Block Trade. If the Company shall receive during the term hereof a request from the holders of Registrable Securities with an estimated market value of at least $5.0 million that the Company effect the sale of all or any portion of the Registrable Securities in a Block Trade, then the Company shall, as expeditiously as possible, effectuate the offering in such Block Trade of the Registrable Securities for which such requesting holder has requested such offering under Section 2.1.9. Notwithstanding anything herein to the contrary, a Block Trade shall not be counted as an Underwritten Takedown effected pursuant to Section 2.1.5(c).
Appears in 2 contracts
Sources: Registration Rights Agreement (TortoiseEcofin Acquisition Corp. III), Registration Rights Agreement (SHF Holdings, Inc.)
Block Trade. If the Company shall receive during the term hereof a request from the holders of one or more Investor(s) holding Registrable Securities with an estimated aggregate market value of at least $5.0 10 million that the Company effect the sale of all or any portion of the Registrable Securities held by such Investors in a Block Trade, then the Company shall, as expeditiously as possible, effectuate the offering in such Block Trade of the Registrable Securities for which such requesting holder Investor has requested such offering under this Section 2.1.9. Notwithstanding anything herein to the contrary, a Block Trade shall not be counted as an Underwritten Takedown effected pursuant to Section 2.1.5(c).
Appears in 1 contract
Sources: Registration Rights Agreement (Redbox Entertainment Inc.)