Initiating Seller definition

Initiating Seller is defined in Section 12.3.1, for the purposes of Section 12.3.
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Initiating Seller has the meaning set forth in Section 7.5(a).
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Initiating Seller has the meaning ascribed thereto in Section 2(b)(iii) of this Registration Rights Agreement.
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Examples of Initiating Seller in a sentence

  • Unless the Selling Member in question shall have taken all actions reasonably requested by the Initiating Seller in order to comply with the requirements under Regulation D, such Selling Member shall not have the right to require the payment of cash in lieu of securities under this Section 12.4.1.

  • The Initiating Seller shall, not less than 30 days prior to a proposed Sale to which Section 12.2.1 is applicable, give written notice to each other Member of such proposed Sale.

  • The Tag-Along Right may be exercised by a Selling Member by giving written notice to the Initiating Seller (the “Tag-Along Notice”) within 15 days following such Selling Member’s receipt of the Notice of Proposed Sale to Members (the “Tag-Along Period”).

  • The closing of a Sale pursuant to Section 12.2 or Section 12.3 shall take place at such time and place as the Initiating Seller shall specify by reasonable advance notice to each Selling Member.

  • It is understood and agreed that the Initiating Seller shall not have any liability to any other Member arising from, relating to or in connection with any proposed transaction which has been the subject of a Tag-Along Notice or a Take-Along Notice, whether or not such proposed transaction is consummated, other than liability for breach of the applicable provisions of this Agreement.

  • The Stock purchased from the Drag-Along Seller by the Proposed Transferee pursuant to this Section 8(c) shall be paid for at the same price per share and upon terms and conditions no less favorable than the terms and conditions applicable to the Stock to be sold by the Initiating Seller.

  • If the Initiating Seller consummates the Sale referred to in the Take-Along Notice, the Selling Member shall be bound and obligated to sell the appropriate proportion of such Selling Member’s Units in the Sale on the same terms and conditions as the Initiating Seller shall sell its Units in the Sale.

  • The Initiating Seller shall notify the Company, and the Company shall promptly notify the Drag-Along Seller in writing of such proposed Transfer (the "Sale Notice").

  • A Take-Along Notice shall set forth the principal terms of the proposed Sale insofar as it relates to the Interest to be purchased from the Initiating Seller, the Sale Percentage, the per Unit purchase price and the name and address of the Proposed Transferee.

  • A Take-Along Notice shall set forth the principal terms of the proposed Sale insofar as it relates to the Interest to be purchased from the Initiating Seller, the Sale Percentage, the per Unit purchase price with respect to each Class and the name and address of the Proposed Transferee.


More Definitions of Initiating Seller

Initiating Seller shall have the meaning set forth in Section 6(a).
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Initiating Seller means, as applicable, an Initiating ROFO Seller, Initiating Tag-Along Seller or the ESOP Trustee.
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Initiating Seller as the meaning set forth in Section 5.3 hereof. “Linebacker Patents” has the meaning set forth in Section 9.2(a) hereof. “Non-Control Seller” has the meaning set forth in Section 5.2 hereof. “Non-Initiating Seller” has the meaning set forth in Section 5.3. hereof.
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Initiating Seller as the meaning set forth in Section 5.3 hereof.
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Initiating Seller means each Initiating Tag-Along Seller and each Initiating Drag-Along Seller.
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Related to Initiating Seller

  • Transferring Stockholder has the meaning assigned to such term in Section 3.4(a).

  • Tag or “RFID tag” means the unique identification number or Radio Frequency Identification (RFID) issued to a licensee by the agency for tracking, identifying and verifying marihuana plants, marihuana products, and packages of marihuana product in the statewide monitoring system.

  • Controlling Shareholder means any shareholder owning more than fifty

  • Qualified buyer means an applicant who meets the criteria in section 4.

  • Direct seller means a person selling consumer products to individuals for personal or household use and not from a fixed retail location, including selling such product at in-home product demonstrations, parties, and other one-on-one selling.