Examples of ROFR Exercise Period in a sentence
To exercise the right to purchase the ROFR Shares, the Preferred New Investor(s) must timely deliver written notice to the Investor within the ROFR Exercise Period confirming the irrevocable commitment of the Preferred New Investor(s) to purchase all of the ROFR Shares for the ROFR Price and subject to the ROFR Terms.
To exercise its Right of Co-Sale, the Co-Sale Eligible Holder must give the Transferor written notice to that effect within fifteen (15) calendar days (the “Co-Sale Period”) after the expiration of the Eligible Holders’ ROFR Exercise Period as provided in Section 6.2(b), and upon giving such notice the Co-Sale Eligible Holder shall be deemed to have effectively exercised the Right of Co-Sale.
If Purchaser does not deliver a ROFR Notice within the ROFR Exercise Period as to all the Offered Shares, the Seller may Transfer the Offered Shares that Purchaser has not elected to purchase, during the thirty (30) day period after the expiration of the ROFR Exercise Period, for the Offered Price per Share and on the other terms set forth in the Transfer Notice and not otherwise.
If Buyer desires to accept the ROFR Offer, it shall give written notice (a “Notice of Election”) to the Company of its intent to accept such ROFR Offer during the ROFR Exercise Period.
The failure of Buyer to give a Notice of Election to the Company by the end of the ROFR Exercise Period shall constitute a waiver of Buyer’s right of first refusal under this Section 5 with respect to the Company Interests subject to the applicable ROFR Notice, but shall not affect its rights with respect to any future ROFR Notice.