Payment of the Repurchase Price. The Parties agree that the Company shall pay the Repurchase Price by issuing a convertible promissory note (the “Convertible Promissory Note”) in the form and content as set out in Schedule 1. Upon the issuance of the Convertible Promissory Note, the Repurchase Price shall be deemed to have been fully paid.
Payment of the Repurchase Price. (a) Payment of the Repurchase Price for a Note for which a Repurchase Notice has been delivered and not withdrawn is conditioned upon book-entry transfer or delivery of such Note, together with necessary endorsements, to the Paying Agent at the Corporate Trust Office, at any time after delivery of the Repurchase Notice. The Issuer shall pay or deposit funds with the Paying Agent in the amount of the Repurchase Price for the Note on the Trading Day immediately following the Repurchase Date.
Payment of the Repurchase Price. The Repurchase Price for any Shares to be repurchased under any provisions of this Agreement shall be in cash or a cashier's check, or by cancellation of indebtedness owed by the Shareholder to Company or another Shareholder (including purchase money indebtedness), or by any combination of the foregoing.
Payment of the Repurchase Price. Notwithstanding any contrary provision of the Master Repurchase Agreement, the Repurchase Price shall be paid by the Seller to the Buyer by wire transfer in immediately available funds no later than June 16, 2006, at 12:00 noon New York City time.
Payment of the Repurchase Price. (a) Payment of the Repurchase Price for a Note for which a Repurchase Notice has been delivered and not withdrawn is conditioned upon book-entry transfer or delivery of such Note, together with necessary endorsements, to the Paying Agent at its corporate trust office in the Borough of Manhattan, The City of New York, or any other office of the Paying Agent, at any time after delivery of the Repurchase Notice. The Issuer shall pay or deposit funds with the Paying Agent in the amount of the Repurchase Price for the Note on the Trading Day immediately following the Repurchase Date.
Payment of the Repurchase Price may not be made in Common Stock unless such stock is, or shall have been, listed on a national securities exchange or approved for quotation on the Nasdaq National Market System, in either case, prior to the Repurchase Date; and
Payment of the Repurchase Price. The purchase price payable by the Corporation upon exercise of a Repurchase Right (“Repurchase Price”) shall be the greater of (i) Fair Market Value (as defined below) of the Management Stockholder Shares subject to the Repurchase Right on the date of termination of such Management Stockholder’s employment with the Corporation and (ii) the Original Purchase Price. The closing of the repurchase shall occur no later than ninety (90) days following the delivery of the Repurchase Notice (the “Repurchase Date”). Notwithstanding the foregoing, if (x) a Management Stockholder is terminated for Cause for reasons other than the conviction of a felony or a crime involving fraud, theft or dishonesty, (y) the Corporation consummates a Public Offering or Sale of the Corporation within twelve (12) months of such date of termination, and (z) the Fair Market Value of such Management Stockholder Shares that would have been realized had such Management Stockholders still owned such Management Stockholder Shares upon the consummation of such Public Offering or Sale of the Corporation, as applicable, is greater than the Repurchase Price that was determined pursuant to the first sentence of this Section 3.3(b), then, within thirty (30) days of the consummation of such Public Offering or Sale of the Corporation, as the case may be, the Corporation shall pay such Management Stockholder the difference between such greater value and the Repurchase Price amount actually paid to such Management Stockholder (the “Repurchase Price Adjustment”). The Repurchase Price and, if applicable, the Repurchase Price Adjustment, shall be paid in cash (subject to the limitations set forth in Section 3.3(e) below); provided, however, that if such Repurchase Right is being exercised pursuant to Section 3.3(a) above due to such Management Stockholder’s conviction of a felony or a crime involving fraud, theft or dishonesty, the Corporation shall have the option, in its sole discretion, to pay the Repurchase Price and the Repurchase Price Adjustment by issuing to such Management Stockholder an unsecured subordinated promissory note in lieu of cash, the terms and conditions of which shall be determined in good faith by the Board.
Payment of the Repurchase Price. If a Share Repurchase Option is exercised, the Company and/or the Assignee (as applicable) will deliver payment of the Repurchase Price to the Restricted Shareholder, by delivering to the Restricted Shareholder the amount of the Repurchase Price by certified cheque, wire transfer or other immediately available funds. By delivery of payment of the Repurchase Price by any of the methods noted above, the Shares subject to the Repurchase Option Notice will be deemed to have been conclusively repurchased by the Company or the Assignee (as applicable) and the Restricted Shareholder will, at the request of the Company, undertake all steps to effect the transfer of such Shares.
Payment of the Repurchase Price. (a)Receipt by the Purchaser of the Repurchase Price. Schedule 3 - Form of Notice of Release (Bank accounts – Italian Originator) Letterhead of the Purchaser/Transaction Administrator] [Place], [Date] To the attention of [] By registered mail [Name of the Depository Bank] [Address of the Depository Bank] Dear Sirs, RE: Release of pledge over bank accounts [Place], [Date] Dear Sirs, We make reference to the deed of pledge executed on [*] between Vetriceramici S.r.l., a limited liability company (società a responsabilità limitata) organised under the laws of Italy, having its registered office at Xxx Xxxxxxxxx 000/140 CAP, 41042, Fiorano Modenese (MO), Italy, registered with the Companies’ Register of Modena under number 03590630368 (formerly Vetriceramici-Ferro S.p.A) (“Vetriceramici”) and ING Belgique SA/NV, a credit institution incorporated under the laws of Belgium having its statutory seat at avenue Xxxxxx 00, 0000 Xxxxxxxx, Xxxxxxx, registered with the register of legal entities under number 0403.200.393 (as secured creditor) (“ING Belgique”) by virtue of which Vetriceramici created a pledge in favor of ING Belgique (the “Pledge”) over the balance of the bank account IBAN N. [*] opened by Vetriceramici with [details of the depository bank to be included herein] (the “Bank Account”) to secure the obligations of Vetriceramici arising from a certain receivables purchase and services agreement dated 5 December 2018, as amended and restated from time to time (the “RPSA”).
Payment of the Repurchase Price. The Repurchase Price shall be paid by the Company to the Selling Shareholder by wire transfer of immediately available funds, to the Selling Shareholder’s bank account designated in writing by such Selling Shareholder, subject to the completion of the Closing, (i) within [ten (10)] Business Days after Company’s receipt in full of the subscription price of equivalent US Dollars of RMB22,389,948 by Qianhai Fund of Fund Equity Investment (Shenzhen) Co., Ltd. (前海母基金股权投资(深圳 )有限公司) for subscribing certain Series C-3 Preferred Shares of the Company, or (ii) such other date as agreed by the Parties.
