Examples of ROFO Recipients in a sentence
The Offer Notice may require that the signing of any sale documentation relating to the Offered Shares to the ROFO Recipients occur on a date that is no less than fifteen (15) days, and no more than thirty (30) days, after the date of the Offer Notice.
If the ROFO Recipients shall fail to elect in accordance with the provisions of this Section 9.4(a)(ii) to make a ROFO Offer, then the ROFO Recipients shall be deemed to have declined to purchase any of the ROFO Offered Interests.
The Offer Notice may require that the consummation of any sale of the Offered Securities to the Company or the ROFO Recipients occur on a date that is no less than 30 days, and no later than 60 days after the date of the Offer Notice (or, if FCC approval or consent is required in connection with the proposed Transfer, no later than the earlier of 30 days after such approval or consent has been obtained and six months after the date of the Offer Notice).
The Company shall, within 15 days from receipt of the Offer Notice, indicate whether or not it has accepted the First Offer by sending irrevocable written notice of any such acceptance to the Offering Holder and the ROFO Recipients indicating the number of Offered Shares to be purchased (the “Acceptance Notice”), and the Company shall then be obligated to purchase such number of Offered Securities on the terms and conditions set forth in the Offer Notice.
Prior to the expiration of such 10 day period, the ROFO Recipient may make a final offer (the "ROFO Offer") to purchase all but not less than all of the Offered Securities on the terms and conditions set forth in the Offer Notice by providing the Offering Holder written notice (the "ROFO Offer Notice") of the ROFO Recipient's intention to purchase the Offered Securities setting forth the price that the ROFO Recipient intends to pay for the Offered Securities (the "ROFO Price").
The number of shares that each ROFO Recipient shall be entitled to purchase upon the exercise of the right of first offer shall be equal to such ROFO Recipient's Pro Rata Portion of the Offered Securities other than those as to which the Company has exercised its option.
The Company shall, within fifteen (15) days from receipt of the Offer Notice, indicate whether or not it has accepted the First Offer by sending irrevocable written notice of any such acceptance to the Offering Holder and the ROFO Recipients indicating the number of Offered Shares to be purchased (the "Acceptance Notice"), and the Company shall then be obligated to purchase such number of Offered Securities on the terms and conditions set forth in the Offer Notice.
In the event the Company elects not to purchase any or all of the Offered Securities, the ROFO Recipients shall have the right to purchase a number of shares equal to such ROFO Recipient's Pro Rata Portion of the Offered Securities other than the Company Elected Shares, if any.
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The Offer Notice may require that the consummation of any sale of the Offered Securities to the ROFO Recipients occur on a date that is no less than 30 days, and no later than 60 days, after the date of the Offer Notice.