Common use of Tender of the Shares Clause in Contracts

Tender of the Shares. (a) Unless the Offer is terminated or withdrawn by Merger Sub or the Merger Agreement is terminated in accordance with its terms, Shareholder hereby agrees that it shall irrevocably, subject to the terms of this Agreement, tender (and deliver any certificates evidencing) its Shares, or cause its Shares to be irrevocably, subject to the terms of this Agreement, tendered, into the Offer promptly following, and in any event no later than the fifth (5th) Business Day following the commencement of the Offer pursuant to Section 1.1 of the Merger Agreement in accordance with the procedures set forth in the Offer Documents, free and clear of all Encumbrances (other than Permitted Encumbrances); provided, that Parent and Merger Sub agree that Shareholder may withdraw its Shares from the Offer at any time following the termination of this Agreement or as otherwise provided pursuant to this Section 3 or Section 9 hereof.

Appears in 5 contracts

Samples: Agreement and Plan of Merger (Penwest Pharmaceuticals Co), Shareholder Tender Agreement (Endo Pharmaceuticals Holdings Inc), Shareholder Tender Agreement (Perceptive Advisors LLC)

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Tender of the Shares. (a) Unless the Offer is terminated or withdrawn by Merger Sub or the Merger Agreement is terminated in accordance with its terms, Shareholder each Stockholder hereby agrees that it shall irrevocably, subject to the terms of this Agreement, tender (and deliver any certificates evidencing) its Shares, or cause its Shares to be irrevocably, subject to the terms of this Agreement, tendered, into the Offer promptly following, and in any event no later than the fifth tenth (5th10th) Business Day business day following the commencement of the Offer pursuant to Section 1.1 1.01 of the Merger Agreement in accordance with the procedures set forth in the Offer Documents, free and clear of all Encumbrances (other than Permitted Encumbrances); provided, that Parent and Merger Sub agree the Company agrees that Shareholder each Stockholder may withdraw its Shares from the Offer at any time following the termination of this Agreement or as otherwise provided pursuant to this Section 3 or Section 9 8 hereof.

Appears in 3 contracts

Samples: Stockholder Tender Agreement (Burger King Holdings Inc), Stockholder Tender Agreement (Burger King Holdings Inc), Stockholder Tender Agreement (Burger King Holdings Inc)

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