{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "series-or-class", "type": "clause", "offset": [68, 83]}, {"key": "prior-to-maturity", "type": "clause", "offset": [109, 126]}, {"key": "applicable-supplement", "type": "definition", "offset": [134, 155]}, {"key": "callable-series", "type": "clause", "offset": [193, 208]}, {"key": "a-tax-event", "type": "clause", "offset": [236, 247]}, {"key": "optional-redemption", "type": "definition", "offset": [254, 273]}, {"key": "call-terms", "type": "definition", "offset": [279, 289]}, {"key": "without-limitation", "type": "clause", "offset": [357, 375]}, {"key": "initial-holder", "type": "clause", "offset": [400, 414]}, {"key": "the-call-right", "type": "clause", "offset": [418, 432]}, {"key": "certificate-principal-balance", "type": "definition", "offset": [451, 480]}, {"key": "notional-amount", "type": "clause", "offset": [484, 499]}, {"key": "pursuant-to-the", "type": "definition", "offset": [536, 551]}, {"key": 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[3621, 3645]}, {"key": "by-holders", "type": "clause", "offset": [3651, 3661]}, {"key": "right-to", "type": "definition", "offset": [3773, 3781]}, {"key": "transfer-in", "type": "clause", "offset": [3839, 3850]}, {"key": "day-funds", "type": "definition", "offset": [3856, 3865]}, {"key": "to-pay", "type": "clause", "offset": [3883, 3889]}, {"key": "price-of-the", "type": "clause", "offset": [3899, 3911]}, {"key": "a-notice", "type": "definition", "offset": [3961, 3969]}, {"key": "accrued-interest", "type": "clause", "offset": [4194, 4210]}, {"key": "if-applicable", "type": "clause", "offset": [4212, 4225]}, {"key": "in-connection-with", "type": "clause", "offset": [4286, 4304]}, {"key": "deliver-to", "type": "definition", "offset": [4548, 4558]}, {"key": "holder-a", "type": "definition", "offset": [4563, 4571]}, {"key": "new-certificate", "type": "clause", "offset": [4572, 4587]}, {"key": "principal-amount", "type": "clause", "offset": [4597, 4613]}], "size": 186, "snippet": "(a) The holder of a Call Right may purchase Certificates of a given Series or Class from the Holders thereof prior to maturity if the applicable Supplement designates such Series or Class as a Callable Series, or upon the occurrence of a Tax Event or an Optional Redemption. The Call Terms shall be set forth in the applicable Supplement and shall include, without limitation, the following:\n(i) the initial holder of the Call Right;\n(ii) whether the Certificate Principal Balance or Notional Amount of each Certificate being purchased pursuant to the Call Right must be an Authorized Denomination;\n(iii) the Call Date or Dates; and\n(iv) the Call Price.\n(b) A Call Right may be exercised at the option of the holder thereof, in accordance with the Call Terms, upon not less than 35 days' (or such shorter period acceptable to the Trustee or specified in the applicable Supplement) nor more than 60 days' prior notice sent via facsimile with transmission confirmed to the Trustee at the Corporate Trust Office. Such notice to the Trustee shall include the Certificate Principal Balance (or Notional Amount) of the Certificates to be purchased and shall reference the Call Price and the Call Date. On or prior to the second Business Day following receipt of such notice from the holder of the Call Right, the Trustee shall notify the Holders of the Certificates by first class mail; such notices shall state:\n(i) the Certificate Principal Balance (or Notional Amount) of Certificates to be purchased;\n(ii) the Call Price;\n(iii) the name and address of the Paying Agent;\n(iv) that Certificates called for purchase must be surrendered to the Paying Agent in order to collect the Call Price;\n(v) that interest on Certificates called for purchase pursuant to the Call Right ceases to accrue on and after the Call Date, and the only remaining right of Holders of such Certificates is to receive payment of the Call Price upon surrender of the Certificates to the Paying Agent; and\n(vi) that, if any Certificate contains a CUSIP, CINS or ISIN number, no representation is being made as to the correctness of the CUSIP, CINS or ISIN number either as printed on the Certificates or as contained in such notice and that reliance may be placed only on the other identification numbers printed on the Certificates.\n(c) If less than all of the Certificates are to be purchased pursuant to the exercise of the Call Right, the Trustee shall select the Certificates to be purchased in accordance with the requirements of the principal national securities exchange on which the Certificates are listed or, if the Certificates are not listed on a national securities exchange, on a pro rata basis, by lot or by such other method as such Trustee in its sole discretion shall deem to be fair and appropriate. The Trustee shall notify the Depositor and the Certificate Registrar promptly in writing of the Certificates or portions of the Certificates to be purchased by the holder of the Call Right, provided, however, that this Section 4.08(c) shall not apply to Certificates subject to a Call Right due to a Tax Event or an Optional Redemption.\n(d) Once such notice is mailed to the Holders, the Certificates called for purchase become due and payable on the Call Date and at the Call Price. Upon surrender of any Certificates to the Paying Agent, the Holders of such Certificates shall be paid the Call Price. Notice of purchase shall be deemed to be given when mailed, whether or not the Holder receives the notice. In any event, failure to give such notice, or any defect therein, shall not affect the validity of the proceedings for the purchase of Certificates held by Holders to whom such notice was properly given.\n(e) At or prior to 12:00 noon on the Call Date, the holder of the Call Right to be exercised shall deposit with the Paying Agent by wire transfer in same-day funds money sufficient to pay the Call Price of the Certificates to be redeemed on that date.\n(f) If a notice has been given in the manner provided above, the Certificates or portion of Certificates specified in such notice to be purchased shall become due and payable on the Call Date at the Call Price stated therein, together with accrued interest (if applicable) on and after such dates. Upon surrender of any Certificate in connection with the Call Right, such Certificate shall be paid and redeemed by the holder of the Call Right at the Call Price.