Block Trade definition

Block Trade means an offering and/or sale of Registrable Securities by any Holder on a block trade or underwritten basis (whether firm commitment or otherwise) without substantial marketing efforts prior to pricing, including, without limitation, a same day trade, overnight trade or similar transaction.

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Block Trade shall have the meaning given in Section 2.4.1.

Block Trade means a single Swap transaction publicly reportable under Part 43 of the CFTC Regulations that:

Examples of Block Trade in a sentence

For the avoidance of doubt, a Block Trade shall not constitute an Underwritten Shelf Takedown.
Any Block Trade shall be for at least $25 million in expected gross proceeds.
Notwithstanding anything to the contrary in this Agreement, Holdco shall be responsible for the Registration Expenses incurred in connection with a Block Trade prior to such Takedown Holder’s withdrawal under this Section 2.03(b).
The Holders of at least a majority of the Registrable Shares being sold in any Block Trade shall select the underwriter(s), brokers, sales agents, or placement agents to administer such Block Trade (in each case, which shall consist of one or more reputable nationally recognized investment banks), subject to Holdco’s prior approval (which approval shall not be unreasonably withheld, conditioned or delayed).

More Definitions of Block Trade

Block Trade shall have the meaning given to it in subsection 2.3.1 of this Agreement.

Block Trade has the meaning set forth in Section 2.3.

Block Trade means any non-marketed underwritten takedown offering taking the form of a bought deal or block sale to a financial institution.

Block Trade means an Underwritten Offering not involving any “road show” which is commonly known as a “block trade.”

Block Trade means any non-marketed underwritten offering taking the form of a block trade to a financial institution, QIB or Institutional Accredited Investor, bought deal, over-night deal or similar transaction that does not include “road show” presentations to potential investors requiring substantial marketing effort from management over multiple days, the issuance of a “comfort letter” by the Company’s auditors, and the issuance of legal opinions by the Company’s legal counsel.

Block Trade means an offering of Registrable Securities which requires both the Investors and the Company to enter into a sale agreement and is limited in scope of selling efforts as compared to an Underwritten Offering.

Block Trade means a privately negotiated transaction in a Swap of the type and exceeding the minimum quantity set forth in Rule 601.