Common use of Closing of Purchase; Payment of Purchase Price Clause in Contracts

Closing of Purchase; Payment of Purchase Price. Subject to Section 6(f), the closing of a purchase pursuant to this Section 6 shall take place at the principal office of the Company no later than the 100th day following the Determination Date (or, in the case of a purchase pursuant to Section 6(b), no later than 10 business days following the Company’s receipt of written notice from the Employee pursuant to Section 6(b)). At the closing, (i) the Company shall, subject to Section 6(e), pay the Purchase Price to the Employee and (ii) if the Employee actually holds any certificates or other instruments representing the Shares so purchased, the Employee shall deliver to the Company such certificates or other instruments, appropriately endorsed by the Employee or directing that the shares be so transferred to the purchaser thereof, as the Company may reasonably require.

Appears in 2 contracts

Samples: Employee Stock Subscription Agreement (RSC Equipment Rental, Inc.), Employee Stock Subscription Agreement (RSC Holdings Inc.)

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Closing of Purchase; Payment of Purchase Price. Subject to Section 6(f), the closing of a purchase pursuant to this Section 6 shall take place at the principal office of the Company no later than the 100th day following the Determination Date (or, in the case of a purchase pursuant to Section 6(b), no later than 10 business days following the Company’s 's receipt of written notice from the Employee pursuant to Section 6(b)). At the closing, (i) the Company shall, subject to Section 6(e), pay the Purchase Price to the Employee and (ii) if the Employee actually holds any certificates or other instruments representing the Shares so purchased, the Employee shall deliver to the Company such certificates or other instruments, appropriately endorsed by the Employee or directing that the shares be so transferred to the purchaser thereof, as the Company may reasonably require.

Appears in 2 contracts

Samples: Employee Stock Subscription Agreement (RSC Holdings Inc.), Employee Stock Subscription Agreement (RSC Holdings III, LLC)

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Closing of Purchase; Payment of Purchase Price. Subject to Section 6(f5(f), the closing of a purchase pursuant to this Section 6 5 shall take place at the principal office of the Company no later than the 100th 90th day following the Determination Date (or, in the case of a purchase pursuant to Section 6(b5(b), no later than 10 business days following the Company’s receipt of written notice from the Employee Director pursuant to Section 6(b5(b)). At the closing, (i) the Company or the CD&R Investors, as the case may be, shall, subject to Section 6(e5(e), pay the Purchase Price to the Employee Director and (ii) if the Employee Director actually holds any certificates or other instruments representing the Shares so purchased, the Employee Director shall deliver to the Company such certificates or other instruments, appropriately endorsed by the Employee Director or directing that the shares be so transferred to the purchaser thereof, as the Company may reasonably require.

Appears in 1 contract

Samples: Director Stock Subscription Agreement (Servicemaster Co, LLC)

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