Common use of RECEIPT OF OFFER Clause in Contracts

RECEIPT OF OFFER. If a Shareholder (hereinafter referred to in this Article as the “Offeror”) receives a bona fide offer (hereinafter referred to in this Article as the “Initial Offer”) from any person (hereinafter referred to in this Article as the “Third Party”) dealing at Arm’s-length with the Offeror, to purchase all of the Common Shares owned by the Offeror, which is acceptable to the Offeror, the Offeror shall send a true copy of the Initial Offer and a notice (hereinafter referred to in this Article as the “Subsequent Offer”) to the other Shareholder offering to sell such shares (such shares being hereinafter referred to in this Article as the “Purchased Shares”) to the other Shareholder (hereinafter referred to in this Article as the “Offeree”) on the same terms and conditions (including, without limitation, the purchase price) as are contained in the Initial Offer. The Offeree shall be entitled to accept the Subsequent Offer within ( ) days from the date upon which such notice was received by the Offeree.

Appears in 4 contracts

Samples: Shareholders’ Agreement, Shareholders’ Agreement, Shareholders’ Agreement

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RECEIPT OF OFFER. 0000-00-0000 If a Shareholder (hereinafter referred to in this Article as the “Offeror”) receives a bona fide offer (hereinafter referred to in this Article as the “Initial Offer”) from any person (hereinafter referred to in this Article as the “Third Party”) dealing at Arm’s-Arm’s length with the Offeror, to purchase all of the Common Shares owned by the Offeror, which is acceptable to the Offeror, the Offeror shall send a true copy of the Initial Offer and a notice (hereinafter referred to in this Article as the “Subsequent Offer”) to the other Shareholder offering to sell such shares (such shares being hereinafter referred to in this Article as the “Purchased Shares”) to the other Shareholder (hereinafter referred to in this Article as the “Offeree”) on the same terms and conditions (including, without limitation, the purchase price) as are contained in the Initial Offer. The Offeree shall be entitled to accept the Subsequent Offer within ( ) days from the date upon which such notice was received by the Offeree.

Appears in 2 contracts

Samples: Shareholders’ Agreement, Shareholders’ Agreement

RECEIPT OF OFFER. 0000-00-0000 If a Shareholder (hereinafter referred to in this Article as the “Offeror”) receives a bona fide offer (hereinafter referred to in this Article as the “Initial Offer”) from any person (hereinafter referred to in this Article as the “Third Party”) dealing at Arm’s-length with the Offeror, to purchase all of the Common Shares owned by the Offeror, which is acceptable to the Offeror, the Offeror shall send a true copy of the Initial Offer and a notice (hereinafter referred to in this Article as the “Subsequent Offer”) to the other Shareholder offering to sell such shares (such shares being hereinafter referred to in this Article as the “Purchased Shares”) to the other Shareholder (hereinafter referred to in this Article as the “Offeree”) on the same terms and conditions (including, without limitation, the purchase price) as are contained in the Initial Offer. The Offeree shall be entitled to accept the Subsequent Offer within ( ) days from the date upon which such notice was received by the Offeree.

Appears in 2 contracts

Samples: Shareholders’ Agreement, Shareholders’ Agreement

RECEIPT OF OFFER. If a any Shareholder (hereinafter referred to in this Article as the “Offeror”) receives a bona fide offer (hereinafter referred to in this Article as the “Initial Offer”) from any person (hereinafter referred to in this Article as the “Third Party”) dealing at Arm’s-length with the Offeror, to purchase all of the Common Shares owned by the Offeror, which is acceptable to the Offeror, the Offeror shall send a true copy of the Initial Offer and a notice (hereinafter referred to in this Article as the “Subsequent Offer”) to the other Shareholder Shareholders offering to sell such shares (such shares being hereinafter referred to in this Article as the “Purchased Shares”) to the other Shareholder Shareholders (hereinafter referred to in this Article as the “OffereeOfferees”) on the same terms and conditions (conditions( including, without limitation, the purchase price) as are contained in the Initial Offer. The Offeree Offerees shall be entitled to accept the Subsequent Offer within ( ) days from the date upon which such notice was is received by the OffereeOfferees.

