Nullification. The Company agrees that if the Tender Offer has not commenced by the date which is 30 days following completion of the Private Placement, or is conducted at a per share price of less than $19.00, all of the covenants and obligations of the Stockholder hereunder shall be extinguished and become null and void.
Appears in 4 contracts
Samples: Tendering Stockholders Agreement (Matrix Bancorp Inc), Tendering Stockholders Agreement (Matrix Bancorp Inc), Tendering Stockholders Agreement (Matrix Bancorp Inc)
Nullification. The Company agrees that if the Tender Offer has not commenced by the date which is 30 days following completion of the Private Placement, or (ii) the Private Placement is not completed by December 31, 2005, or (iii) the Tender Offer is conducted at a per share price of less than $19.00, all of the covenants and obligations of the Stockholder hereunder shall be extinguished and become null and void.
Appears in 1 contract
Samples: Tendering Stockholders Agreement (Matrix Bancorp Inc)