\n(g) Upon surrender of any Certificate that is purchased in part, the Depositor shall execute and the Trustee shall authenticate and deliver to the Holder a new Certificate equal in principal amount to the unredeemed portion of such surrendered Certificate.", "samples": [{"hash": "lxHreql2sDD", "uri": "/contracts/lxHreql2sDD#call-right", "label": "Trust Certificate Series Supplement (Merrill Lynch Depositor Inc Pplus Trust Series SPR 1)", "score": 18.0, "published": true}, {"hash": "lqU8MtDSI96", "uri": "/contracts/lqU8MtDSI96#call-right", "label": "Trust Supplement (Merrill Lynch Depositor Inc Pplus Trust Series GSC-1)", "score": 18.0, "published": true}, {"hash": "lEvor8Vpfdp", "uri": "/contracts/lEvor8Vpfdp#call-right", "label": "Trust Supplement (Merrill Lynch Depositor Inc Pplus Trust Series GSG-2)", "score": 18.0, "published": true}], "hash": "1ce5cf7ce573211927888cae3081a047", "id": 1}, {"snippet_links": [{"key": "section-86", "type": "clause", "offset": [15, 26]}, {"key": "modification-of", "type": "clause", "offset": [56, 71]}, {"key": "rights-or-obligations", "type": "clause", "offset": [76, 97]}, {"key": "partnership-units", "type": "definition", "offset": [219, 236]}, {"key": "at-any-time", "type": "clause", "offset": [251, 262]}, {"key": "expiration-of-the-holding-period", "type": "clause", "offset": [273, 305]}, {"key": "a-limited", "type": "clause", "offset": [454, 463]}, {"key": "equal-to", "type": "definition", "offset": [483, 491]}, {"key": "cash-amount", "type": "clause", "offset": [496, 507]}, {"key": "sole-and-absolute-discretion", "type": "definition", "offset": [565, 593]}, {"key": "reit-shares-amount", "type": "definition", "offset": [677, 695]}, {"key": "in-lieu-of", "type": "clause", "offset": [696, 706]}, {"key": "the-call-right", "type": "clause", "offset": [724, 738]}, {"key": "a-notice", "type": "definition", "offset": [770, 778]}, {"key": "call-notice", "type": "clause", "offset": [785, 796]}, {"key": "by-the-general-partner", "type": "clause", "offset": [809, 831]}, {"key": "entire-interest", "type": "clause", "offset": [931, 946]}, {"key": "no-rights", "type": "clause", "offset": [1059, 1068]}, {"key": "payment-for", "type": "clause", "offset": [1149, 1160]}, {"key": "in-accordance-with", "type": "clause", "offset": [1216, 1234]}, {"key": "right-of-the", "type": "clause", "offset": [1328, 1340]}, {"key": "in-connection-with", "type": "clause", "offset": [1387, 1405]}, {"key": "with-respect-to-an", "type": "clause", "offset": [1461, 1479]}, {"key": "the-limited", "type": "definition", "offset": [1604, 1615]}, {"key": "to-exercise", "type": "clause", "offset": [1717, 1728]}, {"key": "liquidating-event", "type": "definition", "offset": [1800, 1817]}, {"key": "the-business-of-the-partnership", "type": "clause", "offset": [1863, 1894]}, {"key": "section-73", "type": "clause", "offset": [1901, 1912]}, {"key": "days-after", "type": "definition", "offset": [1928, 1938]}, {"key": "delivery-of-the", "type": "clause", "offset": [1943, 1958]}, {"key": "notice-by-the", "type": "clause", "offset": [1964, 1977]}, {"key": "purposes-of-this-agreement", "type": "clause", "offset": [2414, 2440]}, {"key": "the-owner", "type": "definition", "offset": [2444, 2453]}, {"key": "in-the-event", "type": "clause", "offset": [2552, 2564]}, {"key": "to-pay", "type": "clause", "offset": [2597, 2603]}, {"key": "form-of", "type": "clause", "offset": [2632, 2639]}, {"key": "number-of", "type": "definition", "offset": [2706, 2715]}, {"key": "reasonable-discretion", "type": "definition", "offset": [2925, 2946]}, {"key": "fair-value", "type": "clause", "offset": [2965, 2975]}, {"key": "payable-to", "type": "definition", "offset": [3040, 3050]}, {"key": "agrees-to", "type": "clause", "offset": [3099, 3108]}, {"key": "deliver-to", "type": "definition", "offset": [3109, 3119]}, {"key": "limited-partnership-interest", "type": "clause", "offset": [3193, 3221]}, {"key": "the-issuance", "type": "clause", "offset": [3317, 3329]}, {"key": "exercise-of-the-call", "type": "clause", "offset": [3350, 3370]}, {"key": "including-without-limitation", "type": "clause", "offset": [3378, 3406]}, {"key": "assignment-of", "type": "clause", "offset": [3410, 3423]}, {"key": "terms-of", "type": "clause", "offset": [3458, 3466]}, {"key": "title-to", "type": "clause", "offset": [3573, 3581]}, {"key": "free-and-clear", "type": "definition", "offset": [3605, 3619]}, {"key": "rights-of", "type": "definition", "offset": [3627, 3636]}, {"key": "person-or-entity", "type": "clause", "offset": [3662, 3678]}, {"key": "full-right", "type": "definition", "offset": [3696, 3706]}, {"key": "power-and-authority-to-transfer", "type": "clause", "offset": [3708, 3739]}, {"key": "approval-of", "type": "definition", "offset": [3817, 3828]}, {"key": "consent-to", "type": "definition", "offset": [3882, 3892]}, {"key": "indemnify-and-hold", "type": "clause", "offset": [3954, 3972]}, {"key": "costs-and-expenses", "type": "clause", "offset": [4053, 4071]}, {"key": "relating-to", "type": "definition", "offset": [4072, 4083]}, {"key": "notwithstanding-the-provisions-of", "type": "clause", "offset": [4201, 4234]}, {"key": "with-regard-to", "type": "clause", "offset": [4378, 4392]}, {"key": "the-articles-of-incorporation", "type": "clause", "offset": [4560, 4589]}, {"key": "adversely-affect", "type": "definition", "offset": [4601, 4617]}, {"key": "to-qualify", "type": "clause", "offset": [4665, 4675]}, {"key": "additional-taxes", "type": "definition", "offset": [4724, 4740]}, {"key": "the-code", "type": "clause", "offset": [4778, 4786]}, {"key": "laws-or-regulations", "type": "clause", "offset": [4860, 4879]}, {"key": "partner-covenants", "type": "clause", "offset": [4898, 4915]}, {"key": "liens-and-encumbrances", "type": "definition", "offset": [5087, 5109]}, {"key": "to-acquire", "type": "definition", "offset": [5228, 5238]}, {"key": "to-the-extent", "type": "clause", "offset": [5281, 5294]}, {"key": "liens-or-encumbrances", "type": "clause", "offset": [5351, 5372]}, {"key": "adequate-assurances", "type": "definition", "offset": [5458, 5477]}, {"key": "agree-to", "type": "clause", "offset": [5573, 5581]}, {"key": "the-liabilities", "type": "clause", "offset": [5665, 5680]}, {"key": "any-state", "type": "definition", "offset": [5820, 5829]}, {"key": "local-transfer-tax", "type": "clause", "offset": [5833, 5851]}, {"key": "transfer-of", "type": "clause", "offset": [5882, 5893]}], "size": 36, "snippet": "(a) Subject to Section 8.6(c) below, and subject to the modification of any rights or obligations provided for herein by agreement(s) between the General Partner and any one or more Limited Partners with respect to the Partnership Units held by them, at any time after the expiration of the Holding Period for the Partnership Units in question, the General Partner shall have the right (the \u201cCall Right\u201d) to purchase all of the Partnership Units held by a Limited Partner at a price equal to the Cash Amount; provided, however, that the General Partner may, in its sole and absolute discretion, elect to purchase such Partnership Units by paying to the Partner in question the REIT Shares Amount in lieu of the Cash Amount. The Call Right shall be exercised pursuant to a notice (the \u201cCall Notice\u201d) delivered by the General Partner to any such Limited Partner. The General Partner may not exercise the Call Right for less than the entire interest of a Limited Partner in the Partnership. A Limited Partner receiving the Call Notice described above shall have no rights with respect to any interest in the Partnership other than the right to receive payment for its interest in the Partnership in cash or REIT Shares in accordance with this Section 8.6. An assignee of a Limited Partner shall be bound by and subject to the Call Right of the General Partner pursuant to this Section 8.6. In connection with any exercise of such Call Right by the General Partner with respect to an assignee, the Cash Amount (or REIT Shares Amount) shall be paid by the General Partner directly to such assignee and not to the Limited Partner from which such assignee acquired its Partnership Units. The General Partner shall be unable to exercise the Call Right and the Call Right shall lapse upon the occurrence of a Liquidating Event unless and until the Partners shall continue the business of the Partnership under Section 7.3.