Examples of Tag Offer Notice in a sentence
The Promoter Tag Offer Notice shall specify the terms of the proposed sale including the purchase price, details of the proposed purchaser and the proposed Transfer date and specify whether such Transfer by the Investor will result in the transferee acquiring Control of the Company.
Subject to Article 1.1 (c), if the Investor wishes to sell all or part of the Securities held by the Investor in the Company (the "Investor Transfer Securities") to any third party, the Investor shall notify the Promoter in writing of such proposed sale ("Promoter Tag Offer Notice").
In the event no Tagging Shareholder exercises its Tag Along Right within the Tag Acceptance Period, the Tag Seller shall complete the sale of the Transfer Shares to the Tag Purchaser within 90 (ninety) days of the expiry of the Tag Acceptance Period on the same terms and at the same price as specified in the Tag Offer Notice, failing which the procedure set out in this Article 110 shall be repeated.
We continue to diversify our product mix with sales of Elite Access, our innovative variable annuity without guarantees, increasing by 26 per cent and contributing to an increase in the proportion of variable annuities sold without living benefit guarantees to 34 per cent of total variable annuity sales.
In the event that a Tagging Shareholder elects to exercise its Tag-Along Right, it shall deliver a written notice (“ Tag Acceptance Notice”) to the Tag Seller specifying the number of Shares (“Tagged Shares”) the Tagging Shareholder intends to sell to the Tag Purchaser, within 30 (thirty) days from the receipt of the Tag Offer Notice (such period, the “Tag Acceptance Period”).
If, within 120 calendar days after delivery of the Tag-Along Response Notice, the Selling Shareholder(s) have not completed the transfer or sale of its Shares on the same terms and conditions set forth in the Tag Offer Notice, the Selling Shareholder(s) shall return to each Tagging Shareholder any documents in the possession of the Selling Shareholder(s) executed by the Tagging Shareholders in connection with the proposed Tag Sale.
Such notice shall be irrevocable and shall constitute a binding agreement by the Continuing Shareholders to sell the Tag Shares on the terms and conditions (including the Tag Offer Price) set forth in the Tag Offer Notice and at the same time as the sale of the Sale Shares is consummated.
An offer made under Article 25 shall be in writing ( Tag Offer Notice) and shall be open for acceptance for at least 15 Business Days, and shall be deemed to be rejected by any Member who has not accepted it in accordance with its terms within the time period prescribed for acceptance and the consideration thereunder shall be settled in full on completion of the purchase and within 15 Business Days of the date of the offer.
In the event EMC decides to sell all the EMC Shares to the Proposed Transferee, the Promoter Group shall be entitled to sell its entire Equity Shares to the Proposed Transferee.(3) The Promoter Group may (at their sole discretion) elect to participate in the tag process by providing a notice in writing (“ Tag Acceptance Notice”) to EMC within 30 (thirty) days from the receipt of the Tag Offer Notice (“Tag Offer Period”).
If the Tag Offeror does not give a Tag Offer Notice to the Remaining Shareholders within 10 Business Days of receipt of a Tag Offer, the Tag Offeree must not accept the Offer.