Examples of Remaining Owners in a sentence
The closing of any Transfer pursuant to the exercise of the Right of First Refusal shall occur within sixty (60) days after the delivery of the Transfer Notice to the Remaining Owners.
Such Notice shall contain the approximate proposed date of disposition of such Transfer Share, the terms and conditions of the disposition to the Proposed Transferees, and the terms and conditions under which such Owner would sell such Transfer Share to the Remaining Owners (including, without limitation, the right to purchase for cash), which shall be at least as favorable to the Remaining Owners as the terms and conditions offered by the Proposed Transferee.
The Owner desiring to dispose of its Transfer Share shall also provide the Remaining Owners with a copy of any bona fide offer, which the departing Owner desires to accept.
If that situation cannot be remedied within 180 days after the Triggering Event occurred, then, at the end of that 180-day period, Corporation's obligation to purchase and pay for any such Stock shall be assumed proportionately by the Remaining Owners.
In the absence of any such written agreement, these Remaining Owners shall share the Death Option in accordance with the percentage of the Interests of each Remaining Owner in the class of Interests as the Deceased Owner as of the date of commencement of the Death Options pursuant to Section 2.01(a) shall bear to the total percentage Interests of all Remaining Owners of the same class of Interests as the Deceased Owner as of the date of commencement of the Death Options who exercise the Death Option.
The Remaining Owners shall have the first right (“Right of First Refusal”), exercisable within twenty (20) days after receipt of the Transfer Notice by delivery of notice to the Selling Owner, to consummate the Transfer on the terms and conditions stated in the Transfer Notice.
If the Remaining Owner(s) fails to exercise the Death Option within the one hundred eighty (180) day time period, then the Entity shall purchase the Interests of the Deceased Owner and his Spouse within ninety (90) days of the end of the Death Option Period or receipt of notice of all of the Remaining Owners’ decisions not to exercise the Death Option, whichever first occurs, to purchase all of the Interests of the Deceased Owner and his Spouse.
The ratings graphic of Figure 1 shall be oriented on the tire tread surface with lines of type running perpendicular to the tread circumference.
Corporation shall have the option to --------------------- purchase all or any shares of the Stock owned by the Affected Owner on the date the Triggering Event occurred, for the Purchase Price (as defined in Section 8) and on the Payment Terms (as defined in Section 9), by giving notice, within 60 days after the date of the Notice, to the Affected Owner (or his personal representative) and to the Remaining Owners of the exercise of its option.
If Corporation is prohibited by law or agreement from purchasing and paying for any such Stock, then the Remaining Owners shall use their reasonable best efforts to remedy that situation provided that the Remaining Owners shall not be required to contribute capital or loan funds to remedy the situation.