\n(i) Within 30 days after the delivery of the Call Notice by the General Partner to a Limited Partner under this Section 8.6, the General Partner (subject to the limitations set forth in Section 8.6(c)) shall transfer and deliver the Cash Amount (or the REIT Shares Amount) to such Limited Partner or, as applicable, its assignee, whereupon the General Partner (or its designee) shall acquire the Partnership Units of such Limited Partner or, as applicable, its assignee, and shall be treated for all purposes of this Agreement as the owner of such Partnership Units (and as a Limited Partner with respect to such Partnership Units).\n(ii) In the event that the General Partner elects to pay such Limited Partner in the form of the REIT Shares Amount and such REIT Shares Amount is not a whole number of REIT Shares, the Limited Partner shall be paid (A) the number of REIT Shares which equals the nearest whole number less than such amount plus (B) an amount of cash which the General Partner determines, in its reasonable discretion, to represent the fair value of the remaining fractional REIT Share which would otherwise be payable to the Limited Partner.\n(iii) Each Limited Partner agrees to deliver to the General Partner the Partnership Unit certificate(s) representing its Limited Partnership Interest and to execute such documents as the General Partner may reasonably require in connection with the issuance of REIT Shares upon exercise of the Call Right (including without limitation an assignment of Partnership Units pursuant to the terms of which such Limited Partner (A) represents, warrants and certifies that it has marketable and unencumbered title to its Partnership Units, free and clear of the rights of or interest of any other person or entity, that it has the full right, power and authority to transfer and surrender its Partnership Units, and that it has obtained the consent or approval of all persons or entities, if any, having the right to consent to or approve of such transfer and surrender, and (B) agrees to indemnify and hold the General Partner harmless from and against any and all liabilities, charges, costs and expenses relating to such Limited Partner\u2019s Partnership Units which are subject to the Call Right or the exercise of the Call Right).\n(c) Notwithstanding the provisions of Sections 8.6(a) and 8.6(b) above, the General Partner shall not be entitled to exercise the Call Right if (i) a Liquidating Event has occurred with regard to the Partnership and the Partnership has not been continued under Section 7.3; or (ii) the delivery of REIT Shares to the Limited Partner (A) would be prohibited under the Articles of Incorporation, (B) would adversely affect the ability of the General Partner to continue to qualify as a REIT or subject the General Partner to any additional taxes under Section 857 or Section 4981 of the Code, or (C) would be prohibited under applicable federal or state securities laws or regulations.\n(d) Each Limited Partner covenants and agrees with the General Partner that all Partnership Units delivered in connection with the Call Right shall be delivered to the General Partner free and clear of all liens and encumbrances and, notwithstanding anything contained herein to the contrary, the General Partner shall not be under any obligation to acquire a Limited Partner\u2019s Partnership Units (i) to the extent that any such Partnership Units are subject to any such liens or encumbrances or (ii) in the event that the Limited Partner shall fail to give the General Partner adequate assurances that such Partnership Units are not subject to any such liens or encumbrances or shall fail to agree to fully indemnify the General Partner from any such liens or encumbrances as well as the liabilities, charges, costs and expenses referenced in the last section of Section 8.6(b)(iii). Each Limited Partner further agrees that, in the event any state or local transfer tax is payable as a result of the transfer of its Partnership Units to the General Partner, such Limited Partner shall assume and pay such transfer tax.", "samples": [{"hash": "3J5b4wOlcwx", "uri": "/contracts/3J5b4wOlcwx#call-right", "label": "Limited Partnership Agreement (Cole Credit Property Trust V, Inc.)", "score": 25.1095142365, "published": true}, {"hash": "gXukYQfCzoT", "uri": "/contracts/gXukYQfCzoT#call-right", "label": "Limited Partnership Agreement (Cole Office & Industrial REIT (CCIT II), Inc.)", "score": 24.6550312042, "published": true}, {"hash": "g0CJ6bD90Um", "uri": "/contracts/g0CJ6bD90Um#call-right", "label": "Limited Partnership Agreement (Cole Credit Property Trust V, Inc.)", "score": 24.5236148834, "published": true}], "hash": "f6566e1216075ed86549c701d77ea515", "id": 2}, {"snippet_links": [{"key": "upon-termination-of", "type": "clause", "offset": [0, 19]}, {"key": "for-any-reason", "type": "clause", "offset": [42, 56]}, {"key": "prior-to-an-ipo", "type": "clause", "offset": [57, 72]}, {"key": "the-company-will", "type": "clause", "offset": [74, 90]}, {"key": "right-to-purchase", "type": "definition", "offset": [100, 117]}, {"key": "option-shares", "type": "clause", "offset": [141, 154]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [190, 214]}, {"key": "article-vi", "type": "definition", "offset": [228, 238]}, {"key": "of-the-stockholders-agreement", "type": "clause", "offset": [251, 280]}], "size": 12, "snippet": "Upon termination of Optionee\u2019s employment for any reason prior to an IPO, the Company will have the right to purchase (the \u201cCall Right\u201d) any Option Shares that Optionee received pursuant to the terms and conditions set forth in Article VI Call Rights of the Stockholders Agreement.", "samples": [{"hash": "f3qFXy5fDEh", "uri": "/contracts/f3qFXy5fDEh#call-right", "label": "Nonqualified Stock Option Agreement (HealthMarkets, Inc.)", "score": 21.0, "published": true}, {"hash": "esZNnOB2ckO", "uri": "/contracts/esZNnOB2ckO#call-right", "label": "Nonqualified Stock Option Agreement (HealthMarkets, Inc.)", "score": 21.0, "published": true}, {"hash": "8AULVnO1r0D", "uri": "/contracts/8AULVnO1r0D#call-right", "label": "Nonqualified Stock Option Agreement (HealthMarkets, Inc.)", "score": 21.0, "published": true}], "hash": "e4d2a5d26ea92af0ed9765052617f69a", "id": 9}, {"snippet_links": [{"key": "the-terms-and-conditions", "type": "definition", "offset": [15, 