Examples of Subject Stock in a sentence
Such offer will be made by an irrevocable written offer (the” Transfer Offer Notice”) to Transfer all of the Subject Stock and will contain a complete description of the transaction in which the Transferring Stockholder proposes to Transfer the Subject Stock, including the name of the proposed Transferee (including any significant beneficial owners thereof) and the consideration specified.
The Non-Transferring Stockholders will have thirty (30) days (the “Transfer Offer Period’’) after actual receipt of the Transfer Offer Notice within which to advise the Transferring Stockholder whether or not they will acquire their pro rata portion of the Subject Stock upon the terms and conditions contained in the Transfer Offer Notice.
If, within the Transfer Offer Period, one or more Non- Transferring Stockholders elects to acquire the Subject Stock, then such Non-Transferring Stockholder or Stockholders will close such transaction no later than the later to occur of (A) the closing date set forth in the Transfer Offer Notice or (B) sixty (60) days after the last day of the Transfer Offer Period.