Subject Holder definition
Examples of Subject Holder in a sentence
Subject Holder means any holder who, but for the second paragraph of Section 1 hereof, would beneficially own 10% or more of the outstanding Common Stock of the Company.
No Subject Holder may Transfer all or any part of the Series C Preferred Stock or the Series B Preferred Stock held by such Subject Holder prior to December 31, 2014 (the “Trigger Date”), except in the case of a Transfer to a Permitted Transferee; provided, however, that, upon the Company’s receipt of prior written notice thereof from the Subject Holder, the Board of Directors may approve or reject a proposed Transfer other than to a Permitted Transferee prior to the Trigger Date in its sole discretion.
Each of Purchaser and the Company agrees to take, or cause to be taken, all actions and do, or cause to be done, all things necessary to facilitate Seller Parties' or a Seller Subsidiary's timely acquisition of all shares of Common Stock owned or held by each Subject Holder.
Any Units held by a Subject Holder not Transferred within such 90-day period shall be subject to the provisions of this Section 9.3 upon subsequent Transfer.
Each of the Major Members (other than the Subject Holder) shall be entitled, within 15 days following delivery of the Sale Notice, to give written notice (a “Tag-Along Notice”) to the Subject Holder and Holdings LLC that such Major Member desires to participate in such proposed Transfer upon the price, terms and conditions set forth in the Sale Notice, which Tag-Along Notice shall specify the Units such Major Member desires to include in such proposed Transfer.