Examples of Company Offer Period in a sentence
If the Company accepts the Offer to purchase the Offered Interest, the Company Notice shall fix a closing date not more than twenty-five (25) days (the “Company Closing Date”) after the expiration of the Company Offer Period.
At any time prior to the expiration of the Company Offer Period, the Company has the right to accept the Prospective Seller’s Offer by giving a written notice of election (“Company Notice”) to the Prospective Seller with a copy to the Other Members, which must specify the amount of the Offered Units that the Company is willing to purchase (which may be less than the entire Offered Units).
If the Directors wish the Company to repurchase some or all of the Sale Shares, and provided the Company and the Parties can comply with the provisions of the Act regarding repurchase of shares, any one of the remaining Shareholders shall give notice (the "Company Repurchase Notice") of that fact to the Vendor, provided that such Company Repurchase Notice is served on the Vendor within 6 months of the date of the Transfer Notice (the "Company Offer Period").
If at the end of the Company Offer Period and the Warehouse Offer Period and the Replacement Offer Period as the case may be there are any Sale Shares not sold, these shall be offered by the Directors within seven days thereof to all the other Shareholders other than the Vendor pro rata.
Reports of public inquiries held under the Inquiries Act 2005 have, under its section 37, the same privilege ‘as would be the case if those proceedings were proceedings before a court’.
If all the Sale Shares are not purchased by the Company on the Company Completion Date or if there is not given a Company Repurchase Notice during the Company Offer Period, the Directors shall offer the remaining Sale Shares to the Warehouse subject to the Warehouse being able to comply with any provisions of the Act and these Articles regarding funding of the Warehouse.
If the Company does not elect to purchase all of the Offered Units from the Prospective Seller within the Company Offer Period, then each Other Member has the right to purchase that portion of such Offered Units which the Company does not commit to purchase.
The Warehouse shall if it wishes to purchase some or all of the remaining Sale Shares give notice of that fact ("Warehouse Purchase Notice") to the Directors within twenty one days of the end of the Company Offer Period or the Company Completion Date, as the case may be (the "Warehouse Offer Period").
For a period of twenty (20) days from the receipt of the Transfer Notice (the "Company Offer Period"), the Company may, by written notice to the Offeror, the Common Offerees and the Preferred Offerees, elect to purchase all or any portion of the Offered Shares at the Offer Price per share.
Given the level of accuracy associated with DG2 estimates, the final capital costs have the potential to increase by as much as 50% over the current estimates.