Examples of Second Offer Notice in a sentence
Upon the timely delivery of an Acceptance Notice, the Transferring Investor and Ctrip and/or Xxxxxxxx shall use their best efforts to consummate, within forty-five (45) days after the date of the First Offer Notice or the Second Offer Notice (as the case may be), the purchase and sale of the ROFO Shares.
If Tenant notifies Landlord that Tenant elects not to lease the Available ROFR Premises on the terms and conditions set forth in the Second Offer Notice, or if Tenant fails to notify Landlord of Tenant’s election within the· seven (7) business day period described above, then Landlord shall have the right to consummate the lease of the Available ROFR Premises on any terms Landlord desires.
Tenant shall deliver to Landlord the Second Offer Notice in the same manner as the First Offer Notice.
Upon the timely delivery of an Acceptance Notice, the Transferring Investor and Xxxxxxxx shall use their best efforts to consummate, within forty-five (45) days after the date of the First Offer Notice or the Second Offer Notice (as the case may be), the purchase and sale of the ROFO Shares.
If the Company elects to make the offer pursuant to the preceding sentence, the Company shall deliver a notice of such election (the "Second Offer Notice" and, together with the Initial Offer Notice, the "Offer Notices") to the Restricted Group.
Upon delivery of the Second Offer Notice, the offer contained therein shall be irrevocable until lapse of the two business-day period referenced in the next 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.
Within ten (10) calendar days after receipt of the Second Offer Notice, each Subscribing Shareholder shall give written notice to the Company specifying the number of unsubscribed Later Securities that such Subscribing Shareholder elects to purchase, and the Company shall sell such number of Later Securities to such Subscribing Shareholder promptly after receipt of such notice.
If the Dilution Instruments, or any of them, referred to in the Second Offer Notice are not elected to be subscribed to by any of the Existing Shareholders, then such Dilution Instruments may be offered by the Company to any other party on the terms and conditions which are not more favourable than offered to the Investors in the Offer 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").