Appears in 2 contracts

Samples: Shareholders’ Agreement, Shareholders’ Agreement

RECEIPT OF OFFER. If a Shareholder (hereinafter referred to in this Article as the “Offeror”) receives a bona fide offer (hereinafter referred to in this Article as the “Initial Offer”) from any person (hereinafter referred to in this Article as the “Third Party”) dealing at Arm’s-Arm’s length with the Offeror, to purchase all of the Common Shares owned by the Offeror, which is acceptable to the Offeror, the Offeror shall send a true copy of the Initial Offer and a notice (hereinafter referred to in this Article as the “Subsequent Offer”) to the other Shareholder offering to sell such shares (such shares being hereinafter referred to in this Article as the “Purchased Shares”) to the other Shareholder (hereinafter referred to in this Article as the “Offeree”) on the same terms and conditions (conditions( including, without limitation, the purchase price) as are contained in the Initial Offer. The Offeree shall be entitled to accept the Subsequent Offer within ( ) days from the date upon which such notice was received by the Offeree.

Appears in 1 contract

Samples: Shareholders’ Agreement

RECEIPT OF OFFER. 0000-00-0000 If a Shareholder (hereinafter referred to in this Article as the “Offeror”) receives a bona fide offer (hereinafter referred to in this Article as the “Initial Offer”) from any person (hereinafter referred to in this Article as the “Third Party”) dealing at Arm’s-length with the Offeror, to purchase all of the Common Shares owned by the Offeror, which is acceptable to the Offeror, the Offeror shall send a true copy of the Initial Offer and a notice (hereinafter referred to in this Article as the “Subsequent Offer”) to the other Shareholder offering to sell such shares (such shares being hereinafter referred to in this Article as the “Purchased Shares”) to the other Shareholder (hereinafter referred to in this Article as the “Offeree”) on the same terms and conditions (including, without limitation, the purchase price) as are contained in the Initial Offer. The Offeree shall be entitled to accept the Subsequent Offer within ( ) days from the date upon which such notice was received by the Offeree.

Appears in 1 contract

Samples: Shareholders’ Agreement

RECEIPT OF OFFER. SPECIMEN If a Shareholder (hereinafter referred to in this Article as the “Offeror”) receives a bona fide offer (hereinafter referred to in this Article as the “Initial Offer”) from any person (hereinafter referred to in this Article as the “Third Party”) dealing at Arm’s-length with the Offeror, to purchase all of the Common Shares owned by the Offeror, which is acceptable to the Offeror, the Offeror shall send a true copy of the Initial Offer and a notice (hereinafter referred to in this Article as the “Subsequent Offer”) to the other Shareholder offering to sell such shares (such shares being hereinafter referred to in this Article as the “Purchased Shares”) to the other Shareholder (hereinafter referred to in this Article as the “Offeree”) on the same terms and conditions (including, without limitation, the purchase price) as are contained in the Initial Offer. The Offeree shall be entitled to accept the Subsequent Offer within ( ) days from the date upon which such notice was received by the Offeree.

Appears in 1 contract

Samples: Shareholders’ Agreement

RECEIPT OF OFFER. SPECIMEN If a any Shareholder (hereinafter referred to in this Article as the “Offeror”) receives a bona fide offer (hereinafter referred to in this Article as the “Initial Offer”) from any person (hereinafter referred to in this Article as the “Third Party”) dealing at Arm’s-Arm’s length with the Offeror, to purchase all of the Common Shares owned by the Offeror, which is acceptable to the Offeror, the Offeror shall send a true copy of the Initial Offer and a notice (hereinafter referred to in this Article as the “Subsequent Offer”) to the other Shareholder Shareholders offering to sell such shares (such shares being hereinafter referred to in this Article as the “Purchased Shares”) to the other Shareholder Shareholders (hereinafter referred to in this Article as the “OffereeOfferees”) on the same terms and conditions (conditions( including, without limitation, the purchase price) as are contained in the Initial Offer. The Offeree Offerees shall be entitled to accept the Subsequent Offer within ( ) days from the date upon which such notice was is received by the OffereeOfferees.

