Examples of Tag Offeree in a sentence
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.
If the Tag Purchaser fails to purchase shares from any Tag Offeree that has properly exercised its Tag-Along Rights as set forth herein, then the Tag-Initiating Seller shall not be permitted to consummate the proposed sale and any such attempted sale shall be null and void ab initio.
Each Tag Offeree shall agree (A) to make the same representations, warranties, covenants, indemnities and agreements to the Tag Third Party Transferee as made by the Tag Transferor in connection with the Tag-Along Sale and (B) to the same terms and conditions to the Tag-Along Sale as the Tag Transferor agrees.
Each Tag Offeree shall have the right (the “Tag-Along Right”) for 20 days from the delivery of the Tag-Along Notice (the “Tag-Along Option Period”) by the Company to such Shareholder to elect to participate in the Tag-Along Sale.
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.
Any Tag Offeree electing to participate in the Tag-Along Sale shall give the Company written notice thereof (the “Tag Election Notice”) within the Tag-Along Option Period.
The term “affordability requirements” means any requirement that one or more dwelling units within a building receiving benefits under section 421-a of the real property tax law be occupied by or available for occupancy by individuals or families whose incomes at the time of initial occupancy do not exceed a certain threshold.Department.
For such purpose, the Remaining Shareholder must immediately deliver to the Tag Offeree the certificates in respect of its Shares which are to be sold together with a duly executed share transfer form to effect the transfer.
If the principal terms of the proposed Tag-Along Sale change with the result that the per share price shall be less than the minimum per share price set forth in the Tag-Along Notice or the other principal terms shall be materially less favorable to the Tag Offerees than those set forth in the Tag-Along Notice, each Tag Offeree shall be permitted to withdraw the offer contained in the applicable Tag Election Notice and shall be released from the Tag Offeree’s obligations thereunder.
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.