Selling Purchaser definition
Examples of Selling Purchaser in a sentence
In the event the Participant holds the same type of stock as the Section 6 Selling Purchaser intends to sell the Participant must sell that type of stock.
In the event the Company elects to purchase all of the shares of capital stock or, with consent of the Section 5 Selling Purchaser, a lesser portion of the shares of capital stock, it shall give written notice to the Section 5 Selling Purchaser of its election and settlement for said shares of capital stock shall be made as provided below in paragraph (d).
At the Purchaser Closing, the Selling Purchaser shall present to the Corporation and/or the Other Purchaser, as the case may be, all share certificates for the Purchased Shares required to be sold in proper form for transfer.
The Other Purchaser may exercise such option by giving written notice of exercise to the Selling Purchaser prior to the termination of its Exclusive Option Period.
It shall be a condition precedent to the obligations of the Company to take any action pursuant to this Agreement with respect to the Registrable Securities of any selling Purchaser that such Purchaser shall furnish to the Company such information regarding itself, the Registrable Securities held by it and the intended method of disposition of such Registrable Securities as shall be required pursuant to the terms of the Selling Purchaser Questionnaire attached hereto as ANNEX C.
It shall be a condition precedent to the obligations of the Company to take any action pursuant to this Agreement with respect to the Registrable Securities of any selling Purchaser that such Purchaser shall furnish to the Company such information regarding itself, the Registrable Securities held by it and the intended method of disposition of such Registrable Securities as shall be required pursuant to the terms of the Selling Purchaser Questionnaire attached hereto as Annex C.
If and whenever the Company is required by the provisions of Section 2 to effect the registration of any Registrable Securities under the Securities Act, the Company may require each Selling Purchaser of Registrable Securities as to which any registration is being effected to furnish to the Company such information regarding the distribution of such securities as the Company may from time to time reasonably request in writing.
Such Company shall have ten (10) Business Days from the date the Transfer Notice is given (the "First Offer Exercise Period") to elect by notice to the Selling Purchaser whether or not to purchase the entire quantity of Securities so offered for the price and on the terms and conditions so specified; provided, however, that if there is more than one Selling Purchaser, the Company shall elect whether or not to purchase the entire quantity of securities of all Selling Purchasers.
In no event, however, shall any Selling Purchaser be required to contribute in excess of the amount of the net proceeds received by such Selling Purchaser in connection with the sale of its Registrable Shares in the offering which is the subject of such loss, claim, damage or liability.
Underwriting discounts and commissions applicable to the sale of Registrable Shares shall be borne by the Purchaser of the Registrable Shares to which such discount or commission relates, and each Selling Purchaser shall be responsible for the fees and expenses of any legal counsel, accountants or other agents retained by such Selling Purchaser and all other out-of-pocket expenses incurred by such Selling Purchaser in connection with any registration under this Agreement.