Examples of ROFO Securities in a sentence
If the Company has not sold such ROFO Securities within such 120-day period, the Company shall not thereafter sell, offer or issue any ROFO Securities, without first again giving a ROFO Notice to the ROFO Holders in the manner provided in Section 5.15(b).
In the event that the Exercising ROFO Holders deliver a First Binding Offer during the ROFO Period, and such First Binding Offer is accepted by the Company, then the closing of such issuance of ROFO Securities shall take place according to the terms and conditions of such First Binding Offer or as otherwise agreed to between the Company and the Exercising ROFO Holders.
For a period of 120 days after the expiry of the ROFO Period (inclusive), the Company may sell any ROFO Securities to any Person upon terms and conditions that, in the reasonable determination of the Company, are not less favorable to the Company than those specified in the First Binding Offer (after taking into account only the price, the amount, the seniority and the redemption feature of the ROFO Securities being offered to such Person).
For sake of avoidance of doubt, it is clarified that in the event any such Third Party(ies) make an offer for a less number of Promoter ROFO Securities than offered to the Investor under Article 7.1.10(a), then the Promoters and/or the Existing Shareholders shall be obligated to re-offer such lower number of Promoter ROFO Securities to the Investor and the procedure laid out in Article 7.1.10 (a) to (g) shall apply mutatis mutandis.
It shall specify the cash price at which the Investor proposes to purchase all, but not less than all, the Promoter ROFO Securities in accordance with Applicable Law (the “ Promoter ROFO Price”) and the time period within which the sale and purchase of Promoter ROFO Securities shall be completed; and (i) It shall contain an unconditional offer to acquire the Promoter ROFO Securities from the Promoters and/or the Existing Shareholders at the Promoter ROFO Price.
It shall specify the cash price at which the Promoters and the Existing Shareholders propose to purchase all, but not less than all, the ROFO Securities in accordance with Applicable Law (the “ ROFO Price”) and the time period within which the sale and purchase of ROFO Securities shall be completed; and(i) It shall contain an unconditional offer to acquire the ROFO Securities from the Investor at the ROFO Price.
In one village, 35 out of 42 households have RBC while in the other village only 20 out of 53 households have RBC.
Without prejudice, and subject at all times, to Article 7.1.9, if the Promoters and/or the Existing Shareholders propose to Transfer any or all of their Securities (“ Promoter ROFO Securities”) as provided in Article7.1.9 above, the Promoters and/or the Existing Shareholders shall invite the Investor by way of a written notice, to offer a price for the number of Promoter ROFO Securities specified therein (the “Promoter ROFO Notice”).
Each ROFO Notice shall include wire transfer or other instructions for payment of any consideration for the ROFO Securities.
Within a period of 15 (fifteen) days of receiving the ROFO Notice (the “ ROFO Notice Period”), the Promoters and Existing Shareholders, jointly and severally, may make a binding irrevocable offer to purchase all, but not less than all, the ROFO Securities by way of a written notice to the Investor (the “ROFO Offer Notice”) or alternatively, send a written notice declining the offer under the ROFO Notice.