Legally Binding Obligation Sample Clauses
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Legally Binding Obligation. Subject to Section 5.1(a), -------------------------- making a written offer, giving or failing to give written notice within the stated period, accepting an offer or making a decision or election, in each case as provided in Section 5.1 or 5.2, shall create a legally binding obligation to buy or sell, or a legally binding obligation to refrain from buying or selling, or a legally binding waiver of the right to buy or sell, as the case may be, the subject Stock as provided in such Section 5.1 or 5.
Legally Binding Obligation. The giving of a notice or the accepting of an offer as provided in Section 4.1 hereof shall create a legally binding obligation as provided in such Section 4.1.
Legally Binding Obligation. The giving of any notice under Paragraph 4 and the making or failing to make an election within the stated period, in each case as provided in Paragraphs 4, shall create a legally binding obligation to buy or sell, as the case may be, the subject Shares pursuant hereto.
Legally Binding Obligation. The making of an offer, the delivery of a notice within the stated period and the acceptance of an offer, as provided herein, shall create a legally binding obligation to buy or sell, as the case may be, securities or otherwise take all necessary actions, as provided above. In addition, the Company is hereby authorized (a) to transfer such Shares on the books of the Company in accordance with this Agreement and without regard to the surrender of certificates representing such Shares held by such Shareholder and (b) to place on all certificates representing Shares a legend reflecting its authority to transfer such Shares in accordance with this Section 14. Any such certificates not surrendered as required by this Agreement shall become upon such transfer null and void.