Receiving Shareholder definition
Examples of Receiving Shareholder in a sentence
Such Tag Along Notice shall also specify the number of Shares that the Receiving Shareholder desires to include in the proposed Transfer.
If the Receiving Shareholder gives the Offering Shareholder a timely Tag Along Notice, then the Offering Shareholder shall use all reasonable efforts to cause the proposed transferee to agree to acquire all the Shares identified in the Co-Sale Notice and the Tag Along Notice, on substantially the same terms and conditions as are set forth in the Co-Sale Notice.
If the proposed transferee is unwilling or unable to acquire such additional Shares upon such terms, then the Offering Shareholder may elect either to cancel such proposed Transfer or to allocate the maximum number of Shares that such transferee is willing to purchase pro rata between the Offering Shareholder and the Receiving Shareholder.
The notice of intention to sell shall be given by certified mail, return receipt requested, to the last known address of the Receiving Shareholder.
The two appraisers shall afford the Submitting Shareholder and the Receiving Shareholder the right to submit evidence with respect to such fair market value and shall, as promptly as practicable, make their respective determinations in writing and give notice thereof to the Submitting Shareholder and the Receiving Shareholder.
If the final price per Share is below the Published Price Range, the Receiving Shareholder may withdraw from offering any of the Shares held by it for sale pursuant to the IPO, but the Initiating Shareholder and the Company may still proceed with the IPO on the terms decided by the Initiating Shareholder.
The notice of intention to sell shall be given by certified mail, return receipt requested, to the last known address of both members or the Receiving Shareholder Group.
The Receiving Shareholder shall have ten Business Days to elect to continue with the IPO process in respect of its Shares.
Receiving Shareholder Information Security holder materials sent to beneficial owners of securities consist of the following materials: (a) proxy-related materials for annual and special meetings; (b) annual reports and financial statements that are not part of proxy-related materials; and (c) materials sent to security holders that are not required by corporate or securities law to be sent.
If a Receiving Shareholders does not submit a Reply within the Refusal Period, such Receiving Shareholder shall be deemed to have rejected the offer.