Examples of Stock Sale Notice in a sentence
The Stock Sale Notice shall state the Stock proposed to be sold, the Stockholder’s Percentage Interest proposed to be sold, the purchase price thereof and any other material terms or conditions of the offering.
To be validly provided, an Ardee Stock Sale Notice must include the identity of the purchaser, the number of shares being sold, the resulting ownership of the issued and outstanding capital stock upon completion of the sale and a copy of any employment contracts to be entered into upon completion of the sale between Ardee, as employer, and Xxx Xxxxxxxx or Xxxxx Xxxxxx, as employees.
Within ten (10) calendar days after its receipt of the Preferred Stock Sale Notice (the "Preferred Stock Purchase Period"), Camelot shall have the right to purchase all, but not less than all, of the Offered Shares at a per share price equal to the volume weighted average price per share of Common Stock for the thirty (30) trading days prior to the date of Preferred Stock Sale Notice (the "Preferred Stock Purchase Price").
The Purchaser Representative shall notify all Purchasers of the Stock Sale Notice and for administrative convenience only, but not as the agent of any such Purchaser, shall forward to the Shareholder any expression of investment interest by any Purchaser as set forth below in Section 1.4. “Trading Day” means a day on which the OTC Bulletin Board is open for business.
Following such date, if Purchaser elects to sell any shares of Class E Preferred Stock not otherwise converted into Common Stock it shall first deliver written notice of such intention to Camelot (the "Preferred Stock Sale Notice"), which notice shall include the number of shares of Class E Preferred Stock that Purchase wishes to sell (the "Offered Shares").
The Company must consummate the sale of the Stock to those recipients of the Stock Sale Notice who elect to purchase the Stock within twenty (20) Business Days after the expiration of the Stock Sale Election Period unless the Company and the recipient mutually agree to a different schedule for closing.
From and after the date on which any Other Stockholder is in receipt of the Stock Sale Notice, such Other Stockholder shall agree to sell and shall sell in the Stock Sale on the terms and conditions thereof all Common Stock owned by the Other Stockholders.
The transfer of the Stock to be sold shall be consummated within 30 days after the Stock Sale Notice by the tender to the Company by the Optionee (or by the Optionee's administrators, executors or personal representatives under subsection (d) above) of the certificates representing such Stock duly endorsed for transfer to the Company or as the Company may direct.
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Words and expressions defined in the Offer Agreement shall, unless expressly provided herein, have the same meaning in this Stock Sale Notice.