Initiating Group definition
Examples of Initiating Group in a sentence
The Initiating Group shall not be precluded from hiring any such person who has been terminated by the Other Group prior to commencement of employment discussions between such person and the Initiating Group or its representatives.
The Initiating Group shall select an underwriter (which shall be reasonably acceptable to the Company) for such underwriting and shall together with the Company enter into an underwriting agreement in customary form with the underwriter.
The Initiating Group shall not be precluded from hiring any such person who has been terminated by the Other Group at least 90 days prior to commencement of employment discussions between such person and the Initiating Group or its representatives.
Neither Party nor its Affiliates (collectively, the "Initiating Group") shall, directly or through its representatives, solicit for employment any officer, director, employee or consultant of the other Party or its subsidiaries or controlled affiliates (collectively, the "Other Group") with whom the Initiating Group has had contact in connection with, or who otherwise participates in, the transactions contemplated by this Agreement.
In such event, the right of any Holder to include its Registrable Securities in such registration shall be conditioned upon such Holder's participation in such underwriting and the inclusion of such Holder's Registrable Securities in the underwriting (unless otherwise mutually agreed by a majority in interest of the Initiating Group and such Holder) to the extent provided herein.
The underwriter will be selected by the Company and must be approved by the Initiating Group, and such approval shall not be unreasonably withheld.
The Initiating Group shall provide notice to the Company of such demand in writing, which notice shall set forth (i) the aggregate number of Registrable Securities to be included, (ii) the names of the Selling Holders and the number of Securities to be sold by each such Selling Holder, and (iii) the proposed manner of sale.
Such election, which shall be irrevocable, shall be made by written notice from the Other Group to the Initiating Group within 15 days of the Receipt Date, provided however if the Other Group fails to duly make an election in this time period, it shall conclusively be deemed to have elected the Sale Option.
In the event of Deadlock, either group (in either case, the "Initiating Group") may give notice to the other group (the "Offeree Group") that the Initiating Group, jointly and severally, desires either (i) to purchase all (but not less than all) of the Member Interests held by the Offeree Group or (ii) to sell all (but not less than all) of the Initiating Group's Member Interests to the Offeree Group.
During the Term of this Agreement, neither Party nor its Affiliates (collectively, the "Initiating Group") shall, directly or through its representatives, solicit for employment or hire any officer, director, employee or consultant of the other Party or its subsidiaries or controlled Affiliates (collectively, the "Other Group") with whom the Initiating Group has contact in connection with, or who otherwise is known by the Initiating Group to participate in, the transactions contemplated by this Agreement.