Examples of Initiating Stockholder in a sentence
Any Stockholder with an intent to Trade any Registered Common Stock (each, an “ Initiating Stockholder ”) shall provide the Company and the other Stockholders with at least two (2) full business days’ prior written notice (the “ Trade Proposal ”) of such Initiating Stockholder’s intent to Trade such Registered Common Stock; provided , however , that no such prior written notice is required for an Exempt Trade (as defined in Section 1.3(a) ).
Such notice (the "Participation Notice") shall set forth the terms and conditions of such proposed Transfer, including the name of the prospective transferee, the number of Common Stock Equivalents proposed to be transferred (the "Participation Securities") by the Initiating Stockholder, the purchase price per share proposed to be paid therefor and the payment terms and type of Transfer to be effectuated.
The amount of Participation Securities to be sold by any Initiating Stockholder shall be reduced to the extent necessary to provide for such sales of Subject Securities by Participating Offerees.
If the Company shall withdraw any Demand Registration pursuant to Section 5.05 before the end of such 180 day period and before all of the Registrable Shares covered by such Demand Registration have been sold pursuant thereto, the Initiating Stockholder shall be entitled to a replacement Demand Registration which shall be subject to all of the provisions of this Article V.
In such event or in the case of an Underwritten Shelf Takedown, the lead underwriter to administer the offering shall be chosen by the Initiating Stockholder, subject to the prior written consent, not to be unreasonably withheld or delayed, of the Company.