Re-Purchase Option Clause Samples
A Re-Purchase Option clause grants one party the right to buy back an asset, property, or shares from the other party under specified conditions. Typically, this clause outlines the circumstances under which the option can be exercised, such as a breach of contract, a change in ownership, or after a certain period, and details the price or formula for the re-purchase. Its core function is to provide flexibility and protection for the original seller or issuer, allowing them to regain ownership if certain events occur or conditions are met.
Re-Purchase Option. Pursuant to §27.0042 of the Texas Property Code, should the Buyer discover, during the first five (5) years after Closing, one or more defects in the construction of the Improvements that exceed in the aggregate twenty percent (20%) of the fair market value of the Improvements, upon receipt of written notice and an opportunity to inspect the defects, the Builder may elect to repurchase the Improvements and Property. If the Builder elects this option, the Buyer shall be reimbursed the Total Sales Price and all closing costs incurred by the Buyer, plus reimbursement of the cost of any permanent improvements made by the Buyer to the Improvements and the Property, reasonable moving expenses to vacate the Improvements, and reasonable and necessary attorney's fees and inspection costs incurred by the Buyer to discover, identify and present the construction defects to the Builder. In return, the Buyer will deliver a Special Warranty Deed conveying the Improvements and Property to the Builder, free and clear of all liens and claims and deliver possession of the Improvements and Property free of any casualty or damage caused by the Buyer, normal wear and tear excepted.
Re-Purchase Option. (a) If the Employee ceases to be employed by the Company for any reason other than death or disability or ceases to be employed by the Company in an appropriate executive capacity (as determined by the Company in its sole discretion), prior to January 1, 1999 the Company shall have the right and option (the "Re-purchase Option") to purchase any or all of the Shares from the Employee at the same price as the Employee paid for the Shares.
(b) For purposes of this Agreement, employment with the Company shall include employment with a parent or subsidiary of the Company.
Re-Purchase Option. In order to assure that an adequate supply of CFM [*]Spare Engines and [*]Spare Engines are available to support the worldwide operating fleet of CFM powered aircraft, CFM reserves the option, for a limited period of time following the sale of Spare Engines to Customer, to repurchase Spare Engines for any of the following Customer proposals or actions: [*]
Re-Purchase Option. ▇▇▇▇▇▇ grants AILA the option to repurchase the AILA shares within three (3) years at the greater of (i) the fair market value (closing bid price the last trading day prior to repurchase) or (ii) an amount which will reflect an eight percent (8%) return per annum including dividends.