Secondary Notice definition
Examples of Secondary Notice in a sentence
To exercise its Secondary Refusal Right, an Investor or Key Holder must deliver a ROFR Notice to the selling Major Holder and the Company within five (5) days after the Company’s deadline for its delivery of the Secondary Notice as provided in the preceding sentence.
If the Company does not provide the Company Notice exercising its Right of First Refusal with respect to all Transfer Stock subject to a Proposed Major Holder Transfer, the Company must deliver a Secondary Notice to the selling Major Holder and to each other Investor and the Key Holders to that effect no later than ten (10) days after the selling Major Holder delivers the Proposed Transfer Notice to the Company.
Each Investor and Key Holder who desires to exercise its Right of Co-Sale (each, a “Participating Holder”) must give the selling Major Holder written notice to that effect within five (5) days after the deadline for delivery of the Secondary Notice described above, and upon giving such notice such Participating Holder shall be deemed to have effectively exercised the Right of Co-Sale.