Examples of Initial Investor Shares in a sentence
From time to time after the Initial Public Offering, (a) during all such times as the Investors hold at least twenty-five percent (25%) of the Initial Investor Shares, the Majority Investors or (b) at all other times, the Majority Stockholders, may determine to require the Stockholders to make reasonable efforts to coordinate their efforts to Transfer Shares pursuant to Rule 144 (“144 Coordination”) or to discontinue such requirement.
No Investor shall be entitled to purchase shares pursuant to the right of first offer, (i) at any time that it collectively owns Investor Shares representing less than 5% of the Initial Investor Shares held by such Investor, (ii) in connection with any Company Sale that is a merger, consolidation, business combination or similar transaction involving the sale of all or substantially all of the entire Parent and (iii) in connection with a drag-along sale described below.
At any time and from time to time on or after the Second Release Date, the holders of a majority in interest of the Initial Investor Shares may request a Demand Registration for all or part of their Registrable Securities.
The Company shall deliver evidence from the Company’s transfer agent of the issuance to the Investor of the Initial Investor Shares (in book entry form) on and as of the Initial Closing Date, as promptly as practicable after the Closing Date (and in any case, no later than the Business Day after the Initial Closing Date).
Thereafter, the Majority Investors (or, if at a time when the Investors no longer hold at least twenty-five percent (25%) of the Initial Investor Shares, the Majority Stockholders) may reinstitute and discontinue 144 Coordination from time to time by providing notice to each Stockholder.
For purposes hereof, it shall be assumed that any Transfer by TPG pursuant to Section 4.4 shall be a Transfer of Initial Investor Shares and that any other Transfers by TPG (other than to a Permitted Transferee) are on a last-in-first-out basis (i.e., that any such Transfer is of Investor Shares not acquired on the Closing Date to the extent it owns such shares).
Further, the more compacted the sediments are, the greater is the effective stress (and so the lower the excess fluid pressure) and the greater is the sedimentary consolidation strength, so that salt speed and direction of motion can be influenced more significantly by the corresponding higher sedimentary resistance.Third, early development of excess pressure implies a higher porosity retention and, accordingly, a higher geothermal gradient below salt because of the lower formation thermal conductivity.
Subject to the provisions of Section 9.1, any holder of Initial Investor Shares may Transfer any or all of such Initial Investor Shares: (i) to an Affiliated Fund; or (ii) in a pro rata Transfer to its members or partners.
Following the issuance of the Initial Investor Shares, the Initial Investor Shares will represent a 35% equity interest in the Company.
No holder of Initial Investor Shares shall Transfer any of such Shares to any other Person except as permitted by this Section 4.