First Bidder definition
First Bidder means the Shareholder making the higher offer in the buyout procedure described in Clause 15.7.
Examples of First Bidder in a sentence
The Shareholder to which the offer of the higher price is made may, within fifteen (15) days of service of such offer either accept that offer or serve a notice on the other Shareholder (the "First Bidder"), unconditionally offering to purchase all of the Participating Interest held by the First Bidder.
The price per Share offered to be paid to the First Bidder by the other Shareholder must be at least 5% higher than the offer price per Share specified in the First Bidder's offer.