Payment of Repurchase Price. The Repurchase Price shall be payable, at the option of the Company or its assignee(s), by check or by cancellation of all or a portion of any outstanding purchase money indebtedness owed by Participant to the Company, or such assignee, or by any combination thereof. The Repurchase Price shall be paid without interest within sixty (60) days after exercise of the Repurchase Option.
Payment of Repurchase Price. The Repurchase Price for each Purchased Asset shall be payable in full and by wire transfer in accordance with Buyer’s wire instructions set forth on Exhibit B or Exhibit J, as applicable, upon the earliest to occur of (i) the Repurchase Date of the related Transaction, (ii) the occurrence of any Repurchase Acceleration Event with respect to such Purchased Asset, (iii) at Buyer’s sole option, upon the occurrence or during the continuance of an Event of Default, or (iv) the Expiration Date. Such obligation to repurchase exists without regard to any prior or intervening liquidation or foreclosure with respect to any Purchased Asset. While it is anticipated that Seller will repurchase each Purchased Asset on its related Repurchase Date, Seller may repurchase any Purchased Asset hereunder on demand without any prepayment penalty or premium.
Payment of Repurchase Price. The purchase price for any repurchase pursuant to Section 13.1 (the "Repurchase Price") shall be determined pursuant to Section 13.1 and shall be payable in cash. On the date of any repurchase of Warrants and/or Warrant Stock pursuant to this Section 13, the Holder shall assign to the Company its Warrant or portion thereof being repurchased and a certificate for the number of shares of Warrant Stock being repurchased, as the case may be, without any representation or warranty (other than that the Holder has good and marketable title thereto, free and clear of liens, encumbrances and restrictions of any kind), by the surrender of the Holder's Warrant and certificate for Warrant Stock together with, in the case of Warrant Stock, instruments of transfer reasonably acceptable to the Company, at the principal office of the Company referred to in Section 2.1 against payment therefor of the Repurchase Price by, at the option of the Holder, (i) wire transfer to an account in a bank located in the United States designated by the Holder for such purpose or (ii) a certified or official bank check payable to the order of the Holder. If less than all of the Holder's Warrant is being repurchased, the Company shall, pursuant to Section 3, cancel such Warrant and issue in the name of, and deliver to, the Holder a new Warrant for the portion not being repurchased. If less than all of the shares represented by a certificate for Warrant Stock are being repurchased, the Company shall cancel such certificate and issue in the name of, and deliver to, the Holder a new certificate for the number of shares of Warrant Stock not being repurchased.
Payment of Repurchase Price. The parties agree that the Repurchase Price shall be due and payable on each Repurchase Date; provided however, that, if such Repurchase Date is not also a Remittance Date and there is no Prepayment Amount associated with such Transaction, any unpaid Price Differential relating to such Transaction shall be due on the immediately following Remittance Date and further, the principal portion of the Repurchase Price for the Purchased Assets being repurchased on such Repurchase Date may be applied towards the payment of the Purchase Price relating to the Purchased Assets being purchased by the Buyer on such Repurchase Date. In addition, the Seller shall pay to Buyer the related Interest Coverage Amount, if any, on each Remittance Date. Notwithstanding anything to the contrary contained herein or in any other document relating to the transactions contemplated herein or in the Indenture, any and all payments of the Repurchase Price (including any Price Differential) required to be made pursuant to the Agreement shall be made by or on behalf of the Seller to the account of the Buyer as set forth in Schedule CA-II to Annex III. Any payment of a Takeout Price that is made by a Takeout Investor to the Buyer pursuant to a Bailee Letter or Takeout Commitment, as applicable, shall be deemed to be a payment by Seller of the Repurchase Price in respect of the Purchased Assets subject to the related Takeout Commitment. In the event that Buyer, or the Custodian on its behalf, receives an Agency Security in connection with the purchase of Purchased Mortgage Loans (or Participation Certificates) by an Agency or the issuance by an Agency of its guarantee of an Agency Security backed by Purchased Mortgage Loans, the Seller shall arrange for the sale of the related Agency Security to a Takeout Investor for an amount that is greater than or equal to the applicable Repurchase Price of the Purchased Mortgage Loans sold to the Agency. Seller shall arrange for the Takeout Settlement Date with respect to such Agency Security to occur within one (1) Business Day of delivery of such Agency Security to the Buyer or the Custodian, Each settlement of Agency Securities with Takeout Investors shall be effected by the Custodian and the Seller in accordance with the provisions of Schedule IV and Schedule V to this Annex I.
