Proposing Stockholder definition
Examples of Proposing Stockholder in a sentence
If the Proposing Stockholder does not consummate the Transfer of the Offered Shares in accordance with the foregoing time limitations, then the right of the Proposing Stockholder to effect such Transfer pursuant to this clause (iv) shall terminate and the Proposing Holder shall be required to comply with the procedures set forth in clauses (i) through (iv) of this Subsection 2(b) with respect to any proposed Transfer of Covered Shares.
The primary and secondary rights of the Remaining Stockholders set forth herein are exercisable in each case by delivery of a notice to the Proposing Stockholder within the time periods specified herein.
The Proposing Stockholder shall, and hereby covenants to, transfer the Offered Securities to such Remaining Stockholders free and clear of any and all liens, mortgages, pledges, security interests or other restrictions or encumbrances against payment of the Offer Price.
The Proposing Stockholder shall notify such Remaining Stockholders of the portion of Offered Securities to be sold to each such Remaining Stockholder (the "Allocation Notice") within two Business Days of the end of the Secondary Option Period.
For purposes of this Section 2.10, a contested election means any meeting of stockholders for which a Proposing Stockholder has submitted a valid notice to nominate a candidate for election at such meeting in accordance with these Bylaws which has not been withdrawn on or before the tenth day before notice of the meeting of stockholders is first given.