39]}, {"key": "in-this-agreement", "type": "clause", "offset": [50, 67]}, {"key": "in-the-event", "type": "clause", "offset": [69, 81]}, {"key": "additional-borrowings", "type": "clause", "offset": [115, 136]}, {"key": "operation-of", "type": "definition", "offset": [171, 183]}, {"key": "the-company-shall", "type": "clause", "offset": [198, 215]}, {"key": "right-to", "type": "definition", "offset": [225, 233]}, {"key": "require-the", "type": "clause", "offset": [234, 245]}, {"key": "aggregate-principal-amount", "type": "definition", "offset": [312, 338]}, {"key": "the-new-notes", "type": "clause", "offset": [342, 355]}, {"key": "at-any-time", "type": "clause", "offset": [400, 411]}, {"key": "the-initial-closing-date", "type": "clause", "offset": [424, 448]}, {"key": "following-the", "type": "definition", "offset": [480, 493]}, {"key": "stockholder-approval", "type": "definition", "offset": [499, 519]}, {"key": "expiration-date", "type": "clause", "offset": [549, 564]}, {"key": "no-event-of-default", "type": "clause", "offset": [580, 599]}, {"key": "amended-notes", "type": "definition", "offset": [619, 632]}, {"key": "the-call-right", "type": "clause", "offset": [953, 967]}, {"key": "equal-to", "type": "definition", "offset": [1105, 1113]}, {"key": "amount-of-new-notes", "type": "clause", "offset": [1203, 1222]}, {"key": "pursuant-to-clause", "type": "clause", "offset": [1233, 1251]}, {"key": "cash-purchase-price", "type": "definition", "offset": [1290, 1309]}, {"key": "the-principal-amount", "type": "definition", "offset": [1319, 1339]}, {"key": "in-no-event-shall", "type": "clause", "offset": [1425, 1442]}, {"key": "to-the-purchasers", "type": "clause", "offset": [1626, 1643]}, {"key": "to-sell", "type": "clause", "offset": [1742, 1749]}, {"key": "closing-of-the-sale", "type": "clause", "offset": [1797, 1816]}, {"key": "sale-of-the", "type": "clause", "offset": [1861, 1872]}, {"key": "subsequent-to-the", "type": "clause", "offset": [1922, 1939]}, {"key": "subsequent-closing", "type": "definition", "offset": [1971, 1989]}, {"key": "business-days", "type": "definition", "offset": [2041, 2054]}, {"key": "days-after", "type": "definition", "offset": [2087, 2097]}, {"key": "at-the-initial-closing", "type": "clause", "offset": [2137, 2159]}, {"key": "the-case", "type": "definition", "offset": [2191, 2199]}, {"key": "each-purchaser", "type": "definition", "offset": [2275, 2289]}, {"key": "total-aggregate", "type": "definition", "offset": [2329, 2344]}, {"key": "july-2003", "type": "clause", "offset": [2369, 2378]}, {"key": "such-purchaser", "type": "definition", "offset": [2398, 2412]}, {"key": "the-original-agreement", "type": "clause", "offset": [2425, 2447]}], "size": 15, "snippet": "(a) Subject to the terms and conditions set forth in this Agreement, in the event that the Company determines that additional borrowings are required or desirable for the operation of its business, the Company shall have the right to require the Purchasers to purchase up to Ten Million Dollars ($10,000,000) in aggregate principal amount of the New Notes, subject to the following restrictions: (i) at any time on or after the Initial Closing Date until the ninetieth (90th) day following the date Stockholder Approval is obtained (the \"Call Right Expiration Date\") and provided no Event of Default (as defined in the Amended Notes) has occurred, the Company shall have the right to require the Purchasers to purchase Five Million Dollars ($5,000,000) in aggregate principal amount of the New Notes; and (ii) provided no Event of Default (as defined in the Amended Notes) has occurred, at any time after the date Stockholder Approval is obtained until the Call Right Expiration Date, the Company shall have the right to require the Purchasers to purchase the New Notes with an aggregate principal amount equal to the difference of (a) Ten Million Dollars ($10,000,000) less (b) the aggregate principal amount of New Notes purchased pursuant to clause (i) of this Section 2.3(a), each at a cash purchase price equal to the principal amount of the New Notes purchased (collectively, the \"Call Right\"); provided, however, that in no event shall the aggregate principal amount of the New Notes issuable hereunder exceed Ten Million Dollars ($10,000,000).\n(b) The Company shall exercise its Call Right by providing written notice to the Purchasers, which notice shall set forth the aggregate principal amount of the New Notes the Company desires to sell to the Purchasers and the proposed date of the closing of the sale. If the proposed date of the closing of the sale of the New Notes pursuant to the Call Right is any date subsequent to the Initial Closing Date (each, a \"Subsequent Closing\") then such date shall be no more than twenty (20) Business Days nor less than five (5) Business Days after the date of the giving of such notice. At the Initial Closing or each Subsequent Closing, as the case may be, the aggregate principal amount of the New Notes to be purchased by each Purchaser shall be in the same proportion as the total aggregate principal amount of the July 2003 Notes purchased by such Purchaser pursuant to the Original Agreement bears to $30,000,000.", "samples": [{"hash": "c2h6bY6iJIN", "uri": "/contracts/c2h6bY6iJIN#call-right", "label": "Securities Purchase Agreement (Warburg Pincus Private Equity Viii L P)", "score": 18.0, "published": true}, {"hash": "bqg4itRwTOQ", "uri": "/contracts/bqg4itRwTOQ#call-right", "label": "Securities Purchase Agreement (Warburg Pincus Private Equity Viii L P)", "score": 18.0, "published": true}, {"hash": "1e0zDKExoaa", "uri": "/contracts/1e0zDKExoaa#call-right", "label": "Securities Purchase Agreement (Proxim Corp)", "score": 18.0, "published": true}], "hash": "e6e2f057f580c8716dfd882451c7d11d", "id": 8}, {"snippet_links": [{"key": "the-last-sentence", "type": "clause", "offset": [15, 32]}, {"key": "this-subsection", "type": "definition", "offset": [36, 51]}, {"key": "the-company-shall", "type": "clause", "offset": [78, 95]}, {"key": "independent-committee", "type": "definition", "offset": [160, 181]}, {"key": "high-vote-stock", "type": "definition", "offset": [238, 253]}, {"key": "owned-by", "type": "definition", "offset": [267, 275]}, {"key": "each-member", "type": "definition", "offset": [276, 287]}, {"key": "at-the-time", "type": "definition", "offset": [288, 299]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [487, 509]}, {"key": "a-member", "type": "clause", "offset": [515, 523]}, {"key": "member-shares", "type": "definition", "offset": [559, 572]}, {"key": "exempt-transfer", "type": "clause", "offset": [580, 595]}, {"key": "other-transaction", "type": "clause", "offset": [599, 616]}, {"key": "prospective-purchaser", "type": "definition", "offset": [636, 657]}, {"key": "in-accordance-with", "type": "clause", "offset": [658, 676]}, {"key": "all-members", "type": "definition", "offset": [717, 728]}, {"key": "permitted-transferees", "type": "clause", "offset": [733, 