Acceptance of Preemptive Offer Clause Samples

The Acceptance of Preemptive Offer clause defines the process by which a party may accept an offer made under a preemptive right, typically in the context of share issuances or asset sales. This clause outlines the steps required for a party to formally accept such an offer, including any necessary notifications, timeframes, and conditions that must be met. For example, if a company issues new shares, existing shareholders with preemptive rights must follow the procedure in this clause to purchase their proportional share before the offer is extended to others. The core function of this clause is to ensure that parties entitled to preemptive rights have a clear and fair opportunity to exercise those rights, thereby protecting their interests and preventing dilution or loss of priority.
Acceptance of Preemptive Offer. To accept a Preemptive Offer, in whole or in part, a Purchaser must deliver a written notice to the Company prior to the end of the 15-day Preemptive Offer period, setting forth the portion of the Purchaser’s Pro Rata Amount that such Purchaser elects to purchase (the “Notice of Acceptance”).
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Acceptance of Preemptive Offer. 9 6.3 Closing of Exercise of Preemptive Offer............................................9 6.4 Company Sale of Refused Securities.................................................9 6.5
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Acceptance of Preemptive Offer. To accept a Preemptive Offer, in whole or in part, a New Stockholder must deliver a written notice to the Company prior to the end of the 30-day Preemptive Offer period, setting forth the portion of the New Stockholder's Pro Rata Amount that such New Stockholder elects to purchase (the "Notice of Acceptance").
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Acceptance of Preemptive Offer. Each Employee Shareholder shall have the option, exercisable at any time during the Preemptive Period by delivering written notice of acceptance to the Company (an "Acceptance Notice"), to subscribe for and purchase, on the terms and conditions as set forth in the Preemptive Offer, the number or amount of such New Securities up to his Equity Percentage of the total number or amount of New Securities proposed to be issued. An Employee Shareholder's "Equity Percentage" shall be equal to a fraction, the numerator of which shall be equal to the total number of Shares then owned by such Employee Shareholder, and the denominator of which shall be the total number of Shares then outstanding, in each case including Shares into which any then outstanding shares of preferred stock are then convertible, but without giving effect to any other option, warrant or right to acquire Shares.
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Related to Acceptance of Preemptive Offer

  • Notification of Acceptance of General Offer of Terms Upon execution of Exhibit E, General Offer of Terms, Subscribing LEA shall provide notice of such acceptance in writing and given by personal delivery, or e-mail transmission (if contact information is provided for the specific mode of delivery), or first class mail, postage prepaid, to the designated representative below.

  • Acceptance of Offer 3.1 This agreement constitutes and offer by the Purchaser and shall remain open for acceptance by the Seller or by the Auctioneer on behalf of the Seller, for a period of 14 (Fourteen) day confirmation period after the date of auction and the fall of the hammer (“the confirmation period”). The Purchaser and the Auctioneer acknowledge and agree that this provision is inserted and intended for the benefit of the seller. The offer shall remain irrevocable and open for acceptance by the Seller at any time during the confirmation period. 3.2 The Auctioneer shall inform the purchaser of any higher written offer which is received from a third party during the confirmation period. The Purchaser shall for a period of 24 (twenty- four) hours after having received such notice, have the right to increase the purchase price offered by him to equal the subsequent higher offer, but subject otherwise to all other terms and conditions of the Conditions of Sale. Should the Seller elect to sell the Property for a higher amount and the Purchaser agrees to match the higher offer, then the Seller shall be obliged to accept the said increased offer of the Purchaser. 3.3 The purchaser’s offer shall be deemed to have been accepted only when the Seller or the Auctioneer, whichever may be applicable, has signed this agreement on behalf of the Seller in the space provided at the end of this agreement. 3.4 Should the Seller reject the purchaser’s offer, the Auctioneer will repay any deposit and commission paid to it in terms of this rules of auction or conditions of sale. 3.5 In the event of the sale requiring the consent of any statutory authority or any court of law, then the sale flowing form the auction is subject to the granting of such consent. 3.6 Should the Seller or Auctioneer, as the case may be, accepts the Purchaser’s offer then this agreement will constitute the Conditions of Sale as referred to in the Rules of Auction, to which this agreement forms Annexure “A”, whereby the Seller sells to the Purchaser who hereby purchases the Property on the following terms and conditions:

  • Notification of Acceptance of General Offer of Privacy Terms Upon execution of Exhibit “E”, General Offer of Privacy Terms, Subscribing LEA shall provide notice of such acceptance in writing and given by personal delivery, or e-mail transmission (if contact information is provided for the specific mode of delivery), or first-class mail, postage prepaid, to the designated representative below.

  • Notice of Purchase In the case of a Mandatory Purchase, the Liquidity Provider shall be obligated to purchase all Outstanding VRDP Shares.

  • Acceptance of Purchase Order Contractor’s acceptance of CCI’s Purchase Order shall be accomplished by the earlier of execution of the Purchase Order or commencement of Services or shipment of any Product specified in the Purchase Order.