Common use of Notifications Regarding Transfers Clause in Contracts

Notifications Regarding Transfers. To the extent that any Stockholder proposes a Transfer pursuant to Section 6.2, such Stockholder shall provide notice ("Transfer Notification") to each of Fortress and Greenhill at least ten Business Days prior to the proposed transfer date of the number of shares of Common Stock proposed to be Transferred. In the event that a proposed Transfer requires the approval of Fortress and Greenhill pursuant to Section 6.2(a), Fortress and Greenhill shall notify such Stockholder of whether the Transfer has been approved within eight Business Days of receipt of a Transfer Notification; provided, however, that Fortress and Greenhill shall be deemed to have approved such proposed Transfer if they fail to notify such Stockholder by such date.

Appears in 1 contract

Sources: Securities Purchase Agreement (Pinnacle Holdings Inc)

Notifications Regarding Transfers. To the extent that any Stockholder proposes a Transfer pursuant to Section 6.26.2(a), such Stockholder shall provide notice ("Transfer Notification") to each of Fortress and Greenhill at least ten Business Days prior to the proposed transfer date of the d▇▇▇ ▇▇ ▇▇e number of shares of Common Stock Registrable Securities proposed to be Transferred. In the event that a proposed Transfer requires the approval of Fortress and Greenhill pursuant to Section 6.2(a), Fortress and Greenhill shall notify such Stockholder of whether the Transfer has been approved b▇▇▇ ▇▇▇▇▇ved within eight Business Days of receipt of a Transfer Notification; provided, however, that Fortress and Greenhill shall be deemed to have approved such proposed Transfer if they fail ▇▇▇▇ ▇▇▇▇ to notify such Stockholder by such date.

Appears in 1 contract

Sources: Amendment and Acknowledgement (Pinnacle Holdings Inc)