Examples of Triggering Holder in a sentence
In the event each of the Major Stockholders other than the Triggering Holder accept such offer and the maximum amount of Securities specified in the notices delivered by the Major Stockholders exceed, in the aggregate, the amount of the Triggering Holder’s Securities, such Securities shall be apportioned among such Major Stockholders in proportion to the number of Securities held by such Offerees.
Notwithstanding anything herein to the contrary, if any Demand Registration Triggering Holder is ultimately unable, due to the application of Section 3.2.3, to offer at least 75% of the Registrable Securities included in the Demand Registration Triggering Holder’s written demand for an offering, such offering shall not count toward the number of Demand Registrations which the Company is obligated to effect pursuant to the previous sentence.
The Section 5.1 Notice shall constitute an irrevocable offer by the Triggering Holder to sell to such other Major Stockholders its Securities at the Section 5.1 Price on the terms set forth in the Section 5.1 Notice.
Promptly upon the receipt by the Company of a Put Notice, the Company shall deliver a notice to each other Preferred Shareholder or Warrant Holder setting forth (1) that a Triggering Holder has exercised the Put on behalf of all Preferred Shareholders or Warrant Holders, as applicable, (2) the Put Closing Date and (3) to the extent determined, the Put Price.