Examples of Exercising Holders in a sentence
The costs of the investment bankers retained in accordance with this Section 7.4 shall be borne equally by RSI and the Exercising Holders (pro rata based on the respective number of shares sold), or, in the case of the 2000 Put Right or if there shall be no Exercising Holders, equally by RSI and CarrAmerica.
Each overpurchasing Exercising Holder shall be obligated to purchase such number of additional Transfer Shares as determined by the Selling Shareholder pursuant to this subsection (d) and the Selling Shareholder shall so notify such Exercising Holders within fifteen (15) Business Days from the date of the Second Transfer Notice.
The "Fair Market Value" of the Series A Preferred to be purchased by the Corporation under this Section 5 shall be determined in good faith by the Board (excluding any member of the Board appointed or designated by the holders of Series A Preferred) and the Corporation shall give written notice of such determination and the basis therefor in reasonable detail to the Exercising Holders within five (5) business days after the Redemption Date (the "Company Notice").
The Board's determination of Fair Market Value shall be final and binding (i) on all Exercising Holders in the event no Appraisal Notice is delivered to the Corporation within such ten (10) business day period and (ii) on all Exercising Holders other than the Disputing Holders in the event one or more Appraisal Notices are delivered to the Corporation.
If the right to purchase such remaining shares is exercised in full by the Exercising Holders, the Company shall immediately notify all of the Exercising Holders of that fact.
In the event there are two (2) or more such Exercising Holders that choose to exercise such right for a total number of remaining shares in excess of the number available, the remaining shares available for purchase shall be allocated to such Exercising Holders pro rata to their respective shareholdings in the Company calculated on a Fully Converted Basis.
The term "Warrant Share Buy-In Adjustment Amount" means the amount equal to the excess, if any, of (i) the Exercising Holder's total purchase price (including brokerage commissions, if any) for the Covering Shares over (ii) the net proceeds (after brokerage commissions, if any) received by the Exercising Holder from the sale of the Sold Shares.
Each Exercising Holder shall have 15 days after any such notice is given by the Company within which to give to the Company written notice of such Exercising Holder's acceptance of such offer and agreement to purchase such Exercising Holder's share of the Refused Securities so offered.
Each over-purchasing Exercising Holder shall be obligated to purchase such number of additional Transfer Shares as determined by the Selling Shareholder pursuant to this subsection (e) and the Selling Shareholder shall so notify such Exercising Holders within fifteen (15) Business Days from the date of the Second Transfer Notice.
If the options to purchase the remaining shares are exercised in full by the Exercising Holders, the Company shall immediately notify all of the Exercising Holders and the selling Holder of that fact.