Examples of Bona Fide Offeror in a sentence
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The other Member hereby agrees that, upon receipt of such notice, the other Member shall be obligated to sell, contemporaneously with the sale by the Offeree Member of its Interests to the Bona Fide Offeror, all of the other Member’s Interests upon the terms and conditions of such transaction (and otherwise take all necessary action to cause the consummation of the proposed transaction).
If the Offeror does not consummate the sale of his or its Shares to the Bona Fide Offeror on such terms and conditions within such 60-day period, the Offeror shall again be required to comply with all of the provisions of this Section 4.
The Offering Notice shall be accompanied by a copy of the Bona Fide Offer, shall set forth the name and address of the Bona Fide Offeror and shall offer to sell all such Offered Shares to the Remaining Stockholders at the same price and on the same terms per share set forth in the Bona Fide Offer.
The Sale Notice will disclose the number and type of shares of Corporation Securities to be sold, the identity of the Bona Fide Offeror and the terms and conditions of the proposed Transfer and that the Bona Fide Offeror to such Transfer has indicated in writing that it will execute and deliver a counterpart to this Agreement binding itself as a Stockholder to the terms hereof upon the consummation of such proposed Transfer.
If such matching offer is not made within said ten (10) day period, the Initiating Member is free to sell the Membership Interest on the terms of the Bona Fide Offer to the Bona Fide Offeror, free of the rights under this part A of the other Member(s) and such other Member(s) agree to provide an estoppel acknowledging such fact to the Initiating Member and such Offeror upon request.
If the Bona Fide Offer Notice shall ------------------------- not be timely accepted as provided in Section 4.3.1 and therefore expires, then the Offeror may sell his or its Shares to the Bona Fide Offeror within 60 days from the date of the date set forth in Section 4.3.1 hereof upon the terms and conditions set forth in the Bona Fide Offer.
Such notice will disclose the number and type of shares of Corporation Securities to be sold, the identity of the Bona Fide Offeror and the terms and conditions of the proposed Transfer and shall contain such other information as would be required (or as ACAS may subsequently request) to enable ACAS to determine whether such proposed offer is a Bona Fide Offer.
If the Notice of Acceptance is not delivered to the Selling Shareholder within the period of time specified in Section 3.4.2, the Selling Shareholder may, within 90 days of the last day on which the Notice of Acceptance could have been given, transfer the Offered Shares to the Bona Fide Offeror on terms and conditions not more favorable to the proposed transferee than the terms and conditions set forth in the Offer Notice; provided that Section 6.8 hereof is complied with by the Bona Fide Offeror.
Any Bona Fide Offeror who purchases --------------------- Shares pursuant to Section 4 or otherwise becomes the owner of the Shares shall be deemed to have consented to his Shares being subject to and governed by the terms of this Agreement and shall have all of the rights and obligations of a Shareholder under this Agreement from the date of his or its purchase.