Acceptance of Third Party Offer Clause Samples

The "Acceptance of Third Party Offer" clause defines the conditions under which a party may accept an offer from an external party, typically in the context of a right of first refusal or similar arrangement. This clause outlines the process that must be followed, such as notifying the original contracting party and providing them an opportunity to match the third party's offer before proceeding. Its core function is to ensure fairness and transparency in transactions involving potential third-party agreements, while protecting the interests of the original parties by giving them a chance to respond to external offers.
Acceptance of Third Party Offer. If within the said 30 days the Other Shareholders have not accepted or have merely partially accepted the Transferor’s Offer, such Offer will be considered as rejected as a whole and the Transferor may accept the Third Party Offer and complete the transfer with the Offeror and the Shareholders and T.F.M. will take all steps and proceedings requisite to have the Offeror entered on the books of T.F.M. as a shareholder of T.F.M. and to execute and deliver a shareholders’ agreement in replacement of this Agreement.
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Acceptance of Third Party Offer. If SLANG does not exercise its option for the Territory in question before the expiration of the time period set out in Section 4(b), then GHNA shall be free to discuss and negotiate with such third party and, subject to the provisions of this Section, enter into a license with such third party for the use of one or more of the GHSC Trademarks and/or to commercialize one or more of the GHSC Genetics and its 33918709_9|NATDOCS associated Intellectual Property Rights in the subject Territory, on terms and conditions acceptable to GHNA. Any license with such third party shall be limited to the Territory for which SLANG did not exercise its option and shall contain provisions for the protection of SLANG in respect of the markets outside of the subject Territory, whether or not any such other Territories are then subject to a license with SLANG.
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Related to Acceptance of Third Party Offer

  • Acceptance Process All deliverables must be received and accepted in writing by Department’s Grant Manager before payment. The Grantee shall work diligently to correct all deficiencies in the deliverable that remain outstanding, within a reasonable time at Grantee’s expense. If Department’s Grant Manager does not accept the deliverables within 30 days of receipt, they will be deemed rejected.

  • 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:

  • Acceptance; Rejection A holder of Notes may accept the offer to prepay made pursuant to this Section 8.8 by causing a notice of such acceptance to be delivered to the Company not later than 15 Business Days after receipt by such holder of the most recent offer of prepayment. A failure by a holder of Notes to respond to an offer to prepay made pursuant to this Section 8.8 shall be deemed to constitute rejection of such offer by such holder.

  • Acceptance of these Terms Your use of the Services constitutes your acceptance of this Agreement. This Agreement is subject to change from time to time. We will notify you of any material change via secure message through our online banking site or on our website(s) by providing a link to the revised Agreement or other acceptable manner of delivery. Your continued use of the Services will indicate your acceptance of the revised Agreement. Further, SECURITY BANK reserves the right, in its sole discretion, to change, modify, add, or remove portions from the Services. Your continued use of the Services will indicate your acceptance of any such changes to the Services.

  • Acceptance of the Terms of Use These terms of use are entered into by and between You and Wealth Dynamics, LLC (“Company,” “we,” or “us”). The following terms and conditions, together with any documents they expressly incorporate by reference (collectively, the “Terms of Use”), govern your access to and use of ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇, including any content, functionality, and services offered on or through ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ (the “Website”), whether as a guest or a registered user. Please read the Terms of Use carefully before you start to use the Website. By using the Website, you accept and agree to be bound and abide by these Terms of Use and our Privacy Policy, found at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇-▇▇▇▇▇▇▇-▇▇▇▇▇▇▇▇▇, incorporated herein by reference. If you do not want to agree to these Terms of Use or the Privacy Policy, you must not access or use the Website. This Website is offered and available to users who are 18 years of age or older and reside in the United States or any of its territories or possessions. By using this Website, you represent and warrant that you are of legal age to form a binding contract with the Company and meet all of the foregoing eligibility requirements. If you do not meet all of these requirements, you must not access or use the Website.