Common use of Closing of Repurchase Clause in Contracts

Closing of Repurchase. The closing of a repurchase transaction will take place on the date designated by the Company or Investor in the Company Repurchase Notice, which date will not be more than two hundred ten (210) days after the Termination Date, as applicable, and no earlier than any date set forth in the Company Repurchase Notice. The Company or, if applicable, Investor will pay for any Vested Units to be purchased pursuant to a Company Repurchase Option by first offsetting any amounts owed by the holder(s) of such Vested Units or such holder’s affiliates to the Company and any of its Subsidiaries and then paying any remaining amounts by cash or a cashier’s check payable to the holder(s) of such Vested Units in an aggregate amount equal to their share of the aggregate repurchase price for such Vested Units. The Company or, if applicable, Investor will receive customary representations and warranties from each seller including with respect to such seller’s ownership and title to the Vested Units and capacity to transfer the Vested Units.