754]}, {"key": "section-22", "type": "clause", "offset": [834, 845]}, {"key": "the-\u2587", "type": "clause", "offset": [946, 951]}, {"key": "call-agreement", "type": "clause", "offset": [957, 971]}, {"key": "the-call-right", "type": "clause", "offset": [1002, 1016]}, {"key": "notice-of", "type": "clause", "offset": [1036, 1045]}, {"key": "company-notice", "type": "definition", "offset": [1066, 1080]}, {"key": "at-any-time", "type": "clause", "offset": [1171, 1182]}, {"key": "during-the-period", "type": "clause", "offset": [1183, 1200]}, {"key": "commencing-on", "type": "clause", "offset": [1201, 1214]}, {"key": "date-of", "type": "clause", "offset": [1233, 1240]}, {"key": "close-of-business", "type": "definition", "offset": [1274, 1291]}, {"key": "legal-action", "type": "clause", "offset": [1363, 1375]}, {"key": "the-personal", "type": "clause", "offset": [1427, 1439]}, {"key": "for-\u2587", "type": "clause", "offset": [1458, 1463]}, {"key": "to-act", "type": "definition", "offset": [1501, 1507]}, {"key": "call-period", "type": "clause", "offset": [1585, 1596]}, {"key": "exercise-date", "type": "definition", "offset": [1674, 1687]}, {"key": "members-of-the", "type": "clause", "offset": [1733, 1747]}, {"key": "the-subject-shares", "type": "clause", "offset": [1786, 1804]}, {"key": "gross-purchase-price", "type": "definition", "offset": [1811, 1831]}, {"key": "equal-to", "type": "definition", "offset": [1852, 1860]}, {"key": "sum-of", "type": "clause", "offset": [1865, 1871]}, {"key": "amounts-determined", "type": "clause", "offset": [1876, 1894]}, {"key": "the-product", "type": "definition", "offset": [2011, 2022]}, {"key": "per-share-value", "type": "definition", "offset": [2030, 2045]}, {"key": "number-of-shares-of", "type": "clause", "offset": [2114, 2133]}, {"key": "series-purchase-price", "type": "definition", "offset": [2215, 2236]}, {"key": "the-gross", "type": "clause", "offset": [2284, 2293]}, {"key": "without-duplication", "type": "clause", "offset": [2429, 2448]}, {"key": "the-definition-of", "type": "definition", "offset": [2487, 2504]}, {"key": "fully-paid-and-nonassessable-shares", "type": "clause", "offset": [2715, 2750]}, {"key": "low-vote-stock", "type": "definition", "offset": [2754, 2768]}, {"key": "the-foregoing", "type": "clause", "offset": [2820, 2833]}, {"key": "group-representative", "type": "clause", "offset": [2850, 2870]}, {"key": "on-behalf-of", "type": "definition", "offset": [2872, 2884]}, {"key": "rights-of-the-company", "type": "clause", "offset": [2923, 2944]}, {"key": "section-31", "type": "definition", "offset": [2957, 2968]}, {"key": "notice-given", "type": "clause", "offset": [2981, 2993]}, {"key": "to-the-company", "type": "definition", "offset": [2994, 3008]}, {"key": "prior-to-the-closing-date", "type": "clause", "offset": [3026, 3051]}, {"key": "holder-election-notice", "type": "definition", "offset": [3058, 3080]}, {"key": "the-series", "type": "definition", "offset": [3209, 3219]}, {"key": "price-to-be-paid", "type": "clause", "offset": [3229, 3245]}, {"key": "series-stock-value", "type": "definition", "offset": [3356, 3374]}, {"key": "in-the-aggregate", "type": "definition", "offset": [3457, 3473]}, {"key": "gross-stock-value", "type": "definition", "offset": [3480, 3497]}, {"key": "closing-date-amount", "type": "definition", "offset": [3583, 3602]}, {"key": "right-to", "type": "definition", "offset": [3630, 3638]}, {"key": "public-sale", "type": "definition", "offset": [3658, 3669]}, {"key": "shares-purchased", "type": "definition", "offset": [3859, 3875]}, {"key": "timely-elected", "type": "definition", "offset": [3927, 3941]}, {"key": "to-receive", "type": "definition", "offset": [3976, 3986]}, {"key": "stock-to-be-delivered", "type": "clause", "offset": [4103, 4124]}, {"key": "for-sale", "type": "definition", "offset": [4443, 4451]}, {"key": "effective-registration-statement", "type": "clause", "offset": [4519, 4551]}, {"key": "exemption-from", "type": "clause", "offset": [4558, 4572]}, {"key": "requirements-of-the-securities-act", "type": "clause", "offset": [4590, 4624]}, {"key": "the-company-will", "type": "clause", "offset": [4626, 4642]}, {"key": "no-obligation-to-register", "type": "clause", "offset": [4652, 4677]}, {"key": "except-as-otherwise-provided", "type": "clause", "offset": [4701, 4729]}, {"key": "agreement-to-be", "type": "clause", "offset": [4755, 4770]}, {"key": "entered-into", "type": "clause", "offset": [4771, 4783]}, {"key": "the-company-and-the-holder", "type": "clause", "offset": [4787, 4813]}, {"key": "holder-registration", "type": "clause", "offset": [4895, 4914]}, {"key": "with-respect-to", "type": "clause", "offset": [4922, 4937]}, {"key": "less-favorable", "type": "definition", "offset": [4954, 4968]}, {"key": "granted-by", "type": "definition", "offset": [5012, 5022]}, {"key": "pursuant-to-the", "type": "definition", "offset": [5045, 5060]}, {"key": "certificates-for-the-shares", "type": "clause", "offset": [5126, 5153]}, {"key": "company-hereunder", "type": "clause", "offset": [5315, 5332]}, {"key": "amounts-payable", "type": "definition", "offset": [5338, 5353]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [5354, 5380]}, {"key": "agreed-by", "type": "definition", "offset": [5413, 5422]}, {"key": "transfer-of", "type": "clause", "offset": [5489, 5500]}, {"key": "day-funds", "type": "definition", "offset": [5506, 5515]}, {"key": "in-writing", "type": "definition", "offset": [5573, 5583]}, {"key": "business-days", "type": "definition", "offset": [5637, 5650]}, {"key": "before-the-closing-date", "type": "clause", "offset": [5651, 5674]}], "size": 35, "snippet": "(a) Subject to the last sentence of this subsection (a), upon \u2587\u2587\u2587\u2587\u2587\u2587'\u2587 death, the Company shall have the right (the \"Call Right\"), exercisable by action of the Independent Committee, to purchase all but not less than all of the shares of High Vote Stock beneficially owned by each Member at the time of \u2587\u2587\u2587\u2587\u2587\u2587'\u2587 death and all but not less than all of the shares of High Vote Stock that are then beneficially owned by any Permitted Transferee of any Member and which shares were acquired directly or indirectly from a Member or another Permitted Transferee of Member Shares in any Exempt Transfer or other transaction except a sale to a prospective Purchaser in accordance with Section 2.3(b) hereof (collectively for all Members and Permitted Transferees, the \"Subject Shares\"). The Company may not exercise its Call Right under this Section 2.2 unless it concurrently exercises its corresponding call right under the corresponding provisions of the \u2587\u2587\u2587\u2587\u2587\u2587 Call Agreement.