Common use of BCD Sale; Obtaining Offer Clause in Contracts

BCD Sale; Obtaining Offer. If BCD proposes to sell all or substantially all of its Shares in any single transaction or related series of transactions and other than to an Affiliate, then BCD shall cause the proposed purchaser to deliver to the Shareholders an offer to purchase all of their Shares on the same relative terms and conditions as offered to BCD for its Shares. The Shareholders may accept such additional offer by delivering their written acceptances to the proposed purchaser within thirty (30) days from the receipt of such offer from the proposed purchaser. The closing of any sale pursuant to this Section 2(c) shall occur simultaneously with the sale of BCD's Shares to said purchaser.

Appears in 2 contracts

Samples: Shareholders Agreement (TRX Inc/Ga), Shareholders Agreement (TRX Inc/Ga)

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BCD Sale; Obtaining Offer. If BCD proposes to sell all or substantially all of its Shares in any single transaction or related series of transactions and other than to an Affiliate, then BCD shall cause the proposed purchaser to deliver to the Shareholders Shareholder an offer to purchase all of their Shares on the same relative terms and conditions as offered to BCD for its Shares. The Shareholders Shareholder may accept such additional offer by delivering their written acceptances to the proposed purchaser within thirty (30) days from the receipt of such offer from the proposed purchaser. The closing of any sale pursuant to this Section 2(c) shall occur simultaneously with the sale of BCD's ’s Shares to said purchaser.

Appears in 2 contracts

Samples: Shareholders Agreement (TRX Inc/Ga), Shareholders Agreement (TRX Inc/Ga)

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BCD Sale; Obtaining Offer. If BCD proposes to sell all or substantially all of its Shares in any single transaction or related series of transactions and other than to an Affiliate, then BCD shall cause the proposed purchaser to deliver to the Shareholders an offer to purchase all of their Shares on the same relative terms and conditions as offered to BCD for its Shares. The Shareholders may accept such additional offer by delivering their written acceptances to the proposed purchaser within thirty (30) days from the receipt of such offer from the proposed purchaser. The closing of any sale pursuant to this Section 2(c) shall occur simultaneously with the sale of BCD's ’s Shares to said purchaser.

Appears in 2 contracts

Samples: Amended and Restated (TRX Inc/Ga), Amended and Restated Shareholders Agreement (TRX Inc/Ga)

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