Examples of Selling Purchaser in a sentence
In the event the Participant holds the same type of stock as the Section 6 Selling Purchaser intends to sell the Participant must sell that type of stock.
At the Purchaser Closing, the Selling Purchaser shall present to the Corporation and/or the Other Purchaser, as the case may be, all share certificates for the Purchased Shares required to be sold in proper form for transfer.
The Other Purchaser may exercise such option by giving written notice of exercise to the Selling Purchaser prior to the termination of its Exclusive Option Period.
If the Company has not elected to purchase all of the Transfer Notes within the thirty (30) day period described above, the Selling Purchaser may proceed with the sale to the proposed purchaser.
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Such Company shall have ten (10) Business Days from the date the Transfer Notice is given (the "First Offer Exercise Period") to elect by notice to the Selling Purchaser whether or not to purchase the entire quantity of Securities so offered for the price and on the terms and conditions so specified; provided, however, that if there is more than one Selling Purchaser, the Company shall elect whether or not to purchase the entire quantity of securities of all Selling Purchasers.
Upon receipt of the Preferred Stock and the Underlying Shares upon conversion thereof, the Purchasers will have good and marketable title to such securities and, following the filing of the Prospectus Supplement pursuant to Section 4.14, the Preferred Stock and the Underlying Shares will be immediately freely tradable on each Trading Market (subject to Section 4.19 and assuming compliance by the Purchasers with Section 4.14 with respect the Selling Purchaser Information).
Within thirty (30) days after receipt of the Sales Notice the Company shall notify the Selling Purchaser whether the Company elects to purchase all (but not less than all) of the Transfer Notes.
If a contract for such sale is not executed by the Contract Date or such sale is not consummated within 30 days after the Contract Date for any reason, then the restrictions provided for herein shall again become effective, and no transfer of such Offered Securities may be made thereafter by the Selling Purchaser without again offering the same to the Company and the Rightholders in accordance with this Section 7.4.
Notwithstanding the foregoing, the liability of any Selling Purchaser under this subsection (b) shall be limited in an amount equal to the net proceeds of the shares sold by such Selling Purchaser, unless such liability arises out of or is based on willful misconduct by such Selling Purchaser.