Common use of Method of Repurchase Clause in Contracts

Method of Repurchase. Grantee may exercise its right to require -------------------- Issuer to repurchase the Option, in whole but not in part, or all Option Shares then owned by Grantee pursuant to this Section 9 by surrendering for such purpose to Issuer, at its principal office, this Agreement or certificates for such Option Shares, as applicable, accompanied by a written notice or notices stating that Grantee elects to require Issuer to repurchase the Option or such Option Shares in accordance with the provisions of this Section 9 (such notice, a "Repurchase Notice"). As promptly as practicable, and in any event within 2 ----------------- business days after the surrender of this Agreement or certificates representing Option Shares, as applicable, and the receipt of the Repurchase Notice relating thereto, Issuer shall deliver or cause to be delivered to Grantee the applicable Option Repurchase Price or the Option Share Repurchase Price.

Appears in 3 contracts

Samples: Stock Option Agreement (Nationsrent Inc), Stock Option Agreement (Nationsrent Inc), Stock Option Agreement (Rental Service Corp)

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Method of Repurchase. Grantee may exercise its right to require -------------------- Issuer to repurchase the Option, in whole but not in part, or all Option Shares then owned by Grantee pursuant to this Section 9 by surrendering for such purpose to Issuer, at its principal office, this Agreement or certificates for such Option Shares, as applicable, accompanied by a written notice or notices stating that Grantee elects to require Issuer to repurchase the Option or such Option Shares in accordance with the provisions of this Section 9 (such notice, a "Repurchase Notice"). As promptly as practicable, and in any event within 2 ----------------- 15 business days after the surrender of this Agreement or a certificate or certificates representing Option Shares, as applicable, Shares and the receipt of the Repurchase Notice relating thereto, Issuer shall deliver or cause to be delivered to Grantee the applicable Option Repurchase Price or the Option Share Repurchase Price.

Appears in 2 contracts

Samples: Stock Option Agreement (Bp Amoco PLC), Stock Option Agreement (Atlantic Richfield Co /De)

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Method of Repurchase. Grantee may exercise its right to require -------------------- Issuer to repurchase the Option, in whole but not in part, or all Option Shares then owned by Grantee pursuant to this Section 9 Section9 by surrendering for such purpose to Issuer, at its principal office, this Agreement or certificates for such Option Shares, as applicable, accompanied by a written notice or notices stating that Grantee elects to require Issuer to repurchase the Option or such Option Shares in accordance with the provisions of this Section 9 Section9 (such notice, a "Repurchase Notice"). As promptly as practicable, and in any event within 2 ----------------- business days after the surrender of this Agreement or certificates representing Option Shares, as applicable, Shares and the receipt of the Repurchase Notice relating thereto, Issuer shall deliver or cause to be delivered to Grantee the applicable Option Repurchase Price or the Option Share Repurchase Price.

Appears in 1 contract

Samples: Stock Option Agreement (Amoco Corp)

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