Response to Offer. Within 15 Business Days after receiving the Offer, each Shareholder must give notice to the Board stating: (a) whether it accepts all or a specified number of Equity Securities contained in its Offer or rejects in full its Offer; and/or (b) that it offers to subscribe for a specified number of those Equity Securities not subscribed for by other Shareholders under their Offers.
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Response to Offer. Within 15 Business Days after receiving the Offer, each Shareholder the Subscriber must give notice to the Board stating:
(a) whether it accepts all or a specified number of Equity Securities contained in its Offer or rejects in full its Offer; and/orand;
(b) if it wants to subscribe for a greater number of Equity Securities than the number in its Offer, that it offers to subscribe for a specified number of those Equity Securities not subscribed for by other Shareholders under their OffersOffers (if any).
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Response to Offer. (a) Within 15 20 Business Days after receiving the Offer, each Shareholder must give notice to the Board stating:
(ab) whether it accepts all or a specified number of Equity Securities contained in its Offer or rejects in full its Offer; and/orand
(bc) if it wants to subscribe for a greater number of Equity Securities than the number in its Offer, that it offers to subscribe for a specified number of those Equity Securities not subscribed for by other Shareholders under their Offers.
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Sources: Shareholder Agreements