Common use of Bona Fide Offer Clause in Contracts

Bona Fide Offer. If the Company has not elected to exercise the Purchase Option as to all of the Offered Shares in connection with a Bona Fide Offer, then the Company shall give to all of the Stockholders (including the Selling Stockholder) a written notice (the "Company Notice") informing the Stockholders of its decision not to exercise the Purchase Option attaching a copy of the Stockholder Sale Notice delivered in connection with such Bona Fide Offer.

Appears in 2 contracts

Sources: Shareholder Agreement (Scheid Vineyards Inc), Stockholder Agreement (Scheid Vineyards Inc)