ROFR Holder definition
Examples of ROFR Holder in a sentence
Each ROFR Holder shall have twenty (20) days after any such notice is mailed or delivered to agree to purchase such ROFR Holder’s Pro Rata Amount (or such lesser amount as desired by such ROFR Holder) of such New Securities for the price and upon the terms specified in the notice by giving written notice to the Company and stating therein the quantity of New Securities to be purchased, if any.
The rights of first refusal granted under this Section 4 shall expire immediately prior to the earliest of (i) the first to occur of an Initial Public Offering, the consummation of a SPAC Transaction or the effective date of a Direct Listing, (ii) the closing of a Liquidation Event, and (iii) with respect to any Investor upon such Investor no longer being a ROFR Holder.
The rights of first refusal of a ROFR Holder under this Section 4 may be transferred subject to the same restrictions as any transfer of registration rights pursuant to Section 2.12.
Each such ROFR Holder shall have ten (10) days after receipt of such notice to notify the Company of its election to purchase Excess Securities and, if so, the number of such Excess Securities it wishes to purchase.
In the event the Company proposes to undertake an issuance of New Securities, it shall give each ROFR Holder written notice of its intention, describing the type of New Securities, and their price and the general terms upon which the Company proposes to issue the same.