Common use of Right of First Offer Procedure Clause in Contracts

Right of First Offer Procedure. Once an Aggregate Trade Release Notice is received, Nova Ponte shall have one NYSE Trading Day (“Exercise Period”) to notify in writing the Offering Investor(s) and the Escrow Agent whether it or its designee shall exercise (or not exercise) the Right of First Offer with regard to all and not less than all of the offered Aggregate Trade Shares for the Exercise Price set forth in Section 6.03(e).i below.

Right of First Offer Procedure. Once an Aggregate Trade Release Notice is received, Nova Ponte shall have one NYSE Trading Day (“Exercise Period”) to notify in writing the Offering Investor(s) Investor and the Escrow Agent whether it or its designee shall exercise (or not exercise) the Right of First Offer with regard to all and not less than all of the offered Aggregate Trade Shares for the Exercise Price set forth in Section 6.03(e).i below.