Lapse of Offer Sample Clauses

Lapse of Offer. ‌ To the extent an Offer is not accepted in accordance with Rule 5.1, the Offer will lapse on the date following the Closing Date, unless the Board determines otherwise.
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Lapse of Offer. Any failure of the Optionee to sign and return this Agreement to the Vice President of Human Resources within 60 days of the Date of Option Grant will result in revocation of this Option and all provisions of this Agreement will expire and will be canceled and forfeited.
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Lapse of Offer. This Offer shall be irrevocable by the Purchaser and open for acceptance by the Vendor until at 5:00 p.m., after which time, if not accepted, it shall lapse and the Deposit shall be returned to the Purchaser, without interest. [Note: The Purchaser should leave this Offer open for acceptance until at least the 14th day of October, 2016.]
Sample 1
Lapse of Offer. This offer shall lapse within ___________________ days from the date hereof. In the event this offer is not accepted by the stipulated date, any deposit or monies received by the Landlord shall be returned to the Tenant immediately and thereafter neither party shall have any claims against the other.
Sample 1

Related to Lapse of Offer

  • Termination of Offer In the event that this Agreement is terminated pursuant to Section 8.1, Purchaser shall (and Parent shall cause Purchaser to) promptly (and, in any event, within 24 hours of such termination), irrevocably and unconditionally terminate the Offer and shall not acquire any Shares pursuant to the Offer. If the Offer is terminated or withdrawn by Purchaser, Purchaser shall promptly return, and shall cause any depository acting on behalf of Purchaser to return, in accordance with applicable Legal Requirements, all tendered Shares to the registered holders thereof.

  • Acceptance of Offer 3.1 This agreement constitutes and offer by the Purchaser and shall remain open for acceptance by the Seller or by the Auctioneer on behalf of the Seller, for a period of 14 (Fourteen) day confirmation period after the date of auction and the fall of the hammer (“the confirmation period”). The Purchaser and the Auctioneer acknowledge and agree that this provision is inserted and intended for the benefit of the seller. The offer shall remain irrevocable and open for acceptance by the Seller at any time during the confirmation period. 3.2 The Auctioneer shall inform the purchaser of any higher written offer which is received from a third party during the confirmation period. The Purchaser shall for a period of 24 (twenty- four) hours after having received such notice, have the right to increase the purchase price offered by him to equal the subsequent higher offer, but subject otherwise to all other terms and conditions of the Conditions of Sale. Should the Seller elect to sell the Property for a higher amount and the Purchaser agrees to match the higher offer, then the Seller shall be obliged to accept the said increased offer of the Purchaser. 3.3 The purchaser’s offer shall be deemed to have been accepted only when the Seller or the Auctioneer, whichever may be applicable, has signed this agreement on behalf of the Seller in the space provided at the end of this agreement. 3.4 Should the Seller reject the purchaser’s offer, the Auctioneer will repay any deposit and commission paid to it in terms of this rules of auction or conditions of sale. 3.5 In the event of the sale requiring the consent of any statutory authority or any court of law, then the sale flowing form the auction is subject to the granting of such consent. 3.6 Should the Seller or Auctioneer, as the case may be, accepts the Purchaser’s offer then this agreement will constitute the Conditions of Sale as referred to in the Rules of Auction, to which this agreement forms Annexure “A”, whereby the Seller sells to the Purchaser who hereby purchases the Property on the following terms and conditions:

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