\n(b) The Company may exercise the Call Right, by giving written notice of such exercise (the \"Company Notice\") to each Member and each such Permitted Transferee, if any (collectively, the \"Holder\"), at any time during the period commencing on and including the date of \u2587\u2587\u2587\u2587\u2587\u2587'\u2587 death and ending at the Close of Business on the 50th day after the date, following \u2587\u2587\u2587\u2587\u2587\u2587'\u2587 death, on which any legal action that may be required to confirm the appointment of the personal representative(s) for \u2587\u2587\u2587\u2587\u2587\u2587'\u2587 estate or for \u2587\u2587\u2587\u2587\u2587\u2587'\u2587 estate to act through its personal representative(s) has been completed (such period, the \"Call Period\"). The date the Company Notice is given to the Holder is referred to as the \"Exercise Date.\"\n(c) The total consideration payable to the members of the \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Group collectively for all of the Subject Shares (the \"Gross Purchase Price\") will be an amount equal to the sum of the amounts determined in accordance with the following formula for each series of High Vote Stock included in the Subject Shares: 110% of the product of the Per Share Value for such series as of the date of \u2587\u2587\u2587\u2587\u2587\u2587'\u2587 death, multiplied by the number of shares of such series included in the Subject Shares (such amount, as to each series, the \"Series Purchase Price\"). In calculating any Series Purchase Price or the Gross Purchase Price, the number of Subject Shares and the number of shares of any series included in the Subject Shares shall be calculated without duplication for any shares that may, by virtue of the definition of \"beneficially owned,\" be deemed to be beneficially owned by more than one Member.\n(d) The Gross Purchase Price will be payable in cash or, as to any series of High Vote Stock included in the Subject Shares, in fully paid and nonassessable shares of Low Vote Stock of the corresponding series, or any combination of the foregoing, as the \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Group Representative, on behalf of the Holder, may elect, subject to the rights of the Company pursuant to Section 3.1, by written notice given to the Company at least 60 days prior to the Closing Date (the \"Holder Election Notice\"). The Holder Election Notice shall specify as to each series of High Vote Stock included in the Subject Shares, the portion of the Series Purchase Price to be paid in Low Vote Stock of the corresponding series (such portion, as to each series of High Vote Stock, being the \"Series Stock Value\" and as to all series for which payment in Low Vote Stock has been elected being, in the aggregate, the \"Gross Stock Value\"). The Gross Purchase Price less the Gross Stock Value is herein referred to as the \"Closing Date Amount\". Subject to the Company's right to elect to require a public sale in accordance with Section 3, the Closing Date Amount shall be delivered to the \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Group Representative, on behalf of all Members and Permitted Transferees who held any of the Subject Shares purchased in cash on the Closing Date.\n(e) If the Holder has timely elected in accordance with Section 2.2(d) to receive any portion of the Gross Purchase Price in shares of Low Vote Stock, the number of shares of any series of Low Vote Stock to be delivered to the Holder on the Closing Date shall be equal to the quotient obtained by dividing (i) the Series Stock Value for the corresponding series of High Vote Stock by (ii) the Per Share Value of such corresponding series of High Vote Stock. The shares to be so delivered on the Closing Date will not have been registered for sale under the Securities Act and may not be sold except pursuant to an effective registration statement or an exemption from the registration requirements of the Securities Act. The Company will be under no obligation to register such shares for resale except as otherwise provided in a Registration Rights Agreement to be entered into by the Company and the Holder on or prior to the Closing Date pursuant to which the Company shall grant to the Holder registration rights with respect to such Shares not less favorable to the Holder than any registration rights granted by the Company to \u2587\u2587\u2587\u2587\u2587\u2587 pursuant to the \u2587\u2587\u2587\u2587\u2587\u2587 Call Agreement (the \"Registration Rights Agreement\"). The certificates for the shares of Low Vote Stock to be delivered to the Holder on the Closing Date shall bear a customary legend to the foregoing effect but shall be free of any rights of the Company hereunder.\n(f) Amounts payable pursuant to this Agreement in cash shall, unless otherwise agreed by the Company and the \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Group Representative, be paid by wire transfer of next day funds on or prior to the Closing Date to an account designated in writing by the \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Group Representative at least two (2) Business Days before the Closing Date.", "samples": [{"hash": "kyu5DN9sdL1", "uri": "/contracts/kyu5DN9sdL1#call-right", "label": "Call Agreement (Magness Securities LLC)", "score": 18.0, "published": true}, {"hash": "jhmToZrtReZ", "uri": "/contracts/jhmToZrtReZ#call-right", "label": "Call Agreement (Magness Gary D)", "score": 18.0, "published": true}, {"hash": "gQh4FQCT9Ip", "uri": "/contracts/gQh4FQCT9Ip#call-right", "label": "Call Agreement (Tele Communications Inc /Co/)", "score": 18.0, "published": true}], "hash": "17c24aeecfee7318203c684e188663bd", "id": 3}, {"snippet_links": [{"key": "section-10", "type": "definition", "offset": [38, 48]}, {"key": "the-closing", "type": "clause", "offset": [53, 64]}, {"key": "trading-days", "type": "definition", "offset": [103, 115]}, {"key": "threshold-price", "type": "definition", "offset": [136, 151]}, {"key": "the-company-will", "type": "clause", "offset": [160, 176]}, {"key": "the-right", "type": "clause", "offset": [182, 191]}, {"key": "unexercised-portion", "type": "definition", "offset": [245, 264]}, {"key": "this-warrant", "type": "clause", "offset": [268, 280]}, {"key": "exercise-notice", "type": "clause", "offset": [294, 309]}, {"key": "the-call-right", "type": "clause", "offset": [382, 396]}, {"key": "call-notice", "type": "clause", "offset": [439, 450]}, {"key": "closing-prices", "type": "definition", "offset": [527, 541]}, {"key": "to-exercise", "type": "clause", "offset": [626, 637]}, {"key": "the-company-shall", "type": "clause", "offset": [655, 672]}, {"key": "deliver-to", "type": "definition", "offset": [673, 683]}, {"key": "written-notice", "type": "definition", "offset": [710, 724]}, {"key": "notice-to-the-holders", "type": "clause", "offset": [816, 837]}, {"key": "call-date", "type": "definition", "offset": [866, 875]}, {"key": "receipt-of", "type": "clause", "offset": [904, 914]}, {"key": "in-accordance-with", "type": "clause", "offset": [997, 1015]}, {"key": "section-4", "type": "definition", "offset": [1016, 1025]}, {"key": "new-york-city-time", "type": "definition", "offset": [1100, 1118]}, {"key": "the-date-of-receipt", "type": "clause", "offset": [1154, 1173]}, {"key": "redemption-date", "type": "clause", "offset": [1199, 1214]}, {"key": "remaining-portion", "type": "definition", "offset": [1325, 1342]}, {"key": "the-company-covenants", "type": "clause", "offset": [1385, 1406]}, {"key": "with-respect-to", "type": "clause", "offset": [1457, 1472]}, {"key": "the-redemption", "type": "clause", "offset": [1582, 1596]}], "size": 16, "snippet": "(a) Subject to the provisions of this Section 10, if the Closing Price for any twenty (20) consecutive Trading Days exceeds $0.80 (the \u201cThreshold Price\u201d), then the Company will have the right, but not obligation (the \u201cCall Right\u201d) to redeem any unexercised portion of this Warrant for which an Exercise Notice has not yet been delivered (the \u201cCall Amount\u201d); provided, however, that the Call Right shall only be exercisable by delivering a Call Notice (as defined below) within ten (10) Trading Days of such period in which the Closing Prices for any twenty (20) consecutive Trading Days have exceeded the Threshold Price.