Examples of Selling Owner in a sentence
The Selling Owner must supply the New Owner with copies of the Declaration, By-Laws and Rules & Regulations of the Association so that they are aware of the provisions contained therein.
In the case of a proposed Transfer that does not fall within the provisions of clause (i) of this Section 2(b), such Selling Owner shall cause the Person or group that proposes to acquire Owner Shares from such Selling Owner (the "PROPOSED PURCHASER") to offer in writing (the "PURCHASE OFFER") to the Tag-Along Owners, to purchase a Proportionate Share of the Owner Shares of the Tag-Along Owners.
In the next section, I propose a new analysis which is able to avoid the shortcomings of both this analysis as well as the structural ambiguity approaches.
The Notice of Sale will constitute an irrevocable offer by the Selling Owner to sell to the other System Owners all, but not less than all, of the Transferred Interest to be sold to the Buyer, on the same terms and conditions stated in the Notice of Sale.
If none of the other System Owners accept such offer within such thirty (30) day period, the Selling Owner will be free to sell or transfer the interest described in the Notice of Sale to the Buyer on the same or better (to the Selling Owner) material terms set forth in the Notice of Sale within ninety (90) calendar days after the expiration of such thirty (30) day period.
Epsilon and its Affiliates are excluded from, and have none of the rights or obligations as a Selling Owner or System Owner under, this paragraph 12.
If the Company does not intend to exercise the Company’s Right of First Refusal in full or if the Company is not lawfully able to repurchase all of the Disposition Shares, the Company will send written notice thereof (the “Company’s Expiration Notice”) to the Selling Owner and to each other Owner at least 10 days before the expiration of the Company’s Refusal Period.
If the sale to the Buyer is not so consummated, the terms of this paragraph 12 will again be applicable to any Transfer by the Selling Owner.
Prior to effecting a Transfer, the Selling Owner must deliver a written notice (the “Notice of Sale”) to the other System Owners.
Within such thirty (30) day period, the other System Owners may individually elect to accept such offer by delivering to the Selling Owner written notice of their irrevocable election to accept such offer.