Common use of NON-ACCEPTANCE OF SUBSEQUENT OFFER Clause in Contracts

NON-ACCEPTANCE OF SUBSEQUENT OFFER. If, during the time period provided in Section 5.1, the Offeree shall not have accepted the Subsequent Offer, then the Offeror shall be entitled to sell the Purchased Shares in accordance with the Initial Offer, provided that the transaction is completed not later than ( ) days following the last day on which the Offeree is entitled to accept the Subsequent Offer. The Offeree shall be entitled to require proof that the sale took place in accordance with the Initial Offer.

Appears in 13 contracts

Samples: Shareholder Agreements, Shareholders Agreement, Shareholder Agreement

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NON-ACCEPTANCE OF SUBSEQUENT OFFER. If, during the time period provided in Section 5.1, none of the Offeree Offerees shall not have accepted the Subsequent Offer, then the Offeror shall be entitled to sell the Purchased Shares in accordance with the Initial Offer, provided that the transaction is completed not later than ( ) days following the last day on which the Offeree is entitled to accept the Subsequent Offer. The Offeree Offerees shall be entitled to require proof that the sale took place in accordance with the Initial Offer.

Appears in 4 contracts

Samples: Shareholder Agreement, Shareholders' Agreement, Shareholder Agreement

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NON-ACCEPTANCE OF SUBSEQUENT OFFER. 0000-00-0000 If, during the time period provided in Section 5.1, the Offeree shall not have accepted the Subsequent Offer, then the Offeror shall be entitled to sell the Purchased Shares in accordance with the Initial Offer, provided that the transaction is completed not later than ( ) days following the last day on which the Offeree is entitled to accept the Subsequent Offer. The Offeree shall be entitled to require proof that the sale took place in accordance with the Initial Offer.

Appears in 1 contract

Samples: Shareholders Agreement

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