Common use of Procedures for Tendering Shares Clause in Contracts

Procedures for Tendering Shares. For purposes of the Offer, we will be deemed to have accepted for payment and thereby purchased Shares validly tendered, and not properly withdrawn, prior to the expiration time of the Offer if and when Purchaser gives oral or written notice to the Depositary of its acceptance for payment of such Shares pursuant to the Offer. Upon the terms and subject to the conditions to the Offer, payment for Shares accepted for payment pursuant to the Offer will be made by deposit of the purchase price therefor with the Depositary, which will act as agent for the tendering stockholders for purposes of receiving payments from us and transmitting such payments to the tendering stockholders. Under no circumstances will interest be paid on the Offer Price for Shares, regardless of any extension of the Offer or any delay in payment for Shares. If any tendered Shares are not accepted for payment pursuant to the terms and conditions of the Offer for any reason, or if certificates are submitted for more Shares than are tendered, certificates for these unpurchased Shares will be returned (or new certificates for the Shares not tendered will be sent), without expense to the tendering stockholder (or, in the case of Shares tendered by book-entry transfer into the Depositary’s account at DTC pursuant to the procedures set forth in Section 3 — “Procedures for Tendering Shares,” these Shares will be credited to an account maintained with DTC) promptly following expiration or termination of the Offer.

Appears in 2 contracts

Samples: Snapfish, LLC, Hershey Co

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Procedures for Tendering Shares. For purposes of the Offer, we will be deemed to have accepted for payment and thereby purchased Shares validly tendered, and not properly withdrawn, prior to the expiration time of the Offer if and when Purchaser gives oral or written notice to the Depositary and Paying Agent of its acceptance for payment of such Shares pursuant to the Offer, then Purchaser has accepted for payment and thereby purchased the Shares validly tendered and not validly withdrawn pursuant to the Offer. Upon the terms and subject to the conditions to of the Offer, payment for Shares accepted for payment pursuant to the Offer will be made by deposit of the purchase price therefor with the DepositaryDepositary and Paying Agent, which will act as agent for the tendering stockholders for purposes of receiving payments from us Purchaser and transmitting such payments to the tendering stockholders. Under no circumstances will interest be paid on the Offer Price for Shares, regardless of any extension of the Offer or any delay in payment for Shares. If any tendered Shares are not accepted for payment pursuant to the terms and conditions of the Offer for any reason, or if certificates are submitted for more Shares than are tendered, certificates for these such unpurchased Shares will be returned (or new certificates for the Shares not tendered will be sent), without expense to the tendering stockholder (or, in the case of Shares tendered by book-entry transfer into the DepositaryDepositary and Paying Agent’s account at DTC pursuant to the procedures set forth in “The Tender Offer—Section 3 — “8. Procedures for Tendering Shares,” these such Shares will be credited to an account maintained with DTC) promptly following expiration or termination of the Offer.

Appears in 1 contract

Samples: Virtual Therapeutics Corp

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Procedures for Tendering Shares. For purposes of the Offer, we will be deemed to have accepted for payment and thereby purchased Shares validly tendered, and not properly withdrawn, prior to the expiration time of the Offer Expiration Date if and when Purchaser gives we give oral or written notice to the Depositary of its our acceptance for payment of such Shares pursuant to the Offer. Upon the terms and subject to the conditions to of the Offer, payment for Shares accepted for payment pursuant to the Offer will be made by deposit of the purchase price therefor with the Depositary, which will act as agent for the tendering stockholders shareholders for purposes of receiving payments from us and transmitting such payments to the tendering stockholdersshareholders. Under no circumstances will interest be paid on the Offer Price for Shares, regardless of any extension of the Offer or any delay in payment for Shares. If any tendered Shares are not accepted for payment pursuant to the terms and conditions of the Offer for any reason, or if certificates are submitted for more Shares than are tendered, certificates for these such unpurchased Table of Contents Shares will be returned (or new certificates for the Shares not tendered will be sent), without expense to the tendering stockholder shareholder (or, in the case of Shares tendered by book-entry transfer into the Depositary’s account at DTC pursuant to the procedures set forth in Section 3 — “Procedures 3—“Procedures for Tendering Shares,” these such Shares will be credited to an account maintained with DTC) promptly following expiration or termination of the Offer.

Appears in 1 contract

Samples: Endo Pharmaceuticals Holdings Inc

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