Open Market Transfer definition

Open Market Transfer means (a) a sale of shares on a national securities exchange (including through a broker dealer) pursuant to an effective registration statement under the Securities Act or pursuant to Rule 144 promulgated thereunder, or (b) a sale of shares to a nationally recognized bank pursuant to a block trade, following which the bank intends to sell such shares on a national securities exchange.
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Open Market Transfer means a Transfer that is made in accordance with Rule 144 under the Act or in a public offering registered under the Securities Act.
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Open Market Transfer means a Transfer of Voting Trust Stock to an unaffiliated third-party (i) pursuant to an effective registration statement under the Securities Act of 1933, as amended (the "1933 Act"), with a current prospectus available, providing for resale of the Voting Trust Stock or (ii) pursuant to an exemption from the registration requirements of the 1933 Act, in each case, in a "brokers' transaction," as that term is defined in Rule 144(g) promulgated under the 1933 Act or a transaction effected by a "market maker" (as that term is defined in Section 3(a)(38) of the Securities Exchange Act of 1934, as amended, the "1934 Act") in the Voting Trust Stock; provided, however, that for the purposes of this Agreement, a "brokers' transaction" shall also include a sale of a substantial block of Voting Trust Stock that is solicited or arranged by a broker-dealer or such a "market maker" and effected through the exchange, quotation system or market on which the Voting Trust Stock is then traded; provided, further, however, any Transfer which violates the spirit and intent of this Agreement shall not be deemed an Open Market Transfer. Any shares of Voting Trust Stock Transferred in an Open Market Transfer pursuant to the terms of this Agreement are referred to herein as "Released Shares" and, upon an Open Market Transfer, such Released Shares shall no longer be subject to this Voting Trust.
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Examples of Open Market Transfer in a sentence

  • The “Target Price Per Share” for each Class A Ordinary Share or corresponding ADS shall be an amount in US Dollars at a price of (x) 100% of the Purchase Price Per Share plus (y) interest accrued on the Purchase Price Per Share at the simple interest rate of six (6%) per annum for the period from the Closing Date to the date that the aggregate consideration for the Purchase by Seller or the Transferor’s Open Market Transfer, whichever is applicable, is fully paid.

  • Except for payment for the Purchase by Seller, the Seller is not obligated to compensate the Purchaser unless the Purchaser delivers the Transfer Notice to effect the Open Market Transfer pursuant to the provisions of Section 7.3(b) above.

  • For the avoidance of doubt, each Purchaser is entitled and permitted hereunder to effect the Open Market Transfer at any time after the Lock-up Period, without delivering the Transfer Notice or otherwise notifying the Seller.

  • If the Seller fails to deliver the Purchase Notice within the Response Period, the Transferor shall have the right to effect the Open Market Transfer in a manner consistent with the terms and conditions as set out in the Transfer Notice.

  • That notice (the “Interest Notice”) will set forth the number of shares of Subject Stock that the Selling Equityholder desires to Transfer, the material terms of a transaction in which the Selling Equityholder is willing to engage, including a proposed Transfer price payable in cash and, if applicable, whether the Transfer is to be an Open Market Transfer.

  • The instrument was validated and found to have a reliability of 0.89 by the original researchers from whom the instrument was adopted.

  • The Company need not accept any Open Market Transfer Certificate if it has reasonable grounds to believe that such certificate is false, in which case the Shareholder shall not Transfer the shares of Common Stock.


More Definitions of Open Market Transfer

Open Market Transfer. Section 7.3(a) “Party” and “Parties” Preamble
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Related to Open Market Transfer

  • Secondary Market Transaction shall have the meaning set forth in Section 11.1 hereof.

  • Budget transfer means transfer of funding within a function / vote.

  • Market transition charge means a charge imposed pursuant to

  • Asset Transfer means a sale, lease or other disposition of all or substantially all of the assets of the Company.

  • Market Timing means transactions deemed by the Compliance Officer to constitute the short-term buying and selling of shares of Funds or Private Accounts to exploit pricing inefficiencies.

  • Open Market Sale Agreement is a service mark of Xxxxxxxxx LLC

  • Type III transfer means that term as defined under Section 3(c) of the Executive Organization Act of 1965, 1965 PA 380, MCL 16.103.

  • Direct Market Access or “DMA” means an arrangement among a Sponsoring Broker, its Customer and BSEF that allows one or more representatives of that Customer to have Trading Access using the Participant ID of the Sponsoring Broker.

  • Funds-transfer system means a wire transfer network, automated clearinghouse, or other communication system of a clearinghouse or other association of banks through which a payment order by a bank may be transmitted to the bank to which the order is addressed.

  • Spot Market Backup means the purchase of energy from, or the delivery of energy to, the PJM Interchange Energy Market in quantities sufficient to complete the delivery or receipt obligations of a bilateral contract that has been curtailed or interrupted for any reason.

  • exempt market dealer means a person or company registered in the category of exempt market dealer;

  • Secondary Market refers to a bulletin board platform at wxx.xxxxxxxxxxx.xx created by Masterworks.

  • Open Market Purchase shall have the meaning specified in Section 2(I)

  • Open Market Share Purchase shall have the meaning specified in Section 2(I).

  • Agency Transfer The sale or transfer by Purchaser of some or all of the Mortgage Loans to Xxxxxx Xxx under its Cash Purchase Program or its MBS Swap Program (Special Servicing Option) or to Xxxxxxx Mac under its Xxxxxxx Xxx Xxxx Program or Gold PC Program, retaining the Company as "servicer thereunder".

  • Residual market mechanism means an arrangement, either voluntary or mandated by law, involving participation by insurers in the equitable apportionment among them of insurance which may be offered to applicants who are unable to obtain insurance through ordinary methods.

  • Reference Market-makers means four leading dealers in the relevant market selected by the party determining a Market Quotation in good faith (a) from among dealers of the highest credit standing which satisfy all the criteria that such party applies generally at the time in deciding whether to offer or to make an extension of credit and (b) to the extent practicable, from among such dealers having an office in the same city.

  • Type II transfer means that phrase as defined by Section 3 of the Executive Organization Act of 1965, 1965 PA 380, MCL 16.103.

  • Reference Market-Maker means a leading dealer in the relevant market that is selected in a commercially reasonable manner and is not an affiliate of either party.

  • Primary Market means on any of (a) the American Stock Exchange, (b) New York Stock Exchange, (c) the Nasdaq Global Select Market, (d) the Nasdaq Global Market, (e) the Nasdaq Capital Market, or (e) the Over-the-Counter Bulletin Board (“OTCBB”)

  • Primary Exchange means, with respect to each Index constituent or each constituent underlying a Successor Index, the primary exchange or market of trading such Index constituent or such constituent underlying a Successor Index.

  • BC Bid Website means www.bcbid.gov.bc.ca;

  • Initial Public Offering Price The Underwritten Certificates will be offered to the public in negotiated transactions or otherwise at varying prices to be determined at the time of sale.

  • Generating Market Buyer means an Internal Market Buyer that is a Load Serving Entity that owns or has contractual rights to the output of generation resources capable of serving the Market Buyer’s load in the PJM Region, or of selling energy or related services in the PJM Interchange Energy Market or elsewhere.

  • Approved Market means the Over-the-Counter Bulletin Board, the Nasdaq Stock Market, the New York Stock Exchange or the American Stock Exchange.

  • Securitization Transfer The sale or transfer of some or all of the Mortgage Loans to a trust or other entity as part of a publicly-issued or privately-placed, rated or unrated mortgage pass-through or other mortgage-backed securities transaction.