Examples of Offered Stock in a sentence
Company shall have the right of first refusal to purchase, by written notice to the Selling Shareholder within ninety (90) days after Company receives a Notice of Sale, all of the Offered Stock at the prices and on the terms of the Bona Fide Offer.
The Closing of the purchase and sale of Offered Stock pursuant to a right of first refusal exercised under this Section 2 shall take place at the principal office of Company (or such other location as may be agreed upon by the Selling Shareholder and Company) within thirty (30) days after a notice to the Selling Shareholder by the Company pursuant to Section 2(a) hereof of Company’s exercise of its right to purchase Offered Stock.
A Notice of Sale shall name the proposed Transferee and specify the number and price or prices per share of Offered Stock and the terms of payment and any other terms or conditions thereof, and shall have attached thereto a copy of the Bona Fide Offer.
At the Closing, the Selling Shareholder shall deliver to the Company the Offered Stock certificates representing such Shares, duly endorsed for Transfer, free and clear of any lien, claim, charge, pledge, security interest or encumbrance whatsoever, and the Company shall deliver to the Selling Shareholder consideration therefore at the price and on the terms of the Bona Fide Offer.
If the Selling Shareholder’s Offered Stock is not Transferred within such 120-day period, such Offered Stock shall thereafter remain subject to all provisions of this Agreement.