Examples of Qualifying Offering in a sentence
Stanford shall have the right, but not the obligation, to purchase for cash up to its Share of the securities issued in any Qualifying Offering on the terms, and subject to the conditions, set forth in this Section 7.4 and Section 7.5 (the “Purchase Right”).
Subject to the provisions of Section 2.5, the Company will use all reasonable efforts to include in the Qualifying Offering (i) all Registrable Securities which the Required 399 Stockholders have requested to be included therein and (ii) all other Registrable Securities which the Stockholders have requested in writing, within 20 days after receipt of the Company's notice, to be included therein.
If a Qualifying Offering is consummated, the Company may convert the Debenture into a number of shares of Common Stock equal to the outstanding principal balance, divided by the Conversion Price.
The Company will pay all Registration Expenses in connection with a Qualifying Offering requested in accordance with this Section.
As currently defined, a Qualifying Offering is a registered public offering (other than for stock issuable pursuant to a registration statement in connection with either a business combination or an employee benefit planon Form S-8 or S-4) in which the Company sells Common Stock in an amount not less than $100 million prior to October 15, 1997.