Examples of Stockholder Demand in a sentence
Together we have formed a community of practice created through a collegial friendship network which began over 35 years ago when I met Norma Romm who is an academic at UNISA and who has connected with other members of our shared networks resulting in cross fertilisation across our projects involving face to face workshops and field work by members of the community of practice in South Africa and Indonesia.
Upon receipt of a Stockholder Demand, the Company shall use its commercially reasonable efforts to effect registration of the Registrable Shares to be registered in accordance with the intended method of distribution specified in writing by the Demanding Holder as soon as practicable and to maintain the effectiveness of such registration for a period of ninety (90) days.
The Company will keep the Stockholders contemporaneously apprised of all pertinent aspects of its pursuit of any registration, whether pursuant to a Stockholder Demand Registration or otherwise, with respect to which a Piggyback Registration opportunity is available.
The Company will not be obligated to effect any Stockholder Demand Registration within twelve (12) months after the effective date of a Stockholder Demand Registration covering a consummated offering and sale of Stockholder Registrable Securities.
If a request for a Stockholder Demand Registration is made by a Stockholder pursuant to this Section 2.1 and such Stockholder subsequently withdraws such demand after TRC has incurred expenses of more than US $20,000 in complying with such request, such aborted registration attempt shall count as such Stockholder’s Demand Registration.
If the filing of a registration statement respecting a Stockholder Demand Registration would require the disclosure of material information which TRC has a bona fide business purpose for preserving as confidential, TRC shall not be required to effect the Stockholder Demand Registration until the earlier of: (i) the date upon which such material information is disclosed to the public or ceases to be material; or (ii) 90 days after TRC makes such good faith determination.
If TRC has been advised by an independent investment dealer that a Stockholder Demand Registration, at the time and on the terms requested, would adversely affect any proposed financing by TRC, TRC shall not be required to effect a Stockholder Demand Registration until the later of: (i) 45 days after completion or abandonment of such financing; and (ii) termination of any “blackout” required by the underwriters or agents in connection with such financing.
Upon receipt of a Stockholder Demand, the Company shall (x) promptly send a copy of such Stockholder Demand to all other Stockholders and (y) prepare and, as soon as practicable, file with the SEC such Additional Registration Statement on Form SB-2 covering the resale of up to the Maximum Allowable Amount of the Additional Registrable Securities set forth on a Stockholder Demand and in any additional Stockholder Demand received at least five (5) Business Days prior to the filing.
In any such event, such demand registration will be counted as a Stockholder Demand for purposes of Section 3(a)(ii).
However, if the Escrow Agent receives an L Capital Objection Notice prior to the expiration of the L Capital Dispute Period, then the provisions of Section 4.2 and 4.3 shall apply with respect to the Existing Stockholder Demand.