Examples of Affected Shareholder in a sentence
If such other Shareholder notifies the Affected Shareholder that it is not interested in entering into such negotiations or if no agreement for the sale of the Divestiture Assets to the JV is reached during the Exclusive Negotiation Period, the Affected Shareholder shall be free to negotiate with any other Person or Persons and to consummate, in one or more transactions, the Divestiture.
Any Non-Affected Shareholder may give notice in writing to the Company within 30 Business Days of the date on which notice is given in accordance with Clause 15.2 (or of the date on which the Non-Affected Shareholder becomes aware of the Trigger Event if the Affected Shareholder fails to give notice in accordance with Clause 15.6) of its intention to exercise its option to purchase certain of the Shareholder Instruments held by the Affected Shareholder (an Option to Purchase Notice).
Notwithstanding any other provisions of this Schedule 4, the Affected Shareholder shall not be obliged to Transfer any Shareholder Instruments pursuant to this Schedule 4 unless all of its Shareholder Instruments are acquired pursuant to this Schedule 4 at the same time.
If such offer of negotiation is accepted, for a period of sixty (60) days following such notice (the “Exclusive Negotiation Period”), the Affected Shareholder shall negotiate in good faith exclusively with the other Shareholder (which period shall be extended for up to an additional thirty (30) days in the event that the Parties are making substantial progress toward completion of the terms of a binding agreement) on behalf of JVCO regarding the sale of the Divestiture Assets to a JV Company.