Common use of Exercise of Right of First Offer Clause in Contracts

Exercise of Right of First Offer. (i) Upon receipt of the Offering Notice, the Purchaser shall have, until the end of the ROFO Notice Period, the right (but not the obligation) to offer to purchase all or a portion of its pro rata portion 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 Purchaser.

Appears in 4 contracts

Samples: Forward Purchase Agreement (Summit Healthcare Acquisition Corp.), Forward Purchase Agreement (Summit Healthcare Acquisition Corp.), Forward Purchase Agreement (Summit Healthcare Acquisition Corp.)

AutoNDA by SimpleDocs

Exercise of Right of First Offer. (i) Upon receipt of the Offering Notice, the Purchaser shall have, have until the end of the ROFO Notice Period, the right (but not the obligation) Period to offer to purchase any or all or a portion of its pro rata portion of the New Equity Securities, Offered Securities by delivering a written notice (a “ROFO Offer Notice”) to the Company stating the amount of Offered Securities 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 Purchaser.

Appears in 3 contracts

Samples: Equity Participation Agreement, Equity Participation Agreement (Far Point Acquisition Corp), Equity Participation Agreement (Far Point Acquisition Corp)

Exercise of Right of First Offer. (i) Upon receipt of the Offering Notice, the Purchaser shall have, until the end of the ROFO Notice Period, the right (but not the obligation) to offer to purchase all or a portion of its pro rata portion the $[·] 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 Purchaser.

Appears in 2 contracts

Samples: Forward Purchase Agreement (Anzu Special Acquisition Corp I), Forward Purchase Agreement (Anzu Special Acquisition Corp I)

Exercise of Right of First Offer. (i) Upon receipt of the Offering Seller Notice, the Purchaser Buyer shall have, have until the end of the ROFO Notice Period, the right (but not the obligation) Period to offer to purchase all or a portion of its pro rata portion (but not less than all) of the New Equity Securities, Offered Shares by delivering a written notice (a “ROFO Offer Notice”) to the Company Offering Seller stating that it offers to purchase such New Equity Securities Offered Shares on the terms specified in the Offering Seller Notice. Any ROFO Offer Notice so delivered shall be binding upon delivery and irrevocable by the PurchaserBuyer.

Appears in 1 contract

Samples: Stock Purchase Agreement (Customers Bancorp, Inc.)

AutoNDA by SimpleDocs

Exercise of Right of First Offer. (i) i. Upon receipt of the Offering Notice, the Prospective Purchaser shall have, have until the end of the ROFO Notice Period, the right (but not the obligation) Period to offer to purchase any or all or a portion of its pro rata portion 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 Prospective Purchaser.

Appears in 1 contract

Samples: Letter Agreement (Fifth Wall Acquisition Corp. II)

Exercise of Right of First Offer. (i) Upon receipt of the Offering Notice, the Purchaser shall have, have until the end of the ROFO Notice Period, the right (but not the obligation) Period to offer to purchase all or a portion of its pro rata portion (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 Purchaser.

Appears in 1 contract

Samples: Forward Purchase Agreement (Foley Trasimene Acquisition II)

Time is Money Join Law Insider Premium to draft better contracts faster.