No Tender Clause Samples
The "No Tender" clause establishes that the parties are not required to formally offer or tender performance, payment, or delivery as a precondition to enforcing their rights under the agreement. In practice, this means that if one party fails to fulfill its obligations, the other party can pursue remedies such as termination or damages without first having to make a formal demand or present the required goods, services, or payment. This clause streamlines enforcement by removing procedural hurdles, ensuring that parties can act promptly to address breaches without unnecessary delays.
No Tender. Subject to Section 1, no Reinvestment Stockholder shall tender such Reinvestment Stockholder’s Owned Shares into any tender or exchange offer commenced by a Person other than Parent, Merger Sub or any other Subsidiary of Parent.
No Tender. Stockholder shall not tender his Shares --------- pursuant to the Offer.
No Tender. The Stockholders will not tender any of their Owned Shares in the Offer.
No Tender. No Shareholder shall tender any of his, her or its Owned Shares in the Offer.
No Tender. No Stockholder shall tender (or cause the record owner of such shares to tender) such Stockholder's Shares pursuant to the Offer.
No Tender. Except for a number of shares up to the maximum number set forth opposite such Contributing Stockholder's name on Schedule 2.1, no Contributing Stockholder shall tender (or cause the record owner of such shares to tender) such Contributing Stockholder's Shares pursuant to the Offer.