Deadlock Offer definition

Deadlock Offer has the meaning given in clause 13.2.
Deadlock Offer has the meaning given to such term in Section 5.18(f)(i).
Deadlock Offer has the meaning set forth in Section 6.10.

Examples of Deadlock Offer in a sentence

  • The Deadlock Offer shall state the sales price, the terms and all other significant details that shall pertain to the proposed sale and shall specify payment in cash on closing.

  • If there is more than one Deadlock Initiating Shareholder delivering a Deadlock Offer Notice to each of the other Shareholders and the secretary of the Company, the first Deadlock Offer Notice to be properly delivered to each of the Shareholders and the secretary of the Company shall prevail.

  • If Party A does not issue a Deadlock Offer Notice within the said fifteen (15) Business Day, Party B may within a further fifteen (15) Business Days serve a Deadlock Offer Notice on Party A specifying a price at which it offers to sell or purchase all (but not less than all) of the Shares of Party A.

  • Within ninety (90) days following receipt of the Deadlock Offer, a Member (the “Responding Member”) may elect to purchase the Initiating Member’s Interest for the price and on the terms specified in the Deadlock Offer.

  • If multiple Deadlock Offer Notices are deemed to be properly delivered at the same time, the Deadlock Offer Notice with the highest Deadlock Offer Price shall prevail.

  • The failure by all of the Adverse Shareholders to deliver a non-defective Deadlock Reply Notice within the Deadlock Reply Period shall be deemed to be an election by all the Adverse Shareholders to reject the Deadlock Offer.

  • Any Adverse Shareholder who accepts the Deadlock Offer shall accept the Deadlock Offer for all (and not some only) of the Shares specified in the Deadlock Offer Notice.

  • The Responding Member(s) must purchase all of the Initiating Member’s Interest and must close the purchase within ninety (90) days following the date of the Deadlock Offer.

  • However, if the Remaining Shareholder does elect to accept the Deadlock Offer by delivering a written notice of acceptance to the Selling Shareholder within thirty (30) days after receipt of the Deadlock Offer Notice, the Remaining Shareholder shall purchase, and the Selling Shareholder shall sell, all of the Selling Shareholder’s Shares (as specified in the Deadlock Offer Notice) for the Deadlock Offer Price at a mutually agreeable time and place (the “Deadlock Closing”).


More Definitions of Deadlock Offer

Deadlock Offer has the meaning set forth in Section 6.02(j).

Related to Deadlock Offer

  • Deadlock has the meaning set forth in Section 11.01.

  • Tender Offer means a takeover offer, tender offer, exchange offer, solicitation, proposal or other event by any entity or person that results in such entity or person purchasing, or otherwise obtaining or having the right to obtain, by conversion or other means, greater than 10 per cent. and less than 100 per cent. of the outstanding voting shares of the Share Company, as determined by the Determination Agent, based upon the making of filings with governmental or self-regulatory agencies or such other information as the Determination Agent deems relevant.

  • Final Offer means the offer on which a resource was dispatched by the Office of the Interconnection for a particular clock hour for the Operating Day.

  • Initial Notice shall have the meaning set forth in Section 7.1.

  • Initial Offer means the initial offer of Participating Shares in a Fund as set out in the applicable Supplement;

  • Capital Call Notice As defined in Section 3.2(a).

  • Net Proceeds Offer Trigger Date has the meaning provided in Section 4.16.

  • Firm Offer means an offer which, when made, was capable of becoming legally binding upon acceptance.

  • Initial Offer Period means the period determined by the Directors during which Shares of any class are offered by the ICAV for purchase or subscription at the Initial Price.

  • Superior Proposal Notice has the meaning specified in Section 5.4(1)(c).

  • Permitted Offer means a tender offer or an exchange offer for all outstanding Common Shares of the Company determined by the Board of Directors of the Company, after receiving such advice as it deems necessary and giving due consideration to all relevant factors, to be in the best interests of the Company and its stockholders.

  • Sell Offer means an offer to sell Capacity Resources in a Base Residual Auction, Incremental Auction, or Reliability Backstop Auction.

  • pre-emptive offer means an offer of equity securities open for acceptance for a period fixed by the Directors to holders (other than the Company) on the register on a record date fixed by the Directors of ordinary shares in proportion to their respective holdings but subject to such exclusions or other arrangements as the Directors may deem necessary or expedient in relation to treasury shares, fractional entitlements, record dates or legal, regulatory or practical problems in, or under the laws of, any territory;

  • Subsequent Financing Notice shall have the meaning ascribed to such term in Section 4.12(b).

  • Preferred Bidder means a bidder that is entitled to receive a reciprocal preference under the requirements of this chapter.

  • Initial Offer Price means the initial price payable for a Share as specified in the relevant Supplement for each Fund.

  • Buy-Sell Notice shall have the meaning set forth in Section 12.1(a).

  • Mandatory Purchase Notice means, in connection with the Mandatory Purchase of VRDP Shares, a notice substantially in the form attached to the VRDP Shares Purchase Agreement as Exhibit B, delivered by the Fund or the Tender and Paying Agent on behalf of the Fund to the Holders and the Liquidity Provider in accordance with the VRDP Shares Purchase Agreement specifying a Mandatory Purchase Date.

  • Change of Control Offer has the meaning provided in Section 4.15.

  • Net Proceeds Offer has the meaning provided in Section 4.16.

  • Hostile Tender Offer means, with respect to the use of proceeds of any Note, any offer to purchase, or any purchase of, shares of capital stock of any corporation or equity interests in any other entity, or securities convertible into or representing the beneficial ownership of, or rights to acquire, any such shares or equity interests, if such shares, equity interests, securities or rights are of a class which is publicly traded on any securities exchange or in any over-the-counter market, other than purchases of such shares, equity interests, securities or rights representing less than 5% of the equity interests or beneficial ownership of such corporation or other entity for portfolio investment purposes, and such offer or purchase has not been duly approved by the board of directors of such corporation or the equivalent governing body of such other entity prior to the date on which the Company makes the Request for Purchase of such Note.

  • Fundamental Change Repurchase Notice shall have the meaning specified in Section 15.02(b)(i).

  • Proposed Sale has the meaning set forth in Section 2.4(a).

  • Net Proceeds Offer Amount has the meaning provided in Section 4.16.

  • Asset Sale Offer shall have the meaning specified in Section 4.13.

  • Exchange Offer Registration Period means the 180-day period following the consummation of the Registered Exchange Offer, exclusive of any period during which any stop order shall be in effect suspending the effectiveness of the Exchange Offer Registration Statement.