Permitted Period definition
Examples of Permitted Period in a sentence
This Section 2.02 shall apply to any underwritten offering of Permitted Period Shares (as defined in the Securities Exchange Agreement) that the Company makes an election (the "Election") to conduct pursuant to Section 3.3(b) of the Securities Exchange Agreement.
Notwithstanding the foregoing, if, pursuant to the third paragraph of Section 12.7(e), (x) any Tendering Partner decreases its purchase commitment or (y) the Selling Partner is not obligated to sell any portion of its shares of MajorCorp Stock to any Tendering Partner, the Permitted Period shall be extended to account for the number of days elapsed between the last day of the applicable First Offer Period and the end of the extension period under Section 12.7(e).
Any such shares of MajorCorp Stock not sold within the applicable Permitted Period shall again be subject to the restrictions set forth in this Section 12.7.
The Company shall have the right to designate the managing underwriter of any such offering subject to the consent of the Holder or Holders of the Permitted Period Shares, which consent shall not be unreasonably withheld.
For a period of five (5) business days following receipt of such notice, the Company shall have the option, exercisable by written notice to Wireless, to conduct an underwritten offering of all of the Permitted Period Shares pursuant to a registration statement under the Securities Act filed in accordance with Section 2.02 and the other terms and conditions of the Registration Rights Agreement (as defined below).