Prior Holders definition
Examples of Prior Holders in a sentence
If any Holder proposes to conduct an Underwritten Offering under a Mandatory Shelf Registration Statement, such Holder shall advise the Company, all other Holders, and any Prior Holders whose securities are included in the Mandatory Shelf Registration Statement, of the managing underwriters for such proposed Underwritten Offering, such managing underwriters to be subject to the approval of the Company, not to be unreasonably withheld.
If the Shareholder intends to distribute the Registrable Securities covered by its Registration Request by means of an underwritten offering, the Shareholder will so advise the Company as a part of the Registration Request, and the Company will include such information in any notice sent by the Company to the Prior Holders with respect to such Registration Request.
Each Prior Holder who has not executed and delivered this Agreement shall be entitled to all rights of a Prior Holder hereunder as if such person had executed this Agreement and the only right of first refusal of the Prior Holders and the Common Shareholders shall be as set forth in this Agreement.
All Prior Holders proposing to distribute their securities through such underwriting shall enter into an underwriting agreement in customary form with the underwriter or underwriters selected for such underwriting by a majority of the Initiating Holders (which underwriter or underwriters shall be reasonably acceptable to the Company).
In the event the Company has not sold the Equity Securities within said sixty (60) day period, the Company shall not thereafter issue or sell any Equity Securities without first offering such securities to the Purchasers, Prior Holders, Common Shareholders and Additional Shareholders who qualify under Section 3.1 above in the manner provided above.