Examples of Initial Expiration Time in a sentence
If the Stockholder acquires Shares after the date hereof, the Stockholder shall (A) tender or cause to be tendered such Shares on or before the fifth Business Day prior to the Initial Expiration Time or, if later, on or before the Business Day after such acquisition but in any event prior to the Expiration Time, and (B) not withdraw such Shares, or cause such Shares to be withdrawn, from the Offer at any time.
Each Stockholder shall duly tender to Merger Sub during any Subsequent Offering Period provided by Merger Sub in accordance with the terms of the Offer, all of the Subject Shares, if any, which shall have been issued after the Initial Expiration Time.
The Company shall use reasonable best efforts to obtain from each holder of an Option that is outstanding and unexercised at the Effective Time a written consent to the cancellation of the Option immediately prior to the Effective Time in exchange for the receipt of the consideration set forth in the prior sentence, all such written consents to be delivered to the Company (and a copy provided to Parent) prior to the Initial Expiration Time.
The Initial Expiration Time or, in the event the Initial Expiration Time has been extended pursuant to this Agreement (other than in connection with a Subsequent Offering Period as described in the following sentence), the date and time to which the Offer has been so extended is referred to herein as the “Expiration Time”.
Parent may not, without the express written consent of the Company, extend the Offer beyond the Initial Expiration Time.
Prior to the Initial Expiration Time and subject to the foregoing, the Company shall take all steps necessary to ensure that no holder of Warrants shall have the right to acquire any of the Surviving Corporation’s equity securities (or other interests in respect thereof) at any time following the Effective Time.
Prior to the Initial Expiration Time and subject to the foregoing, the Company shall take all steps requested by Parent to ensure that no holder of any Company Option shall have the right to acquire any of the Surviving Corporation’s equity securities (or other interests in respect thereof) at any time following the Effective Time.
The Option may be exercised only one time prior to the Initial Expiration Time and only one time after the Initial Expiration Time (and in any case during the Option Period).
It is the intent and agreement of the parties that (i) to the extent not exercised at or prior to the Initial Expiration Time, the Option to purchase 50,000 Shares shall expire at, and be of no further effect after, the Initial Expiration Time, and (ii) the Option to purchase the remaining 50,000 Shares shall expire at, and be of no further effect after, the end of the end of the Option Period.
If Xxxxxx acquires Shares after the date hereof, Xxxxxx shall (A) tender or cause to be tendered such Shares on or before the fifth Business Day prior to the Initial Expiration Time or, if later, on or before the Business Day after such acquisition but in any event prior to the Expiration Time, and (B) not withdraw such Shares, or cause such Shares to be withdrawn, from the Offer at any time.