Examples of Selling Investor in a sentence
Also, Schedule B exempts 3.5 million shares of another Selling Investor’s stock, but the record suggests that this Selling Investor may have transferred far more than 3.5 million shares.142 Establishing a credible basis merely requires some evidence.
Karp, a Selling Investor, owned 61 million shares of common stock in 2009.133 As of January 2017, however, Karp owns approximately 40 million shares.
In order to participate in the Tag-Along Sale, a Member must deliver a written notice to the Selling Investor (the “Tag-Along Holder Notice”) during the ten Business Day period after the date of delivery of the Tag-Along Notice, which shall state the number of Units such Member proposes to include in the Tag-Along Sale (which shall not exceed the maximum amount computed in accordance with the terms set forth herein).
Such Selling Investor’s notice to the Seller shall indicate the number of Equity Securities that the Selling Investor desires to sell.
Having said that Lord Leggatt did go on to say that the position might be different where a transfer of company assets made by a director is an unlawful preference.