Subject Sale definition

Subject Sale is defined in Section 7.5.
Subject Sale means any sale or disposition for value of Common Stock of the Company beneficially-owned by an Insider Shareholder (other than a sale to the general public for cash that is registered under the Securities Act of 1933, or an unsolicited open market sale for cash effected through a securities broker at such time as there shall exist a bona fide public market for the 2 Common Stock), if, immediately after giving effect to such Subject Sale and to all other sales and dispositions of Common Stock made by said Insider Shareholder (whether or not such sales or dispositions are subject to this Agreement) since and including the first day of the calendar year in which such Subject Sale is to be made, said Insider Shareholder's beneficial ownership of the Company's outstanding Common Stock on a fully-diluted basis would be decreased to an amount which is less than 95% of the amount of such ownership as of the opening of business on the first day of the calendar year in which such Subject Sale is to be made.
Subject Sale shall have the meaning set forth in Section 2.07(b).

Examples of Subject Sale in a sentence

  • Another important set of publications brought out from time-to-time by COMSATS is the ‘COMSATS’ Series of Publications on Science and Technology’.

  • ItemSubjectProperty Comparable #1 Comparable #2 Comparable #3 Address Proximity to Subject Sale Price / Sale Date$$$ Description Description Plus/Minus Description Plus/Minus Description Plus/MinusDate of Sale& Time Adjustment $ $ $ Acreage $ $ $Location / Neighborhood $ $ $ Site / View $ $ $House Style / Appeal $ $ $Constr.

  • Each Insider Shareholder shall give each Investor at least ten (10) days prior written notice of any Subject Sale.

  • The parties further agree that upon Developer's written direction to assign the Subject Sale Agreement with the State to the Developer that the City shall assign its rights and obligations of the Subject Sale Agreement with the State to the Developer.

  • Each Insider Shareholder participating in such sale must then sell all shares offered by Investor as part of the Subject Sale as a condition to complete such Subject Sale.

  • Memorandum To: The Administrative Assistant Secretary From: The Acting Solicitor Subject: Sale of Menominee Indian Mills House No. 36 You have referred to this office for review the attached request of the Bureau of Indian Affairs for authority to sell Menominee Indian Mills House No. 36 to a member of the Menominee Tribe.

  • Any such assignment shall provide for the Developer to assume all of the City's rights and obligations under the Subject Sale Agreement with the State and shall release the City from any further liability thereunder.

  • Developer agrees to and shall pay on behalf of the City to the State of Illinois the purchase price and all other costs associated with the acquisition of the Subject Property from the State of Illinois as may be specified in the Subject Sale Agreement with the State.

  • Subject: Sale of AFCO AvPorts Management LLC Dear Mr. Latimer: Following up on our recent call with your staff regarding the County’s consent to the sale of AFCO AvPorts Management LLC (“AvPorts”), we wanted to provide some additional information for consideration.

  • Investors shall only be required to represent and warrant, on a several, but not joint basis, the status of title to their respective interest in shares of their Common Stock, due authorization to enter into any such Subject Sale and that no conflicts of interests or other conflicting conditions exist that would prohibit Investors from making such representations.


More Definitions of Subject Sale

Subject Sale has the meaning set forth in Section 5.2(b).
Subject Sale with respect to a Subject Block, is(i) the first public offering of that block for oil and/or gas leasing purposes during the term of this Agreement (whether or not actually held on the date specified in the DOI notice of sale) and (ii) the next subsequent such public offering of that block during the term hereof in the event no lease is issued on that Subject Block pursuant to said first public offering thereof.
Subject Sale shall have the meaning as specified in Section 23.3(d)(ii).

Related to Subject Sale

  • direct sale means any sale or transfer of milk by a producer directly to consumers, as well as any sale or transfer of other milk products by a producer. The Commission may, while respecting the definition of ‘delivery’ given in point (f), adjust the definition of ‘direct sale’ in order to ensure, in particular, that no quantity of marketed milk or other milk products is excluded from the quota arrangements;

  • Third Party Sale means any sale for resale in interstate commerce to a Power Purchaser that is not designated as part of Network Load under the Network Integration Transmission Service but not including a sale of energy through the PJM Interchange Energy Market established under the PJM Operating Agreement.

