Examples of Initiating Securityholder in a sentence
The Initiating Securityholder shall provide written notice to the other Selling Securityholder setting forth the consideration to be paid by the purchaser for the securities and the material terms of the sale within ten (10) business days after such Initiating Securityholder exercises the Drag Along Rights pursuant to Section 7.1 ("Drag Along Notice").
Each Securityholder making a demand for registration under this Section 9.1 is referred to herein as an "Initiating Securityholder." For purposes of this Section 9, a registration shall not be deemed to have been effected unless a registration statement with regard thereto has been declared effective and remained effective for a period of one hundred and twenty (120) days (or such shorter period as is permitted in the second sentence of this Section 9.1).
If the Responding Securityholder fails to deliver a Response Election to the Initiating Securityholder on or before the last day of the Response Period, the Responding Securityholder shall be deemed to have irrevocably elected to sell all, but not less than all, of the Responding Securityholder's Company Shares to the Initiating Securityholder on the terms set forth above, and the provisions of SECTION 10.6 shall apply in all other respects.
If a Securityholder (the "INITIATING SECURITYHOLDER") wishes to initiate a Mandatory Purchase and Sale, the Initiating Securityholder shall furnish the other Securityholder (the "RESPONDING SECURITYHOLDER") with a written notice (the "INITIATING MANDATORY OFFER NOTICE") conforming to all of the requirements of this SECTION 10.6(b) (the date such Notice is given being the "INITIATING MANDATORY OFFER NOTICE DATE").
Notwithstanding the foregoing, if the Initiating Securityholder shall be an Initiating Demand Stockholder that has delivered a written request for registration pursuant to Section 3(a), the Company shall provide written notice of the proposed filing of such Registration Statement to all other Demand Stockholders and the Warrant Stockholders then eligible to registration rights pursuant to Section 3 in accordance with Section 3(a), rather than this Section 4(a).
The Initiating Securityholder shall provide written notice to the other Selling Securityholder setting forth the consideration to be paid by the purchaser for the securities and the material terms of the sale within ten (10) business days after such Initiating Securityholder exercises the Drag Along Rights pursuant to Section 7.1 ("DRAG ALONG NOTICE").
Each Securityholder making a demand for registration under this Section 9.1 is referred to herein as an "Initiating Securityholder." For purposes of this Section 9, a registration shall not be deemed to have been effected unless a registration statement with regard thereto has been declared effective and remained effective for a period of one hundred and twenty (120) days (or such shorter period as is permitted in the first sentence of this Section 9.1).