other Electing Investors, the Non-electing Investor’s Pro Rata Share (the “Over-Allotment”).
Each Investor who desires to exercise its co-sale rights hereunder (each an “Electing Investor”) must give the Selling Controlling Stockholder written notice to that effect within fifteen (15) days after receipt of the Transfer Notice, which notice shall include the amount and type of securities in the Company such Electing Investor elects to transfer to the Proposed Transferee, and upon giving such notice such Electing Investor shall be deemed to have effectively exercised its right of co-sale hereunder.
In the event that they cannot or do not agree upon the Interests to be purchased by each, then each such Electing Investor shall purchase that percentage of the subject Interests proportionate to that Electing Investor’s respective Interest relative to the aggregate Interests of all Electing Investors.