Examples of Purchase Offeror in a sentence
In the event of a Prohibited Transfer, the Investor shall have the right to sell to the selling Principal Stockholder(s) a number of shares of Common Stock (either directly or through delivery of convertible Preferred Stock) equal to the number of shares the Investor would have been entitled to transfer to the Purchase Offeror in the Prohibited Transfer pursuant to the terms hereof.
To the extent that any Purchase Offeror prevents such assignment or otherwise refuses to purchase shares from the Investor, the Principal Stockholder(s) shall not sell to such Purchase Offeror unless and until, simultaneously with such sale, the Principal Stockholder shall purchase such shares from the participating Investor.
The number of Tagalong Shares which the Noncontrolling Shareholder may request the Controlling Shareholders to transfer to the Purchase Offeror pursuant to the Tagalong Notice shall not exceed a number equal to (i) the quotient of the number of Offered Shares divided by the number of all Shares held by the Noncontrolling Shareholders multiplied times; (ii) the number of Shares held by the Controlling Shareholder.
Except as otherwise described in the Offer to Purchase or in the Offer Agreement (as defined in the Offer to Purchase), Offeror also reserves the absolute right to waive any defect or irregularity in any tender of Shares of any particular shareholder whether or not similar defects or irregularities are waived in the case of other shareholders.
The Controlling Shareholders shall not be obligated to transfer any of the Noncontrolling Shareholder’s Shares to the Purchase Offeror, but if the Controlling Shareholders do transfer any Shares, then the Controlling Shareholders must include the Tagalong Shares in the transfer.
Each Noncontrolling Shareholder shall have the right to give notice (a “Tagalong Notice”) to the Managing Shareholder and to the Controlling Shareholders requesting that the Controlling Shareholders cause a number of that Noncontrolling Shareholder’s Shares to be transferred to the Purchase Offeror at the same price and on the same terms and conditions as contained in the Offer Notice.
Should any of the Principal Stockholders propose to accept one or more bona fide offers (collectively, a "Purchase Offer"), from any persons to purchase shares of the Company's Common Stock from such Principal Stockholder (a "Purchase Offeror"), then the Principal Stockholder or Principal Stockholders shall promptly notify the Investor in writing of the terms and conditions of such Purchase Offer.
By instructing your securities intermediary to tender ADSs you will be deemed to recognize that under certain circumstances set forth in the Offer to Purchase, Offeror may terminate or amend the U.S. Offer or may postpone the acceptance for payment of, or the payment for, the Shares represented by ADSs that have been tendered or may accept for payment fewer than all of the Shares represented by ADSs tendered hereby.
Under Rule 14d-11 of the Exchange Act and subject to the conditions described in the following paragraph of this Offer to Purchase, Offeror may elect to provide for a subsequent offering period, immediately following the Expiration Date, of not fewer than three business days nor more than twenty business days in length.
If a Transferring Stockholder desires to sell his Common Stock to a third party, it will provide Franklin with written notice (the "NOTICE OF TRANSFER") setting forth (i) his bona fide intention to sell such Common Stock, (ii) the number of such shares of Common Stock to be sold, and (iii) the price and terms upon which he proposes to sell such shares of Common Stock; (iv) the name and address of the prospective transferee (the "Purchase Offeror"); and (v) the expected closing date of the transaction.