Drag. Along Rights shall terminate upon the effectiveness of any registration statement filed with the SEC with respect to Common Stock in an initial Public Equity Offering or subsequent Public Equity Offering if, after giving effect to such offering, at least 50% of the Fully Diluted Number of shares of Common Stock would be held by Persons unaffiliated with the Company and without restriction on transfer under the Securities Act.
Appears in 2 contracts
Sources: Warrant Agreement (Windsor Woodmont Black Hawk Resort Corp), Warrant Agreement (Windsor Woodmont Black Hawk Resort Corp)
Drag. Along Rights shall terminate upon the effectiveness of any registration statement filed with the SEC with respect to Common Stock the Shares in an initial Public Equity Offering public equity offering or subsequent Public Equity Offering public equity offering if, after giving effect to such offering, at least 50% of the Fully Diluted Number of shares of Common Stock Shares would be held by Persons unaffiliated with the Company and without restriction on transfer under the Securities Act.
Appears in 1 contract
Sources: Shareholders Agreement (Windsor Woodmont Black Hawk Resort Corp)