Examples of Special Purchase Notice in a sentence
The letter states, “Pursuant to Section 10.1 of the Stockholder Agreement please accept this letter as my acceptance as a shareholder of the Special Purchase Notice dated June 6, 2008.” In the same letter, Plaintiff tenders his 600,000 shares, resigns as an officer and director of CMG, and asks for the $1.728 million to be wired to his bank account.
Under the buy/sell provision, any of CMG’s principal stockholders may send a Special Purchase Notice (“SPN”) to another principal stockholder and offer to buy the other stockholder’s shares at a price and terms outlined in the SPN.
The Special Purchase Notice shall indicate the date the purchase is to be effected (such date to be not less than 10 days, nor more than 45 days, after the date of the Special Purchase Notice), and the amount that the Company proposes to pay for the Shares.
Subscriber acknowledges receipt of an oral Special Purchase Notice (as defined in Amendment No. 1 to Stockholders Agreement) and an oral Participation Notice (as defined in Section 4.2 of the Stockholders Agreement) from the Company and hereby waives the requirement that such notices have been in writing.
The Special Purchase Notice shall indicate the number of shares to be purchased by the Company (or its assignee(s)), the date such purchase is to be effected (such date to be not less than 7 days, nor more than 30 days, after the date of the Shareholder’s and the Shareholder’s spouse’s receipt of the Special Purchase Notice) and the Fair Market Value (as defined below) to be paid for such Holdco Shares.
The Company (or its assignee(s)) shall, concurrently with the receipt of the stock certificates, pay to the Shareholder’s spouse an amount equal to the Fair Market Value specified for such shares in the Special Purchase Notice using any of the Purchase Methods described in Section 2.2 (Purchase for Investment), in the Company’s sole discretion.
The Company shall, concurrently with the receipt of the certificates or the assignment agreement in the form attached hereto as Exhibit D, pay to the Member’s spouse or Dissociated Member, as applicable, (in cash by wire transfer) an amount equal to the Fair Market Value specified for such Units in the Special Purchase Notice.
The Special Purchase Notice shall indicate the date the purchase is to be effected (such date to be not less than ten (10) days, nor more than forty-five (45) days, after the date of the Special Purchase Notice), and the amount, which the Company proposes to pay for the Units.
If the Purchaser so requests, the Transfer Agent shall, and the Company shall use its reasonable efforts to cause the Transfer Agent to, mail the Special Purchase Notice to such Record Holders of Listed Shares.
Medicaid beneficiaries are not required to seek services at a particular provider, although some may be enrolled in managed care plans that may limit access to particular providers.17 Even in cases where Medicaid beneficiaries are enrolled in managed care, they have a choice of where to seek family planning services as identified in their state’s managed care contract.