Examples of Subscribing Stockholders in a sentence
The Initial Subscribing Stockholders or the Company, as applicable, shall offer to sell such New Issue Securities to each other Stockholder within ninety (90) days after the closing of the purchase of the New Issue Securities by the Initial Subscribing Stockholders.
The Initial Subscribing Stockholders or the Company, as applicable, shall offer to sell such Offered Securities to each Other Eligible Stockholder within the ninety (90) day period after the closing of the purchase of the Offered Securities by the Initial Subscribing Stockholders.
Upon the closing, the Subscribing Stockholders shall purchase from the Company, and the Company shall sell to, the Subscribing Stockholders, the Offered Securities with respect to which Preemptive Offer Acceptance Notices were delivered by the Stockholders, at the terms specified in the Preemptive Offer Notice.
The Initial Subscribing Stockholders shall offer to sell the Offered Securities to the other Stockholders (who are accredited investors (as such term is defined in Rule 501 under the Securities Act)) within thirty (30) days after the closing of the purchase of the Offered Securities by the Initial Subscribing Stockholders.
The Initial Subscribing Stockholders or the Company, as applicable, shall offer to sell such Offered Securities to each Other Eligible Stockholder within sixty (60) days after the closing of the purchase of the Offered Securities by the Initial Subscribing Stockholders.
Each such additional subscription shall be made by the Additional Subscribing Stockholder within ten (10) Business Days after notification of the Failed Subscription (or such later date as the Company may agree with each of the Additional Subscribing Stockholders), by payment in cash and by delivery to the Company contemporaneously therewith of a duly signed counterpart of any such agreement as the Company may reasonably require to document such additional subscription.
During such ninety (90) day period, (x) the Initial Subscribing Stockholders shall refrain from voting or exercising any other rights as a Stockholder with respect to such Offered Securities (including the right to Transfer such Offered Securities, except as provided in this Section 3.1(e)), and (y) the Company shall not make any distribution or dividend in respect of such Offered Securities.
Those Fully Subscribing Stockholders electing to subscribe for the purchase of Additional Subscription Shares shall provide a notice to the Company to such effect on or prior to the expiration of the Subscription Deficit Contribution Period.
In the event of oversubscription by the Subscribing Stockholders, the Company will allocate the remaining Available Securities among the Subscribing Stockholders according to their respective Pro Rata Portions.
If the Fully Subscribing Stockholders offer to acquire, in the aggregate, more than the Unsubscribed Amount, then each Fully Subscribing Stockholder that elects to acquire more than its Basic Amount will be entitled to acquire its pro rata share of the Unsubscribed Amount (based on the number of the Fully Subscribing Stockholders’ then existing Shares).