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 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 that such sale complies with other terms, conditions, and restrictions of this Agreement that are applicable to sales of Company Interests and are not expressly made inapplicable to sales occurring under this Section 7.4.

Appears in 2 contracts

Samples: Operating Agreement (Riggs National Corp), Operating Agreement (Riggs National Corp)

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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 Interest 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 applicable to sales of Company Interests and are not expressly made inapplicable to sales occurring under this Section 7.412.

Appears in 1 contract

Samples: Operating Agreement (Alliance Pharmaceutical Corp)

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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 Interest 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 applicable to sales of Company Interests and are not expressly made inapplicable to sales occurring under this Section 7.412.

Appears in 1 contract

Samples: Merger Agreement

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