Indirect Disposition definition

Indirect Disposition means any forward sale, option, swap, hedge, put/call arrangement or other transaction by which such Person has conveyed (in whole) the right or ability to realize profit or loss based on changes in the trading price of the Common Stock or other Equity Security, whether settlement under any such transaction is to be made in cash, by delivery of securities, or otherwise; provided, that hedging or collar transactions under which such Person retains the opportunity for gain and risk of loss arising from price changes of no less than fifteen percent (15%) from the trading price of the Common Stock at the time of any such transaction shall not constitute Indirect Dispositions.
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Indirect Disposition has the meaning assigned in Section 7.1(e).
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Examples of Indirect Disposition in a sentence

  • Notwithstanding the foregoing, a Member may consummate an Indirect Disposition so long as such Member provides the Eligible Members with a right of first offer substantially similar to the ROFO Right described in Section 7.3.

  • Offers under this Section 3.6 shall (i) be sent by the Company to the Eligible Offerees within five days after receipt of evidence satisfactory to it that an Indirect Disposition has occurred, (ii) contain a description of the transaction in reasonable detail, and (iii) be irrevocable for so long as any Eligible Offeree has the right to purchase any Shares Subject to the Offer.

  • The Council will be responsible for the 90 Palestinian personnel employed in the Allenby Bridge crossing by the Director-General and the 20 Palestinian personnel employed at the Rafah crossing by the Director- General, in accordance with the provisions of paragraph 2.a of Section C of this Protocol.