Examples of Proposed Purchase in a sentence
Within twenty (20) days after delivery of such notice to Optionee, the Company shall deliver to Optionee a check, payable to Optionee or to such person as Optionee shall request, in the amount equal to the product of the Proposed Purchase Price multiplied by the number of Offered Shares (the "First Refusal Price") in exchange for the Offered Shares.
Within twenty (20) days after delivery of such notice to Purchaser, the Company shall deliver to Purchaser a check, payable to Purchaser or to such person as Purchaser shall request, in the amount equal to the product of the Proposed Purchase Price multiplied by the number of Offered Shares (the "First Refusal Price") in exchange for the Offered Shares.
The term "Proposed Purchase Price Adjustment" shall have the meaning set forth in Section 2.6(b).
In the event that such Change in Control does not occur on or prior to the Proposed Purchase Date in respect thereof, the purchase shall be deferred until and shall be made on the date on which such Change in Control occurs.
The term "Proposed Purchase Price Adjustment" shall have the meaning set forth in Section 2.7(b).
Those shareholders choosing not to participate in the Proposed Purchase would continue to own the Preferred Stock, with all of its current rights, including the right to convert on a share-for-share basis into the Company’s common stock (the “Common Stock”).
The Transfer Notice shall constitute an irrevocable offer by the Participant or Transferee, as the case may be, to sell the Acquired Shares which are subject to such Offer to the Company at the Proposed Purchase Price and upon the terms of payment and conditions set forth in the Transfer Notice, which irrevocable offer shall be open for thirty (30) days from the date the Transfer Notice is delivered to the Company.
Also, we make no representations as to whether the consideration to be paid in the Proposed Purchase is the best possible attainable under any circumstances.
Notwithstanding and without limiting the foregoing, in the event that there is any change of fact or matter affecting our opinion after the date hereof and prior to the consummation of the Proposed Purchase, CCA reserves the right to change, modify, or withdraw this letter.
We have not been engaged to price, structure, or negotiate the Proposed Purchase or to determine whether the terms could be enhanced, or to determine whether a transaction could be consummated with an alternative party or source of financing.