Examples of Tag Offer in a sentence
Such Transfer is required to be completed within 30 business days from the expiry of the Tag Offer Period.
The Promoter Tag Offer Notice shall specify the terms of the proposed sale including the purchase price, details of the proposed purchaser and the proposed Transfer date and specify whether such Transfer by the Investor will result in the transferee acquiring Control of the Company.
Subject to Article 1.1 (c), if the Investor wishes to sell all or part of the Securities held by the Investor in the Company (the "Investor Transfer Securities") to any third party, the Investor shall notify the Promoter in writing of such proposed sale ("Promoter Tag Offer Notice").
In the event the Transferring Promoter does not receive the Tag Response Notice within the Tag Offer Period in the manner as set out in Article 212.3, or the Investor has specified in writing that it has decided not to exercise its rights under this Article 212, then the Transferring Promoter will be entitled to Transfer the shares proposed to be Transferred by it to the Tag Transferee within a period of 90 (ninety) days.
The Tag Seller shall not sell any Shares to such Tag Purchaser unless and until, simultaneously with such sale, such Tag Purchaser purchases all the Tagged Shares on the same terms and at the same price as specified in the Tag Offer Notice.
In the event no Tagging Shareholder exercises its Tag Along Right within the Tag Acceptance Period, the Tag Seller shall complete the sale of the Transfer Shares to the Tag Purchaser within 90 (ninety) days of the expiry of the Tag Acceptance Period on the same terms and at the same price as specified in the Tag Offer Notice, failing which the procedure set out in this Article 110 shall be repeated.
The Tag Seller shall as soon as it makes a decision to sell and Transfer the relevant Transfer Shares to the Tag Purchaser, and in any case at least 30 (thirty) Business Days prior to the date of completion of such Transfer, issue a written notice to each of the Tagging Shareholders (“ Tag Offer Notice“).
In the event that a Tagging Shareholder elects to exercise its Tag-Along Right, it shall deliver a written notice (“ Tag Acceptance Notice”) to the Tag Seller specifying the number of Shares (“Tagged Shares”) the Tagging Shareholder intends to sell to the Tag Purchaser, within 30 (thirty) days from the receipt of the Tag Offer Notice (such period, the “Tag Acceptance Period”).
For the purposes of this Regulation 21, no Tag Offer need be made to purchase any fraction of a Share.
No Proposed Sale may be made or validly registered unless the proposed purchaser has offered ( "Tag Offer") to purchase, simultaneously with the Proposed Sale, from the other Shareholders ("Eligible Tag Shareholders") all of the Shares held by the Eligible Tag Shareholders.