Initiating Holder definition
Examples of Initiating Holder in a sentence
If the Receiving Holder disputes in good faith any of the calculations made by the Initiating Holder in the Company Sale Proposal Notice, then the Receiving Holder may, within ten (10) days after receiving such calculations from the Initiating Holder, notify the Initiating Holder in writing of such disagreement through a dispute notice in accordance with Section 9.8(i) and such dispute shall be resolved pursuant to Section 9.8(i).
For the avoidance of doubt, if such Dispute Notice is not timely delivered, the original calculations of the Initiating Holder, in the case of a Company Sale, or the original calculations of the Receiving Holder, in the case of a ROFO, shall be conclusive, final and binding.
Upon receipt of a notice to such effect from an Initiating Holder (or if there is more than one Initiating Holder, from all such Initiating Holders) with respect to all of the Registrable Securities included by such Initiating Holder(s) in such Demand Registration, the Company shall cease all efforts to secure effectiveness of the applicable Registration Statement.
If the Initiating Holder requesting a Demand Registration intends to distribute the Registrable Securities in an Underwritten Offering, it will so advise the Company in its request.
In connection with the foregoing, the Initiating Holder shall deliver reasonably detailed supporting information.