Mandatory Sale. If shareholders of the Corporation holding an aggregate of sixty percent (60%) or more of the Shares (the “Selling Shareholders”) agree to sell their interests in the Corporation in any single transaction or related series of transactions other than to an Affiliate, and the proposed purchaser desires to acquire all the Shares in the Corporation, then the Shareholder shall sell its Shares to said proposed purchaser on the same relative terms and conditions contained in the offer delivered to the Selling Shareholders.
Mandatory Sale. Unless the Parties agree otherwise in writing, if:
Mandatory Sale. Subject to Section 11.5, the Company may require each holder of Debentures to sell (a "Mandatory Sale") all or subject to paragraph (b) below, a part of the Conversion Shares and Interest Shares such holder would be entitled to receive if such holder converted, as of the Mandatory Sale Date, all of the Debentures owned by such holder on the date such holder receives the notice specified in paragraph (a) below (the "Underlying Shares") provided all of the following terms and conditions are met:
Mandatory Sale. 19.1 Should the Trustees receive a written offer to purchase all or any of the Trust Shares held by the Trust (the Offer), before the expiry of the Lock-in Period, the Trustees shall not be entitled to sell those shares unless:
Mandatory Sale. 24 11.5. Restriction on Conversion Rights; Withdrawal of Notice... 25
Mandatory Sale. If shareholders of the Company arrange to sell more than a simple majority of shares in the Company of the same class as my shares or arrange to sell all or substantially all of the assets of the Company, in each case to a third party in a bona fide, arm's length sale, then these shareholders may require me to sell all (or a corresponding amount proportionate to the percentage these shareholders as a group are selling) of my shares to the third party, or vote all of my shares in favor of the asset sale, at a price and on terms and conditions no less favorable than those at which these shareholders are selling or voting their shares. I expressly acknowledge and agree that the other shareholders of the Company are intended third party beneficiaries of this paragraph 6 and may directly enforce its provisions against me.
Mandatory Sale. Upon the occurrence of any of the events set out in Section 8.2(a) through (l) with respect to a Partner, as an alternative to giving notice dissolving the Joint Venture, the Partner entitled to dissolve the Joint Venture (in this Article 8 referred to as the "purchasing Partner") may give notice to the other Partner (in this Article 8 referred to as the "selling Partner") requiring the selling Partner to sell its Interest in the Joint Venture to the purchasing Partner for the Purchase Price (as defined in Section 8.9) and on the terms and conditions hereinafter provided.
Mandatory Sale. In the event that Purchaser does not raise at least $3,000,000 within 12 months from the Closing, Purchaser will be engage an investment bank and initiate a process for the sale of the Company or its assets, with the net proceeds of such transaction being paid to the Seller within 45 days of receipt of such proceeds.
Mandatory Sale. Upon the occurrence of an Involuntary Transfer relating to any Transferring Member, or upon the termination of a party’s status as the Manager, the Company and then the other Members (the “Remaining Members”) shall have the option, but not the obligation, to purchase all or any portion of the Interest of the Transferring Member or the Manager on the terms and conditions set forth in this Article. The term Transferring Member shall include the legal representative of the estate of a deceased Member and any other successor to a Transferring Member. If the Company declines to purchase all or a portion of the Transferring Member’s or Manager’s Interest, the Remaining Members shall have the right for a period of thirty days from the date of the Company’s election not to purchase to elect to purchase all or such portion of the Interest of the Transferring Member or the Manager by giving written notice of such election to the Transferring Member or the Manager. Unless otherwise agreed, if more than one Remaining Member elects to purchase, the Remaining Members so electing shall purchase the Transferring Member’s or the Manager’s Interest in proportion to their respective Sharing Ratios.
Mandatory Sale. If any Shareholder's employment with the Corporation terminates or is terminated for any reason including death, such Shareholder or the Shareholder's estate, as the case may be, shall, within ninety (90) days thereof, offer for sale to the Corporation all of the Shares owned by him at that time at a redemption price ("Redemption Price") determined and paid in accordance with the terms contained herein, and the Corporation shall purchase the aforesaid Shares in accordance herewith.
