Block Execution definition

Block Execution means one or more sales during not more than a two Trading Day period of a number of Acquisition Shares having an aggregate fair market value of not less than $10 million to one or more purchasers.
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Examples of Block Execution in a sentence

  • If such option is not exercised, Stockholder may sell all or any portion of such Acquisition Shares without further notice at any price in a broker's transaction or other customary equity securities market transaction, other than a Block Execution, at any time within ten Trading Days of such Notice.

  • Stockholder shall, once it actually intends to consummate a proposed sale pursuant to such Block Execution, give, during business hours, Notice giving the Company the option (which option may only be exercised within 60 minutes of actual receipt of such Notice by the Company) to purchase all the Spin-Off Shares intended to be sold at a price per share equal to the average of the bid and the ask prices at the time such Notice is given to the Company, as reported on the consolidated quotation system.

  • If such option is not exercised, Stockholder may sell all or any portion of such Spin-Off Shares without further notice at any price in a broker's transaction or other customary equity securities market transaction, other than a Block Execution, at any time within ten Trading Days of such Notice.

  • Stockholder shall, once it actually intends to consummate a proposed sale pursuant to such Block Execution, give, during business hours, Notice giving the Company the option (which option may only be exercised within 60 minutes of actual receipt of such Notice by the Company) to purchase all the Acquisition Shares intended to be sold at a price per share equal to the average of the bid and the ask prices at the time such Notice is given to the Company, as reported on the consolidated quotation system.