Company Right to Repurchase Sample Clauses

Company Right to Repurchase. The Company shall have the right and option (the “Repurchase Right”) to repurchase all or any portion of the Shares issuable to Participant pursuant to this Restricted Stock Award as follows:
Sample 1
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Company Right to Repurchase. Notwithstanding anything to the contrary contained in this Agreement, subject to the terms and conditions set forth below, the Company shall have the right to repurchase all (but not less than all) of this Warrant (to the extent not previously exercised) for the Repurchase Price (defined below) at any time on or after the date on which all of the Repurchase Conditions (defined below) have been met. As used in this Section 12: (a) "Repurchase Conditions" means (i) the Company, on or before 5:00 PM, Eastern time on June 30, 2000, shall have paid in full all amounts (including, without limitation, principal, accrued interest and other charges) owing, and otherwise fully performed all of its obligations, under the Loan Agreement and all instruments and other evidences of indebtedness issued thereunder, (ii) the average closing or last sale price of a share of the Company's Common Stock on the national securities exchange or NASDAQ National Market System on which shares of the
Sample 1
Company Right to Repurchase. At such time as Employee becomes unemployed by the Company or any of its affiliates for any reason whatsoever (whether due to death, Total Disability, voluntary resignation, involuntary termination or any other reason) , the Company will have an assignable right, but not an obligation, to repurchase any Unvested Shares owned by Employee at the time of termination for a price equal to two cents ($.02) per share, subject to appropriate adjustment for stock splits and combinations.
Sample 1
Company Right to Repurchase. Subject to Section 5 above, at such time as Employee is no longer employed by the Company or any of its affiliates for any reason whatsoever (whether due to death, Disability, voluntary resignation, involuntary termination or any other reason), the Company will have an assignable right, but not an obligation, to repurchase any Unvested Restricted Stock owned by Employee at the time of termination for a price equal to one-half cent ($0.005) per share, subject to appropriate adjustment for stock splits and combinations.
Sample 1
Company Right to Repurchase. Upon notice to the Participant at any time, the Company shall have the right to repurchase all shares of the Company acquired and held by the Participant pursuant to the exercise of this Stock Option. The repurchase price shall be the greater of (i) the most recently determined, as of the date of closing, Fair Market Value of the Optioned Shares and (ii) the purchase price of the Optioned Shares paid by Participant. Upon repurchase by the Company, the Participant shall receive in cash the purchase price of the Optioned Shares paid by the Participant; the balance of the repurchase price shall be paid in cash or with a five year unsecured promissory note bearing interest equal to a publicly announced prime interest rate selected by the Company, adjusted quarterly.
Sample 1
Company Right to Repurchase. In the event of termination of a Management Holder's (hereinafter defined) employment with the Company and its Subsidiaries (as defined below) either voluntarily by such Management Holder or for "cause" (as such term is defined in such Management Holder's employment agreement), the Company shall have the right, exercisable by written notice to the Management Holder at any time prior to the expiration of the ninety (90) day period following such termination of employment, to elect to repurchase all or any portion of the Capital Stock (including vested options) held, directly or indirectly, by such Management Holder and its permitted transferees (the "Eligible Stock"), at a cash price per share equal to (i) in the case of termination of such Management Holder for "cause", the fair market value of the Eligible Stock (or, in the case of vested options, the excess of such fair market value over the per-share exercise price under such options), in each case at a thirty-five percent (35%) discount, and (ii) in the case of the voluntary termination by such Management Holder, the fair market value of the Eligible Stock (or, in the case of vested options, the excess of such fair market value over the per-share exercise price under such options), in either case, as appropriately adjusted for stock splits, stock dividends, combinations, reclassifications and other similar transactions. A "Management Holder" is a holder of Capital Stock who has agreed to be bound by the provisions hereof and is or was an employee of the Company.
Sample 1

Related to Company Right to Repurchase

  • Right to Repurchase CMSI cannot exercise its right to repurchase the mortgage loans pursuant to section 9.1(a) of the Standard Terms unless · the aggregate scheduled principal balance of the mortgage loans is less than $49,678,132.50 at the time of repurchase, and · if there is an insured class outstanding and the exercise of such repurchase right would result in a draw under any certificate insurance policy, the Insurer has previously consented.

  • Right to Require Repurchase In the event that a Change in Control (as hereinafter defined) shall occur, then each Holder shall have the right, at the Holder's option, but subject to the provisions of Section 602, to require the Company to repurchase, and upon the exercise of such right the Company shall repurchase, all of such Holder's Notes not theretofore called for redemption, or any portion of the principal amount thereof that is equal to $1,000 or any integral multiple of $1,000 in excess thereof (provided that no single Note may be repurchased in part unless -------- the portion of the principal amount of such Note to be Outstanding after such repurchase is equal to $1,000 or integral multiples of $1,000 in excess thereof), on the date (the "Repurchase Date") that is 45 days after the date of the Company Notice (as defined in Section 603) at a purchase price equal to 100% of the principal amount of the Notes to be repurchased plus interest accrued to, but excluding, the Repurchase Date (including any unpaid interest that has accrued during the Extension Period) (the "Repurchase Price"); provided, -------- however, that installments of interest on Notes whose Stated Maturity is on or ------- prior to the Repurchase Date shall be payable to the Holders of such Notes, or one or more Predecessor Notes, registered as such on the relevant Record Date according to their terms and the provisions of Section 307 of the Indenture. Such right to require the repurchase of the Notes shall not continue after a discharge of the Company from its obligations with respect to the Notes in accordance with Article Four of the Indenture, unless a Change in Control shall have occurred prior to such discharge. At the option of the Company, the Repurchase Price may be paid in cash or, subject to the fulfillment by the Company of the conditions set forth Section 602, by delivery of shares of Common Stock having a fair market value equal to the Repurchase Price. Whenever in this Supplemental Indenture or the Indenture (including in the Form of Note, Section 101 of this Supplemental Indenture, and Sections 501(1) and 508 of the Indenture) there is a reference, in any context, to the principal of any Note as of any time, such reference shall be deemed to include reference to the Repurchase Price payable in respect of such Note to the extent that such Repurchase Price is, was or would be so payable at such time, and express mention of the Repurchase Price in any provision of this Supplemental Indenture shall not be construed as excluding the Repurchase Price in those provisions of this Supplemental Indenture or Indenture when such express mention is not made; provided, however, that for the purposes of Article Fifteen of the Indenture -------- ------- such reference shall be deemed to include reference to the Repurchase Price only to the extent the Repurchase Price is payable in cash. Section 602 Conditions to the Company's Election to Pay the Repurchase Price in Common Stock. The Company may elect to pay the Repurchase Price by delivery of shares of Common Stock pursuant to Section 601 if and only if the following conditions shall have been satisfied:

