Examples of Second Release Date in a sentence
At any time and from time to time on or after the Second Release Date, the holders of a Majority-in-interest held by the Investors or their transferees, may make a written demand for registration under the Securities Act of all or part of the Registrable Securities (the “Second Demand Registration” and together with the First Demand Registration, a “Demand Registration”).
Upon any such request, the Demanding Holders shall be entitled to have their Registrable Securities included in the Demand Registration, subject to Section 2.1.4 and the provisos set forth in Section 3.1.1. The Company shall not be obligated to effect more than (i) one (1) Demand Registration prior to the First Release Date and (ii) not more than two (2) Demand Registrations prior to the Second Release Date under this Section 2.1.1 in respect of Registrable Securities.
If any of the Original Deposit (as defined in the Plan) is withdrawn prior to the release of any of the Restricted Stock, the Restricted Stock attributable to the shares withdrawn shall first be the Restricted Stock to be released on the first Release Date and shall then be the Restricted Stock to be released on the Second Release Date, as both such Dates are specified on the signature page hereof.
At any time and from time to time on or after the Second Release Date, the holders of a majority in interest of the Initial Investor Shares may request a Demand Registration for all or part of their Registrable Securities.
Upon any such request, the Demanding Holders shall be entitled to have their Registrable Securities included in the Demand Registration, subject to Section 2.1.4 and the provisos set forth in Section 3.1.1. The Company shall not be obligated to effect more than one (1) Demand Registration prior to the Second Release Date under this Section 2.1.1.