Examples of TS Notice in a sentence
If the document is not agreed by consensus, the minority position(s) shall be duly recorded in the written procedure report.
Such Founder and Investor shall, however, deliver the TS Notice and otherwise comply with this Section 3.
Within five (5) days following the receipt of the Corporation Notice, the Transferring Stockholder shall have the right to rescind the TS Notice and the proposed Transfer if the Board Price is deemed to be unacceptable, as determined in the sole discretion of the Transferring Stockholder.
If a Transferring Founder proposes to effect a Founder Shares Transfer, whether voluntarily or involuntarily, then at least sixty (60) days prior to any Founder Shares Transfer, such Transferring Founder shall deliver the TS Notice in accordance with Section 3 above and shall also deliver the TS Notice to the Significant Investors notifying them of his intention to effect the Founder Shares Transfer.
In the case of a proposed Transfer by way of gift or if the nature of the Transfer is such that no readily determinable consideration is to be paid for the Transfer of the Sale Shares, then a bona fide Transfer price for purposes of this Section 3(a) shall be determined by the Board of Directors of the Corporation promptly upon the Corporation’s receipt of, and as of the date of, the TS Notice (the “Board Price”).
The purchase from the Investor Stockholders pursuant to this Section 5 shall be on the same terms and conditions, including per Share price (which shall in all events be paid by bank cashier's or certified check) and date of Section 4 Shares Transfer, as are received by the Transferring Stockholder and stated in the TS Notice provided to the Investor Stockholders.
To the extent that the Corporation, the other Founders and the Series D Investors fail to exercise their right of first refusal under Section 3 hereof, then a Significant Investor may exercise its co-sale rights under this Section 4 by delivery of a written notice (the “Co-Sale Notice”) to the Transferring Founder within fifteen (15) days of the date of Founder’s sending the TS Notice.
Each Major Series D Investor’s pro rata portion of the Sale Shares shall be equal to (i) the number of Sale Shares multiplied by (ii) a fraction, the numerator of which shall be the number of Shares of Capital Stock held by such Major Series D Investor on the date of the applicable TS Notice and the denominator of which shall be the total number of Shares of Capital Stock held by all Major Series D Investors on such date.
Office: Pressman House, 10A Lee Road, Kolkata 700 020T: +91 9007540731ir@sinclairshotels.com www.sinclairsindia.com CIN : L55101WB1971PLC028152 Notes:SINCLAIRS HOTELS and RESOR TS Notice is hereby given that the 49th Annual General Meeting (AGM) of the company will be held on Thursday, August 5, 2021 at 11 am through Video Conferencing (“VC”) / Other Audio Visual Means (“OAVM”) to transact the following business.
In the case of a proposed transfer by way of gift or if the nature of the transfer is such that no readily determinable consideration is to be paid for the transfer of the Sale Shares, then a bona fide transfer price for purposes of this Section 4(a) shall be determined by the Board of Directors of the Corporation promptly upon the Corporation's receipt of, and as of the date of, the TS Notice.