What Interests can be Sold to Third Party Sample Clauses

What Interests can be Sold to Third Party. If the Offerees do not give notice in accordance with the provisions of Section 9.4 that they are willing to purchase all of the Offered Interests, the rights of the Offerees, subject as hereinafter provided, to purchase the Offered Interests shall forthwith cease and determine and the Offeror may sell the Offered Interests to the third party purchaser within ninety (90) days after the expiry of the one hundred twenty (120) business day period or fifteen (15) business day periods, as the case may be, specified in Section 9.4, for a price not less that the Purchase Price and on other terms no more favourable to such person than those set forth in the Notice, provided that the person to whom the Offeror’s Interests are to be sold agrees prior to such transaction to be bound by this Agreement and to become a party hereto in place of the Offeror with respect to the Offered Interests. If the Offered Interests are not sold within such ninety (90) day period on such terms, the rights of the Offerees pursuant to this Section 9.1 shall again take effect and so on from time to time.
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