Examples of Offering Party in a sentence
Any interested buyer with enough capital can initiate an offer to acquire all (but not less than all) Drag- Along Tokens (the "Offering Party") from the other Drag-Along Token Holders (the "Selling Parties") for a specific price per Share (the "Offering Price", together with the further terms, the "Acquisition Offer") by calling the "makeAcquisitionOffer" function in the Drag-Along Smart Contract, subject to a non-reimbursable software license fee payable as defined in the source code.
The Offering Party may trigger the 'execution' function on the Offer Contract to enforce the acquisition at any time during the Voting Period or the Execution Period.
The Offering Party can cancel the offer at any time, calling the respective function on the Offer Contract.
The Insurance Agreement is concluded on the basis of a written proposal, on a form of the Insurer, which is submitted by the Offering Party.
During the Voting Period any Drag-Along Token Holder (including the Offering Party) may call the functions 'voteYes' and 'voteNo' to vote on the Drag- Along Offer.