Examples of Outside Offer in a sentence
The Investors shall be free to transfer such portion of the Drag-Along Shares as belonging to them to the Drag-Along Purchaser under the terms of the Outside Offer.
The Remaining Shareholders shall be bound, in such event, to sell along with the Investors, such quantum of their Shares, on the same terms of the Outside Offer as may be required to enable the Investors to complete the transaction as agreed with the Drag-Along Purchaser.
The Investors shall obtain a written offer from the third party purchaser (the "Drag-Along Purchaser") detailing therein the terms upon which the Drag- Along Purchaser is willing to purchase all the Drag Along Shares (the "Outside Offer").
The Outside Offer shall set forth its date, the proposed purchase price, the number of shares of Common Stock proposed to be purchased, and the other terms and conditions upon which the purchase is proposed to be made, as well as the name and address of the Prospective Purchaser.
The Selling Stockholder shall transmit copies of the Outside Offer to the Company and Sun within five (5) days after the Selling Stockholder’s receipt of the Outside Offer.
If Licensor receives from Licensee before expiration of the Evaluation Period a written offer that meets each of the terms of the Outside Offer or is more advantageous to Licensor than the Outside Offer (a "Qualifying Licensee Offer"), then Licensor shall either (a) reject the Outside Offer, or (b) accept the Qualifying Licensee Offer.
For a period of ten (10) days after such deemed offer by the Selling Stockholder to Sun, Sun shall have the option, exercisable by written notice to the Selling Stockholder, to accept the Selling Stockholder’s offer, in whole and not in part, as to the Selling Stockholder’s shares of Common Stock that are the subject of the Outside Offer.
If Licensee receives from Licensor before expiration of the Evaluation Period a written offer that meets each of the terms of the Outside Offer or is more advantageous to Licensee than the Outside Offer (the "Qualifying Licensor Offer"), then Licensee shall either (a) reject the Outside Offer, or (b) accept the Qualifying Licensor Offer.
For a period of ten (10) days after such deemed offer by the Selling Shareholder to Sun, Sun shall have the option, exercisable by written notice to the Selling Shareholder, to accept the Selling Shareholder’s offer, in whole and not in part, as to the Selling Shareholder’s shares of Common Stock that are the subject of the Outside Offer.
If a Qualifying Licensee Offer is not received within the Evaluation Period, then the Right of First Refusal shall expire, and Licensor shall be free to accept the Outside Offer.