Preferred Holders definition
Examples of Preferred Holders in a sentence
If the purchase price in the Transfer Notice includes consideration other than cash, the cash equivalent value of the non-cash consideration shall be determined by the Board in good faith, which determination shall be binding upon the Company, the Preferred Holders and the Selling Shareholder, absent fraud or error.
In the event that any Preferred Holder has not elected to purchase the Offered Shares pursuant to its right of first refusal, then the sale of the remaining Offered Shares shall become subject to the co-sale right of the Preferred Holders as set forth in Section 4.5 below.
The purchase price for the Offered Shares to be purchased by the Preferred Holders exercising their right of first refusal shall be the price set forth in the Transfer Notice, and shall be payable as set forth in Section 4.4(d) below.