Refused Shares definition

Refused Shares has the meaning set forth in Section 3.1(c).
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Examples of Refused Shares in a sentence

  • If the Refused Shares are not sold within the ninety (90) day period, they shall continue to be subject to the requirements of a prior offer pursuant to this Section 2.

  • If the Refused Shares are sold pursuant to this Section 2 to any purchaser who is not a party to this Agreement, the Company, may at its option, require the purchaser to execute and deliver a new Stock Restriction Agreement in substantially the form of this Agreement containing substantially the same terms as those set forth herein.

  • If the Electing Investors elect to purchase a total number of shares in excess of the Refused Shares, the Refused Shares shall be allocated among the holders so electing on a pro rata basis, based on the relative number of Conversion Shares held by or issuable to each Electing Investor, up to the full amount of Refused Shares each Electing Investor has elected to purchase, until all Offered Shares have been allocated.

  • If the Fully Exercising Holders elect in aggregate to purchase a number of shares in excess of the Refused Shares, the Refused Shares shall be allocated among the holders so electing on a pro rata basis, based on the relative holdings of Series A-1 Shares among the holders who have elected to purchase Refused Shares, up to the full amount of Refused Shares each holder has elected to purchase, until all New Shares have been allocated.

  • If the Refused Shares are not sold within such 90 day period, they shall continue to be subject to the requirements of a prior offer pursuant to this Section 10.

  • If the Refused Shares are sold pursuant to this Section 10 to any purchaser who is not a party to an agreement with the Company containing restrictions on the transfer of the Vested Shares to the same extent as those contained herein, the Company, may at its option, require the purchaser to execute and deliver an agreement containing restrictions on the transfer of Vested Shares the same as those set forth in this Agreement.

  • Subject to Section 3.2(g) below, such communication shall, when taken in conjunction with the Shareholder Offer, be deemed to constitute a valid, binding and enforceable agreement for the sale and purchase of such Shareholder Refused Shares (subject to the aforesaid limitations as to a Security Holder’s right to purchase more than such Security Holder’s Shareholder Pro Rata Fraction).

  • Such right of oversubscription may be exercised by a Security Holder by accepting the offer of the Shareholder Refused Shares as to more than its Shareholder Pro Rata Fraction in accordance with Section 3.2(e) below.

  • Subject to Section 3.3(g) below, such communication shall, when taken in conjunction with the Investor Offer, be deemed to constitute a valid, binding and enforceable agreement for the sale and purchase of such Investor Refused Shares (subject to the aforesaid limitations as to a Founder’s right to purchase more than such Founder’s Investor Pro Rata Fraction).

  • Such right of oversubscription may be exercised by a Founder by accepting the offer of the Investor Refused Shares as to more than its Investor Pro Rata Fraction in accordance with Section 3.3(e) below.

Related to Refused Shares

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • Refused Securities has the meaning ascribed to such term in Section 4.1(c)

  • Purchased Shares has the meaning set forth in Section 2.01.

  • Offer Shares means the Hong Kong Offer Shares and the International Offer Shares being offered at the Offer Price under the Global Offering together with any additional Shares to be issued pursuant to the exercise of the Over-Allotment Option;

  • Offered Shares has the meaning set forth in Section 3.02(a).

  • Vested Shares means "Vested Shares" as defined in the Award Agreement.

  • Newco Shares means the common shares in the capital of Newco;

  • Founder Shares shall have the meaning given in the Recitals hereto and shall be deemed to include the shares of Common Stock issuable upon conversion thereof.

  • Amalco Shares means the common shares in the capital of Amalco;

  • Optioned Shares means the shares of Common Stock that are issued pursuant to the exercise of the Options;

  • Restricted Shares shall have the respective meanings set forth in Section 2.14.

  • Subscribed Shares means, as of any date of determination, the Subscribed Shares (as defined in the recitals to this Subscription Agreement) and any other equity security issued or issuable with respect to the Subscribed Shares by way of stock split, dividend, distribution, recapitalization, merger, exchange, or replacement, and (ii) “Subscriber” shall include any person to which the rights under this Section 5 shall have been duly assigned.

  • Covered Shares means, with respect to the Shareholder, (i) the Existing Shares, together with (ii) any shares of Common Stock or other voting capital stock of the Company and any securities convertible into or exercisable or exchangeable for shares of Common Stock or other voting capital stock of the Company, in each case under this clause (ii) that such Shareholder acquires Beneficial Ownership of on or after the date hereof.

  • Sold Shares shall have the meaning specified in Section 6.

  • Sponsor Shares shall have the meaning given in the Recitals hereto.

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Plan Shares means the total number of Common Shares which may be reserved for issuance as Optioned Shares under the Plan as provided in §2.2;

  • Unit Shares has the meaning ascribed thereto in the first paragraph of this Agreement;

  • Option Stock shall have the meaning set forth in Section 2(a) hereof.

  • Buyer Shares means the common stock, with a par value of $0.0001 per share, of Buyer.

  • ASA Shares has the meaning set forth in 2.4(a).

  • Transfer Shares has the meaning ascribed to such term in Section 6.2(a)

  • Subscription Shares has the meaning ascribed to it in Section 2.1.

  • Purchaser Shares means the common shares in the capital of the Purchaser.

  • Management Shares means a management share in the capital of the ICAV which shall have the right to receive an amount not to exceed the consideration period for such Management Share.

  • Remaining Shares has the meaning set forth in Section 4.1.2.