Exercise of Right of First Offer. (i) Upon receipt of the Offering Notice, the Sponsor shall have until the end of the ROFO Notice Period to offer to purchase any or all of the New Equity Securities by delivering a written notice (a “ROFO Offer Notice”) to the Company stating that it offers to purchase such New Equity Securities on the terms specified in the Offering Notice. Any ROFO Offer Notice so delivered shall be binding upon delivery and irrevocable by the Sponsor.
Appears in 22 contracts
Samples: Letter Agreement (Atlantic Coastal Acquisition Corp. II), Letter Agreement (Atlantic Coastal Acquisition Corp. II), Letter Agreement (Atlantic Coastal Acquisition Corp. II)
Exercise of Right of First Offer. (i) Upon receipt of the Offering Notice, the Sponsor Purchaser shall have until the end of the ROFO Notice Period to offer to purchase any or all (but not less than all) of the New Equity Securities Securities, by delivering a written notice (a “ROFO Offer Notice”) to the Company stating that it offers to purchase such New Equity Securities on the terms specified in the Offering Notice. Any ROFO Offer Notice so delivered shall be binding upon delivery and irrevocable by the SponsorPurchaser.
Appears in 12 contracts
Samples: Forward Purchase Agreement (Tiga Acquisition Corp. III), Forward Purchase Agreement (Tiga Acquisition Corp. III), Forward Purchase Agreement (Tiga Acquisition Corp. II)
