Sale Rights definition

Sale Rights shall have the meaning set forth in Paragraph 2(b) hereof.
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Sale Rights provisions in this Addendum are not typically included in venture capital financings; they are more common in later-stage private equity deals. They have been drafted in response to the Delaware Chancery Court’s ruling in In re Trados Inc. S’holder Litigation, Case No. C.A.
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Sale Rights has the meaning specified therefor in Section 2.08.
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Examples of Sale Rights in a sentence

  • If Company exercises any Sale Rights Option, Owner shall execute and deliver to Company such fu ther instruments and documents as may be necessary to vest in Company each and all of the rights so acquired by it, although Owner's failure to do so shall not adversely affect the vesting of rights.

  • During the period of twenty- one (21) business days following Company's actual receipt of the Sale Notice, Company shall have the exclusive option ("Sale Rights Option") to license, lease and/or purchase the Sale Right(s) upon the Terms.

  • The Sale Notice shall set forth (A) the Negotiable Right(s) that are the subject of such offer ("Sale Rights"), (B) the name and address of the offeror ("Offeror"), and (C) all of the material terms and conditions of such offer, including the financial terms of the offer (collectively, the "Terms").

  • If Company fails to exercise the Sale Rights Option within the aforementioned twenty-one (21) business day period or notifies Owner in writing that it will not exercise the Sale Rights Option, Owner may convey the Sale Right(s) to the Offeror on the Terms at any time during the following six (6) month period.


More Definitions of Sale Rights

Sale Rights. As set forth in the Investor's Rights Agreement, each of the Holders shall have certain rights of co-sale with respect to any transfer of Common Stock by any of the Major Shareholders (as defined in the Investor's Rights Agreement).
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Sale Rights shall have the meaning set forth in Paragraph 2(b) of this Exhibit C.
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Sale Rights shall have the meaning set forth in Section 3(b) hereof.
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Sale Rights means the rights of the Minority Shareholders to sell their respective shares of Common Stock pursuant to Section 8.2 of the HFFB Securities Purchase Agreement.
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Related to Sale Rights

  • Preemptive Rights has the meaning given such term in Section 6.04(a).

  • Call Rights As defined in Section 9.01(f).

  • Drag-Along Right has the meaning set forth in Section 8.6(a).

  • Tag-Along Rights has the meaning set forth in Section 5.2.

  • Tag or “RFID tag” means the unique identification number or Radio Frequency Identification (RFID) issued to a licensee by the agency for tracking, identifying and verifying marihuana plants, marihuana products, and packages of marihuana product in the statewide monitoring system.

  • First Refusal Right means the right granted to the Corporation in accordance with Article E.

  • Tag-Along Shares has the meaning ascribed to such term in Section 4.4(a).

  • Sale Shares has the meaning ascribed to it at Recital (A).

  • Drag-Along Sellers shall have the meaning set forth in Section 4.2.1.

  • Right of First Refusal and Co-Sale Agreement means the agreement among the Company, the Purchasers, and certain other stockholders of the Company, dated as of the date of the Initial Closing, in the form of Exhibit F attached to this Agreement.

  • Rights Offering Shares means, collectively, the shares of New Common Stock issued in the Rights Offering.

  • Preemptive Right has the meaning set forth in Section 5.1 hereof.

  • Tag-Along Right is defined in Section 4.7(c).

  • Tag-Along Seller has the meaning set forth in Section 8.5(b).

  • Right of First Refusal means the Company’s right of first refusal described in Section 8.

  • Right of First Refusal Agreement means the Right of First Refusal Agreement, dated as of August 4, 2017, among the Partnership, the Operating Partnership and NextEra Energy Resources, LLC.

  • Stock Purchase Rights means any warrants, options or other rights to subscribe for, purchase or otherwise acquire any shares of Common Stock or any Convertible Securities.

  • Right of First Offer shall have the meaning set forth in Section 13.1 hereof.

  • Exchange Rights means any rights granted to limited partners of Simon Property Group, L.P., a Delaware limited partnership (including pursuant to an Exchange Rights Agreement) to exchange (subject to the Ownership Limit) limited partnership interests in such Partnership for shares of Capital Stock or cash at the option of the Corporation.

  • First Offer has the meaning set forth in Section 3.9(e)(1) or Section 11.1(b)(i), as applicable.

  • Rights Holders Special Meeting" means a meeting of the holder of Rights called by the Board of Directors for the purpose of approving a supplement or amendment to this Agreement pursuant to Subsection 5.4(c);

  • Founder Shares Purchase Agreement shall have the meaning given in the Recitals hereto.

  • Founders’ Shares means 1,000 shares with a par value of $1 per share, 500 of which were issued to MACRO Securities Depositor, LLC and 500 of which were issued to Claymore Securities, Inc., in exchange for the Initial Deposit.

  • Put Right has the meaning set forth in Section 8.05(a).

  • Membership Rights means all of the rights of a Member in the Company, including a Member’s: (a) Interest; (b) right to inspect the Company’s books and records; (c) right to participate in the management of and vote on matters coming before the Company; and (d) unless this Operating Agreement or the Certificate of Formation provide to the contrary, right to act as an agent of the Company.

  • Drag-Along Notice has the meaning set forth in Section 3.03(b).