Examples of ROFR Exercise Period in a sentence
To exercise its Right of Co-Sale, the Co-Sale Eligible Holder must give the Transferor written notice to that effect within fifteen (15) calendar days (the “Co-Sale Period”) after the expiration of the Eligible Holders’ ROFR Exercise Period as provided in Section 6.2(b), and upon giving such notice the Co-Sale Eligible Holder shall be deemed to have effectively exercised the Right of Co-Sale.
If Initial Lender does not purchase all of the Offered Securities offered to them by the Offeror in the Offer Notice, then the Offeror may sell any portion of the Offered Securities that the Initial Lender did not purchase to a third party within ninety (90) days after the expiry of the ROFR Exercise Period (the “ROFR Reoffer Period”) upon terms no more favorable to such third party than those set specified in the Offer Notice.
If Purchaser does not deliver a ROFR Notice within the ROFR Exercise Period as to all the Offered Shares, the Seller may Transfer the Offered Shares that Purchaser has not elected to purchase, during the thirty (30) day period after the expiration of the ROFR Exercise Period, for the Offered Price per Share and on the other terms set forth in the Transfer Notice and not otherwise.
Such ROFR Right shall continue to apply repeatedly and iteratively during the Shareholder ROFR Exercise Period until the time when all ROFR Shares have been allocated to the ROFR Shareholders or when all of the ROFR Shareholders have elected not to make further purchases of ROFR Shares.
If the Transferring Shareholder receives one or more ROFR Exercise Notices for all of the ROFR Shares prior to the end of the applicable ROFR Exercise Period, then the Parties shall consummate the sale of the ROFR Shares on the ROFR Terms.
If a Party chooses not to pursue or consummate any transaction for which it has exercised the ROFR within the ROFR Exercise Period, such Party shall not thereafter pursue or consummate such Project by itself or with a third party.
A failure by any ROFR Offeree to give written notice of exercise to the Selling Member within the ROFR Exercise Period shall be deemed a rejection by such ROFR Offeree of its option to purchase any Offered Interests.
The ROFR Offeree’s failure to deliver the ROFR Exercise Notice to the Offering Stockholder within the ROFR Exercise Period will be deemed as a refusal to exercise its right to purchase the Offered Stock pursuant to this Section 3.4.
If Didi and the Selling Shareholder(s) cannot agree on the cash equivalent value of such property within the ROFR Exercise Period, the valuation of such property shall be determined by an independent appraiser of recognized standing jointly selected by Didi and the Selling Shareholder(s).
However, if within such one hundred eighty (180) day period Landlord desires to lease the Subject ROFR Space on materially more beneficial terms than provided in ROFR Notice, Landlord shall re-offer the Subject Expansion Space on such changed terms to Tenant on the terms of this Exhibit for the ROFR Exercise Period before leasing to a third party.