Examples of Qualifying Offering in a sentence
Stanford shall have the right, but not the obligation, to purchase for cash up to its Share of the securities issued in any Qualifying Offering on the terms, and subject to the conditions, set forth in this Section 7.4 and Section 7.5 (the “Purchase Right”).
Subject to the provisions of Section 2.5, the Company will use all reasonable efforts to include in the Qualifying Offering (i) all Registrable Securities which the Required 399 Stockholders have requested to be included therein and (ii) all other Registrable Securities which the Stockholders have requested in writing, within 20 days after receipt of the Company's notice, to be included therein.
The Company will pay all Registration Expenses in connection with a Qualifying Offering requested in accordance with this Section.
If a Qualifying Offering is consummated, the Company may convert the Debenture into a number of shares of Common Stock equal to the outstanding principal balance, divided by the Conversion Price.
The term "Redemption Date" as used in this paragraph (f) shall refer to whichever of the Mandatory Redemption Date, Qualifying Offering Redemption Date or Change of Control Redemption Date is applicable in a particular circumstance.