\n(b) To exercise this Call Right, the Company shall deliver to the Holder an irrevocable written notice (a \u201cCall Notice\u201d), indicating the Call Amount. The date that the Company delivers the Call Notice to the Holders will be referred to as the \u201cCall Date.\u201d Within 30 Trading Days of receipt of the Call Notice, the Holder shall exercise this Warrant for up to the Call Amount in accordance with Section 4 above. Any portion of the Call Amount that is not exercised by 6:30 p.m. (New York City time) on the 30th Trading Day following the date of receipt of the Call Notice (the \u201cRedemption Date\u201d) shall be cancelled. Any unexercised portion of this Warrant to which the Call Notice does not pertain (the \u201cRemaining Portion\u201d) will be unaffected by such Call Notice. The Company covenants and agrees that it will honor any Exercise Notice with respect to the Call Amount that are tendered from the Call Date through and including 6:30 p.m. (New York City time) on the Redemption Date.", "samples": [{"hash": "k1NzGnBfN1P", "uri": "/contracts/k1NzGnBfN1P#call-right", "label": "Securities Purchase Agreement (International Isotopes Inc)", "score": 21.8323059082, "published": true}, {"hash": "dNyDsoupvVI", "uri": "/contracts/dNyDsoupvVI#call-right", "label": "Securities Agreement (International Isotopes Inc)", "score": 19.8323059082, "published": true}], "hash": "4ce89b1d55581645784592a1df63565b", "id": 6}, {"snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [0, 11]}, {"key": "right-to-exercise", "type": "definition", "offset": [35, 52]}, {"key": "the-call-right", "type": "clause", "offset": [53, 67]}, {"key": "in-accordance-with", "type": "clause", "offset": [68, 86]}, {"key": "the-procedures", "type": "definition", "offset": [87, 101]}, {"key": "this-section-2", "type": "clause", "offset": [115, 129]}], "size": 11, "snippet": "At any time, Propco shall have the right to exercise the Call Right in accordance with the procedures set forth in this Section 2.", "samples": [{"hash": "lkcImKngmpa", "uri": "/contracts/lkcImKngmpa#call-right", "label": "Call Right Agreement (Vici Properties Inc.)", "score": 28.7754955292, "published": true}, {"hash": "jmZswdvHBfs", "uri": "/contracts/jmZswdvHBfs#call-right", "label": "Call Right Agreement (Vici Properties Inc.)", "score": 28.7754955292, "published": true}, {"hash": "bDHDAuPuuq8", "uri": "/contracts/bDHDAuPuuq8#call-right", "label": "Call Right Agreement (Vici Properties Inc.)", "score": 28.7754955292, "published": true}], "hash": "30701ec8c5d06df563e87b42a9bf6a6b", "id": 10}, {"snippet_links": [{"key": "the-purchaser-shall", "type": "clause", "offset": [0, 19]}, {"key": "exercise-period", "type": "definition", "offset": [37, 52]}, {"key": "the-right", "type": "clause", "offset": [102, 111]}, {"key": "option-to-purchase", "type": "definition", "offset": [116, 134]}, {"key": "exercise-of", "type": "clause", "offset": [165, 176]}, {"key": "such-right", "type": "definition", "offset": [177, 187]}, {"key": "the-seller-shall", "type": "clause", "offset": [199, 215]}, {"key": "obligation-to-sell", "type": "clause", "offset": [225, 243]}, {"key": "a-portion", "type": "definition", "offset": [280, 289]}, {"key": "of-the-seller", "type": "clause", "offset": [290, 303]}, {"key": "call-exercise-notice", "type": "definition", "offset": [331, 351]}, {"key": "of-seller", "type": "clause", "offset": [488, 497]}, {"key": "condition-1", "type": "definition", "offset": [556, 567]}, {"key": "condition-2", "type": "definition", "offset": [572, 583]}, {"key": "in-case", "type": "clause", "offset": [613, 620]}, {"key": "the-companies", "type": "clause", "offset": [626, 639]}, {"key": "tax-income", "type": "definition", "offset": [707, 717]}, {"key": "us-gaap", "type": "clause", "offset": [739, 746]}, {"key": "fiscal-year-ending", "type": "definition", "offset": [756, 774]}, {"key": "by-the-seller", "type": "clause", "offset": [929, 942]}, {"key": "the-price", "type": "clause", "offset": [946, 955]}, {"key": "condition-3", "type": "clause", "offset": [1000, 1011]}, {"key": "purpose-of", "type": "clause", "offset": [1030, 1040]}, {"key": "right-to", "type": "definition", "offset": [1109, 1117]}, {"key": "granted-to", "type": "definition", "offset": [1121, 1131]}, {"key": "the-company-and-its-subsidiaries", "type": "clause", "offset": [1154, 1186]}, {"key": "in-this-agreement", "type": "clause", "offset": [1344, 1361]}, {"key": "provision-of", "type": "clause", "offset": [1400, 1412]}, {"key": "the-conditions", "type": "clause", "offset": [1568, 1582]}, {"key": "to-exercise", "type": "clause", "offset": [1626, 1637]}, {"key": "transfer-to", "type": "clause", "offset": [1687, 1698]}, {"key": "immediately-upon-the", "type": "clause", "offset": [1755, 1775]}], "size": 21, "snippet": "The Purchaser shall have, during the Exercise Period (as defined below), and when a Condition is met, the right and option to purchase from the Seller, and upon the exercise of such right and option the Seller shall have the obligation to sell to the Purchaser or his Nominee(s), a portion of the Seller\u2019s Shares identified in the Call Exercise Notice (the \u201cCall Right\u201d). Purchaser or Nominee(s) shall be permitted to purchase, and Seller shall be obligated to sell, the following number of Seller\u2019s Shares upon the attainment of the following Conditions: Condition 1 40% Condition 2 30% Condition 2 30% However, in case that the Companies and their subsidiaries achieve not less than $ 12 million in after-tax income, as determined under US GAAP, for the fiscal year ending December 31, 2010, then the Purchaser or his Nominee(s) shall be permitted to purchase and the Seller shall be obligated to sell, all Seller Shares owned by the Seller at the price of USD 1.00 and it shall be considered that Condition 3 has been met; for purpose of avoiding doubt, under such circumstance, there will be no more call right to be granted to the Purchaser even if the Company and its subsidiaries achieves not less than $ 12 million in after-tax income, as determined under US GAAP, for the fiscal year ending December 