Third Party Proposal definition
Examples of Third Party Proposal in a sentence
For purposes of this Agreement, a "Third Party Proposal" means a bona fide proposal from a third party, which proposal did not result from a breach of this Section 6.2(a) and which third party the Board of Directors of the Company determines in good faith (after consultation with AH&H or another financial advisor of nationally recognized reputation) to be reasonably capable of completing a Superior Proposal (as defined in Section 9.1(d)).
Within forty-five (45) days after the receipt of the Notice of Transfer, Stone, by itself of its Affiliates, may, but without being forced to, notify the Selling Shareholder in written about its decision to exercise its Preemptive Right upon sending a notice in written to the Offering Shareholder that informs its decision to acquire the Offered Shares under the terms of the Third Party Proposal and the Notice of Transfer (“Notice of Exercise do Preemptive Right”).
The Major Transaction Notice shall include the following information: (i) the identity of the Acquiror (if known) and (ii) the specific terms of the Third Party Proposal, the Company Proposal, or the Company Auction, as the case may be.
Further, the Company shall provide a true and complete copy of the Third Party Proposal or the Company Proposal, as the case may be, if in writing, or a written summary of the material terms thereof if such Third Party Proposal or Company Proposal, as the case may be, is not in writing, as well as access to (and copies of, if requested) all documents containing nonpublic information of the Company that are or have been supplied to the Acquiror.
If Borrower Party receives a Third Party Proposal during the Proposal Period, and if such Third-Party Proposal is “Competitive With” (as defined below) Lender’s Proposal, then within three (3) Business Days of Borrower Party’s receipt of such Third-Party Proposal, Borrower shall furnish to Lender a copy of such Third-Party Proposal (subject to any confidentiality restrictions to which Borrower Party may be subject thereunder).