Buyout Rights. Subject to the limitations hereinafter set forth, upon the occurrence of a Buyout Event, Shareholder’s blocking rights under this Agreement with respect to a Covered Transaction and pursuant to Article III, Section 7 of Dynegy’s Bylaws shall, subject to reinstatement under clause (a)(iii) hereunder, terminate and Shareholder, within 180 days after the occurrence of a Buyout Event (or such longer period as may be required to avoid disgorgement of short swing profits under Section 16 of the Exchange Act with respect to Class B Shares owned at the time of the Buyout Event), at its option shall either:
Buyout Rights. Reference is hereby made to Articles 4, 12 and 13 of the Fairport Partnership Agreement. Whenever the interest of the Developer Partner (as defined in the Fairport Partnership Agreement) is to be sold pursuant to said Articles 4, 12 or 13, then the interest of the Developer Partner (as defined in this Agreement) under this Agreement shall be transferred to, or as directed by, the Preferred Partner (as defined in such Property Partnership Agreement) subject to the terms and conditions of each of said Articles 4, 12 and 13 as if such partnership interest were an interest of the Developer Partner (as defined in the Fairport Partnership Agreement) in the Fairport Partnership.
Buyout Rights. Subject to the limitations hereinafter set forth, upon the occurrence of a Buyout Event, Stockholder's blocking rights under this Agreement with respect to a Covered Transaction and pursuant to Article III, Section 7 of Stanford's Amended and Restated Bylaws shall, subject to reinstatement under clause (a)(iii) hereunder, terminate and Stockholder shall, within 180 days after the occurrence of a Buyout Event (or such longer period as may be required to avoid disgorgement of short swing profits under Section 16 of the Exchange Act with respect to Class B Shares owned at the time of the Buyout Event), at its option either:
Buyout Rights. (a) Schedule Delay or Termination of Construction.
Buyout Rights. Upon any bankruptcy, insolvency or ---------------------------- receivership of any Lender, each of the other Lenders shall have the right (but not the obligation), at any time thereafter, to purchase, ratably in proportion to their respective interests in the Revolving Credit Commitment and the Line of Credit Commitment (or in such other proportions as such other Lenders may mutually agree), the bankrupt or insolvent Lender's interest in the Advances, at an aggregate price equal to the principal balance and unpaid accrued interest and fees on the interest being purchased as of the date of purchase, such purchase price to be paid on the date of purchase by wire transfer of Federal Reserve funds. Upon any such purchase, each purchasing Lender shall succeed to the applicable portion of the bankrupt or insolvent Lender's interest in the Revolving Credit Commitment and the Line of Credit Commitment.
Buyout Rights a. At any time prior to the third (3rd) anniversary of this Agreement, WRI may, in its sole discretion, terminate the Agreement for the entire Territory (and only the entire Territory) by providing WRE written notice of termination and paying WRE the amount indicated below. Date of Termination Notice Termination Payment Effective Date - July 31, 1998 US$375,000 August 1, 1998 - July 31, 1999 US$625,000 August 1, 1999 - July 31, 2000 US$875,000 Subject to the right to terminate set forth in clause 1.9, if WRI does not exercise its buyout rights by the third anniversary, WRE shall remain WRI's exclusive dealer/licensor until the expiration of this Agreement.
Buyout Rights. (i) In the event that the Agent accelerates the Loans in accordance with the terms hereof or the Loans become due and payable for any reason and are not paid, (A) the Tranche B Lenders shall have the right (but not the obligation) at any time to notify the Tranche A Lenders in writing of the Tranche B Lenders’ intention to purchase from the Tranche A Lenders all of the Tranche A Lenders’ right, title and interest in and to the Tranche A Loans and (B) the Parent shall have the right (but not the obligation) at any time to notify both the Tranche A Lenders and the Tranche B Lenders in writing of the Parent’s intention to purchase (1) from the Tranche A Lenders (or the Tranche B Lenders if the Tranche B Lenders exercised their buyout rights pursuant to clause (a)(i)(A) above) all of the Tranche A Lenders’ (or Tranche B Lenders’, if applicable) right, title and interest in and to the Tranche A Loans and (2) from the Tranche B Lenders all of the Tranche B Lenders’ right, title and interest in and to the Tranche B Loans. The price for such Loans purchased hereunder shall be the outstanding principal amount of such Loans plus accrued and unpaid interest and Break Costs, if any, thereon, unless otherwise agreed (the “Buyout Purchase Price”).
Buyout Rights. If Stoneridge, Ferretti or Leitx xxxire to terminate this Agreement pursuant to Section 3.2(a), the party entitled to terminate this Agreement (the "Terminating Party") shall have the right (the "Buy-out Right"), in addition to any other remedy that may be available, to acquire all of the Quotas then owned by the Alternate Quotaholder (the "Called Interest") for a cash price equal to (i) 95% of the Fair Market Value of the Called Interest if this Agreement is terminated pursuant to Section 3.2(a)(i), or (ii) 100% of the Fair Market Value of the Called Interest if this Agreement is terminated pursuant to Section 3.2(a)(ii). The Buy-out Right may only be exercised by the giving of written notice (the "Buy-out Notice") by the Terminating Party to the Alternate Quotaholder within ten days after the end of the cure period referred to in Section 3.2(a)(i). Delivery of the Buy-out Notice shall constitute an irrevocable election by the Terminating Party to exercise the Buy-out Right. The purchase and sale of the Called Interest shall be consummated as soon as practicable following the determination of the Fair Market Value of the Called Interest, but in no event more than 30 days thereafter (subject to any extension necessary to comply with any applicable regulatory requirement). In determining Fair Market Value for purposes of this Section 3.3 following a Material Breach (as defined in Section 3.2), the effect, if any, of the Material Breach on the Company shall be taken into account.
Buyout Rights. Upon the occurrence of a Dissolution Event, in lieu of dissolving and winding up the Company, each Member shall have the option (but not any obligation), exercisable for a period of 90 days following the Member’s knowledge of such event, to cause the determination of the Liquidation Value of the other Member’s Interest and to purchase or cause its Affiliate to purchase that Member’s Interest at a cash price equal to its Liquidation Value (the “Buyout Rights”). The cost of any appraisal shall be divided equally between the Members.
Buyout Rights. Following the occurrence of an Event of Default and the acceleration of the Loans pursuant to Section 7.01, in the event the Required Lenders direct the Administrative Agent in writing to foreclose or liquidate the Collateral, and the Administrative Agent shall have received, within [***] after commencing such foreclosure or liquidation process, any written offers to acquire the Collateral from a Person other than Oportun, Inc., the secured creditors of Oportun, Inc. or any Lender (such offers may be referred to as the “Designated Offers”), the Administrative Agent shall provide copies of the Designated Offers to Oportun, Inc. and the Lenders, and:
