Resale Request definition
Examples of Resale Request in a sentence
Whenever the Company shall effect a registration pursuant to a Resale Request, no securities other than the Registrable Securities shall be covered by such registration unless the Majority Holders of the Registration shall have consented in writing to the inclusion of such other securities.
As described above, the Company is only obligated to fulfill one Resale Request following the expiration of each of the 365 day and 540 day waiting periods.
As promptly as practicable, but no later than 10 days after receipt of the Resale Request, the Company shall give written notice of such requested registration to all other Holders of Registrable Securities.
The Company shall have the same obligation as described above to send to all other Holders notice of any such subsequent Resale Request and all other Holders shall have the same right to request registration of up to one-third of their Registrable Securities upon each Company notice of a Resale Request.
Such withdrawn registration request shall not be treated as a Resale Request effected pursuant to Section 2.1 or a Demand Registration effected pursuant to Section 2.2 (and shall not be counted towards the number of Demand Registrations effected), and the Company shall pay all Registration Expenses in connection therewith.
The Company is only obligated to fulfill the first Resale Request following expiration of the initial 180 day waiting period.
Accordingly, once an Initiating Holder has made a Resale Request and the Company has sent the required notice of such Resale Request to all other Holders, such other Holders may elect to participate in the registration or not, but such Holders will not have the right to make a separate Resale Request until after the expiration of the 365 day or 540 day waiting periods described below.