Offer to Pay definition
Examples of Offer to Pay in a sentence
Lifeco shall, not later than seven days after the later of the Transaction Date or the day CLFC received the Demand for Payment, send to each Dissenting Shareholder who has sent such a demand an Offer to Pay.
Offer to Pay upon Change in Control..............................
If FSHI fails to make an Offer to Pay or if a Dissenting Shareholder fails to accept an offer that has been made, FSHI may, within 50 days after the Closing Date or within such further period as the Court may allow, apply to the Court to fix a fair value for the Limited Voting Shares of Dissenting Shareholders.
Lifeco shall make payment in respect of Exchangeable Shares held by a Dissenting Shareholder at the Automatic Exchange Time within ten days after an Offer to Pay has been accepted by such shareholder.
An Offer to Pay may only be expressed as the amount of cash for which Exchangeable Shares may be exchanged, and, for greater certainty, may not be expressed, or be required to be expressed, in any other form of consideration.