Selling Shareholder definition

Selling Shareholder has the meaning set forth in Section 3.04(a).

Selling Shareholder means the Investor and each person, if any, who controls the Investor within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act;

Selling Shareholder has the meaning set forth in Section 5.1.

Examples of Selling Shareholder in a sentence

• With respect to any Transfer by the Selling Shareholder of Offered Shares, the Company shall have the right (the “Company Right of First Refusal”), but not the obligation, to purchase the Offered Shares in accordance with this Section 3.

• It is clarified that all the payments shall be made first by the Company on behalf of such Promoter Selling Shareholder and each of the Promoter Selling Shareholders agrees, severally and not jointly, upon successful completion of the Offer, that it shall reimburse the Company, on a pro-rata basis, in proportion to its respective portion of the Equity Shares they have offered and sold in the Offer.

• With respect to any Transfer by the Selling Shareholder of Offered Shares not purchased pursuant to the Company's Right of First Refusal, Purchaser shall have the right (the “Secondary Right of First Refusal”), but not the obligation, to purchase the Offered Shares in accordance with this Section 3.

• To the extent such Offered Shares are not so transferred during such ninety (90) day period, then the Selling Shareholder may not transfer any of such Offered Shares without complying again in full with the provisions of this Agreement.

• Upon the consummation of the purchase of any portion of a Selling Shareholder's Offered Shares pursuant to the Right of First Refusal, the Selling Shareholder will have no further rights in such Offered Shares that were purchased except the right to receive payment for such Offered Shares in accordance with the terms of this Agreement, and the Selling Shareholder will forthwith cause all certificate(s) (if any) evidencing such Offered Shares to be surrendered to the Company for transfer.

More Definitions of Selling Shareholder

Selling Shareholder has the meaning set forth in the preamble.

Selling Shareholder has the meaning ascribed to such term in Section 5.4(b).

Selling Shareholder has the meaning set forth in Section 4.1 hereof.

Selling Shareholder means any Shareholder owning Registrable Shares included in a Registration Statement.

Selling Shareholder has the meaning given to such term in Section 8.3(a);

Selling Shareholder shall include the Investor, officers, directors, trustees, or any affiliate of such Investor and each person, if any, who controls the Selling Shareholder within the meaning of the Securities Act;

Selling Shareholder shall have the meaning ascribed to it in Section 4.2(b) of this Agreement.