Common use of Notice; Exercise Clause in Contracts

Notice; Exercise. The Stockholders may exercise their Put Right by giving written notice (the "Put Notice") to AmPaM within thirty (30) days of the third anniversary of the execution hereof. If any Stockholder does not provide AmPaM with a Put Notice within such thirty-day period, the Put Right applicable to such Stockholder shall expire. The date for closing the sale of any shares of AmPaM Stock pursuant to a proper exercise of a Put Right shall in no event be earlier than 90 days after the date AmPaM receives the Put Notice. Any such closing shall be at such time of day and place as shall be mutually agreed between such holder and AmPaM. At such closing AmPaM shall make payment for the AmPaM Stock to be repurchased by wire transfer of immediately available funds to a bank account designated by such Stockholder for such purpose and such Stockholder shall deliver to AmPaM certificates, duly endorsed for transfer, representing the shares of AmPaM Stock to be purchased and sold pursuant to the exercise of such Put Right.

Appears in 10 contracts

Samples: Acquisition Agreement (Miller Mechanical Contractors Inc), Acquisition Agreement (Miller Mechanical Contractors Inc), Acquisition Agreement (Miller Mechanical Contractors Inc)

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