Completion of Sale to Third Party Sample Clauses

Completion of Sale to Third Party. If, during the Offer Period, neither the Company nor any combination of the Company and the other Stockholders has accepted the offer contained in the Transfer Notice in writing as to all the Transfer Stock covered thereby, or within 15 days of acceptance by any combination of the Company and any Stockholder the closing has not occurred, and Section 2.4 does not apply to such Transfer, then during the next 60 days, the Offering Holder may sell the Transfer Stock to the Offeror at the price and on the other terms contained in the Transfer Notice. No sale may be made by the Offering Holder to any Offeror if such sale would constitute a Prohibited Transfer or unless and until such Offeror executes and delivers to the Company a Joinder Agreement in accordance with Section 2.13 hereof. Promptly after any sale pursuant to this Section 2.2, the Offering Holder shall furnish such evidence of the completion (including time of completion) of such sale and of the terms thereof as the Company may reasonably request. If the Offering Holder has not completed the sale of the Transfer Stock during the applicable period referred to above, such Offering Holder shall no longer be permitted to sell such shares pursuant to this Section 2.2 without again fully complying with the provisions of this Section 2.2 and all the restrictions on sale, transfer or assignment contained in this Agreement shall again be in effect with respect to the Transfer Stock.
AutoNDA by SimpleDocs
Completion of Sale to Third Party. If, during the ROFO Offer Period, neither the Company nor any combination of the Company and/or the Institutional Stockholders has accepted the offer contained in the ROFO Transfer Notice in writing as to all of the ROFO Transfer Securities covered thereby, or within 15 days of acceptance by any combination of the Company and/or any Institutional Stockholder the closing has not occurred, then during the next 60 days, the ROFO Offering Holder may sell the ROFO Transfer Securities to the ROFO Offeror at a price not less than the price set forth in the ROFO Transfer Notice and otherwise on terms and conditions no more favorable than as set forth in the ROFO Transfer Notice or, in the case of a sale pursuant to Section 2.2(b), shall have the right to enter into an agreement to sell all of the Subject Securities to any Person or Persons (other than an existing Stockholder) during such 60-day period and to close the transaction within 30 Business Days thereafter (subject to extension for up to an additional 45 days if regulatory approvals for such transaction remain outstanding) for a price not less than the price set forth in the ROFO Transfer Notice and otherwise on terms and conditions no more favorable than as set forth in the ROFO Transfer Notice. No sale may be made by the ROFO Offering Holder to any ROFO Offeror if such sale would constitute a Prohibited Transfer or unless and until such ROFO Offeror executes and delivers to the Company a Joinder Agreement in accordance with Section 2.16 hereof. Promptly after any sale pursuant to this Section 2.2(b), the ROFO Offering Holder shall furnish such evidence of the completion (including time of completion) of such sale and of the terms thereof as the Company may reasonably request. If the ROFO Offering Holder has not completed the sale of the ROFO Transfer Securities during the applicable period referred to above, such ROFO Offering Holder shall no longer be permitted to sell such shares pursuant to this Section 2.2(b) without again fully complying with the provisions of this Section 2.2(b) and all of the restrictions on sale, transfer or assignment contained in this Agreement shall again be in effect with respect to the ROFO Transfer Securities.
Completion of Sale to Third Party. (a) The Exercising Shareholder must complete any sale to the Third Party at the time and in the manner agreed with the Third Party. (b) The Seller Shareholder must ensure that the Third Party gives to the Exercising Shareholder the full details of the settlement requirements in writing. (c) If there is more than one Exercising Shareholder, completion of the sale of the Shares by each Exercising Shareholder to the Third Party must occur at the same time as each other and at the same time as that of the Seller Shareholder.

Related to Completion of Sale to Third Party

  • Sale to Third Party If the Company, after receiving the Sale Notice, fails to exercise its option as provided in Section 3.2, or if it declines to exercise the same, the Participant shall be entitled to transfer the Vested Shares to the third party on the terms contained in the Offer, and shall be entitled to have his Vested Shares transferred on the books of the Company, but only if the third party purchaser agrees to be bound by the terms of this Agreement applicable to Vested Shares. If the Participant fails to close the transfer of his Vested Shares within sixty (60) days after the option of the Company has expired or been waived, the restrictions contained in this Article III shall again apply and must be met prior to effecting any transfer of Vested Shares. Any transfer of Vested Shares by the Participant to any unaffiliated third party shall comply with all applicable securities laws, and the Company may refuse to transfer any Vested Shares unless it receives such assurance and opinions from legal counsel acceptable to the Company that any such transfer is in compliance with all applicable securities laws.

  • Notification of Sale Optionee agrees that Optionee, or any person acquiring shares upon exercise of this option, will notify the Bancorp not more than five (5) days after any sale or other disposition of such shares.

  • Acquisition of Stock by Third Party Any Person (as defined below) is or becomes the Beneficial Owner (as defined below), directly or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then outstanding securities;

  • Xxxx of Sale The Xxxx of Sale, duly executed by Purchaser; and

  • Notice to Third Parties Licensee shall give written notice, prior to the first sale of Licensed Product, to any Third Party to which it sells Licensed Product of the restrictions contained in this Section 5, and Licensee shall use its best endeavors, without prejudice to any other provision of this Agreement, to ensure that such Third Parties will undertake to abide by the restrictions contained in this Section 5 and will assist the MPP and Pfizer in securing compliance with this Section 5 and the restrictions which it contemplates.

  • Disclosure to Third Parties The Company shall have the right to disclose to third parties, in whatever manner the Company may determine, the fact that this Agreement has been executed, the names of the parties to this Agreement and the terms hereof.

  • Contract (Rights of Third Parties) Xxx 0000 22.1 No person who is not a party to this Grant Agreement shall have the right to enforce any of its terms.

  • Bxxx of Sale The Bxxx of Sale covering the Personal Property, in the form attached hereto as Exhibit D.

  • Musculoskeletal Injury Prevention and Control The hospital in consultation with the Joint Health and Safety Committee (JHSC) shall develop, establish and put into effect, musculoskeletal prevention and control measures, procedures, practices and training for the health and safety of employees.

  • DEVELOPMENT OR ASSISTANCE IN DEVELOPMENT OF SPECIFICATIONS REQUIREMENTS/ STATEMENTS OF WORK

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!