Offers by Third Parties Clause Samples
The "Offers by Third Parties" clause defines how offers made by individuals or entities not directly involved in the contract are to be handled. Typically, this clause clarifies whether such offers can be considered, under what circumstances they may be accepted, and the process for notifying the original parties. Its core function is to establish clear rules regarding third-party involvement, thereby preventing misunderstandings or disputes about the validity and handling of external offers.
Offers by Third Parties. Notwithstanding anything to the contrary in this Section 4.15, the Issuer shall not be required to make a Change of Control Offer upon the occurrence of a Change of Control if a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in this Section 4.15, and purchases all Notes validly tendered and not withdrawn under such Change of Control Offer.