Reacquisition. 5.12.1 Where land which is or was subject to the operation of 5.10.0 is reacquired by a Yukon First Nation in fee simple, whether including or excluding the Mines and Minerals, that Yukon First Nation may declare the land to be Settlement Land and thereafter the land shall be Settlement Land of the following category:
Reacquisition. If any Properties are abandoned or surrendered under the provisions of this Article XII, then, unless this Agreement is earlier terminated, neither Member nor any Affiliate thereof shall acquire any interest in such Properties or a right to acquire such Properties for a period of two years following the date of such abandonment or surrender. If a Member reacquires any Properties in violation of this Section 12.3, the other Member may elect by notice to the reacquiring Member within 45 days after it has actual notice of such reacquisition, to have such properties made subject to the terms of this Agreement and transferred, without charge, to the Company. In the event such an election is made, the reacquired properties shall thereafter be treated as Properties, and the costs of reacquisition shall be borne solely by the reacquiring Member and shall not be included for purposes of calculating the Members' respective Ownership Interests.
Reacquisition. 5.12.1 Where land which is or was subject to the operation of
Reacquisition. If any Property is abandoned or surrendered under the provisions of this Article XIV, then, unless this Agreement is earlier terminated, no Participant nor any Affiliate thereof shall acquire any interest in such Property or a right to acquire such Property for a period of five years following the date of such abandonment or surrender. If a Participant reacquires any Property in violation of this Section 14.2, the other Participants may elect by notice to the reacquiring Participant within 45 days after they have actual notice of such reacquisition, to have such properties made subject to the terms of this Agreement. In the event such an election is made, the reacquired properties shall thereafter be treated as Property, and the costs of reacquisition shall be borne solely by the reacquiring Participant and shall not be included for purposes of calculating the Participants' respective Participating Interests.
Reacquisition. If any Properties are abandoned or surrendered under the provisions of this Article 14, then, unless this Agreement is earlier terminated, no Participant (except a Participant that has objected to an abandonment or surrender) or any Affiliate thereof shall acquire any interest in such Properties for a period of one year following the date of such abandonment or surrender. If a Participant reacquires any Properties in violation of this Section 14.2, the other Participants may elect by Notice to the reacquiring Participant within 45 days after actual Notice of such reacquisition, to have such properties made subject to the terms of this Agreement. In the event such an election is made, the acquired properties are included in the Properties. The reacquiring Participant shall solely bear all costs of reacquisition and such costs are not included for purposes of calculating the Participants' respective Participating Interests.
Reacquisition. All shares of Restricted Stock issued to the Employee pursuant to Section 2.1 are initially subject to reacquisition by the Company immediately if the employee-employer relationship between the Employee and the Company is terminated: (i) by the Company pursuant to Section 2(c)(ii) of the Employment Agreement or (ii) by Employee other than (A) pursuant to Section 2(d) of the Employment Agreement, (B) pursuant to Section 2(e) of the Employment Agreement or (C) pursuant to Section 2(f) of the Employment Agreement (other than in connection with Employee's removal as a director for cause under the corporation laws of the State of Maryland), or (D) due to the fact that the Employment Agreement expired and was not renewed pursuant to Section 2(b) of the Employment Agreement. Following such a reacquisition by the Company, the Company shall promptly pay to the Employee an amount equal to the product of $.01 times the number of shares of Restricted Stock reacquired. The restriction that such shares of Restricted Stock be subject to reacquisition by the Company shall not apply to any "Vested Shares" held by the Employee.
Reacquisition. If any part or all the Property is abandoned or surrendered under the provisions of this Section 18, then, unless this Agreement is earlier terminated, neither Participant nor any successor nor Affiliate thereof shall acquire any interest in or a right to acquire that part of the Property for a period of 12 months following the date of such abandonment or surrender. If such Participant reacquires any of the Property in violation of this Subsection 18.2, then the other Participant, its successor or Affiliate as the case may be may elect by notice to the reacquiring Participant within 45 days after it has actual notice of such reacquisition, to have such part of the Property made subject to the terms of this Agreement. In the event such an election is made, the reacquired part of the Property shall thereafter be treated as the Property hereunder, and the costs of reacquisition shall be borne solely by the reacquiring Participant and shall not be included for purposes of calculating the Participants' respective Participating Interests.
