Examples of Company Offer Period in a sentence
If the Company accepts the Offer to purchase the Offered Interest, the Company Notice shall fix a closing date not more than twenty-five (25) days (the “Company Closing Date”) after the expiration of the Company Offer Period.
At any time prior to the expiration of the Company Offer Period, the Company has the right to accept the Prospective Seller’s Offer by giving a written notice of election (“Company Notice”) to the Prospective Seller with a copy to the Other Members, which must specify the amount of the Offered Units that the Company is willing to purchase (which may be less than the entire Offered Units).
If SG DEV fails to accept or affirmatively rejects the offer to purchase all or any portion of the Project within the Company Offer Period, JDI then shall offer to sell all or any portion of the Project which are not to be purchased by SG DEV.
If the Company does not elect to purchase all of the Offered Units from the Prospective Seller within the Company Offer Period, then each Other Member has the right to purchase that portion of such Offered Units which the Company does not commit to purchase.
At any time during the Company Offer Period, the Company may, by the vote of a Majority in Interest of the Remaining Members, accept the offer by giving written notice of its acceptance.
If the Company fails to notify the Prospective Seller and the Funds prior to the expiration of the Company Offer Period, it shall be deemed to have declined such Offer.
The Company upon receipt of such Offer Notice shall have a 15 Business Day period (the “Company Offer Period”) in which to accept such Offer as to all or any portion of the Offered Securities by giving a notice of acceptance to such Prospective Seller (together with a copy thereof to the Funds) prior to the expiration of such Company Offer Period.
If the Company does not elect to purchase all of the Offered Shares, the Common Offerees shall have a period of ten (10) additional days beyond the Company Offer Period (the "Common Offer Period") to elect, by written notice to the Offeror, to purchase the Offered Shares not purchased by the Company (the "Refused Shares") at the Offer Price per share in such proportions as they may agree upon.
For a period of twenty (20) days from the receipt of the Transfer Notice (the "Company Offer Period"), the Company may, by written notice to the Offeror, the Common Offerees and the Preferred Offerees, elect to purchase all or any portion of the Offered Shares at the Offer Price per share.
At any time prior to expiration of the Company Offer Period, the Company shall have the right to accept the offer the Investor or its Affiliate, as the case may be, as to all (and only all) of the Company Offered Shares by giving a written notice of election (the “Company Notice of Election”) to the Investor or its Affiliate, as the case may be.