Examples of New Shares Notice in a sentence
Each New Shares Notice shall set forth: (i) the number of New Shares proposed to be issued by the Company and the purchase price therefor; (ii) each Investor’s Pro Rata Portion of such New Shares; and (iii) any other material term (including, if known, the expected date of consummation of the purchase and sale of the New Shares).
If the Company does not consummate the sale of the unsubscribed New Shares in accordance with the terms of the New Shares Notice within such ninety (90)-day period, then the Company may not issue or sell such New Shares unless it sends a new New Shares Notice and once again complies with the provisions of this Section 3.8 with respect to such New Shares.
Each Shareholder will have seven Business Days after receipt of the New Shares Notice (the “Acceptance Period”) within which to give the Corporation written notice of its intention to purchase New Shares on the terms and conditions set out in the New Shares Notice (the “Acceptance Notice”).
If the Company does not consummate the sale of the unsubscribed New Shares in accordance with the terms of the New Shares Notice within such one hundred twenty (120)-day period, then the Company may not issue or sell such New Shares unless it sends a new New Shares Notice and once again complies with the provisions of this Section 5.1 with respect to such New Shares.
Each Participating Shareholder will initially be allocated its pro rata portion of the New Shares (calculated on the number of Shares held as of the date of the New Shares Notice by the Participating Shareholders as between themselves) or any lesser amount specified in its Acceptance Notice.
Each New Shares Notice shall set forth: (i) the number of New Shares proposed to be issued by the Company and the purchase price therefor; (ii) each OEP Stockholder’s Pro Rata Portion of such New Shares; and (iii) any other material term (including, if known, the expected date of consummation of the purchase and sale of the New Shares).
The transaction of purchase and sale contemplated by the New Shares Notice will be completed by each Participating Shareholder no later than five Business Days after the expiry of the Acceptance Period.
A combination of existing hydropower facilities and renewable energy technologies is another feasible option that needs further examination.
Failure to deliver the New Shares Notice pursuant to the foregoing shall not affect the legality or validity of the Preemptive Right.
Each New Shares Notice shall set forth: (i) the number of New Shares proposed to be issued by the Company and the purchase price therefor; (ii) the Investor Holders’ Pro Rata Portion of such New Shares; and (iii) any other material term (including, if known, the expected date of consummation of the purchase and sale of the New Shares).