Eligible Offering definition
Examples of Eligible Offering in a sentence
With respect to any election pursuant to paragraph (a) above, the closing of such sale of securities in an Eligible Offering shall take place at the office of counsel for the purchasing Stockholder no later than sixty (60) days following the delivery date of the Offering Notice, or such other place and earlier date as may be agreed by all parties to the transaction.
The Demand Notice must be for the registration and/or Qualified Offering, in an Eligible Offering Jurisdiction, of no less than the Threshold Amount of Offerable Securities applicable to the Holders making such request.
The Company hereby grants to each Stockholder the right to purchase such Stockholder's Proportionate Percentage (as hereinafter defined) of any future Eligible Offering (as hereinafter defined).
If any such offer is accepted by PPG, UDC shall sell to PPG and PPG shall purchase from UDC, for the price and on the terms set forth in UDC's notice of such Eligible Offering, the number of securities that PPG has elected to purchase.
In the event all of the securities being sold in the Eligible Offering are not purchased pursuant to paragraph (b) above, then each Stockholder shall have the right and option to elect to sell, at the price and on the terms stated in the Offering Notice, all or part of that number of securities being offered which is equal to the product obtained by multiplying (i) the aggregate number of shares or securities covered by the proposed sale by (ii) such Stockholder's Proportionate Percentage.