Excess Securities definition

Excess Securities means the Corporation Securities which are the subject of the Prohibited Transfer.

Excess Securities shall have the meaning set forth in Section 2.3(d) hereof.

Excess Securities means Corporation Securities that are the subject of the Prohibited Transfer.

Examples of Excess Securities in a sentence

• The Purported Transferee of Excess Securities shall have no claim, cause of action or any other recourse whatsoever against any transferor of Excess Securities.

• All expenses incurred by the Agent in disposing of such Excess Securities shall be paid out of any amounts due such 4.9-percent Shareholder or such other Person.

• After the Excess Securities have been acquired in a Transfer that is not a Prohibited Transfer, the Corporation Securities shall cease to be Excess Securities.

• The Purported Transferee of Excess Securities shall have no claim, cause of action or any other recourse whatsoever against any Transferor of Excess Securities.

• The Offer by its terms shall remain open and irrevocable for a period of 30 days from the date of its delivery to such ROFR Stockholders (the “30-Day Period”), subject to extension to include the Excess Securities Period (as such term is hereinafter defined).

More Definitions of Excess Securities

Excess Securities means, with respect to any Prohibited Transfer, the Company Securities that are the subject of such Prohibited Transfer.

Excess Securities shall have the meaning set forth in Article V, Section 4.

Excess Securities means any shares of Series B Senior Preferred Stock that are the subject of the Prohibited Transfer.

Excess Securities shall have the meaning assigned in Section 8.1(e).

Excess Securities means shares of Capital Stock or Warrants representing ownership, directly or constructively, in excess of 9.8%, in number of shares or value, of any class of shares of the outstanding Capital Stock (except as otherwise waived by the Board of Directors).

Excess Securities has the meaning given such term in Article 13.

Excess Securities means the aggregate number of Issuance Securities not taken up by the Preferred Shareholders pursuant to their pro rata share of the Proposed Issuance.