Common use of Exercise of Repurchase Option Clause in Contracts

Exercise of Repurchase Option. The Company may elect to purchase all or any portion of the Executive's Common Units by delivering written notice (the "Repurchase Notice") to the holder or holders of the Common Units within 180 days after a Repurchase Event. The Repurchase Notice shall set forth the amount and the price (the "Company Price") at which the Company proposes to purchase the Common Units to be acquired from such holder. The Company Price shall be the Company's good faith determination of the price that an unaffiliated third-party would be willing to purchase the Common Units in arm's length transaction from a willing seller.

Appears in 7 contracts

Samples: Executive Purchase and Vesting Agreement (Coffeyville Resources, Inc.), Executive Purchase and Vesting Agreement (Coffeyville Resources, Inc.), Executive Purchase and Vesting Agreement (Coffeyville Resources, Inc.)

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