Common use of Tender of Common Shares; Purchase of Preferred Shares Clause in Contracts

Tender of Common Shares; Purchase of Preferred Shares. (a) The Stockholder will validly tender (or cause the record owner of such Common Shares to validly tender) and sell (and not withdraw) pursuant to and in accordance with the terms of the Offer not later than the fifteenth Business Day after commencement of the Offer all of the Stockholder’s Shares that are Common Shares. In the event, notwithstanding the provisions of the first sentence of this Section 4.1(a), that any of such Common Shares are for any reason withdrawn from the Offer or are not purchased pursuant to the Offer, such Common Shares will remain subject to the terms of this Agreement. The Stockholder acknowledges that Purchaser’s obligation to accept for payment and pay for the Common Shares in the Offer is subject to all the terms and conditions of the Offer.

Appears in 6 contracts

Samples: Shareholder Agreement (Online Resources Corp), Shareholder Agreement (Aci Worldwide, Inc.), Shareholder Agreement (Online Resources Corp)

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Tender of Common Shares; Purchase of Preferred Shares. (a) The Stockholder will validly tender (or cause the record owner of such Common Shares to validly tender) and sell (and not withdraw) pursuant to and in accordance with the terms of the Offer not later than the fifteenth Business Day after commencement of the Offer all of the Stockholder’s Shares that are Common Shares. In the event, notwithstanding the provisions of the first sentence of this Section 4.1(a), that any of such Common Shares are for any reason withdrawn from the Offer or are not purchased pursuant to the Offer, such Common Shares will remain subject to the terms of this Agreement. The Stockholder acknowledges that the Purchaser’s obligation to accept for payment and pay for the Common Shares in the Offer is subject to all the terms and conditions of the Offer.

Appears in 2 contracts

Samples: Shareholder Agreement, Shareholder Agreement

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