Offered Stock definition
Examples of Offered Stock in a sentence
In the event that such sale is not consummated within such 45-day period (as extended if applicable) for any reason, then the restrictions provided for herein shall again become effective, and no transfer of such Offered Stock may be made thereafter by such Selling Stockholder(s) without again complying with this Section 8(b)(iii).
The Company shall, within five (5) days of the expiration of the Series B Notice Period, provide written notice to the fully participating Series B Investors indicating the number of shares of Offered Stock not elected to be purchased by the other Series B Investors (the "Company B Option Notice").
Upon receipt of the Offering Notice, AMN or its designee and the Company (to the extent that AMN or its designee does not exercise its right of first refusal for the Offered Stock) shall have the right, but not the obligation, to purchase collectively all, but not less than all, of the Offered Stock.
Any Offered Stock not Transferred within such 90-day period will be subject to the provisions of this Section 4.03 upon subsequent Transfer.
The Seller will forthwith cause all certificate(s) evidencing such Offered Stock to be surrendered to the Company for Transfer to the Company or Key Shareholder, as the case may be.