Examples of Tag Offer Notice in a sentence
The Rights Party must elect whether to accept the offer set out in the Tag Offer Notice by the Offeror within ten (10) days of the date of such offer (the “Tag Period”) by executing and delivering a written notice to the Selling Party and the Offeror.
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.
If a Remaining Shareholder gives a Tag Along Notice, the Tag Offeree must procure the simultaneous sale of that Remaining Shareholder's Shares on the terms and conditions referred to in the Tag Offer Notice.
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").
The Transferring Shareholder shall ensure that the Third Party Transferee purchases from the Tag Shareholders, the Tag Securities (as defined below) at the price and on terms and conditions mentioned in the Tag Offer Notice (“Tag Right”) simultaneously with the purchase of the Promoter Sale Shares.
If a Tag Offer Notice is given, within 10 Business Days following receipt of the Tag Offer Notice, any Remaining Shareholder can by written notice require the Tag Offeree to procure that an equal Sale Percentage of that Remaining Shareholder's Shares are purchased by the Tag Offeror (Tag Along Notice) at the same price and otherwise on the same terms specified in the Tag Offer Notice.
If, despite the Tag Offeree’s reasonable endeavours, the Tag Offeror refuses to purchase the Shares specified in the Tag Long Notice, then the Tag Offeree must not transfer any Shares which are the subject of the Tag Offer Notice to the Tag Offeror and each Tag Along Notice lapses.
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.