Open Window Period definition
Examples of Open Window Period in a sentence
The Company shall ensure that an Open Window Period occurs once each fiscal quarter of the Company; provided that the Company may close any Open Window Period and restrict trading in any such period as required by the Company’s ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Policy and applicable securities laws.
If such request set forth in the Transfer Notice by a Class B Partner Group is approved, subject to limitations under applicable securities laws, the Class B Partner Group may sell the number of Exchange Securities set forth in the Transfer Notice at any time during the Open Window Period specified in the Transfer Notice.
If such request set forth in the Transfer Notice by a Class B Partner Group is denied, the denied Class B Partner Group will be given the first opportunity to sell Exchange Securities in the next available Open Window Period.
Notwithstanding anything to the contrary contained in this Agreement, the Company shall be entitled, at all times, in its sole discretion and without a limitation, to block any Exchange by a Partner Group or shorten the Open Window Period if it becomes aware of any nonpublic information that has not been disclosed to the public.
Each Class B Partner shall be permitted to Exchange its Class B Units at any time during the first ten (10) days of an Open Window Period unless the Executive Committee elects to extend the period during which Exchanges may be made, in its sole discretion (each day within such ten (10) day period, as extended, is referred to herein as an “Exchange Date”).
The date on which the Initial Closing occurs shall be referred to as the “Initial Closing Date.” Notwithstanding the foregoing, in the event that Buyer has elected to consummate a Direct Stock Purchase on the Initial Closing Date in accordance with Section 2.02(e) and the Initial Closing pursuant to this Section 4.01 would not occur during an Open Window Period, the Initial Closing shall instead take place on the fifth (5th) Business Day of the next Open Window Period.