Common use of Repurchase Closing Clause in Contracts

Repurchase Closing. (a) At the Repurchase Closing, the Company shall update the register of members and cancel the Repurchased Shares. At the Repurchase Closing, the Sellers shall surrender the share certificates representing the Repurchased Shares to the Company for cancellation, and the Company shall deliver substitute share certificates to the Sellers to evidence remaining Ordinary Shares owned by the Sellers. (b) Within twenty (20) days after the Repurchase Closing, the respective Repurchase Price shall be paid by the Company to the bank accounts as designated in advance by such Sellers. (c) Notwithstanding the foregoing, the Company shall be entitled to deduct the Holdback Amount (as defined below) from the respective Repurchase Price paid to such Institutional Seller as applicable in accordance with Section 5(b) hereof.

Repurchase Closing. (a) At the Repurchase Closing, the Company shall update the register of members and cancel the Repurchased Shares. At the Repurchase Closing, the Sellers Seller shall surrender the share certificates certificate representing the Repurchased Shares to the Company for cancellation, and the Company shall deliver substitute share certificates certificate to the Sellers Seller to evidence remaining Ordinary Series A-1 Preferred Shares owned by the SellersSeller. (b) Within twenty (20) days after the Repurchase Closing, the respective Repurchase Price shall be paid by the Company to the bank accounts account as designated in advance by such Sellersthe Seller. (c) Notwithstanding the foregoing, the Company shall be entitled to deduct the Holdback Amount (as defined below) from the respective Repurchase Price paid to such Institutional the Seller as applicable in accordance with Section 5(b) 5 hereof.

Repurchase Closing. (a) At the Repurchase Closing, the Company shall update the register of members and cancel the Repurchased Shares. At the Repurchase Closing, the Sellers Seller shall surrender the share certificates representing the Repurchased Shares to the Company for cancellation, and the Company shall deliver substitute share certificates to the Sellers Seller to evidence remaining Ordinary Series A-1 Preferred Shares owned by the SellersSeller. (b) Within twenty (20) days after the Repurchase Closing, but no later than November 30, 2019, the respective Repurchase Price shall be paid by the Company to the bank accounts account as designated in advance by such Sellersthe Seller. (c) Notwithstanding the foregoing, the Company shall be entitled to deduct the Holdback Amount (as defined below) from the respective Repurchase Price paid to such Institutional the Seller as applicable in accordance with Section 5(b5(a) hereof.