Offer Notification definition
Examples of Offer Notification in a sentence
For a period of thirty (30) days following the receipt of the Offer Notification, the Selling Member and the Member Offerees shall negotiate in good faith to agree upon a final purchase price and terms for the Offered Membership Interest (a "Negotiated Purchase Price").
If the Selling Member and the Member Offerees are unable in good faith to agree on a purchase price and terms, the Member Offerees shall have the right for a period of fifteen (15) days following the end of the thirty (30) day negotiation period, to elect to purchase all or any portion of its pro rata share of such Offered Membership Interest on the Terms originally set forth in the Offer Notification (the "Transfer Offer Period").
Condor International has a period of 30 days from the date of receipt of the Offer Notification (the “Offer Period”) to notify the holder in writing of its decision to purchase the Transferred Bonds at the Offer Price or the redemption amount of the Transferred Bonds, whichever is the higher (the “Purchase Price”).
No offer, either unofficial or official, will be made to any EP fellowship applicants prior to the Common Offer Notification Date and Time.
Any Offer Notification shall be made in accordance with all applicable Laws and the parties hereto acknowledge and agree that, notwithstanding any provision to the contrary contained herein except as provided in Section 6.12(c), the Principal Company Shareholders shall not be prohibited from accepting a valid Counterbid (for purposes of this Agreement, such term shall have the meaning ascribed to it in the Company Shareholders Agreement) in accordance with the Company Shareholders Agreement.
If the Selling Member and the Member Offerees are unable in good faith to agree on a purchase price and terms, the Member Offerees shall have the right for a period of fifteen (15) days following the end of the thirty (30) day negotiation period, to elect to purchase all or any portion of its pro rata share of such Offered Membership Interest on the Terms originally set forth in the Offer Notification (the "TRANSFER OFFER PERIOD").
The Offer Notification shall describe in reasonable detail the material terms and conditions of such Offer, including the name and address of the proposed acquirer, its source of financing and the expected date, time and location of the proposed consummation of such Offer, and shall include a copy of any term sheet, letter of intent, indication of interest or acquisition proposal.
The land over which the Owner obligations apply is set out on the plan in Schedule 1 of the Confirmation of Successful Project Offer Notification (Key Information Tables).
Within forty-five (45) days following the delivery of the Offer Notification, the Designated Holders shall have the right to commit in writing to purchase all Securities not held by the Designated Holders at the valuation specified in the Offer.
Paragraph 3 - Once the preemptive right referred to in this Clause has been exercised, the purchase price to be paid by the Offered Party(ies) shall be the same price as the Offer Notification.