Common use of Sale Pursuant to Purchase Offer If Firm Offer Rejected Clause in Contracts

Sale Pursuant to Purchase Offer If Firm Offer Rejected. If the Firm Offer is not accepted in the manner hereinabove provided, the Seller may sell the Offered Units to the Purchaser at any time within sixty (60) days after the last day of the Offer Period, provided that such sale shall be made on terms no more favorable to the Purchaser than the terms contained in the Purchase Offer and, provided, further, that such sale complies with other terms, conditions, and restrictions of this Agreement that are not expressly made inapplicable to sales occurring under this Section 12.2. In the event that the Offered Units are not sold in accordance with the terms of the preceding sentence, the Offered Units shall again become subject to all of the conditions and restrictions of this Section 12.2.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Energy Transfer Equity, L.P.), Limited Liability Company Agreement (Williams Companies Inc), Agreement and Plan of Merger

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Sale Pursuant to Purchase Offer If Firm Offer Rejected. If the Firm Offer is not accepted in the manner hereinabove provided, the Seller may sell the Offered Units to the Purchaser at any time within sixty (60) days after the last day of the Offer Period, provided that such sale shall be made on terms no more favorable to the Purchaser than the terms contained in the Purchase Offer and, provided, further, and provided further that such sale complies with other terms, conditions, and restrictions of this Agreement that are not expressly made inapplicable to sales occurring under this Section 12.212.4. In the event that the Offered Units are not sold in accordance with the terms of the preceding sentence, the Offered Units shall again become subject to all of the conditions and restrictions of this Section 12.212.4.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Alliance Pharmaceutical Corp)

Sale Pursuant to Purchase Offer If Firm Offer Rejected. If the Firm Offer is not accepted in the manner hereinabove providedprovided herein, the Seller may sell the Offered Units Interest to the Purchaser at any time within sixty (60) days after the last day of the Offer Period, provided that such sale shall be made on terms no more favorable to the Purchaser than the terms contained in the Purchase Offer and, provided, further, and provided further that such sale complies with other terms, conditions, and restrictions of this Agreement that are applicable to sales of Membership Interests and are not expressly made inapplicable to sales occurring under this Section 12.211.3. In the event that If the Offered Units are Interest is not sold in accordance with the terms of the preceding sentence, the Offered Units Interest shall again become subject to all of the conditions and restrictions of this Section 12.211.3.

Appears in 1 contract

Samples: Operating Agreement (155 East Tropicana, LLC)

Sale Pursuant to Purchase Offer If Firm Offer Rejected. If the Firm Offer is not accepted in the manner hereinabove provided, the Seller may sell the Offered Units Shares to the Purchaser at any time within sixty (60) days after the last day of the Offer Period, provided provided, that such sale shall be made on terms no more favorable to the Purchaser than the terms contained in the Purchase Offer and, provided, further, that such sale complies with other terms, conditions, and restrictions of this Agreement that are not expressly made inapplicable to sales occurring under this Section 12.29.4. In the event that the Offered Units Shares are not sold in strict accordance with the terms of the preceding sentence, the Offered Units Shares shall again become and be subject to all of the conditions and restrictions of this Section 12.29.4.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (New England Realty Associates Limited Partnership)

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Sale Pursuant to Purchase Offer If Firm Offer Rejected. If the Firm Offer is not accepted in the manner hereinabove providedprovided herein, the Seller may sell the Offered Units Interest to the Purchaser at any time within sixty (60) days after the last day of the Offer Period, provided that such sale shall be made on terms no more favorable to the Purchaser than the terms contained in the Purchase Offer and, provided, further, and provided further that such sale complies with other terms, conditions, and restrictions of this Operating Agreement that are applicable to sales of Membership Interests and are not expressly made inapplicable to sales occurring under this Section 12.211.3. In the event that If the Offered Units are Interest is not sold in accordance with the terms of the preceding sentence, the Offered Units Interest shall again become subject to all of the conditions and restrictions of this Section 12.211.3.

Appears in 1 contract

Samples: Operating Agreement (155 East Tropicana, LLC)

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