Examples of Offered Asset in a sentence
Within 25 days after the ROFR Asset Notice Date (such 25th day, the “ROFR Asset Expiration Date”), EECI may deliver a written notice to the Managing General Partner of the applicable Series of its election to purchase such ROFR Offered Asset.
Such Managing General Partner shall thereafter set a reasonable place and time for the closing of the purchase and sale of the ROFR Offered Asset, which shall be not less than 10 days nor more than 60 days after the ROFR Asset Expiration Date (subject to extension to the extent necessary to pursue any required regulatory or Partner approvals, including to allow for the expiration or termination of all waiting periods under the HSR Act) unless otherwise agreed by all of the parties to such transaction.
As soon as practicable after the Offer is made, the Acquiring Party will deliver to the Offeree all information prepared by or on behalf of or in the possession of such Acquiring Party relating to the Offered Asset and reasonably requested by the Offeree.
If the Offered Asset is not sold in such time frame or otherwise as aforesaid, then any plan by the Company to sell such Offered Asset shall again be subject to this Section 3(b).
In the event that XX Xxxxx shall have exercised its right to purchase the Offered Asset and XX Xxxxx defaults in the purchase of the Offered Asset on the agreed terms, XX Xxxxx shall be deemed to have waived its rights under this Section with respect to the Offered Asset, and the Company shall thereafter have the right to sell the Offered Asset to any other person without restrictions.
In the event that XX Xxxxx does not exercise its right as aforesaid, the Company shall have the right to sell the Offered Asset to any other person within six (6) months thereafter at not less than 99% of the offered price and otherwise on substantially the same terms and conditions as were offered to XX Xxxxx.
Air Circuit breakers shall be withdraw able type with horizontal draw out carriage.
If such an agreement for a sale of the Offered Asset to a third party in accordance with the preceding sentence is not entered into within the Initial Period, then the First Refusal Right will apply to any sale of all or part of the Offered Asset occurring subsequent to the Initial Period.
If the Offeree decides to purchase the Offered Assets the Offeree shall purchase (or cause any of its permitted Affiliates to purchase) the Offered Asset as soon as commercially practicable after it has provided such notice.
If the ROFR Offered Asset is not so transferred within the applicable time periods specified in this Section 4.8(d), the Series may not sell the ROFR Offered Asset without again complying in full with the provisions of this Section 4.8.