Examples of Offer to Pay in a sentence
The amount specified in the Offer to Pay which has been accepted by a Dissenting Shareholder will be paid by the Corporation within 10 days after the acceptance by the Dissenting Shareholder of the Offer to Pay, but any such Offer to Pay lapses if the Corporation does not receive an acceptance thereof within 30 days after the Offer to Pay has been made.
The Offer to Pay a Fine may provide for the payment of a Fine on acceptance of the Offer, or that the recipient can cure the violation within a time fixed in the Offer, with a fine to be paid only in the event the violation is not cured within the time allowed.
Comamtech is required, no later than seven days after the later of the Effective Date or the date on which it received the Payment Demand of a Dissenting Shareholder, to send to each Dissenting Shareholder who has sent a Payment Demand to it, an Offer to Pay for its Comamtech Shares in an amount considered by the Board of Directors to be the fair value thereof, accompanied by a statement showing the manner in which the fair value was determined.
If Lifeco fails to make an Offer to Pay in respect of the Exchangeable Shares held by a Dissenting Shareholder at the Closing Time, or if a Dissenting Shareholder fails to accept an offer which has been made, Lifeco may, within 50 days after the Closing Date, apply to have an Arbitrator appointed who shall fix the fair value in cash of the Canada Life Shares of Dissenting Shareholders as of the business day before the Transaction Resolution was adopted.
If Comamtech fails to make an Offer to Pay or if a Dissenting Shareholder fails to accept an Offer to Pay that has been made, Comamtech may, within 50 days after the Effective Date or within such further period as the Court may allow, apply to the Court to fix a fair value for the Comamtech Shares of Dissenting Shareholders.