Former Shareholder definition
Examples of Former Shareholder in a sentence
Xxxxx Xxxx & Xxxxxxxx LLP, New York, New York is U.S. federal and New York State law counsel for SVB Leerink in connection with this offering.
At the closing, the Former Shareholder or the Company (as applicable) will deliver by wire transfer or cashier's check the consideration payable to the order of the Interested Party, against delivery by the Interested Party of certificates evidencing the Subject Shares being so purchased, free and clear of all liens, claims and encumbrances (other than this Shareholder Agreement) and endorsed in good form for transfer.
If the Former Shareholder does not accept such offer within such 30-day period with respect to all of the Subject Shares, then the Company will have the option, pursuant to Section 3(c), to purchase any remaining Subject Shares.
If the Former Shareholder or the Company elects to purchase Capital Stock pursuant to this Section 3, the closing of the purchase and sale will occur on the 90th day following delivery of the Notice of Involuntary Transfer (or such earlier date as may be agreed among the parties).
The Former Shareholder may elect to accept such offer in whole or in part only by delivering to the Interested Party and the Company written notice of its irrevocable election to accept such offer within 30 days after delivery of the Notice of Involuntary Transfer.