Examples of Tendering Member in a sentence
According to the activity summary which the applicant organisation had submitted, the actual total number of participants was 38, which was over 25% less than the expected number.
In such event, the Tendering Member shall have no right to cause the Managing Member to exchange such Tendered Units for the Cash Amount.
The Clipper Common Shares Amount, if applicable, shall be delivered as duly authorized, validly issued, fully paid and nonassessable Clipper Common Shares and, if applicable, free of any pledge, lien, encumbrance or restriction, other than those provided in the Charter or the Bylaws, the Securities Act, relevant state securities or blue sky laws and any applicable registration rights agreement with respect to such Clipper Common Shares entered into by the Tendering Member.
Until a Specified Exchange Date, the Tendering Member shall have no rights as a stockholder of Clipper with respect to such Tendering Member’s Class B Units.
Notwithstanding any delay in such delivery (but subject to Section 10.5), the Tendering Member shall be deemed the owner of such Clipper Common Shares for all purposes, including rights to vote or consent, and receive dividends, as of the Specified Exchange Date.
The Cash Amount shall be payable to the Tendering Member on the Specified Exchange Date against delivery of the Tendered Units to the Managing Member and the same number of shares of Clipper Special Stock to Clipper.
Clipper shall give such Tendering Member written notice of its election on or before the close of business on the fifth Business Day after the receipt of the Notice of Exchange.
The execution and delivery of this Agreement, the consummation of the transactions contemplated thereby, and the fulfillment of their obligations and undertakings thereunder, will not violate any provision of any applicable law, ordinance, rule or regulation of any governmental body, the organizational documents of the Tendering Member, or any judgment, decree, writ, injunction, order or award of any arbitration panel, court or governmental authority applicable to the Tendering Member.
Each Tendering Member and the KFC Cooperative and the Subsidiary shall become a party to this Agreement upon signing a counterpart of the Signature Page to this Agreement.
The results are qualitatively similar as those reported in Figure 3 and Figure 4.