Selling Shares definition
Examples of Selling Shares in a sentence
If the Selling Shares described in the Transfer Notice are not transferred to the Proposed Transferee(s) within such thirty (30) day period, such Selling Shareholder shall not transfer or dispose of any Selling Shares unless such Selling Shares are first re-offered to the Remaining Shareholders in accordance with this Article.
Subject to California General Corporation Law Chapter 5, the Company shall purchase such Selling Shares on the fifteenth (15th) day after the date of such notice.
Upon the transfer, assignment, and delivery of the Shares and payment therefor in accordance with the terms of this Agreement, Buyer shall own all of the Selling Shares, free and clear of all Encumbrances.
Name of Party Selling Shares Shares to be Sold Shares to be Sold ▇▇▇▇▇▇▇▇▇ Energy, Inc.
Subject to the terms and conditions set forth herein, at the Closing, Sellers shall sell to Buyer, and Buyer shall purchase from Sellers, the Selling Shares, free and clear of any mortgage, pledge, lien, charge, security interest, claim, community property interest, option, equitable interest, restriction of any kind (including any restriction on use, voting, transfer, receipt of income, or exercise of any other ownership attribute), or other encumbrance (each, an “Encumbrance”).
Name of Party Selling Shares Number of Initial Shares to be Sold Number of Option Shares to be Sold HomeStreet, Inc.
In the event the Selling Holder intends to dispose of the Selling Shares on terms different from those presented to the Company in the Selling Notice, or the Selling Holder does not dispose of the Selling Shares within ninety (90) calendar days from the date of receipt by the Company of the Selling Notice, then the Selling Shares shall once again be subject to all of the terms and provisions of this Section 7.
However, a Drag Along Notice shall lapse if, for any reason, the Drag Along Shareholder has not sold the Selling Shares to the Proposed Buyer within six (6) months of serving the Drag Along Notice on the Called Shareholders.
For the avoidance of doubt, the Buyer may designate one or more of its affiliates to be the transferee(s) of the Selling Shares on the Closing Date (as defined below), provided that the Buyer shall continue to be bound by all of its obligations in this Agreement.
Subject to the terms and conditions set forth herein, no later than June --, 2006 (the "Effective Date") Seller will sell the Selling Shares to Purchaser, and at the date of closing of the purchase and sale will deliver to Purchaser a stock certificate or certificates for the Selling Shares, signature guaranteed ready to transfer to their designee(s).