Specified Investors definition
Examples of Specified Investors in a sentence
The Borrower shall have provided to the Administrative Agent true and correct copies of all notices provided to Westar Capital II LLC, Westar Capital, and any other Specified Investors with respect to defaults under Section 7.11, 7.12, 7.13 or 7.21 of the Credit Agreement and any responsive or related correspondence received from any Specified Investors.
No waiver of any term or provision shall be effective unless in writing signed by the Party to be charged, and, if so required, the required Specified Investors in accordance herewith.
Upon the expiration of the Registration Statement, at any time that an Investor is a Specified Investor, then on one occasion, Arq or holders of at least 30% of the Registrable Securities held by all of the Specified Investors shall be entitled to direct the Company to file a new Registration Statement to replace the Registration Statement that was filed pursuant to this Agreement (the “Replacement Registration Statement”).
This Agreement shall also inure to the benefit of the Specified Investors.
The Specified Investors shall have the preemptive right to purchase up to eighty percent (80%) of the securities so offered on the terms and conditions set forth in the Issuance Notice by giving written notice to the Company within fifteen (15) days after receipt of the Issuance Notice (the "Election Period").