Approved Block Trade

Example Definitions of "Approved Block Trade"
Approved Block Trade. Means a block sale or non-marketed underwritten offering of Registrable Securities (i) for a sales price per share of no less than 90% of the average closing price of the Common Stock on the NASDAQ Global Market for the five trading days ending immediately prior to such sale or offering (excluding any commissions paid in connection with such block sale or offering) and (ii) for not less than 300,000 shares of Common Stock, in the case of each of clauses (i) and (ii), in a bid process effected... through an underwriter. 1 To be the number calculated pursuant to Section 2.02(a)(i) of the Merger Agreement. View More
Found in CARROLS RESTAURANT GROUP, INC. contract
Approved Block Trade. Means a block sale or non-marketed underwritten offering of Registrable Securities (i) for a sales price per share of no less than 90% of the average closing price of the Common Stock on the NASDAQ Global Market for the five trading days ending immediately prior to such sale or offering (excluding any commissions paid in connection with such block sale or offering) and (ii) for not less than 300,000 shares of Common Stock, in the case of each of clauses (i) and (ii), in a bid process effected... through an underwriter. 1 To be the number calculated pursuant to Section 2.02(a)(i) of the Merger Agreement. View More
Found in CARROLS RESTAURANT GROUP, INC. contract
View Variation
All Definitions