Common use of NOTICE OF EXERCISE; CLOSING Clause in Contracts

NOTICE OF EXERCISE; CLOSING. If the Management Stockholder desires to exercise its right to sell shares of Company Stock pursuant to its rights under this Section 6.3, then the applicable Management Stockholder shall, not later than the expiration date of the seventy-five (75) day put period referred to in Section 6.3 (a) above (as it may be extended pursuant to the provisions of Section 6.4), send written notice of its intention to sell all of the shares of Company Stock held by such Management Stockholder and his or her Permitted Transferees pursuant to this Section 6.3. Subject in each case to the provisions of Section 6.4, the closing of the purchase shall take place at the principal office of the Company ten (10) days following the giving of such notice or as soon thereafter as practicable but in no event later than twenty (20) days after the giving of such notice. The purchase price shall be paid in accordance with Section 6.5.

Appears in 2 contracts

Samples: Stockholders Agreement (EPL Intermediate, Inc.), Stockholders Agreement (El Pollo Loco Holdings, Inc.)

AutoNDA by SimpleDocs

NOTICE OF EXERCISE; CLOSING. If the Management Stockholder desires to exercise its right to sell shares of Company Stock pursuant to its rights under this Section 6.3, then the applicable Management Stockholder shall, not later than the expiration date of the seventy-five ninety (7590) day put period referred to in Section 6.3 (a) above (as it may be extended pursuant to the provisions provision of Section 6.4), send written notice of its intention to sell all of the shares of Company Stock held by such Management Stockholder and his or her Permitted Transferees pursuant to this Section 6.3. Subject in each case to the provisions of Section 6.4, the closing of the purchase shall take place at the principal office of the Company ten (10) days following the giving of such notice or as soon thereafter as practicable but in no event later than twenty (20) days after the giving of such notice. The purchase price shall be paid in accordance with Section 6.5.

Appears in 1 contract

Samples: To Stockholders Agreement (EPL Intermediate, Inc.)

NOTICE OF EXERCISE; CLOSING. If the Management Stockholder Company (or its designee) desires to exercise its right to sell purchase shares of Company Stock pursuant to its rights under this Section 6.36.1, then the applicable Management Stockholder Company (or its designee) shall, not later than the expiration date of the seventy-five ninety (7590) day put call period referred to in Section 6.3 6.1 (a) and (b) above (as it may be extended pursuant to the provisions of Section 6.4), send written notice of its intention to sell purchase or cause to be purchased all of the shares of Company Stock held by such Management Stockholder and his or her Permitted Transferees pursuant to this Section 6.36.1. Subject in each case to the provisions of Section 6.4, the closing of the purchase shall take place at the principal office of the Company ten (10) days following the giving of such notice or as soon thereafter as practicable but in no event later than twenty (20) days after the giving of such notice. The purchase price shall be paid in accordance with Section 6.5.

Appears in 1 contract

Samples: To Stockholders Agreement (El Pollo Loco Holdings, Inc.)

NOTICE OF EXERCISE; CLOSING. If the Management Stockholder Company (of its designee) desires to exercise its right to sell purchase shares of Company Stock pursuant to its rights under this Section 6.36.1, then the applicable Management Stockholder Company (or its designee) shall, not later than the expiration date of the seventy-five ninety (7590) day put call period referred to in Section 6.3 6.1 (a) and (b) above (as it may be extended pursuant to the provisions of Section 6.4), send written notice of its intention to sell purchase or cause to be purchased all of the shares of Company Stock held by such Management Stockholder and his or her Permitted Transferees pursuant to this Section 6.36.1. Subject in each case to the provisions of Section 6.4, the closing of the purchase shall take place at the principal office of the Company ten (10) days following the giving of such notice or as soon thereafter as practicable but in no event later than twenty (20) 20 days after the giving of such notice. The purchase price shall be paid in accordance with Section 6.5.

Appears in 1 contract

Samples: To Stockholders Agreement (EPL Intermediate, Inc.)

AutoNDA by SimpleDocs

NOTICE OF EXERCISE; CLOSING. If the Management Stockholder desires to exercise its right to sell shares of Company Stock pursuant to its rights under this Section 6.3, then the applicable Management Stockholder shall, not later than the expiration date of the seventy-five ninety (7590) day put period referred to in Section 6.3 (a) above (as it may be extended pursuant to the provisions of Section 6.4), send written notice of its intention to sell all of the shares of Company Stock held by such Management Stockholder and his or her Permitted Transferees pursuant to this Section 6.3. Subject in each case to the provisions of Section 6.4, the closing of the purchase shall take place at the principal office of the Company ten (10) days following the giving of such notice or as soon thereafter as practicable but in no event later than twenty (20) days after the giving of such notice. The purchase price shall be paid in accordance with Section 6.5.

Appears in 1 contract

Samples: To Stockholders Agreement (El Pollo Loco Holdings, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.