Examples of Prescribed Price in a sentence
Each such Other Shareholder must purchase that number of Offered Shares by payment of the Prescribed Price (or the price determined by the Valuer where clause 9.7(b) applies) within three (3) Business Days after the notice from the Proposed Transferor.
The Valuer’s valuation will become the Prescribed Price for the purpose of this sub-clause only if lower than the price specified by the Proposing Transferor.
Such Discretionary Prescribed Price Levels shall similarly be set at 500 points above (and/or below) the preceding Automatic/Discretionary Prescribed Price Level.
In all other respects, the Transfer Notice must be unconditional.9.4 Specify if third party offer exists A Transfer Notice must have annexed to it a statutory declaration by the Proposing Transferor as to whether or not the Proposing Transferor has received from any third party (Offeror) a bona fide arm's length offer (which for this purpose includes a firm expression of willingness) to purchase the Offered Shares at or above the Prescribed Price.
Any determination of Fair Value pursuant to this Clause shall be treated as a price agreed between all the members for the purposes of the definition of "Prescribed Price" in Article 26 of the Articles.