Examples of Stockholder Option Period in a sentence
If the Founding Stockholder accepts the offer to purchase all of the Offered Shares, the closing for such purchase of the Offered Shares by the Founding Stockholder shall take place within fifteen (15) business days following the expiration of the Founding Stockholder Option Period, at the offices of the Company or on such other date or at such other place as may be agreed to by the Transferring Stockholder and the Founding Stockholder.
If the Founding Stockholder fails to elect to purchase all of the Offered Shares under this Section 2.3(b) within the Founding Stockholder Option Period, the Transferring Stockholder shall so notify the remaining Company promptly (the “Additional Offer Notice”), which Additional Offer Notice shall identify the portion of the Offered Shares that the Founding Stockholder has failed to purchase (the “Remaining Shares”).
Each Remaining Stockholder may exercise such right only by giving written notice of exercise to the Affected Stockholder (each, an “Acceptance”), with a copy to the Company, during the Stockholder Option Period.
If the Company and the Identified Stockholders do not elect to purchase any of the Investor Offered Shares, the Investor shall be permitted to Transfer such Investor Offered Shares which the Company and the Identified Stockholders do not elect to purchase to the original transferee named in the Transfer Notice, upon the original terms set forth in the Investor Transfer Notice, within forty-five (45) days following the termination of the Stockholder Option Period.
The closing for any purchase of Shares by the Offeree Stockholders under this Section 3.03(c) (along with the purchase by the Company of any Shares under paragraph (b) above if the Company is purchasing less than all of the Offered Shares) shall take place within thirty (30) days following the expiration of Stockholder Option Period, at the offices of the Company or on such other date or at such other place as may be agreed to by the Transferring Stockholder and the purchasing Offeree Stockholders.
The closing for any purchase of shares by the Major Stockholders hereunder shall take place within fifteen (15) Business Days after the expiration of each Major Stockholder Option Period.
The closing of the purchase by the Stockholders of Remaining Shares pursuant to Section 1.2 shall take place at 9:00 a.m. on the third business day after the end of the Stockholder Option Period, at 380 Lexington Ave., New York, New York, or at such other time xx xxxxx xx xxx Xxxxxxxxxxxx xxx Xxxxx and Navigator may mutually agree.
If the Corporation and/or the Preferred Stockholders do not elect to purchase all of the Offered Shares by the end of the Preferred Stock Option Period, then the remaining Offered Shares may be Transferred; provided that such Transfer is consummated within three (3) months from the end of the Preferred Stockholder Option Period and provided further that such Transfer is consummated on substantially identical terms as those set forth in the Notice given to pursuant to Section 10A.2(a).
Each Major Stockholder shall have the right to accept the Proposed Transaction by giving notice of such acceptance to the Transferring Stockholder within the Major Stockholder Option Period, which notice shall indicate the maximum number of shares subject thereto which such Major Stockholder is willing to purchase in the event fewer than all the Major Stockholders elect to purchase their ROFR Fractions.
As soon as practicable following the expiration of the Stockholder Option Period, and in no event later than five (5) days thereafter, the Transferring Stockholder shall provide notice to each Offeree Stockholder (the "Co-Sale Notice") of its right to participate in the Transaction Offer on a pro rata basis with the Transferring Stockholder (the "Co-Sale Option").