Examples of Second Transfer Notice in a sentence
Each Exercising Holder shall have five (5) Business Days from the date of the Second Transfer Notice (the “Second Refusal Period”) to notify the Selling Shareholder of its desire to purchase more than its pro rata share of the Transfer Shares, stating the number of the additional Transfer Shares it proposes to purchase.
Each overpurchasing Exercising Holder shall be obligated to purchase such number of additional Transfer Shares as determined by the Selling Shareholder pursuant to this subsection (d) and the Selling Shareholder shall so notify such Exercising Holders within fifteen (15) Business Days from the date of the Second Transfer Notice.
Each such Non-Selling Shareholder shall have five (5) Business Days from the date of the Second Transfer Notice (the “Second Refusal Period”) to notify the Selling Shareholder of its desire to purchase more than its pro rata share of the Transfer Shares, stating the number of the additional Transfer Shares it proposes to purchase.
Completion of the Transfer of the Offered Ordinary Shares to the third party transferee(s) set forth in the First Transfer Notice (and if applicable, the Purchasing Shareholders) shall occur no later than the later of (i) thirty (30) days after the receipt of the Second Transfer Notice or (ii) the determination of the value of the shares by an independent appraiser pursuant to Sections 4.2(d)(iii) and 4.2(d)(iv).
The Company shall have the right to purchase all or any portion of the Shares on the terms of the proposal described in the Transfer Notice (subject, however, to any change in such terms permitted under Subsection (c) below) by delivery of a notice of exercise of the Right of First Refusal within 30 days after the date on which the Second Transfer Notice was received by the Company.
In the event Sublandlord receives a Second Transfer Notice, and if Sublandlord fails to respond thereto within such three (3) business day period, then Sublandlord’s consent to the proposed Transfer set forth in the Second Transfer Notice (if and only if the request for such Transfer has not been amended or modified in any way from the Original Transfer Notice), shall automatically deemed to have been given.
Any proposed Transfer on terms and conditions different from those described in the Second Transfer Notice, as well as any subsequent proposed Transfer by the Optionee, shall again be subject to the Approval Right and the Right of First Refusal and shall require compliance with the procedures described in Subsections (a) and (b) above.
Immediately following the expiration of the thirty (30) day period referred to in Paragraph 15(c) above, the Selling Shareholder shall send out a second notice (" Second Transfer Notice") to each RFR Shareholder that exercised its right of first refusal regarding the First Transfer Notice ("Purchasing Shareholder"), with a copy to the Company, setting forth the number of shares that remain unpurchased from the First Transfer Notice ("Remaining Shares").
Completion of the Transfer of the Offered Shares to the third party transferee(s) set forth in the First Transfer Notice (and if applicable, the Purchasing Shareholders) shall occur no later than the later of (i) thirty (30) days after the receipt of the Second Transfer Notice or (ii) the determination of the value of the shares by an independent appraiser pursuant to paragraphs 15(d)(iii) and 15(d)(iv).
The transaction shall be closed within forty-five (45) days following the date of the First Transfer Notice, the Second Transfer Notice, the Third Transfer Notice, the Fourth Transfer Notice, or the Fifth Transfer Notice, as the case may be, and the payment of the purchase price shall be made by wire transfer or check as directed by the Selling Shareholder.