Offer Notice definition
Examples of Offer Notice in a sentence
The Offer Notice shall include the number of MSI Shares to be sold, the proposed sale price (which may be subject to market value fluctuations), and any other material terms and conditions of the Proposed Sale.
Upon receipt of the Offer Notice, Xxxxxxx shall have the right, but not the obligation, to purchase all or a portion of the MSI Shares on the terms and conditions set forth in the Offer Notice.
Berkley must exercise this right by delivering an Acceptance Notice to MSI within ten (10) Business Days following receipt of the Offer Notice.
If Xxxxxxx delivers an Acceptance Notice within the specified period, MSI and Berkley shall proceed to consummate the sale of the MSI Shares on the terms and conditions set forth in the Offer Notice.
Family Holdings must exercise this right by delivering a written notice of acceptance (the “Acceptance Notice”) to MSI within twenty (20) Business Days following receipt of the Offer Notice.