Disposition or Transfer Sample Clauses

Disposition or Transfer. Notwithstanding any other provision of this Agreement, the Optionee agrees, for himself or herself and his or her successors, that he or she will not sell, pledge or otherwise dispose of shares issued upon the exercise of the Option until the first to occur of the following: (i) the average closing price for the Shares on the Nasdaq National Market system, or principal stock exchange on which the Shares are then listed, over the any 20 consecutive trading days following the Date of Xxxxx equals or exceeds $10, or (ii) seven years have elapsed since the Date of Xxxxx. If Optionee intends to dispose of shares issued upon the exercise of the Option, Optionee will provide to XM a written notice describing the proposed transfer and indicating which of the prior clauses has been satisfied.
Sample 1Sample 2
AutoNDA by SimpleDocs
Disposition or Transfer. Notwithstanding any other provision of this Agreement, the Optionee agrees, for himself or herself and his or her successors, that for seven years following the date hereof, shares issued upon the exercise of the Option may not be sold at any time that the current trading price of XMSR Class A Common Stock does not represent at least a 10% increase over the Option Price. The foregoing shall be subject to (and limited by) the terms of any Employment Agreement in effect from time to time between XM and the Optionee. If Optionee intends to dispose of shares issued upon the exercise of the Option, Optionee will provide to XM a written notice describing the proposed transfer and indicating which of the prior clauses has been satisfied.
Sample 1

Related to Disposition or Transfer

  • Sale or Transfer 1. In the event of a sale or transfer of a store or stores, an employee shall be allowed a seven (7) day period from the date of announcement to the employees of the sale or transfer during which time he may determine whether he wishes to stay with the seller or whether he wishes to make application for employment with the new owner or transferee. In the event the employee chooses to remain with the seller, such choice shall not be construed as any guarantee of employment over and beyond the terms of this Agreement.

  • No Sale or Transfer No Receivable has been sold, transferred, assigned or pledged by the Depositor to any Person other than the Issuer.

  • Disposition The HSP will not, without the LHIN’s prior written consent, sell, lease or otherwise dispose of any assets purchased with Funding, the cost of which exceeded $25,000 at the time of purchase.

  • Disposition of Proceeds The Security Documents contain an assignment by the Borrower and/or the Guarantors unto and in favor of the Collateral Agent for the benefit of the Lenders of all of the Borrower’s or each Guarantor’s interest in and to their as-extracted collateral in the form of production and all proceeds attributable thereto which may be produced from or allocated to the Mortgaged Property. The Security Documents further provide in general for the application of such proceeds to the satisfaction of the Obligations described therein and secured thereby. Notwithstanding the assignment contained in such Security Documents, until the occurrence of an Event of Default, (a) the Administrative Agent and the Lenders agree that they will neither notify the purchaser or purchasers of such production nor take any other action to cause such proceeds to be remitted to the Administrative Agent or the Lenders, but the Lenders will instead permit such proceeds to be paid to the Borrower and its Subsidiaries and (b) the Lenders hereby authorize the Administrative Agent to take such actions as may be necessary to cause such proceeds to be paid to the Borrower and/or such Subsidiaries.

  • Withdrawals or Transfers All requests for withdrawal or transfer will be in writing on a form provided by or acceptable to us. The method of distribution must be specified in writing or in any other method acceptable to us. The tax identification number of the recipient must be provided to us before we are obligated to make a distribution. Withdrawals will be subject to all applicable tax and other laws and regulations, including but not limited to possible early distribution penalty taxes, surrender charges, and withholding requirements.

  • Assignment or Transfer Consultant shall not assign, hypothecate, or transfer, either directly or by operation of law, this Agreement or any interest herein without the prior written consent of the City. Any attempt to do so shall be null and void, and any assignees, hypothecates or transferees shall acquire no right or interest by reason of such attempted assignment, hypothecation or transfer.

  • Disposition of Property Dispose of any of its property, whether now owned or hereafter acquired, or, in the case of any Subsidiary, issue or sell any shares of such Subsidiary’s Capital Stock to any Person, except:

  • Disposition of Collateral Such Grantor will not sell, lease or otherwise dispose of the Collateral owned by it except for dispositions specifically permitted pursuant to Section 6.05 of the Credit Agreement.

  • Sale or Transfer of Assets; Suspension of Business Operations The Borrower will not sell, lease, assign, transfer or otherwise dispose of (i) the stock of any Subsidiary, (ii) all or a substantial part of its assets, or (iii) any Collateral or any interest therein (whether in one transaction or in a series of transactions) to any other Person other than the sale of Inventory in the ordinary course of business and will not liquidate, dissolve or suspend business operations. The Borrower will not in any manner transfer any property without prior or present receipt of full and adequate consideration.

  • ADJUSTMENTS TO THE RIGHTS IN THE EVENT OF CERTAIN TRANSACTIONS 3.1 Flip-in Event

Time is Money Join Law Insider Premium to draft better contracts faster.