Appears in 1 contract

Samples: Shareholders’ Agreement

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RECEIPT OF OFFER. If a Shareholder (hereinafter referred to in this Article as the “Offeror”) receives a bona fide offer (hereinafter referred to in this Article as the “Initial Offer”) from any person (hereinafter referred to in this Article as the “Third Party”) dealing at Arm’s-length with the Offeror, to purchase all of the Common Shares owned by the Offeror, which is acceptable to the Offeror, the Offeror shall send a true copy of the Initial Offer and a notice (hereinafter referred to in this Article as the “Subsequent Offer”) to the other Shareholder offering to sell such shares (such shares being hereinafter referred to in this Article as the “Purchased Shares”) to the other Shareholder (hereinafter referred to in this Article as the “Offeree”) on the same terms and conditions (conditions( including, without limitation, the purchase price) as are contained in the Initial Offer. The Offeree shall be entitled to accept the Subsequent Offer within ( ) days from the date upon which such notice was received by the Offeree.

Appears in 1 contract

Samples: Shareholders’ Agreement

RECEIPT OF OFFER. If a any Shareholder (hereinafter referred to in this Article as the “Offeror”) receives a bona fide offer (hereinafter referred to in this Article as the “Initial Offer”) from any person (hereinafter referred to in this Article as the “Third Party”) dealing at Arm’s-length with the Offeror, to purchase all of the Common Shares owned by the Offeror, which is acceptable to the Offeror, the Offeror shall send a true copy of the Initial Offer and a notice (hereinafter referred to in this Article as the “Subsequent Offer”) to the other Shareholder Shareholders offering to sell such shares (such shares being hereinafter referred to in this Article as the “Purchased Shares”) to the other Shareholder Shareholders (hereinafter referred to in this Article as the “OffereeOfferees”) on the same terms and conditions (conditions( including, without limitation, the purchase price) as are contained in the Initial Offer. The Offeree Offerees shall be entitled to accept the Subsequent Offer within ( · (·) days from the date upon which such notice was is received by the OffereeOfferees.

Appears in 1 contract

Samples: Shareholders’ Agreement

RECEIPT OF OFFER. If a Shareholder (hereinafter referred to in this Article as the “Offeror”) receives a bona fide offer (hereinafter referred to in this Article as the “Initial Offer”) from any person (hereinafter referred to in this Article as the “Third Party”) dealing at Arm’s-Arm’s length with the Offeror, to purchase all of the Common Shares owned by the Offeror, which is acceptable to the Offeror, the Offeror shall send a true copy of the Initial Offer and a notice (hereinafter referred to in this Article as the “Subsequent Offer”) to the other Shareholder offering to sell such shares (such shares being hereinafter referred to in this Article as the “Purchased Shares”) to the other Shareholder (hereinafter referred to in this Article as the “Offeree”) on the same terms and conditions (including, without limitation, the purchase price) as are contained in the Initial Offer. The Offeree shall be entitled to accept the Subsequent Offer within ( ) days from the date upon which such notice was received by the Offeree.

Appears in 1 contract

Samples: Shareholders’ Agreement

RECEIPT OF OFFER. 0000-00-0000 If a Shareholder (hereinafter referred to in this Article as the “Offeror”) receives a bona fide offer (hereinafter referred to in this Article as the “Initial Offer”) from any person (hereinafter referred to in this Article as the “Third Party”) dealing at Arm’s-length with the Offeror, to purchase all of the Common Shares owned by the Offeror, which is acceptable to the Offeror, the Offeror shall send a true copy of the Initial Offer and a notice (hereinafter referred to in this Article as the “Subsequent Offer”) to the other Shareholder offering to sell such shares (such shares being hereinafter referred to in this Article as the “Purchased Shares”) to the other Shareholder (hereinafter referred to in this Article as the “Offeree”) on the same terms and conditions (conditions( including, without limitation, the purchase price) as are contained in the Initial Offer. The Offeree shall be entitled to accept the Subsequent Offer within ( ) days from the date upon which such notice was received by the Offeree.

Appears in 1 contract

Samples: Shareholders’ Agreement

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