Call Option Settlement Sample Clauses

Call Option Settlement. The sale and purchase of the Call Option Shares shall take place at the Settlement Place on the Settlement Date. At the Settlement Date (a) MCC shall pay to the Minority Shareholder the Option Price through a deposit of the Option Price into a bank account to be indicated by the Minority Shareholder to MCC within 30 days before the Settlement Date, in immediately available funds, provided that on the Settlement Date the Minority Shareholder delivers to MCC, free and clear of any liens and other encumbrances, the certificate or certificates representing the Call Option Shares, together with such instruments of transfer as required by law, duly signed and executed by the Minority Shareholder and their witnesses (traspaso de acciones) and simultaneously the Call Option Shares are registered under the name of MCC in the Registry of Shareholders of the Companies, with no limitations. CLAUSE XI: Drag-Along Right 1. If MCC desires to sell all of its Shares in the Companies to a non-related third party, MCC shall have the right to cause the Minority Shareholder to sell all (but not less than all) of their Shares in the Companies at the same price and on the same terms as MCC.