Pre-emption Period definition
Examples of Pre-emption Period in a sentence
In consideration of the payment of One pound (£1) paid by the Buyer to the Seller (receipt of which is acknowledged) the Seller grants to the Buyer the option to buy the freehold interest in the Property for the Option Price at any time after the Property is in a Poor Condition for more than six (6) consecutive months within the Pre-emption Period.
At all times during the continuation of the Pre-emption Period and in connection with the obligations on each party pursuant to this agreement, the parties to this agreement shall act in good faith towards one another sincerely, fairly with honest and honourable intent and belief and without any intention to act maliciously or defraud or ▇▇▇▇▇▇.
Subject to clause 6 above the Option shall be exercisable by the Buyer serving the Option Notice on the Seller at any time during the Pre-emption Period.
The failure by a Shareholder to give a Pre-emption Acceptance Notice within the Pre-emption Period shall be deemed to be a waiver of such Shareholder’s Pre-emption Right.
Following the expiration of the Second Preemption Period, the Company may proceed with such proposed issue, sale, or grant of any remaining Proposed Securities.
The failure by any PR Holder to give such notice within the Preemption Period shall be deemed a waiver by such PR Holder of its Preemptive Rights with respect to such Proposed Issuance.
The transfer of Subject Securities by the Selling Securityholder to the Exercising Preemption Beneficiaries (in accordance with the allocation resulting from the application of the provisions of Section 7.1(c) above), free and clear of any Encumbrances, and the payment of the Preemption Price in immediately available funds by the Exercising Preemption Beneficiaries to the Selling Securityholder, shall occur no later than thirty (30) days following the expiration of the Preemption Period.
Pre-emption Period: the period not exceeding 100 years from the date of this agreement, meaning up to and including 2123.
For a period of ninety (90) days following the expiration of the Preemption Period or the Oversubscription Period (as the case may be), the Company may issue the New Securities with respect to which the Preemptive Rights or the Oversubscription Rights under this Section 4 were not exercised or not fully exercised, at a price and upon terms not more favorable to the Proposed Recipient thereof than specified in the Issuance Notice.
If any Investor elects not to purchase all of its pro rata share of the New Securities or fails to notify the Company of its intent to purchase such New Securities prior to the expiration of the Preemption Period, the Company shall promptly notify the remaining Investors that such New Securities are available for purchase by the remaining Investors, on a "pro rata share" basis, in accordance herewith.