Examples of Second Offer Notice in a sentence
Each Second Round Offeree shall have the right, exercisable for a period of ten (10) Business Days from the date of delivery of the Second Offer Notice (the “Second Offer Period”), to purchase, pro rata based on the total number of Series A Shares and Series B Shares owned by such Second Round Offeree of the outstanding Series A Shares and Series B Shares owned by all of the Second Round Offerees, the balance of such Offered Shares on the terms and conditions set forth in the First Offer Notice.
Tenant shall deliver to Landlord the Second Offer Notice in the same manner as the First Offer Notice.
Notwithstanding anything herein to the contrary, Landlord may not enter into such third party lease at a net effective rent of less than ninety percent (90%) of the net effective rent set forth in the most recent Second Offer Notice to Tenant with respect to such portion of the Second Expansion Space without first offering to lease to Tenant such portion of the Second Expansion Space at such net effective rent being offered to such third party.
At any time during the five (5) day period following the date that the Second Offer Notice was given, any Participating Shareholder may notify the Selling Shareholder by written notice that he is exercising his rights to purchase all or part of the Remaining Shares on the terms and conditions as specified in the Offering Notice.
If Molex has not elected to purchase all of the Offered Shares, the Transferring Stockholder shall provide written notice to each of the Other Stockholders within five days after the expiration of the First Election Period (the "Second Offer Notice").
The purchase price specified in any First Offer Notice or Second Offer Notice shall be payable solely in cash at the closing of the transaction, and no Stockholder Shares may be pledged.
If Tenant fails to accept such new offer as set forth in the Second Offer Notice within such 10-day period, Tenant shall have waived such offer set forth in the Second Offer Notice, time being of the essence, and Landlord shall be free to rent the applicable First Offer Space on the terms set forth in such Second Offer Notice or on any greater monetary terms than the terms set forth in said Second Offer Notice.
The Stockholders (other than the Non-Interested Stockholders) shall have the right and option, for a period of 15 days after receipt of a Section 3 Second Offer Notice, to accept all or any part of its Proportionate Percentage of Stock so offered at the terms stated in the Section 3 Second Offer Notice by delivering written notice of acceptance to the Selling Group within said 15-day period.
In the event that the Company does not deliver an Acceptance Notice within 20 days of receipt of the Offer Notice, the Investor shall offer (the "Second Offer Notice") the Offered Securities to the remaining Investors and the Management Stockholders on a pro rata basis.
The Company shall have fifteen (15) days (after which the right and option to purchase the Available Shares will expire unless extended to the next succeeding Business Day as provided below) from the date on which the Second Offer Notice is given to purchase all or a portion of the Remaining Available Shares for a cash purchase price per share equal to the Sale Price and upon terms and conditions no less favorable to the Selling Shareholder than the Terms.