  • Permitted Sale means those sales, transfers or assignments permitted by the Credit Agreement.

  • Disposition Notice is defined in Section 5.2(a).

  • prospective sale means a sale which is intended to be made in the future, upon the occurrence of a stated event, whether or not the occurrence of the event is certain;

  • Sale as used in this paragraph shall have the meanings ascribed thereto by governing law and any interpretation thereof contained in rules or regulations promulgated by the Securities and Exchange Commission thereunder.

  • Company Sale means any merger, consolidation, business combination, reorganization or recapitalization of the Corporation that results in the transfer of 50% or more of the outstanding voting power of the Corporation, any sale, lease or other disposition of all or substantially all of the assets of the Corporation and its subsidiaries (on a consolidated basis), or any other form of corporate reorganization in which 50% or more of the outstanding shares of any class or series of Capital Stock of the Corporation are exchanged for or converted into cash, securities or property of another business organization.

  • Drag-Along Transaction has the meaning set forth in Section 4(d)(i) of the Stockholder Agreement.

  • Subsequent Sale means the sale of additional Securitization Property by the Seller to the Issuer after the Initial Transfer Date, subject to the satisfaction of the conditions specified in the Sale Agreement and the Indenture.

  • Bill xx Sale means a bill xx sale substantially in the form attached hereto as Exhibit B.

  • Proposed Sale has the meaning set forth in Section 2.4(a).

  • Third Party Purchaser means any Person who, immediately prior to the contemplated transaction, (a) does not directly or indirectly own or have the right to acquire any outstanding Common Stock or (b) is not a Permitted Transferee of any Person who directly or indirectly owns or has the right to acquire any Common Stock.

  • Disposition or “Dispose” means the sale, transfer, license, lease or other disposition (including any sale and leaseback transaction) of any property by any Person (or the granting of any option or other right to do any of the foregoing), including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith.

  • Sale Transaction has the meaning set forth in Section 3(a).

  • Third Party Offer has the meaning set out in Section 6.4;

  • Drag-Along Sale has the meaning set forth in Section 3.03(a).

  • Tag or “RFID tag” means the unique identification number or Radio Frequency Identification (RFID) issued to a licensee by the agency for tracking, identifying and verifying marihuana plants, marihuana products, and packages of marihuana product in the statewide monitoring system.

  • Permitted Asset Sale means any Asset Sale that is permitted under Section 6.8.

  • Casual sale means an isolated or occasional sale of an item of tangible personal property or a specified digital product by a person who is not regularly engaged in the business of making retail sales of such property or product where the item of tangible personal property or the specified digital product was obtained by the person making the sale, through purchase or otherwise, for the person's own use.

  • Subject Assets is defined in Section 2.2(c).

  • Non-Firm Sale means an energy sale for which receipt or delivery may be interrupted for any reason or no reason, without liability on the part of either the buyer or seller.

  • Approved Sale has the meaning set forth in 2.1(d).

  • Transfer student A student who enters a participating college or university after earning college-level credit at another college or university.

  • Disposition Date shall have the meaning ascribed thereto in Subsection 5.1(d);

  • Permitted Transaction means any transaction involving (i) a Swap that is not a Required Transaction or (ii) a Required Transaction that is a component of a Covered Package Transaction.

  • Subject Shares means that number of Shares set forth on the Securityholder’s signature page attached to this Agreement, being all of the Shares owned legally or beneficially, either directly or indirectly, by the Securityholder or over which the Securityholder exercises control or direction, either directly or indirectly, and shall further include any Shares issued upon the conversion, exercise or vesting, as applicable, of Convertible Securities or otherwise acquired by the Securityholder after the date hereof.