First Release Date definition
Examples of First Release Date in a sentence
Upon any such request, the Demanding Holders shall be entitled to have their Registrable Securities included in the Demand Registration, subject to Section 2.1.4 and the provisos set forth in Section 3.1.1. The Company shall not be obligated to effect more than (i) one (1) Demand Registration prior to the First Release Date and (ii) not more than two (2) Demand Registrations prior to the Second Release Date under this Section 2.1.1 in respect of Registrable Securities.
At any time and from time to time on or after the Announcement Date, the holders of a Majority-in-interest held by the Investors or their transferees, may make a written demand for registration under the Securities Act of all or part of the Private Placement Warrants and Private Placement Warrant Shares (the “First Demand Registration”); provided, however, such Demand Registration shall not be declared effective by the Commission until after the First Release Date.
At any time and from time to time on or after the First Release Date, the holders of a majority in interest of the Unit Shares, the Warrants and the Warrant Shares collectively, may make a written demand for registration under the Securities Act of all or part of their Registrable Securities (a "Demand Registration").
On the date that is eighteen (18) months after the Closing Date (the "Final Release ------------- Date"; the First Release Date, the Second Release Date and the Final Release ---- Date, each a "Release Date"), the Escrow Agent shall release from the Escrow ------------ Account and distribute to the Wood Shareholders any and all Escrowed Shares remaining in the Escrow Account on such date.
After the First Release Date, and each Release Date thereafter, the number of "Restricted Shares" shall be determined as set forth below.