Purchase Option Notice Sample Clauses

Purchase Option Notice. Any Purchase Option Notice shall include the following:
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Purchase Option Notice. During the Option Exercise Period, if the AF Investor, acting in its sole discretion, desires to exercise the AF Purchase Option, the AF Investor shall provide written notice to the other Partners of the AF Investor’s intention to exercise the AF Purchase Option and specifically for it and its Affiliates to purchase all of the Non-AF Interests from the Non-AF Holders for an aggregate purchase price equal to the Purchase Option Fair Market Value determined in accordance with Section 10.1(c) (the “AF Purchase Option Notice”). The AF Purchase Option Notice shall be unconditional (subject to the terms of this Section 10.1) and irrevocable.
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Purchase Option Notice. See §21(b). Purchase Option Period. See §21(b). Purchase Option Price. See §21(e)(i). Purchase Period. The period commencing on the Effective Date and ending at 2:00 p.m. (Chicago, Illinois time) on the 60th day thereafter; provided that if following the purchase on the Initial Purchase Date the Borrower commences a Tender Offer for Preferred Stock, the Purchase Period shall be extended for a period of 30 additional days.
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Purchase Option Notice. See §21(b). Purchase Option Period. See §21(b).
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Purchase Option Notice. On or before the later to occur of (i) forty-five (45) calendar days following receipt of the appraisal set forth above, or (ii) one hundred twenty (120) calendar days following the date of the Transfer, the Company may, with the prior written consent of the Manager (in the sole and absolute discretion of the Manager), elect to purchase all (but not less than all) of the remaining Transfer Interest by delivering written notice of such election to the Involuntary Transferor. If the Company does not so elect to purchase the entire Transfer Interest, then the Company shall deliver a written notice to each of the Non-Transferring Member(s) of their pro rata right to purchase the Transfer Interest. Within thirty (30) calendar days of receiving such notice, each Non-Transferring Member shall deliver to the Company a written notice (the “Purchase Option Notice”) specifying the maximum amount of the Transfer Interest that the Non-Transferring Member desires to purchase. Each Non-Transferring Member is entitled to purchase (at a minimum) that Non-Transferring Member’s pro rata share of the Transfer Interest, in the same proportion that the Non-Transferring Member’s Percentage Interest bears to the aggregate Percentage Interests of all Non-Transferring Member(s) electing to so purchase. The Manager may use any reasonable method to allow the Transfer Interest to be as fully purchased by the Non-Transferring Member(s) as possible, and if the entire Transfer Interest is not fully purchased, then the Company may purchase all (but not less than all) of the balance of the Transfer Interest. The failure of a Non-Transferring Member to submit a written notice to the Manager within the thirty (30) calendar day period described above constitutes an election by the Non-Transferring Member not to purchase any of the Transfer Interest. The delivery by each Non-Transferring Member and/or if applicable the Company (collectively, the “Purchase Option Buyers”) of a Purchase Option Notice to the Involuntary Transferor creates an irrevocable, binding contract between such Purchase Option Buyer and the Involuntary Transferor for the purchase and sale of the Transfer Interest. The aggregate amount to be paid for the Transfer Interest (the “Purchase Option Price”) shall be the Fair Market Value.
Sample 1
Purchase Option Notice. If any Standard -------------------- ---------------------- Fire Shareholder wishes to Transfer any of its Standard Fire Shares other than (i) to an Affiliate of Standard Fire, or (ii) pursuant to section 2.3, it shall -- first give to the Company a notice (the "Purchase Option Notice") referencing this Agreement and indicating the number of Standard Fire Shares it wishes to sell (the "Offered Shares") and the price (the "Offer Price") at or above which it wishes to sell such Shares.
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Related to Purchase Option Notice

  • Purchase Option (Check One) ❏ - The Company shall allow the Recipient to void this agreement at any time and release all liability in connection with this agreement by payment to the Company in the amount of US Dollars ($ ). ❏ - The Company does not allow the Recipient to be released of liability from this agreement for any monetary amount or reason whatsoever.

