Examples of Company Purchase Right in a sentence
Each Stockholder may exercise its Company Purchase Right by giving written notice to the Company within such ten (10) day period and stating therein the quantity of such Shares to be purchased.
In addition, immediately after the Effective Date, each such stock certificate shall evidence a number of Holding Purchase Rights equal to the number of one-half Company Purchase Rights evidenced thereby immediately prior to the Effective Date of the Merger (that is, each one-half Company Purchase Right will be converted into one Holding Purchase Right).
In the event that any Stockholder fails to exercise in full its Company Purchase Right within said ten (10) day period, the Company shall give written notice to each Stockholder who fully exercised its Company Purchase Right of the aggregate number of additional Shares which may be purchased by such Stockholders pursuant to Section 2.5(a).
The Company shall have the right, upon notice to the Selling Shareholder at any time within ten (10) Business Days after receipt of the Transfer Notice (the “ Company Purchase Right Period”), to purchase all or any portion of the Offered Shares upon the same terms and conditions as set forth in the Transfer Notice (“Company Right of First Refusal”), and the Selling Shareholder shall, upon receipt of the notice of purchase from the Company, sell the Offered Shares to the Company pursuant to such terms.
If the Company should decide not to exercise such Company Purchase Right with regard to any such Common Shares purchasable thereunder, each Investor shall then have the right of first refusal to purchase his, her or its pro rata share of such Common Shares on the same terms and conditions as those contained in the Offer Notice (the "Investor Purchase Right").
If a Founder receives a bona fide offer to purchase any of the Common Shares held by such Founder, the Company and its assignees shall have a right of first refusal to purchase from Founder all, but not less than all, of the Common Shares that such Founder proposes to transfer, assign or otherwise dispose of on the same terms and conditions as those contained in the Offer Notice (defined below) (the "Company Purchase Right").
In the event that CUC determines to exercise its Company Purchase Right pursuant to a merger, consolidation, sale of assets or similar transaction in which CUC or any designated affiliate of CUC acquires all or substantially all of the Company in connection with such transaction, then CUC may, at its option, require the Stockholders and their respective Permitted Transferees to vote in favor of such transaction.
Within 10 days following the date of CUC's notice of its exercise of its Company Purchase Right, each of the Stockholders and their respective Permitted Transferees shall deliver to a representative of CUC designated in CUC's notice, certificates or other instruments representing all of the Capital Stock held by such person, Duly Endorsed, together with all other documents reasonably required to be executed in order to effectuate such transaction.
If CUC proposes to exercise its Company Purchase Right, CUC shall send written notice of the exercise of its Company Purchase Right to each of the remaining Stockholders, setting forth the material terms and conditions of such transaction.