Examples of Investor Offer Notice in a sentence
Upon receipt of notice of the Company's refusal to consent to the proposed transferee of the Investor Rights or the end of such 45-day period, if such consent is not granted by the Company, the Investor may elect, by written notice to the Company within five business days thereafter, to withdraw the Investor Offer Notice, in which case the Company and any designee shall have no right or obligation to purchase the Investor Offered Securities or any Additional Offered Securities.
The Founder Acceptance Notice shall indicate the maximum number of Shares such Founder wishes to sell including the number of Shares it would sell if one or more other Founders do not elect to participate in the sale on the terms and conditions stated in the Investor Offer Notice.
If the Investor does not give written notice to the Company of the Investor's election to withdraw an Investor Offer Notice then the Company or its designee, as the case may be, shall be obligated to purchase the Investor Offered Securities (and any Additional Offered Securities) at a price or prices per share or Underlying Share (net of any applicable exercise price) equal to the Investor Offer Price, and on the same terms and conditions set forth in the Investor Offer Notice.
The Investor may set forth in the Investor Offer Notice any additional Subject Securities (the "Additional Offered Securities") that the Investor determines in its sole discretion must be included as part of the securities that the Company or its designee is required to offer to purchase if the Company does not consent to a proposed Transfer of the Investor Rights.
In the event that the Non-Transferring Stockholders and the Company elect not to purchase all of the Securities specified in an Investor Offer Notice, each of the Stockholders other than the Transferring Stockholder may elect to participate in the contemplated sale by delivering written notice to the Transferring Stockholder within fifteen (15) days after expiration of the Company Election Period.
In the event that QuantRx and the other Investors do not elect to exercise the rights to purchase under this Section 2.3 with respect to all of the Securities proposed to be sold, or fail to consummate such purchase, the Transferring Investor may sell all of such Securities to the Investor Buyer, or other Person, as applicable, on the terms and conditions set forth in the Investor Offer Notice.
If the Company does not elect to purchase all of the Offered Shares by exercising its option under this Section 2.2(b) within the Company Option Period, the Transferring Stockholder shall so notify the Investors promptly (the "Investor Offer Notice").
The Investor Offer Notice shall constitute an irrevocable offer to sell all of the Securities which are the subject of the Investor Offer (the "Investor Offered Securities") to the Company, each Investor and QuantRx on the basis described below, at a purchase price equal to the price contained in, and on the same terms and conditions of, the Investor Offer.
The Investor Offer Notice shall set forth the number of Investor Offer Shares proposed to be transferred and information regarding such Selling Preferred Shareholder’s bank account (the “Preferred Shareholder’s Bank Account”) and the Founders shall keep such bank account information confidential.
The Transferring Investor shall cause the Investor Offer and all of the terms thereof to be reduced to writing and shall promptly notify the Company, each other Investor and QuantRx of such Transferring Investor's desire to effect the Investor Offer and otherwise comply with the provisions of this Section 2.3 (such notice, the "Investor Offer Notice").