Remaining Owners definition
Examples of Remaining Owners in a sentence
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.
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.
Within 15 days after the occurrence of any -------------------- Triggering Event, the Affected Owner (or his personal representative) shall give notice of the occurrence ("Notice") to Corporation and the other Owners (sometimes referred to as "Remaining Owners").
Himalaya may sell any Offered interests not purchased by the Buyer and/or the Remaining Owners to a Third Party Purchaser at the price and in accordance to the terms in the Notice to Transfer.
The Remaining Owners shall have the -------------------------- option to purchase all or any shares of the Affected Owner's Stock ("Remaining Stock") that was not purchased by Corporation in accordance with Section 5.1(a), for the Purchase Price and on the Payment Terms.
If the Company and/or the Remaining Owners elect to purchase less than all of the Offered Interests, the Offering Owner may sell (Check one) ☐ the Offered Interests to the Third Party Purchaser at the price and in accordance to the terms in the Notice to Transfer ☐ any Offered Interests not purchased by the Company and/or the Remaining Owners to the Third Party Purchaser at the price and in accordance to the terms in the Notice to Transfer.
If any Remaining Owner fails to give timely notice or declines to purchase its proportionate interest, the other Remaining Owners shall have the option to purchase that Remaining Owner’s proportionate interest of the Offered Interests, in proportion to their respective ownership interests of the outstanding Interests.
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.
New Contract Amount $ 544,900.00 District Allowance $ 39,400.00 Modification 2 $ 15,191.00 Remaining Owners Allowance $ 24,209.00 Final Contract Amount $ 584,300.00 TERMS & CONDITIONS: This Modification is subject only to the terms and conditions of the above referenced Agreement.