Secondary Sale means a transaction that provides the Purchaser with the opportunity to fully dispose of all their then existing shareholding in the Company (and the consideration offered and payable to the Purchaser is fully in cash), held either directly or indirectly or through its Affiliates (including a change of control, merger, sale of assets and other events of similar nature), at such price and on such terms as may be acceptable to the Purchaser. Provided, however, that, subject to the terms of this Agreement, the Purchaser shall not sell, encumber or otherwise dispose of the Equity Shares or Securities of the Company to any Competitor of the Company until the Extended Exit Date (defined below). It is further agreed that the Purchaser in no event shall be permitted to make any transfers to persons or entities belonging to the Xxxxx Group at any point of time.
Secondary Sale means any sale by one or more Non-Public Shareholders of equity securities issued by the Public Company and held by such Non-Public Shareholders (but not originally issued by the Public Company pursuant to a Public Offering), whether such sale is pursuant to a registered public offering under the Securities Act of 1933, as amended, an exemption from the registration requirements thereof, or otherwise.
Examples of Secondary Sale in a sentence
The Company and the Promoters hereby agree and undertake to take all necessary steps as may be required, and to extend all necessary co-operation to effectuate a Purchaser Secondary Sale.
Provided however that, subject to the terms of this Agreement, the Purchaser shall not sell, encumber or otherwise dispose of the Equity Shares or Securities of the Company to any Competitor as a part of the Secondary Sale or the Purchaser Secondary Sale until the Extended Exit Date (except as stated in Clause 5.1.3(f)) ("Transfer Restriction Period”).
More Definitions of Secondary Sale
Secondary Sale means any exchange of Units by the Initial TRA Holder for Class A Common Stock and subsequent sale of such Class A Common Stock after the date of this Agreement.
Secondary Sale means an Elective Sale or a Remedial Sale.
Secondary Sale has the meaning given in Recital (B);
Secondary Sale means the sale of the Shareholders’ Shares to the public market in accordance with the IPO.
Secondary Sale means a purchase and sale of Marketplace NFTs subsequent to the Primary Sale.
Secondary Sale shall have the meaning set forth in Section 9.2(h).
Secondary Sale in respect of each NFT, the subsequent re-sale of the NFTs on the secondary market (whether on or outside of the Marketplace) whereby an NFT is transferred from a current Holder to a new Holder.