Examples of Offered Asset in a sentence
As soon as practicable after the Offer is made, the Acquiring Party will deliver to the Offeree all information prepared by or on behalf of or in the possession of such Acquiring Party relating to the Offered Asset and reasonably requested by the Offeree.
If the Offered Asset is not sold in such time frame or otherwise as aforesaid, then any plan by the Company to sell such Offered Asset shall again be subject to this Section 3(b).
In the event that XX Xxxxx shall have exercised its right to purchase the Offered Asset and XX Xxxxx defaults in the purchase of the Offered Asset on the agreed terms, XX Xxxxx shall be deemed to have waived its rights under this Section with respect to the Offered Asset, and the Company shall thereafter have the right to sell the Offered Asset to any other person without restrictions.
If XX Xxxxx exercises such right, then the Company shall sell the Offered Asset to XX Xxxxx on such terms and conditions, and subject to customary representations and warranties.
In the event that XX Xxxxx does not exercise its right as aforesaid, the Company shall have the right to sell the Offered Asset to any other person within six (6) months thereafter at not less than 99% of the offered price and otherwise on substantially the same terms and conditions as were offered to XX Xxxxx.
The Offer shall set forth the Acquiring Party’s proposed terms relating to the purchase or charter-in of the Offered Asset by the applicable Parent Group Member, including any liabilities to be assumed by the applicable Parent Group Member as part of the Offer.
If at any time the Company plans to sell any interest it owns in Distressed Debt (the “Offered Asset”), the Company shall first give XX Xxxxx written notice of the terms and conditions, including the price and any other material terms and conditions on which the Company is willing to sell the Offered Asset.
The Offer shall set forth the Acquiring Party’s proposed terms relating to the purchase of the Offered Asset by the applicable GSL Group Member, including any liabilities to be assumed by the applicable GSL Group Member as part of the Offer.
The decision to purchase the applicable Offered Asset, the purchase price to be paid for the applicable Offered Asset, and the other terms of the purchase shall be approved by the independent directors of the Board and recommended to the Board for approval.
XX Xxxxx shall have the right, exercisable by written notice to the Company within ten (10) Business Days after the date the notice was delivered to the Company, to agree to purchase the Offered Asset upon the terms and conditions contained in the Notice.