Participation Procedures. If the other Stockholders are not required, but are entitled and wish, to participate in such sale (each a "Participating Stockholder"), each Participating Stockholder shall give the Selling Former Senior Noteholders written notice (a "Participation Notice") of its election to participate not later than fifteen (15) days after the date of the delivery of the Sale Notice and specifying the number of Shares which it wishes to sell. If the Selling Former Senior Noteholders receive any Participation Notices, they shall not sell any Shares in such transaction unless the purchaser thereof at the same time purchases from each Participating Stockholder on the same terms and conditions, that number of Shares at least equal to the lesser of:
Appears in 7 contracts
Samples: Stockholders Agreement (American Bankers Insurance Co of Florida), Stockholders Agreement (Aegon Usa Investment Management Inc/Ia), Stockholders Agreement (Peninsular Life Insurance Co /Fl/)
