Examples of Notice of Right of First Refusal in a sentence
Such notice of exercise shall refer to the Notice of Right of First Refusal and shall set forth the number of shares to be acquired by the Shareholders Representatives.
Absent the right to make a transfer of Stock pursuant to Section 2.2 or 2.3 hereof, any transfer described in this ARTICLE TWO of a Shareholder's Stock without complying with the giving of a Notice of Right of First Refusal shall be void, and the Corporation shall have the right to issue a Notice of Right of First Refusal upon discovery of such transfer, a copy of which shall be sent to the person making such transfer and his or her transferee.
The following transfers of Stock shall be permitted transfers which do not require the giving of a Notice of Right of First Refusal under Section 2.3 of this ARTICLE TWO.
The duty of the Corporation to cause the issuance of such Notice of Right of First Refusal shall not be considered to be elective, but shall be mandatory.
Notwithstanding the provisions of the Section 3.3(b), the option to purchase the Purchased Shares described in a Purchaser Notice of Right of First Refusal that describes a proposed non-market transaction may be exercised and the Purchaser Closing (as hereinafter defined) consummated only if the Corporation and/or the Other Purchaser collectively agree to purchase all of the shares of the Purchaser Offered Stock.
Notwithstanding the provisions of the Section 2.3(b), the option to purchase shares of Stock described in a Notice of Right of First Refusal that describes a proposed non-market transaction may be exercised and the Closing (as hereinafter defined) consummated only if the Shareholders Representatives and the Purchasers collectively agree to purchase all of the shares of the Offered Stock.
The following transfers of the Purchased Shares shall be permitted transfers which do not require the giving of a Notice of Right of First Refusal under Section 3.3 of this ARTICLE THREE.
Upon the giving of the Notice of Right of First Refusal, the time periods for the exercise of the options specified in Section 2.3 shall commence running.
The date that the Notice of Right of First Refusal is received by the Corporation shall constitute the First Refusal Notice Date.
The date that the Notice of Right of First Refusal is delivered to the Shareholders Representatives and the Purchasers shall constitute the First Refusal Notice Date.