Interested Third Party definition
Examples of Interested Third Party in a sentence
The Interested Third Party which effectively acquires the Shares object of the First Offering will automatically assume all the rights and obligations of the Original Shareholder according to this Agreement, under the terms of Clause 7.5 above.
Unless otherwise expressly permitted hereunder, (i) Customer shall not operate or permit the Aircraft to be operated for air taxi operations or otherwise under Part 135 of the FARs; and (ii) Customer, an Affiliate or other Interested Third Party shall at all times have, and maintain, “operational control” of the Aircraft (as such term is then interpreted by the FAA or such other applicable Governmental Authority), and no other Person shall operate the Aircraft.
For purposes of exercising the Preemptive Right, the Selling Shareholder shall send a written notice to Stone mentioning (i) the terms of the Third-Party Proposal with a copy of it, (ii) a strong intention from the Selling Shareholder to Transfer the Offered Shares; (iii) the number of Offered Shares; (iv) the name and data of the Interested Third Party.
Each ROFR Sale Notice shall set forth the Pro Rata Portions of the Eligible ROFR Members, the number and class of Units proposed to be Transferred by the ROFR Seller, the form of consideration and terms and conditions of payment offered by the Interested Third Party and a summary of all other material terms pertaining to the Transfer and the ROFR Seller’s intention to accept the Third Party Offer.
If the Transfer of the Offered Shares to the Interested Third Party is not performed within said period or if the conditions provided in the Third-Party Proposal or the Notice of Transfer are amended concerning pricing and/or conditions of payment or any pertaining change, the whole procedure to exercise the Preemptive Right will be reset.