Secondary Sale definition

Secondary Sale means a transaction that provides the Purchaser with the opportunity to fully dispose of all their then existing shareholding in the Company (and the consideration offered and payable to the Purchaser is fully in cash), held either directly or indirectly or through its Affiliates (including a change of control, merger, sale of assets and other events of similar nature), at such price and on such terms as may be acceptable to the Purchaser. Provided, however, that, subject to the terms of this Agreement, the Purchaser shall not sell, encumber or otherwise dispose of the Equity Shares or Securities of the Company to any Competitor of the Company until the Extended Exit Date (defined below). It is further agreed that the Purchaser in no event shall be permitted to make any transfers to persons or entities belonging to the Xxxxx Group at any point of time.

Secondary Sale means any sale by one or more Non-Public Shareholders of equity securities issued by the Public Company and held by such Non-Public Shareholders (but not originally issued by the Public Company pursuant to a Public Offering), whether such sale is pursuant to a registered public offering under the Securities Act of 1933, as amended, an exemption from the registration requirements thereof, or otherwise.

Secondary Sale means a purchase and sale of Marketplace NFTs subsequent to the Primary Sale.

Examples of Secondary Sale in a sentence

• Provided however that, subject to the terms of this Agreement, the Purchaser shall not sell, encumber or otherwise dispose of the Equity Shares or Securities of the Company to any Competitor as a part of the Secondary Sale or the Purchaser Secondary Sale until the Extended Exit Date (except as stated in Clause 5.1.3(f)) ("Transfer Restriction Period”).

• The Company and the Promoters hereby agree and undertake to take all necessary steps as may be required, and to extend all necessary co-operation to effectuate a Purchaser Secondary Sale.

• The execution, delivery and performance of this Agreement and the Secondary Sale Agreement by the Investor and the consummation of the transactions contemplated hereby and thereby have been duly authorized by the Investor’s board of directors or directors, general partner , managing members or other authorized persons, as the case may be (if such authorization is required).

• At Closing, the Investor will have available funds necessary to consummate the Closing on the terms and conditions contemplated by this Agreement and the Secondary Sale Agreement and has the ability to bear the economic risks of its prospective investment in the Purchased Shares and can afford the complete loss of such investment.

• This reduction in reinsurance ill be shared among all the reinsurers in proportion to their respective amounts of reinsurance prior to the reduction.

More Definitions of Secondary Sale

Secondary Sale means a sale of a regulated firearm in which neither party to the sale:

Secondary Sale has the meaning given in Recital (B);

Secondary Sale means an Elective Sale or a Remedial Sale.

Secondary Sale means any exchange of Units by the Initial TRA Holder for Class A Common Stock and subsequent sale of such Class A Common Stock after the date of this Agreement.

Secondary Sale has the meaning given in clause 5.1;

Secondary Sale has the meaning set forth in Section 1.12.

Secondary Sale in respect of each NFT, the subsequent re-sale of the NFTs on the secondary market (whether on or outside of the Marketplace) whereby an NFT is transferred from a current Holder to a new Holder.