Examples of Participation Notice Period in a sentence
If the Purchaser elects to purchase all or a portion of such Additional Investment specified in the Offer Notice, the Purchaser shall deliver to the Company during the Participation Notice Period a written notice stating the aggregate amount of the proposed Additional Investment that the Purchaser offers to purchase (the “Participation Notice”).
The Offer Notice shall constitute the Company's offer to issue such Additional Investment to the Purchaser substantially on the terms and conditions specified in the Offer Notice, which offer shall be irrevocable for fifteen (15) Business Days following the date the Offer Notice is received by the Purchaser (the "Participation Notice Period").
If the Purchaser elects to purchase Additional Securities in the Additional Investment specified in the Offer Notice, the Purchaser shall deliver to the Company during the Participation Notice Period a written notice stating the aggregate amount of the proposed Additional Investment that the Purchaser offers to purchase, not to exceed the Purchaser’s Pro Rata Share of such Additional Investment (the “Participation Notice”).
Failure to provide a Participation Notice within the Participation Notice Period shall be deemed to constitute an election by such Tag-Along Member not to exercise its Tag-Along Right.
If any Offered Shares remain unallocated following such process, such Offered Shares may be issued to any Person (other than a Restricted Person), as determined by the Board, on terms (including with respect to price) that are no more favourable to such Person than those offered to the Shareholders, provided that such issuance must be completed no more than fifteen (15) Business Days following the end of the Participation Notice Period.
If the Purchaser elects to purchase all of such Additional Investment specified in the Offer Notice, the Purchaser shall deliver to the Company during the Participation Notice Period a written notice stating the aggregate amount of the proposed Additional Investment that the Purchaser offers to purchase (the “Participation Notice”).
Within five days after the expiration of the Participation Notice Period, the Transferring Member shall notify each Electing Member of the number of Tag-Along Units held by such Electing Member that will be included in the Transfer in accordance with Section 8.6(d), and the date on which the Transfer is anticipated to be consummated.
If any participating Eligible Purchaser does not deliver a Participation Notice during the Participation Notice Period (or if, prior to the expiration of the Participation Notice Period, any applicable Eligible Purchaser delivers to the Company a written notice declining to participate in the Additional Investment specified in the Offer Notice), such Eligible Purchaser shall be deemed to have irrevocably waived its right to participate in such Additional Investment under this Section 4.07.
Each Shareholder wishing to acquire the Offered Shares shall notify the Company in writing within the Participation Notice Period and shall also be entitled to indicate in its notice whether it would be willing to acquire Offered Shares in excess of its pro rata allocation (and, if so, provide the maximum number it would be willing to acquire).