Examples of Requested Offering in a sentence
During the Participation Term, without the prior written consent of the Company, each Sponsor Holder, individually and not jointly, agrees with the Company (and only with the Company) that it shall not Transfer any Common Stock beneficially owned or owned of record by such Sponsor Holder (including securities held as a custodian) other than Transfers to Permitted Transferees or by means of an Organized Offering or Requested Offering.
For the avoidance of doubt, no request for, commencement of, or inclusion in, a Requested Offering shall be counted against the Total Takedown Allocation.
The Company shall waive the transfer restrictions set forth in Section 5.1 with respect to any Lock-Up Securities that will be sold through a Requested Offering.
Each Sponsor Holder shall have the opportunity to participate in such Requested Offering by providing written notice to the Company of such Sponsor Holder’s election to participate by no later than (i) one business day after the delivery of such written demand by a Sponsor Holder or (ii) such other date as the Sponsor Holder may specify in its written demand for such Requested Offering.
Issuer will pay all Offering Expenses in connection with each Requested Offering.
Each Sponsor Holder shall have the opportunity to participate in such Requested Offering by providing written notice to the Company of such Sponsor Holder’s election to participate by no later than (i) one (1) business day after the delivery of such written demand by a Sponsor Holder or (ii) such other date as the Sponsor Holder may specify in its written demand for such Requested Offering.
The majority of the Sponsor Holders participating in a Requested Offering will determine whether the Requested Offering will take the form of an Underwritten Offering or Block Trade.
As used in this subsection 2.2.3(c), “majority of the Sponsor Holders” means (i) two (2) of the Sponsor Holders if all three (3) Sponsor Holders are participating in the Requested Offering and (ii) the Sponsor Holder holding the majority of the Registrable Securities to be offered in the Requested Offering if less than all three (3) Sponsor Holders are participating in the Requested Offering.
Such Requested Offering shall commence (i) within two (2) business days of an election by two additional (2) Sponsor Holders to participate in such Requested Offering, (ii) within five (5) business days of an election by one (1) additional Sponsor Holder to participate in such Requested Offering, or (iii) within ten (10) business days of a written demand for such Requested Offering, or in any such case at such time as mutually agreed by all such Parties.