Examples of Refusal Period in a sentence
This Agreement shall remain in full force and effect until expiration or termination of the Guaranty Agreement and thereafter until the expiration of the Right of First Refusal Period (under Section 2.03 hereof) of all EDUCATION ONE Loans guaranteed pursuant to the Guaranty Agreement.
Such right shall be exercisable by delivery of written notice to the Owner prior to the expiration of the First Refusal Period.
Once the Right of First Refusal Period for an EDUCATION ONE Loan has expired, Bank One shall be under no further obligation to offer such EDUCATION ONE Loan to FMC (or a Purchaser Trust) for purchase.
If the Shares are not purchased by the Company by the end of the Refusal Period, the selling Shareholder will have 60 days (the “Transfer Period”) following lapse of the Refusal Period to dispose of the Shares to the transferee identified in the Bona Fide Offer on terms no more favorable to the transferee than those offered to the Company.
Once the Right of First Refusal Period for a Bank of America DTC Loan has expired, Program Lender shall be under no further obligation to offer such Bank of America DTC Loan to FMC (or a Purchaser Trust) for purchase.