Examples of Rejected Shares in a sentence
If any Offeree entitled to give the said additional notice does not do so, the Rejected Shares that he had been entitled to purchase may instead be purchased by the Offerees who did give such notice, and so on from time to time until the Offerees are willing to purchase all of the Offered Shares or until they are not willing to purchase any more.
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To the extent that the Transferring Party has not Transferred all of such Rejected Shares within the Rejected Share Transfer Period, such Transferring Party shall again comply with the provisions of this Section 4.1 prior to Transferring such Standstill Shares which were not so Transferred.
If any Offeree entitled to give the said additional notice does not do so, the Rejected Shares that it had been entitled to purchase may instead be purchased by the Offerees who did give such notice, and so on from time to time until the Offerees are willing to purchase all of the Offered Shares or until they are not willing to purchase any more.
In the event that not all of the Registrable Securities requested to be included by the Demand Shareholders in the Demand Registration are included, those Shareholders holding shares that are not so included (the "Rejected Shares") shall be entitled to a second Demand Registration in the manner described in this Section 2 with respect to the Rejected Shares.
The Rejected Shares shall be subject to the options granted to the Offeree Members pursuant to Section 9.2(c) below.
The Rejected Shares shall be subject to the options granted to the Offeree Stockholders pursuant to Section 3.03(c) below.
If the Company fails to purchase the Offered Shares by exercising its option under this Section 3.03(b) within the period provided, the Transferring Stockholder shall so notify the Offeree Stockholders promptly (the "Additional Offer Notice"), which Additional Offer Notice shall identify the Offered Shares that the Company has failed to purchase (the "Rejected Shares").
If the LLC fails to elect to purchase all of the Offered Shares by exercising its option under this Section 9.2(b) within the period provided, the closing for such purchase of the Offered Shares by the LLC shall take place pursuant to Section 9.2(c) below, and the Transferring Member shall notify the Offeree Members promptly (the "Additional Offer Notice"), which Additional Offer Notice shall identify the Offered Shares that the LLC has failed to elect to purchase (the "Rejected Shares").
In case of any Rejected Shares being available after issue and allotment to the Other Shareholders in proportion to their respective Share holding in ESTEL as on the date of offer of Rejected Shares to them (the "Surplus Shares"), such Surplus Shares shall be issued and allotted to such of the Other Shareholders who had applied for additional Shares in proportion to their existing Share holding as on the date of offer pursuant to Clause 8.3.1.