Payment of Repurchase Price. Upon the Company's receipt of a --------------------------- Notice(s) of Repurchase at Option of Buyer Upon Triggering Event or a Notice(s) of Repurchase at Option of Buyer Upon Major Transaction from any holder of Common Shares, Repricing Common Shares or Repricing Rights, the Company shall immediately notify each holder of Common Shares, Repricing Common Shares or Repricing Rights by facsimile of the Company's receipt of such Notice(s) of Repurchase at Option of Buyer Upon Triggering Event or Notice(s) of Repurchase at Option of Buyer Upon Major Transaction and each holder which has sent such a notice shall promptly submit to the Company such holder's Stock Certificates which such holder has elected to have repurchased. The Company shall deliver the applicable Repurchase Price, in the case of a repurchase pursuant to Section 7(e), to such holder within five (5) Business Days after the Company's receipt of a Notice of Repurchase at Option of Buyer Upon Triggering Event and, in the case of a repurchase pursuant to Section 7(d), the Company shall deliver the applicable Repurchase Price immediately prior to the consummation of the Major Transaction. If the Company shall fail to repurchase all of the Common Shares or the Repricing Rights submitted for repurchase, in addition to any remedy such holder of such securities may have under this Agreement, the Warrant and the Registration Rights Agreement, the applicable Repurchase Price payable in respect of such unrepurchased Common Shares or Repricing Rights, as the case may be, shall bear interest at the lesser of (i) rate of 2.0% per month or (ii) the highest lawful rate (prorated for partial months) until paid in full. Until the Company pays such unpaid applicable Repurchase Price in full to a holder of Common Shares or Repricing Rights submitted for repurchase, such holder shall have the option (the "Void Optional Repurchase Option") to, in lieu of repurchase, require the Company to promptly return to such holder(s) all of such securities that were submitted for repurchase by such holder(s) under this Section 7 and for which the applicable Repurchase Price has not been paid, by sending written notice thereof to the Company via facsimile (the "Void Optional Repurchase Notice"). Upon the Company's receipt of such Void Optional Repurchase Notice(s) prior to payment of the full applicable Repurchase Price to such holder, (i) the Notice(s) of Repurchase at Option of Buyer Upon Triggering Event or the Notice(s) of ...
Payment of Repurchase Price. The Parent shall pay the Executive the Repurchase Price pursuant to any of the following methods: (A) cash payment; (B) Cash Equivalents, as defined herein; (C) restricted shares of Common Stock which shall be subject to a three year annual vesting schedule commencing on the closing date of the Parent's exercise of its Repurchase Right and where one-third portion of the restricted stock shall be fully vested on the repurchase closing date and the balance of the shares shall become fully vested in equal installments of 33-1/3% each, on the first and second anniversaries of the closing date; or (D) any combination of any of the foregoing methods. For purposes of this Section 6(f), the term "Cash Equivalent" shall mean any of the following: (i) securities issued or directly and fully guaranteed or insured by the United States of America ("U.S.") or any agency or instrumentality thereof provided the full faith and credit of the U.S. is pledged in support thereof; (ii) certificates of deposit of any commercial bank in the U.S. having capital and surplus in an aggregate amount of not less than $500,000,000 (hereinafter, an "Approved Bank") and with maturities of not more than twelve months from the date of acquisition; (iii) U.S. Dollar denominated commercial paper issued by an Approved Bank with maturities of not more than twelve months after the date of acquisition; and (iv) investments in money market funds substantially all the assets of which are comprised of securities of the types described in (i) through (iii) herein.
Payment of Repurchase Price. The repurchase price per Transfer Share being repurchased pursuant to the Right of First Refusal shall be (a) if the transfer is voluntary, the proposed transfer price and (b) if the transfer is a bona fide gift or involuntary transfer, an amount as of the date of the Transfer Notice based on the fair market value of the Shares as determined by the Company in consultation with an independent valuation expert.
Payment of Repurchase Price. The repurchase price payable to purchase Unvested Shares upon exercise of the Repurchase Option will be payable, at the option of 8x8 or its assignee(s), by check or by cancellation of all or a portion of any outstanding indebtedness of Shareholder to 8x8 (or to such assignee) or by any combination thereof. The repurchase price will be paid without interest within ninety (90) days after the employment termination date (the "Repurchase Period").
Payment of Repurchase Price. The Repurchase Price for each Purchased Mortgage Loan shall be payable in full and by wire transfer in accordance with Buyer’s wire instructions set forth on Exhibit A upon each related Repurchase Date. Such obligation to repurchase exists without regard to any prior or intervening liquidation or foreclosure with respect to any Purchased Mortgage Loan (but liquidation or foreclosure proceeds received by Buyer shall be applied to reduce the Repurchase Price for such Purchased Mortgage Loan on each Price Differential Payment Date except as otherwise provided herein). While it is anticipated that Seller will repurchase each Purchased Mortgage Loan on its related Repurchase Date, Seller may repurchase any Purchased Mortgage Loan hereunder on demand without any pre-payment penalty or premium.