Acquisition of Saving Street Sample Clauses

Acquisition of Saving Street. 15.1 Ellie Mae shall have a first right of offer and a right of first refusal to acquire Saving Street. Saving Street will first notify Ellie Mae in writing of its desire to enter into a change of control situation (“Notice of Change in Control”) and provide Ellie Mae with the right to make an offer before offers from others are considered (a “Right of First Offer”), which offer will be based on fair market value, as determined by an independent party knowledgeable in the industry chosen by the Parties. If the Parties are unable to reach an agreement within a reasonable period of time, but which will not exceed a period of thirty (30) days after Saving Street delivers its Notice of Change of Control to Ellie Mae, Saving Street will then have the ability to negotiate with any third party, but nonetheless agrees to give Ellie Mae the right to make the last offer, and, in any event, the right to purchase Saving Street or its assets at any price agreed on with such third party (a “Right of First Refusal”).
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Related to Acquisition of Saving Street

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