Common use of Notice of Intended Disposition Clause in Contracts

Notice of Intended Disposition. In the event the Owner desires to ------------------------------ accept a bona fide third-party offer for any or all of the Purchased Shares (the shares subject to such offer to be hereinafter called, for purposes of this Article 6, the "Target Shares"), the Owner shall promptly (a) deliver to the Secretary of the Company written notice (the "Disposition Notice") of the offer and the basic terms and conditions thereof, including the proposed purchase price, and (b) provide satisfactory proof that the disposition of the Target Shares to the third-party offeror would not contravene the provisions of Articles 2 and 3 of this Agreement.

Appears in 1 contract

Samples: Founders Stock Purchase Agreement (Critical Path Inc)

AutoNDA by SimpleDocs

Notice of Intended Disposition. In the event the Owner desires to ------------------------------ accept a bona fide third-party offer for any or all of the Purchased Shares (the shares subject to such offer to be hereinafter called, for purposes of this Article 6, the "Target Shares"), the Owner shall promptly (a) deliver to the Secretary of the Company written notice (the "Disposition Notice") of the offer and the basic terms and conditions thereof, including the proposed purchase price, and (b) provide satisfactory proof that the disposition of the Target Shares to the third-party offeror offer or would not contravene the provisions of Articles 2 and 3 of this Agreement.

Appears in 1 contract

Samples: Employee Stock Purchase Agreement (Newcom Inc)

Notice of Intended Disposition. In the event the Owner desires to ------------------------------ accept a bona fide third-party offer for any or all of the Purchased Shares (the shares subject to such offer to be hereinafter called, solely for the purposes of this Article 6VI, the "Target Shares"), the Owner shall promptly (ai) deliver to the Secretary of the Company Corporation written notice (the "Disposition Notice") of the offer and the basic terms and conditions thereof, including the proposed purchase priceprice thereof, and (bii) provide satisfactory proof that the disposition of the Target Shares to the third-third party offeror would not contravene be in contravention of the provisions of provision set forth in Articles 2 II and 3 III of this Agreement.. 6.3

Appears in 1 contract

Samples: Employee Stock Purchase Agreement (Viropharma Inc)

AutoNDA by SimpleDocs

Notice of Intended Disposition. In the event the Owner desires to ------------------------------ accept a bona fide third-party offer for any or all of the Purchased Shares (the shares subject to such offer to be hereinafter called, solely for the purposes of this Article 6VI, the "Target Shares"), the Owner shall promptly (ai) deliver to the Secretary of the Company Corporation written notice (the "Disposition Notice") of the offer and the basic terms and conditions thereof, including the proposed purchase priceprice thereof, and (bii) provide satisfactory proof that the disposition of the Target Shares to the third-third party offeror would not contravene be in contravention of the provisions of provision set forth in Articles 2 II and 3 III of this Agreement.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Viropharma Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.