  • Company Right to Purchase For 30 days following its receipt of such Transfer Notice, the Company shall have the option to purchase all or part of the Offered Shares at the price and upon the terms set forth in the Transfer Notice. In the event the Company elects to purchase all or part of the Offered Shares, it shall give written notice of such election to the Participant within such 30-day period. Within 10 days after his or her receipt of such notice, the Participant shall tender to the Company at its principal offices the certificate or certificates representing the Offered Shares to be purchased by the Company, duly endorsed in blank by the Participant or with duly endorsed stock powers attached thereto, all in a form suitable for transfer of the Offered Shares to the Company. Promptly following receipt of such certificate or certificates, the Company shall deliver or mail to the Participant a check in payment of the purchase price for such Offered Shares; provided that if the terms of payment set forth in the Transfer Notice were other than cash against delivery, the Company may pay for the Offered Shares on the same terms and conditions as were set forth in the Transfer Notice; and provided further that any delay in making such payment shall not invalidate the Company’s exercise of its option to purchase the Offered Shares.

  • Reservation of Right to Revise Transaction Buyer may at any time change the method of effecting the acqui- sition of Seller or Seller's Subsidiaries by Buyer and Seller shall cooperate in such efforts (including without limitation (a) the provisions of this Article I and (b) causing the merger of Roosevelt Bank, a wholly owned subsidiary of Seller ("Seller Bank") and/or any of the Banks (as defined herein) with any depository institution which is a Subsidiary of Buyer (any such merger together with the Merger being referred to herein as the "Transactions")) if and to the extent it deems such change to be desirable, including without limitation to provide for a merger of Seller directly into Buyer, in which Buyer is the surviving corporation, provided, however, that no such change shall (A) alter or change the amount or kind of consideration to be issued to holders of Seller Common Stock as provided for in this Agreement (the "Merger Consideration"), (B) adversely affect the tax treatment to Seller's stockholders as a result of receiving the Merger Consideration or (C) materially delay receipt of any approval referred to in Section 6.01(b) or the consummation of the transactions contemplated by this Agree- ment.

  • Company Right of First Refusal (a) Before the Warrant, any portion thereof or any Shares may be sold or otherwise transferred by the Holder, the Company shall have a right of first refusal to purchase the Warrant, such portion thereof and/or any such Shares, as the case may be, on the terms and conditions set forth in this Section 11.

  • Right to Redeem The Board of Directors of the Company may, at its option, at any time prior to a Trigger Event, redeem all but not less than all of the then outstanding Rights at a redemption price of $.01 per Right, appropriately adjusted to reflect any stock split, stock dividend, recapitalization or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), and the Company may, at its option, pay the Redemption Price in Common Shares (based on the "current per share market price," determined pursuant to Section 11.4, of the Common Shares at the time of redemption), cash or any other form of consideration deemed appropriate by the Board of Directors. The redemption of the Rights by the Board of Directors may be made effective at such time, on such basis and subject to such conditions as the Board of Directors in its sole discretion may establish.

  • Right of Holders to Require the Company to Repurchase Notes Upon a Fundamental Change Subject to the other terms of this Section 4.02, if a Fundamental Change occurs, then each Holder will have the right (the “Fundamental Change Repurchase Right”) to require the Company to repurchase such Holder’s Notes (or any portion thereof in an Authorized Denomination) on the Fundamental Change Repurchase Date for such Fundamental Change for a cash purchase price equal to the Fundamental Change Repurchase Price.

  • Right of the Company to Redeem the Notes The Company will have the right to redeem the Notes for cash in the manner, and subject to the terms, set forth in Section 4.03 of the Indenture.

  • Right to Revoke Employee may revoke this Agreement by notice to Company, in writing, received within seven (7) days of the date of its execution by Employee (the “Revocation Period”). Employee agrees that Employee will not receive the benefits provided by this Agreement if Employee revokes this Agreement. Employee also acknowledges and agrees that if Company has not received from Employee notice of Employee’s revocation of this Agreement prior to the expiration of the Revocation Period, Employee will have forever waived Employee’s right to revoke this Agreement, and this Agreement shall thereafter be enforceable and have full force and effect.

  • Right to Re-enter In the event of any such default by Tenant, Landlord shall have the right, after terminating this Lease, to re-enter the Premises and remove all persons and property. Such property may be removed and stored in a public warehouse or elsewhere at the cost of and for the account of Tenant, and disposed of by Landlord in any manner permitted by law.

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