Founders Notice definition

Founders Notice shall have the meaning set forth in Section 3(c) hereof.
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Founders Notice shall have the meaning set forth in Section 2.3(b)(iii) of this Agreement.
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Examples of Founders Notice in a sentence

  • The transaction contemplated by the Selling Founder's Notice shall be consummated not later than 60 days after the expiration of the Option Period.

  • Such consent shall not be unreasonably withheld, and shall be based on the Board of Directors' determination, after such inquiry as it deems appropriate, but within thirty days of the date of the Selling Founder's Notice to the Corporation under Section 3, that the Proposed Transferee is not a competitor of the Corporation and is not otherwise an inappropriate investor in the Corporation.

  • The Corporation must exercise such option, no later than fifteen (15) business days after such Selling Founder's Notice is deemed to have been delivered to it, by written notice to the Selling Founder.

  • The Investors who have exercised their options within the fifteen-business-day period specified in Section 5(a) shall have an additional option, for a period of ten (10) business days after delivery of the Second Investor Notice, to purchase all or any part of the Additional Remaining Shares on the terms and conditions set forth in the Selling Founder's Notice, which option shall be exercised by the delivery of written notice to the Chief Financial Officer of the Corporation.

  • If any Founder -------------------------------------------------- desires to sell or otherwise transfer any of his Shares, or of any interest therein, whether voluntarily or by operation of law, in any transaction other than pursuant to clauses (iii) or (iv) of Section 7(a) of this Agreement, such Founder (the "Selling Founder") shall first deliver written notice of his desire to do so (the "Selling Founder's Notice") to the Corporation and each of the other Investors.

  • Not later than fifteen (15) days after the Series D Investors receive the Founders Notice, each Series D Investor shall give written notice to the Principal Transferring Stockholder and the Corporation (the “Series D Notice”) stating whether or not he elects to exercise his option to purchase, the number of Sale Shares, if any, he elects to purchase, and a date and time for consummation of the purchase not more than fifteen (15) days after the receipt of the Series D Notice by the Transferring Stockholder.

  • Settlement for any Shares purchased, pursuant to this Section 6.5 shall be made in cash within sixty (60) days following receipt of the original Notice described in Section 6.2 above, PROVIDED, THAT, if the terms of payment set forth in the selling Founder's Notice were other than cash against delivery the Company shall pay for said Shares on the same terms and conditions set forth in the Notice.

  • To explicitly designate a particular (perhaps prior) issue, the last two digits of the year of issue may be appended, as, "ASCII 63" or "USASCII 63".

  • Pursuant to this Section 5, each ---------------- Investor may transfer to the Proposed Transferee(s) identified in the Selling Founder's Notice such Investor's Pro Rata Share of the Remaining Offered Stock by giving written notice to the Selling Founder within fifteen (15) days after the date of the Selling Founder's Notice; specifying the number of shares and type of Stock that such Investor desires to transfer to each Proposed Transferee by exercising the Right of Co-Sale.

  • Any proposed transfer on terms and conditions more favorable to the Selling Founder than those described in the Selling Founder's Notice, as well as any subsequent proposed transfer of any Stock by the Selling Founder, shall again be subject to the Right of Co-Sale.

Related to Founders Notice

  • Proposed Transfer Notice means written notice from a Key Holder setting forth the terms and conditions of a Proposed Key Holder Transfer.

  • Offeror’s Notice means the notice described in Section 12.3.

  • Seller’s Notice has the meaning set forth in Section 8.5(a).

  • Transfer Notice means the notice of a proposed transfer of Shares described in Section 8.

  • First Offer Notice shall have the meaning set forth in Section 14.4(a).

  • Offering Notice has the meaning set forth in Section 4.3(b).

  • Put Option Notice means a notice which must be delivered to a Paying Agent by any Noteholder wanting to exercise a right to redeem a Note at the option of the Noteholder;

  • Nomination Notice means all information and documents that a Nominating Stockholder is required to submit to the Secretary of the Corporation pursuant to Section 2.6(f).

  • Offer Notice shall have the meaning set forth in Section 4.1.

  • Transfer Notice Date has the meaning given to it in Section 2.06.

  • ROFO Notice is defined in Section 6.2(a).

  • Buy-Sell Notice shall have the meaning set forth in Section 12.1(a).

  • Minimum Offering Notice means a written notification, signed by Broker, pursuant to which the Broker shall represent (1) that subscriptions for the Minimum Offering have been received, (2) that, to the best of Broker’s knowledge after due inquiry and review of its records, Cash Investment Instruments in full payment for that number of Shares equal to or greater than the Minimum Offering have been received, deposited with and collected by NCPS, (3) and that such subscriptions have not been withdrawn, rejected or otherwise terminated, and (4) that the Subscribers have no statutory or regulatory rights of rescission without cause or all such rights have expired.

  • Second Notice means notice to the Class in a form to be approved by the Court, which shall substantially be in accordance with the notice at Schedule “E”.

  • CFIUS Notice means a joint voluntary notice with respect to the transactions contemplated by this Agreement prepared by the parties and submitted to CFIUS in accordance with the requirements of the DPA.

  • Option Notice has the meaning set forth in Section 5.2(a).

  • Pre-Notice shall have the meaning ascribed to such term in Section 4.13.

  • Registration Notice has the meaning specified in Section 2.1(a).

  • Investor Notice means written notice from an Investor notifying the Company and the selling Key Holder that such Investor intends to exercise its Secondary Refusal Right as to a portion of the Transfer Stock with respect to any Proposed Key Holder Transfer.

  • Restriction Notice has the meaning set forth in Section 8.04(f) hereof.

  • Call Option Notice means a written notice from the holder of the Call Option or the Administrator, as applicable, stating its desire to exercise the Call Option on the related Reset Date, delivered to each Clearing Agency, the Indenture Trustee, the Remarketing Agents, the Rating Agencies and, if the related class of Reset Rate Notes is then listed on the Luxembourg Stock Exchange, the Administrator will forward a copy to the Luxembourg Listing Agent (the contents of which are to be published in a leading newspaper having general circulation in Luxembourg).

  • ROFR Notice has the meaning set forth in Section 3.02(d).

  • Sales Notice shall have the meaning ascribed to such term in Section 2(b)(i).

  • Purchase Option Notice As defined in Section 3.18(e).

  • Undersubscription Notice means written notice from an Investor notifying the Company and the selling Key Holder that such Investor intends to exercise its option to purchase all or any portion of the Transfer Stock not purchased pursuant to the Right of First Refusal or the Secondary Refusal Right.

  • Sale Notice has the meaning set forth in Section 3.04(b).