Examples of ROFR Shareholders in a sentence
The A Shareholders may appoint their Affiliates by notice in writing deposited with the Secretary3 to exercise their rights under Bye-laws 73 to 83, in which case such Affiliates shall be deemed to be ROFR Shareholders for the purposes of such Bye-laws.
To the extent any approvals or authorisations from (or filings or applications to) any governmental authority are required in connection with the transfer of the Transfer Shares pursuant to Bye-laws 73 to 83, the ROFR Shareholders shall, acting reasonably, nominate a ROFR Completion Date, from time to time, which enables such approvals or authorisations to be obtained (or filings or applications to be made) accordingly.
If such Transfer is not consummated pursuant to this Bye-law 79(b)(iii) within such 45-day or 55 day-period (as applicable), such Transfer to the relevant Permitted Third Party shall not be completed unless such Unrestricted Transfer Shares are first re-offered to the ROFR Shareholders in accordance Bye-laws 73 to 83 by delivering a new Transfer Notice.
Bye-laws 88 to 93 shall apply in respect of the transfer of the relevant Transfer Shares from the Transferring Shareholder to the ROFR Shareholders.
For the avoidance of any doubts, should the ROFR Shareholders elect to exercise their Right of First Refusal, the Transferor shall not be entitled to sell the Sale Share to the Original Buyer.
After the lapse of this period or in a moment of material deviation of the terms of transfer of the Sale Share from those proposed by the Original Buyer the Right of First Refusal of the ROFR Shareholders shall renew.
Should the ROFR Shareholders elect to propose at least the same terms as proposed by the Original Buyer to the Seller under Clause (d) above, the Seller shall be obliged to transfer the Sale Share to the ROFR Shareholders in accordance with the terms of such offer within the next 30 (thirty) business days.
If the Seller (i) fails to transfer the Sale Share within 30 (thirty) business days to the ROFR Shareholders or (ii) if the terms of transfer of the Sale Share to the ROFR Shareholders deviate from those proposed by the Original Buyer, the Seller is in breach of this Agreement and the Sale Share shall again become subject to the provisions of this Clause 7.
Should the ROFR Shareholders confirm their decision not to exercise their Right of First Refusal or fail to give notice to the Seller of their decision, the Seller shall be entitled to transfer the Sale Share to the Original Buyer on the terms as proposed by the Original Buyer within the next 3 (three) months from the receipt of the notice of ROFR Shareholders, or lapse of the 30 (thirty) business days period under Clause 7.1(c) hereof.
Not because of love or compassion but because he’s sick and his life needs to be changed.