Initiating Stockholders definition
Examples of Initiating Stockholders in a sentence
In order for one or more Initiating Stockholders to exercise their right to demand that a Registration Statement be filed, they must so notify the Company in writing indicating the number of shares sought to be registered.
Notwithstanding anything to the contrary contained in Section 2.1(a), if the Initiating Stockholders so elect, the offering of such Registrable Securities pursuant to such Demand Registration shall be in the form of a firm commitment Underwritten Offering; and such Initiating Stockholders may require that all Persons participating in such registration sell their securities to the Underwriters at the same price and on the same terms of underwriting applicable to the Initiating Stockholders.
If a registration statement filed by Parent at the request of the Initiating Stockholder(s) pursuant to this Section 5.1 is withdrawn at the initiative of Parent, then the Initiating Stockholder(s) shall not be deemed to have exercised a right to require Parent to register Registrable Shares pursuant to this Section 5.1.
During the period during which the Shelf Registration is effective, Parent shall supplement or make amendments to the Shelf Registration, if required by the Securities Act or if reasonably requested by the Initiating Stockholders or an underwriter of Registrable Securities, including to reflect any specific plan of distribution or method of sale, and shall use its reasonable best efforts to have such supplements and amendments declared effective, if required, as soon as practicable after filing.
The amount of Participation Securities to be sold by the Initiating Stockholders shall be reduced to the extent necessary to provide for such sales of Shares by Participating Offerees.