Tender Letters definition
Tender Letters means the letters to be executed and delivered by the Shareholders agreeing to irrevocably sell such Shareholder’s Purchased Shares to the Purchaser, the form of which is attached hereto as Schedule “D”;
Examples of Tender Letters in a sentence
Gold Bag’s shall have received irrevocable Tender Letters executed by Shareholders holding not less than 90% of the issued and outstanding Purchased Shares.
Gold Bag’s obligation to fund the foregoing loan shall be conditional on (i) receiving irrevocable Tender Letters executed by each director, officer and insider of the Company and irrevocable Tender Letters executed by Shareholders holding not less than 50% of the issued and outstanding Purchased Shares, and (ii) receiving a satisfactory budget of the Company covering the period between the date of this Agreement and the Closing Date.