Examples of First Refusal Allocation in a sentence
Each Acceptance Notice shall include a statement of (i) the number of Shares held by such Offeree and (ii) the maximum number of Excess Offered Shares (up to the total number of Offered Shares less such Offeree’s First Refusal Allocation) that such Offeree is willing to purchase, if any.
Each Acceptance Notice shall include a statement of (i) the number of Shares held by such Offeree on a non-diluted basis and (ii) the maximum number of Excess Offered Shares (up to the total number of Offered Shares less such Offeree’s First Refusal Allocation) that such Offeree is willing to purchase, if any.
Each Acceptance Notice shall include a statement of (i) the number of the Equity Securities of the Company held by such Offeree on an as-converted basis and (ii) the maximum number of Excess Offered Shares (up to the total number of Offered Shares less such Offeree’s First Refusal Allocation) that such Offeree is willing to purchase, if any.
Each Acceptance Notice shall include a statement of (i) the number of the Equity Securities of the Company held by such Offeree on an as- converted basis and (ii) the maximum number of Excess Offered Shares (up to the total number of Offered Shares less such Offeree’s First Refusal Allocation) that such Offeree is willing to purchase, if any.
The Preferred Holders shall not have a right to purchase any of the Offered Shares unless it exercises its right of first refusal within the Option Period to purchase up to all of its First Refusal Allocation of the Offered Shares.
Recitals Term Section First Refusal Allocation ..................................................................
Each Series A Acceptance Notice shall include a statement of (i) the number of Shares held by such Offeree and (ii) the maximum number of Series A Excess Offered Shares (up to the total number of Series A Offered Shares less such Series A Offeree’s Series A First Refusal Allocation) that such Series A Offeree is willing to purchase, if any.
If a Preferred Holder has not applied to purchase its First Refusal Allocation of the Offered Shares, the Company shall give each other Preferred Holder that has applied to purchase up to all of its First Refusal Allocation of the Offered Shares a written notice specifying the number of remaining Offered Shares (the “First Refusal Second Allocation Notice”).
In the event that a Preferred Holder has not elected to purchase any or all of its First Refusal Allocation of the Offered Shares, then the sale of the remaining Offered Shares will become subject to the co-sale right of the Preferred Holders as set forth in Section 4.4 below.
In addition, in the event that one or more Offerees (“Non-Electing Offerees”) declines or is deemed pursuant to Clause 15.5(c) to have waived its First Refusal Right, each Offeree electing to exercise its First Refusal Right (an “Electing Offeree”) shall have the right as provided in Clause 15.5(d) to purchase all or a portion of the Offered Shares constituting the aggregate First Refusal Allocation of the Non-Electing Offerees (the “Excess Offered Shares”).