Examples of Sale Participation Notice in a sentence
If the Sale Notice is delivered prior to the consummation of the contemplated Transfer, upon giving a Sale Participation Notice, the AS Partners shall be entitled to cause Series AS to sell, at the same price and on the same terms as indicated in the Sale Notice, a number of Transferred Securities equal to the product of (x) the Current Investment Percentage of Series AS and (y) the number of Transferred Securities proposed to be Transferred.
Failure by the other Member to deliver such Sale Participation Notice within such fifteen (15) day period constitutes a waiver of the Tag Along Rights set forth in this Section 9.07.
Each Employee and Co-Investor may irrevocably exercise the Participation Rights hereunder by giving written notice to the Company and stating therein the quantity of New Units set forth in the Sale Participation Notice to be purchased.
Each Class A Holder may irrevocably exercise its Participation Right hereunder by giving written notice to the Company and stating therein the quantity of New Units to be purchased within twenty (20) business days following the receipt of the Sale Participation Notice from the Company.
Each Class A Holder and each Convertible Preferred Stockholder may irrevocably exercise its Participation Right hereunder by giving written notice to the Company and stating therein the quantity of New Units to be purchased within twenty (20) business days following the receipt of the Sale Participation Notice from the Company.
If the Sale Notice is delivered after the consummation of the Transfer, upon receipt of a Sale Participation Notice, the Partnership shall make appropriate distributions and adjustments so as to reflect that the Transfer was executed as if (x) the AS Partners had participated therein at the time thereof and (y) the applicable number of Ascension Allocable Securities had been Transferred pursuant thereto.
Following the time period specified in such Rule 144 Notice, each Rule 144 Tagging Stockholder that has delivered a Rule 144 Sale Participation Notice shall be permitted to sell in such Rule 144 Sale on the terms and conditions set forth in the Transfer Notice, concurrently with the Rule 144 Selling Covered Stockholders and the other Rule 144 Sellers, the number of Shares calculated pursuant to Section 4.6(d).
The Sale Participation Notice shall indicate the number of shares of Series E Stock such Co-Sale Right Holder (a “Participating Co-Sale Right Holder”) wishes to sell, which number shall not exceed the total number of Transfer Shares specified in the Notice.
Following the time period specified in such Rule 144 Notice, each Rule 144 Tagging Stockholder that has delivered a Rule 144 Sale Participation Notice shall be permitted to sell in such Rule 144 Sale on the terms and conditions set forth in the Transfer Notice, concurrently with the H&F Investors and the other Rule 144 Sellers, the number of Shares calculated pursuant to Section 4.6(d).
Each Employee may irrevocably exercise the Participation Rights hereunder by giving written notice to the Company and stating therein the quantity of New Units set forth in the Sale Participation Notice to be purchased.