Reacquisition. Subject to the provisions of Section 13.2, if any Abandoned Property is abandoned or surrendered by the Management Team, it shall cease to be Properties of the Company and, unless the Company is dissolved earlier, no Member nor any Affiliate thereof shall acquire any interest in such Abandoned Property or a right to acquire such Abandoned Property for a period of two years following the date of such abandonment or surrender. If a Member reacquires any such Abandoned Property in violation of this Section 13.3, the other Members or the Company may elect by notice to the reacquiring Member within 45 days after it has actual notice of such reacquisition, to have such Abandoned Property again be contributed to the Company and made subject to the terms of this Agreement with the net value of such contribution being considered to be de minimis. In the event such an election is made, the reacquired Abandoned Property shall thereafter be treated as Properties of the Company, shall promptly be transferred to the Company by the reacquiring Member, and the costs of reacquisition shall be borne solely by the reacquiring Member and shall not be included for purposes of calculating the Members' respective Percentage Interests or Capital Accounts.
Reacquisition. If any Properties are abandoned or surrendered under the provisions of this Article XIV, then, unless this Agreement is earlier terminated in which case Section 12.6 shall remain applicable, neither Participant nor any Affiliate thereof shall acquire any interest in such Properties or a right to acquire such Properties for a period of two years following the date of such abandonment or surrender. If a Participant reacquires any Properties in violation of this Section 14.2, the other Participant may elect by notice to the reacquiring Participant within 45 days after it has actual notice of such reacquisition, to have such properties made subject to the terms of this Agreement. In the event such an election is made, the reacquired properties shall thereafter be treated as Properties, and the costs of reacquisition shall be borne solely by the reacquiring Participant and shall not be included for purposes of calculating the Participants’ respective Participating Interests. Notwithstanding the foregoing provisions of this Section 14.2, the Management Committee may authorize the reacquisition of any abandoned Properties, and the Participants shall each pay a proportionate share of the cost of reacquiring such Property and the reacquired Property shall thereafter be treated as part of the Properties.
Reacquisition. If any Abandonment Property is abandoned or surrendered pursuant to section 15.1, then except as provided in section 15.1, unless this Agreement is earlier terminated, neither Shareholder nor any Affiliate of a Shareholder may acquire any interest in such Abandonment Property or a right to acquire such Abandonment Property (“Abandonment Property Interest”) for a period of two (2) years following the Abandonment Date. If a Shareholder or any Affiliate of a Shareholder acquires any Abandonment Property Interest in breach of this section 15.2, then the other Shareholder may elect by notice to the acquiring Shareholder within twenty (20) Business Days after it has actual notice of such acquisition, to have such Abandonment Property Interest contributed to the Company. Until contributed to the Company in accordance with this section 15.2, the acquiring Shareholder must hold, or cause such Abandonment Property Interest to be held, in trust for the exclusive use and benefit of the Company and the other Shareholder. After such Notice to contribute the Abandonment Property Interest, the Shareholder that has acquired the Abandonment Property Interest must convey (including execute all necessary documents) or cause to be conveyed to the other Shareholder an interest in such Abandonment Property Interest equal to the Percentage Interest of the other Shareholder at the time and thereafter each Shareholder must contribute the interest it holds in the Abandonment Property Interest to the Company. In the event such an election is made, the contributed Abandonment Property Interest must thereafter be treated and form part of the Property, and the costs of acquisition will be borne solely by the Shareholder that or whose Affiliate (as the case may be) initially acquired the Abandonment Property Interest. No adjustment to the Shareholders’ respective Percentage Interests will be made as a result of such contribution.
