Preemptive Offeree definition
Examples of Preemptive Offeree in a sentence
The purchase by a Preemptive Offeree of any Offered Securities is subject in all cases to the execution and delivery by the Company and the Preemptive Offeree of a purchase agreement relating to such Offered Securities in customary form and in form and substance similar in all material respects to the extent applicable to that executed and delivered between the Company and the Other Buyers or the other Preemptive Offerees.
If a Preemptive Offeree elects to purchase Substitute Securities pursuant to this Section 7.2, the number of securities to be issued to such Preemptive Offeree, the purchase price therefor and the other material terms of the proposed Issuance shall be adjusted accordingly to preserve the economics of the securities.
Within five (5) days after receipt of the Resale Notice, the Bear Group or the applicable purchaser shall sell and each Preemptive Offeree delivering a Resale Notice shall purchase the applicable Offered Securities which were the subject of the Offer to Resell, upon the terms and conditions of the Offer to Resell.
Each Preemptive Offeree desiring to accept ------- the offer contained in the Preemption Notice shall send a written commitment to the Company within twenty days after the effectiveness of the Preemption Notice specifying the amount of Subject Securities (not in any event to exceed the Preemptive Portion of the total amount of Subject Securities to be included in the Issuance) which such Preemptive Offeree desires to be issued (each a "Participating ------------- Buyer").
A Preemptive Offer by its terms shall remain open and irrevocable for a period of thirty (30) days from the date of delivery to each Preemptive Offeree.
Promptly after such purchase, the Bear Group shall or shall cause the applicable purchaser to offer (an "Offer to Resell") to each Preemptive Offeree the number of such Offered Securities that such Preemptive Offerees would otherwise be entitled to purchase pursuant to Section 2(e)(i), at the same price paid by such purchaser and on the same terms and conditions.
Offeree's intention to accept a Preemptive Offer, in whole or in part, shall be evidenced by a writing signed by such party and delivered to the Company prior to the end of the 20 Business Day period of such Preemptive Offer (each, a "Notice of Acceptance"), setting forth the portion of the Offered Securities that the Preemptive Offeree elects to purchase.
The amount of the Preemptive Securities which may be purchased by each Preemptive Offeree hereunder shall be determined by multiplying (i) the total amount of Preemptive Securities being offered by (ii) the fraction obtained by dividing (x) the Percentage Interest of such Preemptive Offeree by (y) the aggregate amount of all Percentage Interests of all Preemptive Offerees.
Each Preemptive Offeree desiring to accept ------- the offer contained in the Preemption Notice shall send a written commitment to the Company specifying the amount of Subject Securities (not in any event to exceed the Preemptive Portion of the total amount of Subject Securities to be included in the Issuance) which such Preemptive Offeree desires to be issued within 20 days after the effectiveness of the Preemption Notice (each a "Participating Buyer").
Promptly after such purchase, IPC shall or shall cause the applicable purchaser to offer (an “Offer to Resell”) to each Preemptive Offeree the number of such Offered Securities that such Preemptive Offerees would otherwise be entitled to purchase pursuant to Section 2(e)(i), at the same price paid by such purchaser and on the same terms and conditions.