Examples of Material Development in a sentence
In the event the Company shall exercise a Material Development Election during a period when a Registration Statement filed pursuant to Section 6(b) hereof is effective, the time period specified in Section 6(b) hereof during which such Registration Statement is required to be kept effective shall be extended by the number of days during which the Holders are prohibited by the Company from publicly selling or distributing their securities.
Upon the effectiveness of this Agreement, the situation of Pledged Equity is set out below: Domestic Company’s Name: Dalian Tofa New Material Development Co., Ltd.
The Company shall, as promptly as practicable, give the Holders written notice of any such Material Development Election.
If the Holders have been required to refrain from disposing of their Registrable Securities as a result of a Material Development Election, the Company shall, as promptly as practicable following the determination that the Holders may recommence such sales, notify such Holders in writing of such determination (but in any event no later than the end of such 45-day period).
In the circumstances where there is a Pending Material Development with respect to the Company, a confidential memo will be sent to all Restricted Persons, as well as to other Employees if it is determined appropriate, informing them of the Blackout Period with respect to such Pending Material Development at which time they shall cease Trading until further notice.
Notwithstanding the foregoing provisions of this Section 6(o), in the event a Registration Statement is filed and subsequently withdrawn by reason of any existing or anticipated Material Development Condition as provided above, the Company shall use commercially reasonable efforts to cause a new Registration Statement covering the Registrable Securities to be filed with the SEC as soon as reasonably practicable, but no later than the expiration of ninety (90) days from the Delay Notice.
In the event the Company shall exercise a Material Development Election during a period when a Registration Statement filed pursuant to Section 6.1 hereof is effective, the time period specified in Section 6.1 hereof during which such Registration Statement is required to be kept effective shall be extended by the number of days during which the Holders are prohibited by the Company from publicly selling or distributing their securities.
This alternative will only be available during a Blackout Period if the written notice of the Blackout Period so states.A Blackout Period will generally be imposed by the CEO by notice in writing:• as a result of a Pending Material Development, once negotiations on a proposed transaction have progressed to a point where it reasonably could be expected that the market price of the Company’s securities would materially change if the status of the negotiations or transaction were publicly disclosed.
In no event shall the restrictions under Subsection (a) or Subsection (b), pursuant to one or more Hold-Back Elections or Material Development Elections, remain in effect for more than ninety (90) days in the aggregate in any calendar year.
Additional Information: The photocatalyst materials tested in the photoreactor were initially generated from the Science Innovation Fund Project “An In-Depth Study of Photocatalytic Charge Transport and Material Development through Synthesis, Characterization, andPhotocatalytic Properties for In Situ Resource Utilization and Fuel Production on Mars”.