Examples of Company Offer Period in a sentence
At any time prior to the expiration of the Company Offer Period, the Company has the right to accept the Prospective Seller’s Offer by giving a written notice of election (“Company Notice”) to the Prospective Seller with a copy to the Other Members, which must specify the amount of the Offered Units that the Company is willing to purchase (which may be less than the entire Offered Units).
If the Company accepts the Offer to purchase the Offered Interest, the Company Notice shall fix a closing date not more than twenty-five (25) days (the “Company Closing Date”) after the expiration of the Company Offer Period.
If the Company does not elect to purchase all of the Offered Units from the Prospective Seller within the Company Offer Period, then each Other Member has the right to purchase that portion of such Offered Units which the Company does not commit to purchase.
If SG DEV fails to accept or affirmatively rejects the offer to purchase all or any portion of the Project within the Company Offer Period, JDI then shall offer to sell all or any portion of the Project which are not to be purchased by SG DEV.
If the Company does not elect to purchase all of the Offered Shares, the Common Offerees shall have a period of ten (10) additional days beyond the Company Offer Period (the "Common Offer Period") to elect, by written notice to the Offeror, to purchase the Offered Shares not purchased by the Company (the "Refused Shares") at the Offer Price per share in such proportions as they may agree upon.
For a period of twenty (20) days from the receipt of the Transfer Notice (the "Company Offer Period"), the Company may, by written notice to the Offeror, the Common Offerees and the Preferred Offerees, elect to purchase all or any portion of the Offered Shares at the Offer Price per share.
Any transferee of this Note shall have the rights of a holder in due course under Article 3 of the Connecticut Uniform Commercial Code if the transferee took rights under this Note in good faith for value and without notice of a claim or defense.
The Company Right of First Refusal shall be exercisable by written notice given within the Company Offer Period by the Company to the Selling Shareholder (the "Company Acceptance Notice") setting forth the number of Offered Shares to be purchased by the Company.
If the Company does not accept the Company Firm Offer as to all of the Offered Interests during the Company Offer Period, the Company Firm Offer shall be deemed to be rejected in its entirety.
The consummation of the purchase of Shares by the Company or the Offeree Shareholders pursuant to the Offers shall occur within the earlier of (a) sixty (60) days following the expiration of the Company Offer Period if the Company elects to purchase all of the Offered Shares and (b) sixty (60) days following the expiration of the Shareholder Offer Period if the Company has not elected to purchase all of the Offered Shares.