  • Exercise Notice In order to exercise this Warrant, the Holder shall (i) send by facsimile transmission, at any time prior to 5:00 p.m., eastern time, on the Business Day on which the Holder wishes to effect such exercise (the “Exercise Date”), to the Company an executed copy of the notice of exercise in the form attached hereto as Exhibit A (the “Exercise Notice”), (ii) deliver the original Warrant or a copy thereof, and (iii) in the case of a Cash Exercise (as defined below), the Exercise Price to the Company. The Exercise Notice shall also state the name or names in which the Warrant Shares issuable on such exercise shall be issued. In the case of a dispute as to the calculation of the Exercise Price or the number of Warrant Shares issuable hereunder (including, without limitation, the calculation of any adjustment pursuant to Section 6 below), the Company shall promptly issue to the Holder the number of Warrant Shares that are not disputed and shall submit the disputed calculations to a certified public accounting firm of national recognition (other than the Company’s independent accountants) within two (2) Business Days following the date on which the Exercise Notice is delivered to the Company. The Company shall use its best efforts to cause such accountant to calculate the Exercise Price and/or the number of Warrant Shares issuable hereunder and to notify the Company and the Holder of the results in writing no later than two (2) Business Days following the day on which such accountant received the disputed calculations (the “Dispute Procedure”). Such accountant’s calculation shall be deemed conclusive absent manifest error. The fees of any such accountant shall be borne by the party whose calculations were most at variance with those of such accountant.

  • Purchase Options Neither the Property nor any part thereof is subject to any purchase options or other similar rights in favor of third parties.

  • Exercise of Purchase Option AIR shall have an option (an “Option”) to acquire any real property owned or leased (subject to any consent rights granted to the landlord under any lease under which DevCo or an Affiliate is the tenant, provided, however, that no Option will apply to any Leased Property that is then leased to DevCo or its Affiliates pursuant to a Master Lease) by DevCo or any of its Subsidiaries, which was originally acquired by DevCo or its Subsidiaries after the Effective Date, which had not achieved Stabilization as of such acquisition but which has subsequently achieved Stabilization (each, an “Option Property”). Within fifteen (15) days following the date on which Stabilization for an Option Property has been achieved, DevCo shall send AIR a written notice advising AIR that such Option Property has reached Stabilization (an “Option Notice”), upon receipt of which AIR will have sixty (60) days (the “Option Exercise Period”) to exercise its Option to purchase such Option Property by delivering to DevCo written notice of the same. If AIR timely delivers a written notice to DevCo that it intends to exercise its Option and proceed with the acquisition of the Option Property, AIR will pay to DevCo the Current FMV for the subject Option Property, and the Parties will close on such Option pursuant to a purchase and sale agreement, which shall be in the form attached to the form of Standard Lease (which is attached hereto as Exhibit A). The Parties shall apply the closing mechanics set forth in Section 10(b) above (as if the Option Property were a ROFO Property, for such purposes). In the event DevCo fails to timely deliver an Option Notice to AIR, then, within thirty (30) days following the date on which AIR becomes aware that Stabilization of the subject Option Property has occurred, AIR shall have the right to send an Option Notice to DevCo (notifying DevCo that AIR believes the subject Option Property has reached Stabilization), and the Option Exercise Period will commence as of the date of such Option Notice. In the event that a Party receiving an Option Notice disputes that Stabilization of the subject Option Property has occurred or is continuing as of the date of such Option Notice, such Party will send to the other Party a Dispute Notice (as defined in and pursuant to Section 18(b)) containing an explanation of such dispute within fifteen (15) days following its receipt of the Option Notice. The Parties shall endeavor to resolve the dispute, and, if they are unable to so resolve it, will proceed to arbitration to resolve such dispute, all in accordance with the terms of Section 18.

  • Conversion Option Subject to the provisions of this Agreement, the Borrower may convert the whole or any part of any type of Loan under the Credit Facility into any other type of permitted Loan under the Credit Facility by giving the Lender a Conversion Notice in accordance herewith; provided that:

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