Examples of Refusal Notice in a sentence
The Sector Members shall have a period of five (5) calendar days following the First Refusal Notice Date (the “Election Period”) in which to elect to purchase or lease the Permit or any part of the Permit’s share at the price and subject to the same material terms and conditions set forth in the First Refusal Notice.
In the event that a Sector Member desires to purchase the Permit or share, then the parties shall schedule a closing for the payment for, and the delivery of, the Permit or share, which shall be no later than 45 calendar days after the First Refusal Notice Date.
If a Sector Member has not elected to purchase the Permit within the Election Period, then the Selling Member is free to sell the Permit or share to the Buyer; provided that such sale is on the terms and conditions specified in the First Refusal Notice.