Examples of Purchase Notice in a sentence
All notices (including the Purchase Notice) and other communications in connection with this Agreement shall be in writing and shall be deemed given if sent via electronic mail, mailed by registered or certified mail (return receipt requested) or delivered by an express courier (with confirmation) to the Parties at the following addresses (or at such other address for a Party as shall be specified by like notice): if to the Company, to: Pyxus Holdings, Inc.
Upon receipt of the Purchase Notice, the Offeree can elect to either sell its interest in the entity to the Offeror or buy the Offeror's interest.
In the Purchase Notice, the Offeror names a price for the Offeree's equity at its discretion (the "Named Price").
The party providing Purchase Notice is referred to as the "Offeror" and the receiving party is the "Offeree." The Purchase Notice constitutes an irrevocable offer by the Offeror to buy the Offeree's entire interest in the entity.
The agreement between the investors includes a buy-sell clause, which provides that either investor may request a buy-out of the other party's interest by providing notice (the "Purchase Notice") to the other party.