Grant of Call Right Sample Clauses

Grant of Call Right. The RTI Member shall have the option (the “Call Right”), exercisable at any time following (i) the sixth (6th) anniversary of the date of this Agreement, (ii) the death or Disability of Executive, or (iii) the occurrence of an event or condition constituting “Cause” hereunder (the “Call Period”), to purchase all (but not less than all) of the Membership Interest issued to the Executive or any Member (other than the RTI Member) under this Agreement, subject to the terms and conditions set forth in this Section 18. If the RTI Member desires to exercise the Call Right, it shall deliver to the Executive a notice (the “Call Notice”) of such intention at any time during the Call Period. If the Call Notice is given, then the RTI Member shall be obligated to purchase, and the Executive and any Member (other than the RTI Member) (the “Selling Member”) shall be obligated to sell, free and clear of all Liens, the Selling Member’s Membership Interest at a closing (the “Call Closing”) held on that date which is not more than 120 days after the date of the Call Notice as specified by the RTI Member, or such later date as shall be agreed upon by Executive (the “Call Closing Date”) for a purchase price calculated as set forth in Section 18.
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Grant of Call Right. (a) Subject to the terms and conditions set forth herein, each Put Holder hereby grants to Buyer the right to purchase all of the Put/Call Shares owned by such Put Holder (the "CALL RIGHT"). Buyer may exercise the Call Right at any time during the period commencing on October 1, 2004 and ending on November 1, 2004 (the "CALL EXERCISE PERIOD"); provided, however, that the Call Right may not be exercised unless the Closing of the transactions contemplated by the Purchase Agreement has occurred.
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Grant of Call Right. Subject to the terms and conditions relating to the exercise of a Call Right set forth in Section 9(b) below, the Optionee hereby irrevocably grants and issues to the Company or its parent corporation, Lxxxx Xxxxxxxxxxx Company, an option (hereinafter referred to as the “Call Right”) to purchase the Shares purchased by the Optionee under this Agreement.
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Grant of Call Right. Xxxxx hereby irrevocably grants to CHD the right and option (the "CALL RIGHT"), exercisable by CHD in its sole and absolute discretion, to cause and irrevocably require Xxxxx to sell all or any portion of the Xxxxx Shares (including any accrued but unpaid dividends and all other rights and privileges pertaining or attached thereto) at the Put/Call
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Grant of Call Right. 3.1 During the period from the date hereof until the earlier of (i) the twelve (12) month anniversary of the Closing Date, (ii) the payment in full of the Notes and (iii) the occurrence of any Event of Default of the type described in Section 10.1(c) or (d) of the Financing Agreement, the Company shall have the full, unfettered and unrestricted right (the “Call Right”), but not the obligation, by delivery of a written notice to the Put Holders (the “Call Notice”) at any time during such period, to cause each Put Holder to sell, and each Put Holders shall sell, up to that number of shares of Common Stock held by such Put Holder as set forth in the Call Notice (the “Call Securities”), at a price equal to $1.50 per share (the “Per Share Call Price”); provided, however, that in no event shall the number of Call Securities for such Put Holder be greater than that number of shares of Common Stock set forth opposite the name of such Put Holder under the heading “Maximum Number of Put/Call Securities” on Schedule A attached hereto (as adjusted pursuant to Section 3.3).
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Grant of Call Right 
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Related to Grant of Call Right

  • Grant of Call Option The Shareholder agrees to grant the Company or the Designee(s) hereby irrevocably and without any additional conditions with a Call Option, under which the Company or the Designee(s) shall have the right to require the Shareholder to transfer the Option Equity to the Company or the Designee(s) in such method as set out herein and as permitted by PRC Law. The Company or the Designee(s) also agrees to accept such Call Option.

  • Exercise of Call Option In connection with an exercise of the option contained in Condition 6(f) (Optional Early Redemption (Call)) in relation to some only of the Notes, the Notes represented by this Global Registered Note may be redeemed in part in the principal amount specified by the Issuer in accordance with the Conditions and the Notes to be redeemed will not be selected as provided in the Conditions.

