Examples of ROFO Stockholder in a sentence
The ten (10) Business Day period set forth in Section 6.1(b)(ii) shall not begin to run until such dispute is resolved either by an agreement between the ROFO Selling Stockholder and the ROFO Stockholder or by the independent financial advisor.
Should the ROFO Offer Price specified in the Proposed Transfer Notice be payable in property other than cash or evidences of indebtedness, the ROFO Stockholder shall have the right to pay the ROFO Offer Price in the form of cash equal in amount to the fair market value of such property, determined on a per unit basis with respect to each Offered Security.
Delivery of a Proposed Transfer Notice shall constitute an offer by the ROFO Selling Stockholder, irrevocable through and including the ROFO Offer Date to transfer to the ROFO Stockholder, subject to the terms of this Section 6.1, all or any portion of the ROFO Offered Securities, each unit at the ROFO Offer Price and on the other terms and conditions set forth in the Proposed Transfer Notice.
If Parent elects to purchase the ROFO Shares, the ROFO Stockholder must sell, and Parent must purchase, such ROFO Shares by payment of the price designated in the Offer Notice.
If the ROFO Stockholder objects to the ROFO Selling Stockholder’s calculation of the Offer Price and the parties are unable to agree on the calculation of the ROFO Offer Price within seven (7) days after the ROFO Stockholder’s receipt of the Proposed Transfer Notice, the valuation of the fair market value of such property shall be made by an independent financial advisor jointly selected by the ROFO Selling Stockholder and the ROFO Stockholder.
The determination made by such independent financial advisor shall be binding on both the ROFO Selling Stockholder and the ROFO Stockholder and the cost of such valuation shall be shared equally by the ROFO Selling Stockholder and the ROFO Stockholder.
The GSO Stockholders shall notify the Transferring ROFO Stockholder in writing (the “ ROFO Response”) within twenty-one (21) days of its receipt of the ROFO Notice whether the GSO Stockholders have an interest in acquiring any portion of the ROFO Shares and shall include in their ROFO Response the price per ROFO Share that the GSO Stockholders desire to pay (the “Desired Price per Share”).
Terrestrial flora and fauna DescriptionThe terrestrial environment of the proposal area including Cape Riche and the lands between the desalination plant and the Southdown mine is predominantly Mallee- heath with occasional patches of Jarrah–Marri Woodland.
In response to the ROFO Notice dated as of [●] delivered by the Transferring ROFO Stockholder, regarding a proposed Transfer of ROFO Shares as set forth in such ROFO Notice, the undersigned GSO Stockholder(s) hereby confirm(s) [its/their] good faith interest in acquiring [●] ROFO Shares in accordance with the Stockholders Agreement at the following Desired Price per Share: $[●].
At the closing of any Transfer pursuant to this Section 4.2, the Transferring ROFO Stockholder shall deliver to each GSO Stockholder that is purchasing ROFO Shares an assignment agreement and such other appropriate transfer instruments Transferring all of the applicable ROFO Shares to such GSO Stockholder, duly executed, free and clear of any liens or other encumbrances, against delivery of the purchase price therefor.