Examples of Securityholder Agreement in a sentence
This Series B1 Debenture may not be sold, transferred, assigned, hypothecated or divided into two or more Debentures of smaller denominations, except in accordance with the Securityholder Agreement.
The governing law for this Agreement and certain related provisions are set forth in Section 8.11 of the Securityholder Agreement.
To exercise the SARs, Searchlight must deliver to the Company a written notice in accordance with Section 8.3 of the Securityholder Agreement to the Company which sets forth the number of SARs being exercised, together with any additional documents as the Company may reasonably require (the “Exercise Notice”).
Searchlight has read and understands the terms and provisions thereof, and accepts the SARs subject to all of the terms and conditions of this Agreement and the Securityholder Agreement.
The SARs are not transferable by Searchlight other than as expressly permitted by the terms and conditions of Article III of the Securityholder Agreement.
On and after the date hereof, each reference in the Securityholder Agreement to “this Agreement”, “herein”, “hereof”, “hereunder” or words of similar import shall mean and be a reference to the Securityholder Agreement as amended hereby.
In no event will shares of any other selling stockholder, other than the Series A-1 Registrable Securities included pursuant to Section 2.2(a) of the Securityholder Agreement, be included in such registration that would reduce the number of shares which may be included by Holders without the written consent of Holders of not less than a majority of the Registrable Securities proposed to be sold in the offering.
If someone other than Searchlight exercises the SARs, then such person must submit documentation reasonably acceptable to the Company verifying that the transfer to such person was made in compliance with the terms and conditions of the Securityholder Agreement and that such person has the legal right to exercise the SARs.
This Series B2 Debenture may not be sold, transferred, assigned, hypothecated or divided into two or more Debentures of smaller denominations, except in accordance with the Securityholder Agreement.
Any notice required to be delivered to the parties under this Agreement shall be made in accordance with Section 8.3 of the Securityholder Agreement.