  • Grant of Put Option Purchaser hereby grants to the Company the Option (the "Option") exercisable on or before October 5, 1995 (the 43rd day following the Effective Date) to put to the Purchaser the exercise of Purchaser's Basic Subscription Privileges and Oversubscription Privileges as hereinafter provided. Upon the exercise by the Company of the Option, the Purchaser shall, in accordance with the covenants, representations and warranties herein contained, on or prior to 5:00 p.m. New York time on October 5, 1995, exercise the Basic Subscription Privilege and the Oversubscription Privilege under Equity Rights held by the Purchaser to subscribe for, in the aggregate, not fewer than 1,972,671 shares (the "Committed Shares") of Common Stock of the Company by executing and delivering to American Stock 3 Transfer and Trust Company as agent (the "Subscription Agent") properly completed Subscription Forms, with any required signatures guaranteed, together with payment in full of the Subscription Price for each of the Committed Shares in accordance with the terms of the Equity Rights and the Plan. The Option may be exercised by the Company by sending notice in writing to Purchaser by facsimile transmission to the Purchaser's address, as initially stated in Section 9, on or before 3:00 p.m. New York time on October 5, 1995. In no event shall Purchaser be required to subscribe for more than 1,972,671 shares of Common Stock in the aggregate pursuant to its own exercise of the Equity Rights and the exercise by the Company of the Option.

  • Grant of Option The Corporation hereby grants to Optionee, as of the Grant Date, an option to purchase up to the number of Option Shares specified in the Grant Notice. The Option Shares shall be purchasable from time to time during the option term specified in Paragraph 2 at the Exercise Price.

  • Grant of Shares The Grant Date and number of Shares underlying your Restricted Stock Award are stated on page 1 of this Award Agreement. Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the 2008 Plan.

  • Exercise of the Purchase Rights The purchase rights set forth in this Warrant Agreement are exercisable by the Warrantholder, in whole or in part, at any time, or from time to time, prior to the expiration of the term set forth in Section 2 above, by tendering to the Company at its principal office a notice of exercise in the form attached hereto as Exhibit I (the "Notice of Exercise"), duly completed and executed. Promptly upon receipt of the Notice of Exercise and the payment of the purchase price in accordance with the terms set forth below, and in no event later than twenty-one (21) days thereafter, the Company shall issue to the Warrantholder a certificate for the number of shares of Preferred Stock purchased and shall execute the acknowledgment of exercise in the form attached hereto as Exhibit II (the "Acknowledgment of Exercise") indicating the number of shares which remain subject to future purchases, if any. The Exercise Price may be paid at the Warrantholder's election either (i) by cash or check, or (ii) by surrender of Warrants ("Net Issuance") as determined below. If the Warrantholder elects the Net Issuance method, the Company will issue Preferred Stock in accordance with the following formula: X = Y(A-B) ------ A Where: X = the number of shares of Preferred Stock to be issued to the Warrantholder. Y = the number of shares of Preferred Stock requested to be exercised under this Warrant Agreement. A = the fair market value of one (1) share of Preferred Stock.

  • Exercise of Repurchase Right Any Repurchase Right under Paragraphs 15(a) or 15(b) shall be exercised by giving notice of exercise as provided herein to Optionee or the estate of Optionee, as applicable. Such right shall be exercised, and the repurchase price thereunder shall be paid, by the Company within a ninety (90) day period beginning on the date of notice to the Company of the occurrence of such Repurchase Event (except in the case of termination or cessation of services as director, where such option period shall begin upon the occurrence of the Repurchase Event). Such repurchase price shall be payable only in the form of cash (including a check drafted on immediately available funds) or cancellation of purchase money indebtedness of the Optionee for the Shares. If the Company can not purchase all such Shares because it is unable to meet the financial tests set forth in the Nevada corporation law, the Company shall have the right to purchase as many Shares as it is permitted to purchase under such sections. Any Shares not purchased by the Company hereunder shall no longer be subject to the provisions of this Section 15.

  • Grant of the Option The Company hereby grants to the Participant the right and option (the “Option”) to purchase, on the terms and conditions hereinafter set forth, all or any part of an aggregate of Shares, subject to adjustment as set forth in the Plan. The purchase price of the Shares subject to the Option shall be $ (the “Option Price”). The Option is intended to be a non-qualified stock option, and is not intended to be treated as an option that complies with Section 422 of the Internal Revenue Code of 1986, as amended.

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