Common use of Ability to Sell of the Transferring Stockholder Clause in Contracts

Ability to Sell of the Transferring Stockholder. If (i) the Offeree Stockholder does not deliver an Acceptance Notice on or prior to the end of the 20-Business-Day period set forth in Section 4(c), (ii) the Offeree Stockholder or the Designated Transferee, as the case may be, has not paid the full Transfer price for the ROFR Shares on such terms and conditions as may be agreed between the Transferring Stockholder and the Offeree Stockholder or, in the absence of such agreement, in accordance with the Offer Terms or the Open Market Transfer Price, as applicable, or (iii) the Acceptance Notice is not for all the ROFR Shares, the Transferring Stockholder may, during the 120-day period immediately following the earlier of the end of such 20-Business-Day period and the delivery of the Acceptance Notice, Transfer the ROFR Shares (or the remaining ROFR Shares, in the event the Acceptance Notice is not for all the ROFR Shares) (A) if the proposed Transfer is an Open Market Transfer, pursuant to an Open Market Transfer, and (B) if the proposed Transfer is not an Open Market Transfer, to the Proposed Transferee(s) for no less than the per Share purchase price and the form of consideration, and on substantially similar terms and conditions of payment set forth in the Offer Terms, and otherwise on terms and conditions no more favorable to the Proposed Transferee(s) than the Offer Terms; provided that, if the Transferring Stockholder does not consummate the Transfer of the ROFR Shares in accordance with the foregoing within such 120-day period, any attempt to Transfer such ROFR Shares shall again be subject to the provisions of this Section 4.

Appears in 4 contracts

Samples: And Rofr Agreement (Deutsche Telekom Ag), Up and Rofr Agreement (SoftBank Group Capital LTD), Support Agreement (SPRINT Corp)

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Ability to Sell of the Transferring Stockholder. If (i) the Offeree DT Stockholder does not deliver an Acceptance Notice on or prior to the end of the 20-Business-Day period set forth in Section 4(c), (ii) the Offeree DT Stockholder or the Designated Transferee, as the case may be, has not paid the full Transfer price for the ROFR MC Shares on such terms and conditions as may be agreed between the Transferring MC Stockholder and the Offeree DT Stockholder or, in the absence of such agreement, in accordance with the Offer Terms or the Open Market Transfer Price, as applicable, or (iii) the Acceptance Notice is not for all of the ROFR MC Shares, the Transferring MC Stockholder may, during the 120-day period immediately following the earlier of the end of such 20-Business-Day period and the delivery of the Acceptance Notice, Transfer the ROFR MC Shares (or the remaining ROFR MC Shares, in the event the Acceptance Notice is not for all the ROFR MC Shares) (A) if the proposed Transfer is an Open Market Transfer, pursuant to an Open Market Transfer, and (B) if the proposed Transfer is not an Open Market Transfer, to the Proposed Transferee(s) for no less than the per Share purchase price per MC Share and the form of consideration, and on substantially similar terms and conditions of payment set forth in the Offer Terms, and otherwise on terms and conditions no more favorable to the Proposed Transferee(s) than the Offer Terms; provided that, if the Transferring MC Stockholder does not consummate the Transfer of the ROFR MC Shares in accordance with the foregoing within such 120-day period, any attempt to Transfer such ROFR MC Shares shall again be subject to the provisions of this Section 4.

Appears in 1 contract

Samples: Lock Up and Rofr Agreement (Deutsche Telekom Ag)

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