Exercise of Rights of First Offer. (i) Within 30 calendar days after the Company’s receipt of a Ventas Transfer Notice, the Company may respond with written notice to the Ventas and EGI (a “Company Exercise Notice”) stating that the Company will repurchase, at the price and on the terms specified in the Ventas Transfer Notice, all or any portion of the Available Ventas Securities. If the Company fails to serve a Company Exercise Notice within the period specified in this Section 10.4(b)(i), then the Company will be deemed to have declined the Available Ventas Securities.
Exercise of Rights of First Offer. If Syntone desires to accept the offer contained in the Offer Notice, it shall send an irrevocable commitment (each a “Purchase Commitment”) to Outlook within three (3) Business Days after the date of delivery of the Offer Notice specifying the amount or proportion of the Offered Securities which it desires to purchase (the “Subscribed New Securities”). If Syntone does not send a Purchase Commitment in accordance with the foregoing sentence, or duly sends a Purchase Commitment but does not elect to purchase all of the Offered Securities in such Purchase Commitment, Syntone shall be deemed to have irrevocably waived its right under this Section 7 with respect to those Offered Securities that are not Subscribed New Securities (the “Unsubscribed New Securities”) and Outlook shall thereafter be free to offer and sell the Unsubscribed New Securities to any Person or Persons within one hundred and twenty (120) days following the date of the Offer Notice (the “Sale Deadline”) on terms no more favorable to such Person or Persons than those set forth in the Offer Notice. If Outlook has not completed the sale of the Unsubscribed New Securities in accordance with the foregoing sentence, Outlook shall provide a new Offer Notice to Syntone on the terms and provisions set forth in Section 7.3.
Exercise of Rights of First Offer
