Examples of Acquiring Shareholder in a sentence
Within 15 calendar days after the acquisition by any Shareholder (the “Acquiring Shareholder”) or any Affiliate of the Acquiring Shareholder of any Covered Real Property (excluding Covered Real Property acquired by or on behalf of the Company under a Program and Budget), the Acquiring Shareholder shall provide notice to the other Shareholder of such acquisition.
The Acquiring Shareholder’s notice shall describe in detail the terms of the acquisition (including the associated costs), the Covered Real Property subject to the acquisition, whether or not the Acquiring Shareholder believes the acquisition of the Covered Real Property by the Company is in its best interests, and the reasons for its conclusions.
In addition to the notice, the Acquiring Shareholder shall make any and all information concerning the Covered Real Property and the terms of the acquisition available for inspection by the other Shareholder.
Such other Shareholder shall promptly pay to the Acquiring Shareholder its proportionate share based on the Percentage Interest of the Acquiring Shareholder’s and its Affiliates’ actual out-of-pocket acquisition costs and all applicable Taxes.
In the event that there is more than one Acquiring Shareholder, the offered pre- emptive subscription rights will be allocated in proportion to their respective participation in the combined total of all the shares that the Acquiring Shareholders own as a whole.