Significant Transferee definition

Significant Transferee means a transferee which would have a Total Ownership Percentage of greater than 20% after giving effect to any proposed Transfer.
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Significant Transferee has the meaning given such term in the definition of “Permitted Private Transaction”.
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Significant Transferee shall have the meaning set forth in the definition of “General Transfer Requirements”.
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Examples of Significant Transferee in a sentence

  • To the extent one or more of the Series C Holders exercise such right of co-sale participation in accordance with the terms and conditions set forth below, the number of Selling Stockholder Co-Sale Shares which the Selling Stockholders may sell to the Proposed Significant Transferee shall be correspondingly reduced.

  • Each Series C Holder shall have the right, exercisable upon written notice to the Company and the Selling Stockholders within 20 calendar days after the giving of such notice by the Selling Stockholders, to participate in the Selling Stockholders’ sale of Selling Stockholder Co-Sale Shares at the per share purchase price which the Proposed Significant Transferee has offered to pay for the Selling Stockholder Co-Sale Shares.

  • Each of the participating Series C Holders shall effectuate the sale by promptly delivering to the Selling Stockholders for transfer to the Proposed Significant Transferee one or more certificates, properly endorsed for transfer, which represent the number of shares of Stock which the Series C Holders elect to sell.


More Definitions of Significant Transferee

Significant Transferee means any Person to whom Advent, Fifth Third or FTPS Partners has transferred Class B Units, Class A Common Stock that are Registerable Securities, or all or any portion of the Warrant which constitute 10% or more of the outstanding Registerable Securities of the Company at the time of such transfer.
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