Stated Price definition
Examples of Stated Price in a sentence
In the event that the Transferor shall have failed to effect a sale of the Social Parts in compliance with the requirements of (A), (B) and (C) above in the six month period provided herein or shall have offered the Social Parts to third parties at a price that is less than 98% of the Stated Price, the restrictions provided for herein shall again become effective, and no transfer of Social Parts may be made thereafter without again offering the same in accordance with this Section 4(b).
Copies of the Transferor's offer shall be given to the Other Member and shall consist of an offer to sell to the Other Member, for cash, all of the Social Parts then proposed to be transferred by the Transferor (the "Subject Social Parts") upon customary terms and conditions, representations, warranties and covenants, at a cash price designated by the Transferor (the "Stated Price").
Within twenty (20) days after the receipt of the offer described in Section 4(b)(ii), the Other Member may, at its option, elect to purchase all, but not less than all, of the Subject Social Parts for the Stated Price on the terms and conditions set forth in such offer.
Subject to compliance with this ARTICLE VII, the indemnification obligations of the Indemnifying Parties and the repayment of any Losses may be satisfied solely by a purchase price adjustment to be accomplished by the delivery to Acquiror of Shares from the Escrow Fund, and such tendered shares shall have an aggregate Stated Price of equal to the Losses (reducing pro rata the number of such Shares receivable by any person with an interest therein).
The exercise price of the Option shall be satisfied by PTSX paying the purchase price for the Optioned Companies of the Stated Price, subject to adjustment in accordance with and as more particularly set out in the Share Purchase Agreement.