Common use of Method of Repurchase Clause in Contracts

Method of Repurchase. If any of the triggering conditions occur and the Company chooses to exercise the Option to Repurchase, the Company may, in its sole discretion, make payment for the shares repurchase in one of two ways. The Company may, within thirty (30) calendar days of exercising the right to repurchase, complete a cash transfer by check or a wire transfer for the full amount of the repurchase price as stated herein.

Appears in 5 contracts

Samples: Director Service Agreement, Director Service Agreement (Tekoil & Gas Corp), Director Service Agreement (Tekoil & Gas Corp)

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Method of Repurchase. If any of the triggering conditions occur and the Company chooses to exercise the Option to Repurchase, the Company may, in its sole discretion, make payment for the shares repurchase Shares repurchased in one of two ways. The Company may, within thirty (30) calendar days of exercising the right to repurchase, complete a cash transfer by check or a wire transfer for the full amount of the repurchase price as stated herein.

Appears in 1 contract

Samples: Director Service Agreement (Playbox (Us) Inc.)

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