Examples of Offeree Notice in a sentence
The failure of the Tag-Along Offeree to deliver an Offeree Notice to the Tag-Along Initiator within the Tag-Along Acceptance Period shall be deemed to be an automatic refusal of the Tag-Along Offer.
In the event the Offeree exercises the option described in Section 11.6(b)(1), the Offeree shall deliver the Buy-Sell Notice Check to Escrow Agent, who shall promptly deposit the Buy-Sell Notice Check in its escrow account and shall hold such deposit pursuant to an escrow agreement to be entered into promptly following the Offeree Notice among the Offeror, the Offeree and such Escrow Agent in a form reasonably required by Escrow Agent and reasonably acceptable to Offeror and Offeree.
In the event that the Offer is accepted by the Corporation, the Offeree Notice shall fix a closing date (the "Transfer Closing Date") for such purchase which shall be neither earlier than ten (10) nor later than ninety (90) Days after the expiration of the Offer Period.
At any time during the Offer Period, the Corporation may accept the Offer by giving written notice to the Transferor of such acceptance (the "Offeree Notice").
If an Offeree fails to timely deliver an Offeree Notice to the Offeror, it shall be deemed to have waived any right to participate in the Offer.
The closing of the acquisition and sale pursuant to this Section 15.1 shall be held on a mutually acceptable date (the “Closing Date”) not later than sixty (60) days (or, if the Offeree is the acquiring Member, not later than ninety (90) days) after the date of the Offeree Notice or, if the Offeree does not timely provide the Offeree Notice, not later than sixty (60) days after the expiration of the Response Period, as applicable.
Within five (5) business days after the delivery of the Offeree Notice or, if the Offeree does not timely provide the Offeree Notice, within five (5) business days after the expiration of the Response Period, as applicable, the acquiring Member shall deposit with a mutually acceptable third-party escrow agent an exxxxxx money deposit in the amount of two percent (2%) of the Valuation Amount, which amount shall be applied to the purchase price at closing.
If the Initial Offeree has not elected to purchase all the Offered Shares within such thirty (30) day period (or ten (10) day period, if applicable), each of the Secondary Offerees shall have fifteen (15) days from the later of the date of the Initial Offeree Notice or the date of the determination of all non-cash parts of the Third Party Price to give written notice to the Transferor of their respective elections to purchase the remaining Offered Shares.
If the Offerees in a Primary Offering or the Secondary Offerees in a Secondary Offering have not elected to purchase all the Offered Shares within the applicable election period, each Offeree or Secondary Offeree, as applicable, shall have an additional seven (7) days from receipt of the Offeree Notice or the Secondary Offeree Notice, as applicable, to elect to purchase the remaining Offered Shares.
If Minto Delaware does not provide an Offeree Notice to Inland within such 60 day period, Minto Delaware shall be deemed to have declined to exercise its rights under this Section 10.2.