Common use of Acceptance of a Bona Fide Offer Clause in Contracts

Acceptance of a Bona Fide Offer. If, at the end of the option period described in subparagraph 7(a) above and the redemption period set forth in the notice of redemption described in subparagraph 7(b) above, options have not been exercised by the Offeree Shareholders to purchase all of the Selling Shareholder's Shares, and a redemption by CSC of all of the Selling Shareholder's Shares has not occurred, then at the election of the Selling Shareholder, any Shares not so purchased or redeemed may be offered for sale by the Selling Shareholder free and clear of the options of the Shareholders and CSC set forth herein (but otherwise subject to the restrictions on transferability contained in this Agreement) for a period of sixty days thereafter, such sale to be for all, but not less than all, of his Shares to a prospective purchaser at the price and upon the terms and conditions set forth in such prospective purchaser's offer.

Appears in 1 contract

Samples: Shareholders' Agreement (Crusader Holding Corp)

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Acceptance of a Bona Fide Offer. If, at the end of the option period described in subparagraph 7(a8(a) above and the redemption period set forth in the notice of redemption described in subparagraph 7(b8(b) above, options have not been exercised by the Offeree Shareholders to purchase all of the Selling Shareholder's Shares, and a redemption by CSC NCM of all of the Selling Shareholder's Shares has not occurred, then at the election of the Selling Shareholder, any Shares not so purchased or redeemed may be offered for sale by the Selling Shareholder free and clear of the options of the Shareholders and CSC NCM set forth herein (but otherwise subject to the restrictions on transferability contained in this Agreement) for a period of sixty days thereafter, such sale to be for all, but not less than all, of his Shares to a prospective purchaser at the price and upon the terms and conditions set forth in such prospective purchaser's offer.

Appears in 1 contract

Samples: Subscription and Shareholders' Agreement (Crusader Holding Corp)

Acceptance of a Bona Fide Offer. If, at the end of the option period described in subparagraph 7(a8(a) above and the redemption period set forth in the notice of redemption described in subparagraph 7(b8(b) above, options have not been exercised by the Offeree Shareholders to purchase all of the Selling Shareholder's Shares, and a redemption by CSC CMC of all of the Selling Shareholder's Shares has not occurred, then at the election of the Selling Shareholder, any Shares not so purchased or redeemed may be offered for sale by the Selling Shareholder free and clear of the options of the Shareholders and CSC CMC set forth herein (but otherwise subject to the restrictions on transferability contained in this Agreement) for a period of sixty days thereafter, such sale to be for all, but not less than all, of his Shares to a prospective purchaser at the price and upon the terms and conditions set forth in such prospective purchaser's offer.

Appears in 1 contract

Samples: Subscription and Shareholders' Agreement (Crusader Holding Corp)

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Acceptance of a Bona Fide Offer. If, at the end of the option period described in subparagraph 7(a10(a) above and the redemption period set forth in the notice of redemption described in subparagraph 7(b10(b) above, options have not been exercised by the Offeree Shareholders to purchase all of the Selling Shareholder's Shares, and a redemption by CSC the CHC of all of the Selling Shareholder's Shares has not occurred, then at the election of the Selling Shareholder, any Shares not so purchased or redeemed may be offered for sale by the Selling Shareholder free and clear of the options of the Shareholders and CSC CHC set forth herein (but otherwise subject to the restrictions on transferability contained in this Agreement) for a period of sixty days thereafter, such sale to be for all, but not less than all, of his Shares to a prospective purchaser at the price and upon the terms and conditions set forth in such prospective purchaser's offer.

Appears in 1 contract

Samples: Subscription and Shareholders' Agreement (Crusader Holding Corp)

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