Examples of Transferring Securityholder in a sentence
Each Transferring Securityholder shall deliver its shares of Common Stock free and clear of all liens, claims, options, pledges, encumbrances and security interests.
In the event that the Transferring Securityholder elects not to sell any shares to XXXX or its assignee pursuant to the proviso in the immediately preceding sentence, such Transferring Shareholder may transfer the Transfer Securities to one or more Qualified Purchasers pursuant to Section 2.2(c) only if such Qualified Purchasers purchase in the aggregate at least as many shares of the Transfer Securities as XXXX had agreed to purchase.
If the prospective transferee fails to purchase Vested Securities from any Participating Securityholder as to which such Participating Securityholder has exercised its rights under this Section 5 and the Transferring Securityholder fails to purchase such Vested Securities from the Participating Securityholder, the Transferring Securityholder shall not be permitted to make the proposed Transfer and any such attempted Transfer shall be subject to the penalty provisions of Section 4(e).
Promptly after any Transfer pursuant to this Section 4.3, the Transferring Securityholder shall notify the Company of the consummation thereof and shall furnish such evidence of the completion and time of completion of such Transfer and of the terms thereof as the Company may request.
Each Participating Securityholder shall be required, to the extent possible, to transfer all of such Participating Securityholder’s Vested Securities of the same type and in the same proportion as the Xxxx Securities proposed to be transferred by the Transferring Securityholder pursuant to the Xxxx Investor Sale Notice.
If, at the end of such 90 day period, the Transferring Securityholder has not completed the Transfer of all of the Transfer Shares, the Transferring Securityholder shall no longer be permitted to Transfer such Shares pursuant to this Section 4.3(g) without again complying with this Section 4.3 in its entirety.
If, at the end of the 15 Business Day period set forth in Section 4.3(d), timely Acceptance Notices have not been given covering all of the Transfer Shares and the Transfer Notice did not contain an All or Nothing Condition, then the Transferring Securityholder shall have 90 days in which to complete the sale of any or all of the Transfer Shares as to which timely Acceptance Notices have not been given.
The Tag-Along Notice shall also provide that each of the Remaining Securityholders may elect to exercise such rights within 15 days following the giving of the Tag-Along Notice, by delivery, on or before the expiration of such time period, of a written notice to the Transferring Securityholder indicating such Securityholder's desire to exercise its rights under this Section 4.5 and specifying the number of Shares, Warrants or Options he, she or it desires to sell.
The number of Shares or Warrants to be sold by the Transferring Securityholder shall be reduced by the aggregate number of Shares, Warrants or Options to be sold by each of the Remaining Securityholders who have exercised Tag-Along Rights in connection with such Transfer.
The Company may pay the purchase price for such units by offsetting amounts outstanding under any bona fide debts owed by the Transferring Securityholder to the Company.