Examples of Transferor Shares in a sentence
If at the end of such 45-day period the Buyer has not completed the purchase of all the Transferor Shares and all the Offeree's Common Securities proposed to be sold, the provisions of this Article V(a) shall begin anew with respect to all such Common Securities.
The Tag-Along Participants shall have five (5) Business Days following receipt of the Transferor Notice to elect to sell all or a portion of their Ratable Percentage Share of the Transferor Shares by delivering a written notice of such election (the “Tag-Along Notice”) to the Selling Shareholder.
The Sellers shall, subject to the provisions of this Section 2.06, consent to and raise no objections against such Transfer by the Purchaser and, if requested to do so by the Purchaser in the Transferor Notice, Transfer their respective Ratable Percentage Shares, subject to the provisions of this Section 2.06, on the same terms and conditions upon which the Purchaser is Transferring the Transferor Shares.
Such certificates will be duly endorsed for transfer to the Company, and upon delivery of such certificates to the Company, the Transferor will be deemed to represent and warrant to the Company that the Transferor Shares are owned by such Transferor free and clear of all liens, adverse claims, and other encumbrances other than as provided in this Stockholders Agreement.
At the closing, the Company will pay the purchase price for the shares to the Transferor by wire transfer of immediately available funds upon the Transferor's delivery to the Company of valid certificates evidencing the shares of Common Stock being purchased pursuant to such sale (the "Transferor Shares").
If at the end of such ninety (90) day period such Key Senior Executive has not completed the Transfer of the Transferor Shares and the Investor Shares (if any) proposed to be Transferred, such Key Senior Executive may not proceed with such Transfer or any other Transfer without first giving a new Inclusion Notice pursuant to the provisions of this Article III.
If all such Restricted Securities and Transferor Shares are not sold to the Buyer, the Transferors, at their option, may elect to sell, on behalf of themselves and the Offerees that have exercised their Inclusion Rights on a timely basis pursuant to Section 10.2(a), such number thereof as the Buyer will purchase, allocated Pro Rata (as nearly as practicable) among the Transferors and such Offerees.
The Transferors shall have 120 days, commencing on the expiration of the 10-Business Day period referred to in Section 10.2(a), in which to Transfer to the Buyer, on behalf of itself and the Offerees, up to the number of Restricted Securities equal to the sum of (i) the number of Restricted Securities covered by the Section 10.2 Offer as to which Offerees shall have exercised their Inclusion Rights on a timely basis pursuant to Section 10.2(a) plus (ii) the number of Transferor Shares.
In the event the Company declines to purchase such Transferor Shares, the Company shall promptly notify Trimaran and the Transferor in writing of its decision.
To the extent the Company declines to elect to purchase such Transferor Shares, Trimaran shall have ten (10) Business Days from the end of such thirty (30) day period to elect to purchase collectively all (but not less than all) of such Transferor Shares.