Payment and Redelivery of Option or Shares. In the event Parent exercises its rights under Section 6(a), the Company will, within five business days after Parent delivers notice pursuant to Section 6(a), pay the required amount to Parent in immediately available funds and Parent will surrender to the Company the Option and the certificates evidencing the Company Shares purchased by Parent pursuant thereto.
Payment and Redelivery of Option or Shares. At the Put Closing, ------------------------------------------ Target shall pay the required amount to Acquiror in immediately available funds (and Acquiror Shares, if applicable) and Acquiror shall surrender to Target the Option and the certificates evidencing the Target Shares purchased by Acquiror pursuant thereto, and Acquiror shall represent and warrant that such shares are then free and clear of all claims, liens, charges, encumbrances and security interests of any kind or nature whatsoever, other than those imposed by Target.
Payment and Redelivery of Option or Shares. In the event Avanex ------------------------------------------ exercises its rights under Section 6, Oplink will, within five (5) business days after Avanex delivers notice pursuant to Section 6, pay the required amount to Avanex in immediately available funds and Avanex will surrender to Oplink the Option and the certificates evidencing the Oplink Shares purchased by Avanex pursuant thereto.
Payment and Redelivery of Option or Shares. In the event NetIQ ------------------------------------------ exercises its rights under Section 6(a), the MCS will, within five (5) business days after NetIQ delivers notice pursuant to Section 6(a), pay the required amount to NetIQ in immediately available funds and NetIQ will surrender to the MCS the Option and the certificates evidencing the MCS Shares purchased by NetIQ pursuant thereto.
Payment and Redelivery of Option or Shares. At the Put Closing, MetaTools shall pay the required amount to Fractal in immediately available funds (and Fractal Shares, if applicable) and Fractal shall surrender to MetaTools the Option and the certificates evidencing the MetaTools Shares purchased by Fractal pursuant thereto, and Fractal shall represent and warrant that such shares are then free and clear of all claims, liens, charges, encumbrances and security interests of any kind or nature whatsoever, other than those imposed by MetaTools. (d)
Payment and Redelivery of Option or Shares. In the event USWeb exercises its rights under Section 7(a), CKS shall, within ten (10) business days after USWeb delivers notice pursuant to Section 7(a) (which notice may be delivered prior to consummation of the exercise of the Option), pay the required amount to USWeb in immediately available funds and USWeb shall surrender to CKS the certificates evidencing the Option Shares purchased by USWeb pursuant thereto, and USWeb shall represent and warrant that such shares are then free and clear of all claims, liens, charges, encumbrances and security interests of any kind or nature whatsoever. 8. Certain Restrictions (a)
Payment and Redelivery of Option or Shares. In the event Inprise exercises its rights under this Section 7, Corel shall, within ten business days of the Notice Date, pay the required amount to Inprise by wire transfer in immediately available funds to an account specified by Inprise two business days prior to the date that payment is due and Inprise shall surrender to Corel the Option or the certificates evidencing the Corel Shares purchased by Inprise pursuant hereto, and Inprise shall warrant that it owns such shares and that such shares are then free and clear of all liens, claims, charges and encumbrances of any kind or nature whatsoever.
Payment and Redelivery of Option or Shares. In the event Parent ------------------------------------------ exercises its rights under Section 6(a) by delivery of a Put Notice, the Company will, within twenty (20) business days after Parent delivers such notice, pay the required amount to Parent in immediately available funds and Parent will surrender to the Company all or such portion of the Option with respect to which the Put Notice relates and the certificates evidencing the Company Shares purchased by Parent pursuant to such Put Notice.
Payment and Redelivery of Option or Shares. In the event Parent ------------------------------------------ exercises its rights under Section 7(a) by delivery of a Put Notice, the Company will, within five (5) business days after Parent delivers such notice, pay the required amount to Parent in immediately available funds and Parent will surrender to the Company all or such portion of the Option with respect to which the Put Notice relates and the certificates evidencing the Company Shares purchased by Parent pursuant to such Put Notice.
Payment and Redelivery of Option or Shares. In the event Cendant exercises its rights under this Section 7, the Company shall, within two business days of the Notice Date, pay the required amount to Cendant by wire transfer in immediately available funds to an account specified by Cendant two business days prior to the date that payment is due and Cendant shall surrender to the Company the Option or the certificates evidencing the Company Shares purchased by Cendant pursuant hereto, and Cendant shall warrant that it owns such shares and that such shares are then free and clear of all liens, claims, charges and encumbrances of any kind or nature whatsoever.
