Sale Request definition
Examples of Sale Request in a sentence
Upon our acceptance of the Sale Request, you shall not be entitled to cancel the Sale Request.
Each Seller warrants to the Company on each Completion Date on which any of the Seller's Shares are purchased by the Company under this Agreement, that it is the sole legal and beneficial owner of the Shares specified in the relevant Sale Request Form and is entitled to transfer full legal and beneficial title to the Shares to the Company free from all Encumbrances, without the consent of any other person.
Each Shareholder who has entered into this Agreement may elect to provide the Company with a Sale Request, on and subject to the terms of this Agreement.
The number of shares of Capital Stock that any Eligible Stockholder will be permitted to include in a Proposed Sale on a pro rata basis pursuant to a Sale Request will be equal to the product of (i) (A) the number of shares of Capital Stock held by such Eligible Stockholder divided by (B) the number of shares of Capital Stock held by all Eligible Stockholders participating in such Proposed Sale and (ii) the aggregate number of shares of Capital Stock proposed to be sold in such Proposed Sale.
This Clause 6 applies where, on any Completion Date, the Company does not have sufficient Distributable Profits with which to purchase any Shares specified in a Sale Request Form accepted by the Company.