Examples of Purchase Offeror in a sentence
To the extent that any Purchase Offeror prevents such assignment or otherwise refuses to purchase shares from the Investor, the Principal Stockholder(s) shall not sell to such Purchase Offeror unless and until, simultaneously with such sale, the Principal Stockholder shall purchase such shares from the participating Investor.
In the event of a Prohibited Transfer, the Investor shall have the right to sell to the selling Principal Stockholder(s) a number of shares of Common Stock (either directly or through delivery of convertible Preferred Stock) equal to the number of shares the Investor would have been entitled to transfer to the Purchase Offeror in the Prohibited Transfer pursuant to the terms hereof.
As a condition to making an Election Notice and being eligible to participate in a Transfer, each Co-Seller shall represent and warrant to the Purchase Offeror with respect to the Tag-Along Shares being disposed of by such Co-Seller that the transferee of the Tag-Along Shares (or interests therein) is receiving such Tag-Along Shares (or interests therein), free and clear of all pledges, security interests or other liens created by such Co-Seller.
The number of Tagalong Shares which the Noncontrolling Shareholder may request the Controlling Shareholders to transfer to the Purchase Offeror pursuant to the Tagalong Notice shall not exceed a number equal to (i) the quotient of the number of Offered Shares divided by the number of all Shares held by the Noncontrolling Shareholders multiplied times; (ii) the number of Shares held by the Controlling Shareholder.
Each Noncontrolling Shareholder shall have the right to give notice (a “Tagalong Notice”) to the Managing Shareholder and to the Controlling Shareholders requesting that the Controlling Shareholders cause a number of that Noncontrolling Shareholder’s Shares to be transferred to the Purchase Offeror at the same price and on the same terms and conditions as contained in the Offer Notice.
Should any of the Principal Stockholders propose to accept one or more bona fide offers (collectively, a "Purchase Offer"), from any persons to purchase shares of the Company's Common Stock from such Principal Stockholder (a "Purchase Offeror"), then the Principal Stockholder or Principal Stockholders shall promptly notify the Investor in writing of the terms and conditions of such Purchase Offer.
The Controlling Shareholders shall not be obligated to transfer any of the Noncontrolling Shareholder’s Shares to the Purchase Offeror, but if the Controlling Shareholders do transfer any Shares, then the Controlling Shareholders must include the Tagalong Shares in the transfer.
After Participant completes the Qualifying Purchase, Offeror will send, via email, a Participation Certificate with a unique serial number, name of Participant, and the amount and time period that Participant has elected to receive his/her Check.
In the event of a Prohibited Transfer, the Investors shall have the right to sell to the selling Transferor or Transferors a number of shares of Common Stock (either directly or through delivery of Preferred Stock) equal to the number of shares the Investors would have been entitled to transfer to the Purchase Offeror in the Prohibited Transfer pursuant to the terms hereof.
If a Transferring Stockholder desires to sell his Common Stock to a third party, it will provide Franklin with written notice (the "NOTICE OF TRANSFER") setting forth (i) his bona fide intention to sell such Common Stock, (ii) the number of such shares of Common Stock to be sold, and (iii) the price and terms upon which he proposes to sell such shares of Common Stock; (iv) the name and address of the prospective transferee (the "Purchase Offeror"); and (v) the expected closing date of the transaction.