31, 2011. Notwithstanding anything in this Agreement, in case that the Seller violates any provision of this Agreement, the Purchaser shall receive an irrevocable Call Right to any and all of the Seller\u2019s Shares then held by the Seller, without any regard to the Conditions being met. The Purchaser shall be entitled to exercise such Call Right immediately and the Seller shall transfer to the Purchaser or his Nominee(s) all the Seller\u2019s Shares immediately upon the Purchaser\u2019s or his Nominee(s)\u2019s exercise of such Call Right.", "samples": [{"hash": "dCrb7j583OF", "uri": "/contracts/dCrb7j583OF#call-right", "label": "Call Option Agreement (Ciglarette, Inc.)", "score": 22.1772766113, "published": true}, {"hash": "3Ve8W4NLbOZ", "uri": "/contracts/3Ve8W4NLbOZ#call-right", "label": "Call Option Agreement (Ciglarette, Inc.)", "score": 22.1772766113, "published": true}], "hash": "938d141743b40445836f1c4f2d39f77b", "id": 4}, {"snippet_links": [{"key": "notwithstanding-anything-to-the-contrary", "type": "clause", "offset": [0, 40]}, {"key": "section-37", "type": "clause", "offset": [49, 60]}, {"key": "redeeming-holder", "type": "definition", "offset": [64, 80]}, {"key": "to-sell", "type": "clause", "offset": [113, 120]}, {"key": "class-a-units", "type": "definition", "offset": [125, 138]}, {"key": "company-warrants", "type": "clause", "offset": [146, 162]}, {"key": "member-of-the", "type": "clause", "offset": [209, 222]}, {"key": "pubco-holdings-group", "type": "definition", "offset": [223, 243]}, {"key": "sole-discretion", "type": "clause", "offset": [341, 356]}, {"key": "in-accordance-with", "type": "clause", "offset": [358, 376]}, {"key": "notice-to-the", "type": "clause", "offset": [428, 441]}, {"key": "business-days-of", "type": "clause", "offset": [476, 492]}, {"key": "the-redemption-notice", "type": "definition", "offset": [505, 526]}, {"key": "redemption-date", "type": "clause", "offset": [611, 626]}, {"key": "number-of-class-a-shares", "type": "clause", "offset": [666, 690]}, {"key": "pubco-warrants", "type": "definition", "offset": [694, 708]}, {"key": "pursuant-to-section", "type": "clause", "offset": [770, 789]}, {"key": "cash-election-amount", "type": "definition", "offset": [900, 920]}, {"key": "the-class", "type": "definition", "offset": [1072, 1081]}, {"key": "the-owner", "type": "definition", "offset": [1178, 1187]}, {"key": "the-company-shall", "type": "clause", "offset": [1257, 1274]}, {"key": "with-respect-to", "type": "clause", "offset": [1315, 1330]}], "size": 15, "snippet": "Notwithstanding anything to the contrary in this Section 3.7, a Redeeming Holder shall be deemed to have offered to sell its Class A Units and/or Company Warrants as described in any Redemption Notice to each member of the PubCo Holdings Group, and PubCo (or such other member(s) of the PubCo Holdings Group designated by PubCo) may, in its sole discretion, in accordance with this Section 3.7(f), elect, by delivery of written notice to the Redeeming Holder within three (3) Business Days of delivery of the Redemption Notice, to purchase directly and acquire such Class A Units and/or Company Warrants on the Redemption Date by paying to the Redeeming Holder that number of Class A Shares or PubCo Warrants, as applicable, the Redeeming Holder would otherwise receive pursuant to Section 3.7(e)(i) or, if PubCo (or such designated member(s) of the PubCo Holdings Group ) makes a Cash Election, the Cash Election Amount for such Class A Shares or PubCo Warrants (the \u201cCall Right\u201d), whereupon PubCo (or such designated member(s) of the PubCo Holdings Group) shall acquire the Class A Units and/or Company Warrants offered for redemption by the Redeeming Holder and shall become the owner thereof. If the Company does not timely deliver such written notice, the Company shall be deemed to have waived its Call Right with respect to the Redemption described in the Redemption Notice.", "samples": [{"hash": "b11eVjjLTpE", "uri": "/contracts/b11eVjjLTpE#call-right", "label": "Limited Liability Company Agreement (NET Power Inc.)", "score": 36.1868591309, "published": true}, {"hash": "3OAfY1rFQmz", "uri": "/contracts/3OAfY1rFQmz#call-right", "label": "Limited Liability Company Agreement (NET Power Inc.)", "score": 34.4483222961, "published": true}, {"hash": "2jY3PhZ4v6a", "uri": "/contracts/2jY3PhZ4v6a#call-right", "label": "Limited Liability Company Agreement (Rice Acquisition Corp. 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Purchaser or Nominee(s) shall be permitted to purchase, and Seller shall be obligated to sell, the following number of Seller\u2019s Shares upon the attainment of the following Conditions: Condition The percentage that Seller\u2019s Shares take up in total share capital of Holding Co. as to which there is a Call Right Condition 1 Condition 2 50 % Condition 3 Up to 100 % Notwithstanding anything in this Agreement, in case that the Seller violates any provision of this Agreement, the Purchaser shall receive an irrevocable Call Right to any and all of the Seller\u2019s Shares then held by the Seller, without any regard to the Conditions being met. The Purchaser shall be entitled to exercise such Call Right immediately and the Seller shall transfer to the Purchaser or his Nominee(s) all of the Seller\u2019s Shares immediately upon the Purchaser\u2019s or his Nominee(s)\u2019s exercise of such Call Right.", "samples": [{"hash": "b7cuYsd66dK", "uri": "/contracts/b7cuYsd66dK#call-right", "label": "Call Option Agreement (Birch Branch Inc)", "score": 21.4982891083, "published": true}, {"hash": "9KYxzzaID4D", "uri": "/contracts/9KYxzzaID4D#call-right", "label": "Call Option Agreement (Birch Branch Inc)", "score": 21.4982891083, "published": true}, {"hash": "8GZ2vJMm7Np", "uri": "/contracts/8GZ2vJMm7Np#call-right", "label": "Call Option Agreement (Birch Branch Inc)", "score": 21.4982891083, "published": true}], "hash": "a3233984238c63889a6e55831ccc0df8", "id": 5}], "next_curs": "ClMSTWoVc35sYXdpbnNpZGVyY29udHJhY3Rzci8LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhNjYWxsLXJpZ2h0IzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"parents": [["call-right", "Call Right"], ["amendments-to-standard-terms", "Amendments to Standard Terms"], ["miscellaneous", "Miscellaneous"], ["put-and-call-rights", "Put and Call Rights"], ["distributions-and-reports-to-certificateholders", "Distributions and Reports to Certificateholders"]], "size": 794, "children": [["call-right", "Call Right"], ["call-price", "Call Price"], ["call-period", "Call Period"], ["exercise-process", "Exercise Process"], ["delivery-of-the-shares", "Delivery of the Shares"]], "title": "Call Right", "id": "call-right", "related": [["call-rights", "Call Rights", "<strong>Call Rights</strong>"], ["put-right", "Put Right", "Put Right"], ["put-option", "Put Option", "Put Option"], ["call-option", "Call Option", "Call Option"], ["recall-rights", "Recall Rights", "Recall Rights"]], "related_snippets": [], "updated": "2026-04-18T05:49:41+00:00"}, "json": true, "cursor": ""}}