Exercising Holders definition
Examples of Exercising Holders in a sentence
The costs of the investment bankers retained in accordance with this Section 7.4 shall be borne equally by RSI and the Exercising Holders (pro rata based on the respective number of shares sold), or, in the case of the 2000 Put Right or if there shall be no Exercising Holders, equally by RSI and CarrAmerica.
The closing of a purchase of shares by an Exercising Holder, Exercising Holders or the Company pursuant to this subsection shall be no later than 10 business days following the last applicable expiration period pursuant to paragraphs (ii) and (iii), subject to receipt of any required regulatory approvals.
If the options to purchase the remaining shares are exercised in full by the Exercising Holders, the Company shall immediately notify all of the Exercising Holders and the selling Holder(s) of that fact.
If the Fully Exercising Holders elect in aggregate to purchase a number of shares in excess of the Refused Shares, the Refused Shares shall be allocated among the holders so electing on a pro rata basis, based on the relative holdings of Series A-1 Shares among the holders who have elected to purchase Refused Shares, up to the full amount of Refused Shares each holder has elected to purchase, until all New Shares have been allocated.
The number of shares to be Transferred by the Transferor shall be reduced by the number of shares to be sold by the parties to this Agreement that exercise Tag-Along Rights ("Exercising Holders").
If the options to purchase the remaining shares are exercised in full by the Exercising Holders, the Company shall immediately notify all of the Exercising Holders and the selling Holder of that fact.
Each overpurchasing Exercising Holder shall be obligated to purchase such number of additional Transfer Shares as determined by the Selling Shareholder pursuant to this subsection (d) and the Selling Shareholder shall so notify such Exercising Holders within fifteen (15) Business Days from the date of the Second Transfer Notice.
If the options to purchase the remaining shares are exercised in full by the Exercising Holders, the Company shall immediately notify all of the Exercising Holders and the Transferring Shareholder of that fact.
The closing of any purchase of Holder Transfer Securities by the Exercising Holders and the Exercising Founders shall be held at the principal office of the Company at 11:00 a.m. on the 45th day after the giving of the Holder Transfer Notice or at such other time and place as the parties to the transaction may agree.
In the event there are two (2) or more such Exercising Investors that choose to exercise such right, the remaining New Securities available for purchase under this Section 4.3 shall be allocated to such Exercising Holders pro rata based on the number of New Securities such Exercising Holders have elected to purchase pursuant to their preemptive rights under Section 4.2 above (without giving effect to any New Securities that any such Exercising Holder has elected to purchase pursuant to this Section 4.3).