Exercise by the Company. (a) For a period of twenty (20) days (the “Initial Exercise Period”) after the last date on which the Transfer Notice is, pursuant to Section 8.1, deemed to have been delivered to the Company and all Eligible Investors, the Company shall have the right to purchase all or any part of the Offered Shares on the terms and conditions set forth in this Section 3. In order to exercise its right hereunder, the Company must deliver written notice to Seller within the Initial Exercise Period.
Exercise by the Company. The Company has the Right of First Refusal to purchase all or any part of the Offered Stock, if the Company gives written notice of the exercise of such right to the Seller within fifteen (15) days (the “Notice Period”) after the last date on which the Transfer Notice is, pursuant to Section 12.5 hereof, deemed to be effective as to the Company or a Key Shareholder, as the case may be. In the event that the Company elects not to purchase all of the Offered Stock, the remaining shares of Offered Stock may be purchased by the Key Shareholders as set forth in Section 3.2 below. Within five (5) days after expiration of the Notice Period, the Company will give written notice (the “Company’s Expiration Notice”) to the Seller and the Key Shareholders specifying either (A) that all or a part of the Offered Stock was purchased by the Company exercising its Right of First Refusal or (B) that the Company waived its right to purchase the specified number of Offered Stock.
Exercise by the Company. For a period of twenty (20) days after the Transfer Notice has been last delivered to the Company and the Members (the “Exercise Period”), the Company shall have the right to purchase all, or any part of the Transfer Interests, on the same terms and conditions as specified in the Transfer Notice. To exercise its Right of First Refusal, the Company must deliver written notice to Seller of such exercise during the Exercise Period indicating the number of Transfer Interests it wishes to purchase pursuant to the Right of First Refusal.
Exercise by the Company. Any repurchase by the Company pursuant to this Section 4 shall be exercisable by written notice to the Purchaser or his executor (with a copy to the Escrow Agent) given within the applicable time period, and such notice if given shall constitute an irrevocable offer by the Company to repurchase the Shares covered thereby. Such notice shall set forth the number of Shares to be repurchased and the aggregate repurchase price thereof, as determined by the Board in good faith as of a date no more than ten days prior to such repurchase. Within five days after delivery of such notice, upon delivery by the Escrow Agent to the Company of the Shares being repurchased, together with one or more related stock powers executed by the Purchaser in blank, and upon receipt by the Company of a representation by the Purchaser that he owns the Shares being repurchased, the Company shall pay to the Purchaser in immediately available funds an amount equal to the aggregate repurchase price of the Shares being repurchased.
Exercise by the Company. (a) For a period of 20 days (the “Initial Exercise Period”) after the last date on which the Transfer Notice is, pursuant to Section 8.1, deemed to have been delivered to the Company and all Eligible Investors, the Company shall have the right to purchase all or any part of the Offered Shares on the terms and conditions set forth in this Section 3. In order to exercise its right hereunder, the Company must deliver written notice to Seller within the Initial Exercise Period. If the Board determines, in its sole discretion, that the Company is prohibited by law or by contract from exercising the Company’s Right of First Refusal, the Company may specify another person or entity who shall not be a current stockholder of the Company and who shall be unanimously approved by the Board, excluding any board member who is also a Seller, as its designee to purchase such Offered Shares.
Exercise by the Company. The Company has the Right of First Refusal to purchase all or any part of the Offered Shares, if the Company gives written notice of the exercise of such right to the Seller within thirty (30) days (the “Company’s Refusal Period”) after the date on which the Transfer Notice is given to the Company. Any Offered Shares purchased by the Company pursuant to its exercise of the Right of First Refusal shall be cancelled.
Exercise by the Company. Within five (5) days after the expiration of the Overallotment Refusal Period, the Key Founder Seller or the Other Shareholder Seller (as the case may be) proposing to Transfer the Offered Shares will give written notices to the Company and each Preferred Shareholder (the “Confirmation Notice”) specifying the number of Offered Shares that have been elected for purchase by the Preferred Shareholders exercising their Rights of First Refusal pursuant to Section 3(b) and the number of Offered Shares, if any, that remains available for Transfer (the “Remaining Shares”). The Company shall have the right to purchase, and subsequently cancel in accordance with the laws of the Cayman Islands all or any part of the Remaining Shares if the Company gives written notice of the exercise of such right to the Key Founder Seller or the Other Shareholder Seller (as the case may be) proposing to Transfer the Offered Shares within ten (10) days of delivery of the Confirmation Notice to the Company and each of the Preferred Shareholders.
Exercise by the Company. (a) For a period of twenty (20) days (the “Initial Exercise Period”) after the last date on which the Transfer Notice is, pursuant to Section 8.1, deemed to have been delivered to the Company and all Eligible Investors, the Company shall have the right to purchase all or any part of the Offered Shares on the terms and conditions set forth in this Section 3. In order to exercise its right hereunder, the Company must deliver written notice to Seller within the Initial Exercise Period. In the event that the Company’s Board of Directors determines, in its sole discretion, that the Company is prohibited by law or by contract from exercising the Company’s Right of First Refusal, the Company may specify another person or entity who shall not be a current shareholder of the Company and who shall be unanimously approved by the Board of Directors, excluding any board member who is also a Seller, as its designee to purchase such Offered Shares.
Exercise by the Company. The Company has the Right of First Refusal to purchase all or any part of the IAO Common Stock, if the Company gives written notice of the exercise of such right to the Seller within 30 days (the “Company Refusal Period”) after the last date on which the Notice of Transfer, a form of which is attached hereto as Exhibit A (“IAO Common Stock Transfer Notice”) is, pursuant to Section 5(A) hereof, deemed to have been delivered by Seller to the Company. Within five (5) days after the expiration of the Company Refusal Period (the “Company Confirmation Notice Period”), the Seller will give written notice to the Company specifying the number of shares of Offered Stock purchased by the Company (the “Company Confirmation Notice”). The Company Confirmation Notice shall also specify the number of shares not purchased, if any, under this section.
Exercise by the Company. Promptly after any Termination (with ----------------------- respect to the Unvested Shares which are part of the Executive Shares for the Executive in question) the Company will, and at any time and from time to time on or prior to the 20th Business Day after any Termination (with respect to the other Executive Shares for that Executive), the Company may, exercise the Call Option for all or any portion of the Executive Shares for the Executive in question by delivering written notice (the "Company Call Notice") to the ------------------- holder(s) of the Executive Shares to be purchased. The Company Call Notice will set forth the number and type of Executive Shares to be acquired from each holder, the aggregate consideration to be paid for those Executive Shares and the time and place for the closing of the Company's purchase. _________________________ /2/i.e., if the Executive is employed by neither the Company nor Pinnacle Towers.
