Common use of Right of Purchaser Clause in Contracts

Right of Purchaser. If the Shares, stock powers, and Letter of Transmittal have not been tendered to the depository by the fifteenth (15th) business day following the commencement of the Offer, Purchaser shall have the right to instruct the Custodian to effect the tender of the Shares as provided in Section 2.3, whereupon Custodian shall promptly, but in any event within one (1) business day, deliver such Shares, stock powers, and Letter of Transmittal to said Depository. Such instruction shall be given to Custodian in the same manner as provided in Section 5.6 with respect to X'Xxxxxx & Xxxxxx, LLC. 2.5

Appears in 4 contracts

Samples: Stockholder Agreement (Falcon Products Inc /De/), Stockholder Agreement (Falcon Products Inc /De/), Stockholder Agreement (Falcon Products Inc /De/)

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Right of Purchaser. If the Shares, stock powers, and Letter of ------------------ Transmittal have not been tendered to the depository by the fifteenth (15th15/th/) business day following the commencement of the Offer, Purchaser shall have the right to instruct the Custodian to effect the tender of the Shares as provided in Section 2.3, whereupon Custodian shall promptly, but in any event within one (1) business day, deliver such Shares, stock powers, and Letter of Transmittal to said Depository. Such instruction shall be given to Custodian in the same manner as provided in Section 5.6 with respect to X'Xxxxxx & Xxxxxx, LLC. 2.5.

Appears in 2 contracts

Samples: Exhibit 9 Stockholder Agreement (Shelby Williams Industries Inc), 8 Stockholder Agreement (Shelby Williams Industries Inc)

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Right of Purchaser. If the Shares, stock powers, and Letter of ------------------ Transmittal have not been tendered to the depository by the fifteenth (15th) business day following the commencement of the Offer, Purchaser shall have the right to instruct the Custodian to effect the tender of the Shares as provided in Section 2.3, whereupon Custodian shall promptly, but in any event within one (1) business day, deliver such Shares, stock powers, and Letter of Transmittal to said Depository. Such instruction shall be given to Custodian in the same manner as provided in Section 5.6 with respect to X'Xxxxxx & Xxxxxx, LLC. 2.5.

Appears in 1 contract

Samples: Stockholder Agreement (Shelby Williams Industries Inc)

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