Examples of Prospective Sellers in a sentence
This Letter of Intent will be subject to the approval by the Prospective Buyer's Board of Directors and by the Prospective Seller's Board of Directors.
The Prospective Buyer and the Prospective Seller shall expeditiously negotiate to reach a written Merger Agreement, subject to the approval of the Prospective Buyer's Board of Directors and stockholders and the Prospective Seller's Board of Directors and stockholders, if required by applicable law or any regulatory authority.
The Prospective Buyer and the Prospective Seller shall expeditiously negotiate to reach a written Merger Agreement, subject to the approval of the Prospective Buyer's Board of Directors and the Prospective Seller's Board of Directors, if required by applicable law or any regulatory authority.
The Company agrees that if the Conversion Securities are not registered under the registration statement referred to in (a) above and the Company proposes to file a new or different registration statement under the Securities Act at any time prior to the expiration of two years after the date of this Agreement, then the Company shall give notice to the then holders of record of the Conversion Securities (the "Prospective Sellers") at least 20 days before the filing of such proposed registration statement.
Anything herein to the contrary notwithstanding, the Prospective Sellers shall have no obligation to any Participant to sell or otherwise dispose of any Controlling Shares pursuant to this Section 16 or as a result of any decision by the Prospective Sellers not to accept or consummate any Offer or sale with respect to the Controlling Shares (it being understood that any and all such decisions shall be made by the Prospective Sellers in their sole discretion).
The Prospective Sellers shall then have a period of up to ten (10) days after the date of the mailing of such notice to advise the Company of its election to include all or part of the Conversion Securities in such registration statement.
Prospective Buyer and Prospective Sellers intend promptly to begin negotiating to reach a written Definitive Agreement, subject to the approval of Prospective Buyer’s Management Board, containing comprehensive representations, warranties, indemnities, conditions and agreements by each Prospective Seller.
The Offer Notice shall contain written notice on the exercise of the Prospective Sellers' rights pursuant to Section 16, setting forth the consideration per share of Common Stock to be paid by the Third Party or Third Parties and the other material terms and conditions of Offer.
Prospective Buyer would acquire all of the outstanding capital stock of the Company, being shares of common stock, par value per share (the “Shares”), all of which are owned beneficially and of record by Prospective Sellers.
At the Closing, Prospective Buyer and Prospective Sellers would enter into an escrow agreement which would contain provisions for anescrow of $ of the Purchase Price to secure Prospective Buyer againstundisclosed liabilities, misrepresentations and breaches of warranties, covenants and agreements by Prospective Sellers.