Refusal of Offer Clause Samples

Refusal of Offer. An employee who refuses an offer of recall to comparable employment shall be terminated.
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Refusal of Offer. If any Offeree Holder (a "Declining Holder") fails to exercise such Offeree Holder's right to purchase New Securities pursuant to Subsection 4.3 hereof, then the Company shall give written notice of such fact to the remaining Offeree Holders who shall have exercised their right of first refusal pursuant to Subsection 4.3 hereof ("Exercising Holders") and offer to each Exercising Holder the right to purchase such portion of the Declining Holder's pro rata share of the New Securities (the "Refused Securities") as such Exercising Holder's pro rata share of the New Securities bears to the sum of the pro rata shares of the New Securities of all Exercising Holders. Each Exercising Holder shall have 15 days after any such notice is given by the Company within which to give to the Company written notice of such Exercising Holder's acceptance of such offer and agreement to purchase such Exercising Holder's share of the Refused Securities so offered. Failure by any Exercising Holder to timely tender such Exercising Holder's acceptance to the Company in connection with any offer made pursuant to this Subsection 4.4 shall be deemed a rejection of such offer and a waiver of such Exercising Holder's right of refusal with respect to the proposed issuance of New Securities described therein.
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Refusal of Offer. If the Offeree declines the Offer or fails to respond to the Offer Notice within the Acceptance Period the Offeree shall sell, and shall procure that the relevant member(s) of its Group shall sell to the Offeror (or such person as the Offeror shall nominate) and the Offeror (or such person as the Offeror shall nominate) shall purchase from the Offeree or such member(s) of its Group all Shares, Interests and Member Loans relating to the Vessel held by the Offeree and any such member(s) of its Group at a price equal to the Amounts.
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Related to Refusal of Offer

  • Expiration of Offer This offer, unless accepted or countered by Seller, shall automatically terminate at   o’clock on  ,  . Time is of the essence. Signed and sealed by each party as of the dates below. ___________________________________________________(SEAL) SIGN AS NAME IS TO APPEAR ON DEED‑‑DATE‑‑     ___________________________________________________(SEAL) SIGN AS NAME IS TO APPEAR ON DEED‑‑DATE‑‑     __________________________________________________(SEAL)

  • Termination of Offer In the event that this Agreement is terminated pursuant to Section 8.1, Purchaser shall (and Parent shall cause Purchaser to) promptly (and, in any event, within 24 hours of such termination), irrevocably and unconditionally terminate the Offer and shall not acquire any Shares pursuant to the Offer. If the Offer is terminated or withdrawn by Purchaser, Purchaser shall promptly return, and shall cause any depository acting on behalf of Purchaser to return, in accordance with applicable Legal Requirements, all tendered Shares to the registered holders thereof.

  • Communication of Offer The offer to sell the Securities was directly communicated to the Subscriber by the Company. At no time was the Subscriber presented with or solicited by any leaflet, newspaper or magazine article, radio or television advertisement, or any other form of general advertising or solicited or invited to attend a promotional meeting otherwise than in connection and concurrently with such communicated offer.

  • Consummation of Offer Purchaser (or Parent on Purchaser’s behalf) shall have accepted for payment all of the Shares validly tendered pursuant to the Offer and not validly withdrawn.

  • Completion of Offering Subject to the provisions of Section 10 hereof, NCPS shall pay to Issuer the liquidated value of the Escrow Funds, by wire no later than one (1) business day following receipt of the following documents: (1) A Minimum Offering Notice; (2) Subscription Accounting Spreadsheet substantiating the sale of the Minimum Offering and maintained by the sponsor; (3) Instruction Letter (as defined below); and (4) Such other certificates, notices or other documents as NCPS shall reasonably require. NCPS shall disburse the Escrow Funds by wire from the Escrow Account in accordance with joint written instructions signed by both the Issuer and Broker as to the disbursement of such funds (the “Instruction Letter”) in accordance with this Section 4(a). Notwithstanding the foregoing, NCPS shall not be obligated to disburse the Escrow Funds to Issuer if NCPS has reason to believe that (a) Cash Investment Instruments in full payment for that number of Securities equal to or greater than the Minimum Offering have not been received, deposited with and collected by NCPS, or (b) any of the certifications and opinions set forth in the Minimum Offering Notice are incorrect or incomplete. After the initial disbursement of Escrow Funds to Issuer pursuant to this Section 4(a), NCPS shall pay to Issuer any additional funds received with respect to the Securities, by wire, promptly after receipt. Additional disbursements shall be subject to the issuer providing the following documentation: (1) Subscription Accounting Spreadsheet substantiating the sale of the Minimum Offering which shall be made available for electronic access to Issuer by NCPS; (2) Instruction Letter (as defined above) from Issuer; and (3) Such other certificates, notices or other documents as NCPS shall reasonably require.