Common use of Repurchase Procedures Clause in Contracts

Repurchase Procedures. The Company may elect to exercise the right to purchase all or any portion of the Executive Units pursuant to the Repurchase Option by delivering written notice (the "Repurchase Notice") to the holder or holders of Executive Units within 180 days after Executive's Termination Date. The Repurchase Notice will set forth the number of Executive Units to be acquired from such holder(s), the aggregate consideration to be paid for such Units and the time and place for the closing of the transaction. The Company may elect to purchase all or any portion of the Unvested Units without or before purchasing any Vested Units. If any of the Executive Units are held by Permitted Transferees of Executive, the Company shall purchase the units elected to be purchased from such holder(s) of Executive Units pro rata according to the number of Executive Units held by such holder(s) at the time of delivery of such Repurchase Notice (determined as nearly as practicable to the nearest unit). If both Unvested Units and Vested Units are to be purchased by the Company and Executive Units are held by Permitted Transferees of Executive, the number of Unvested Units and Vested Units to be purchased will be allocated among such holders pro rata according to the total number of Executive Units to be purchased from such person.

Repurchase Procedures. The Company Holdings or ACR Management may elect to --------------------- exercise the right to purchase all or any portion of the Executive Units pursuant to the Repurchase Option by delivering written notice (the "Repurchase ---------- Notice") to the holder or holders of Executive Units within 180 days after ------ Executive's Termination Date. The Repurchase Notice will set forth the number of Executive Units to be acquired from such holder(s), the aggregate consideration to be paid for such Units units and the time and place for the closing of the transaction. The Company Holdings may elect to purchase all or any portion of the Unvested Incentive Units without or before purchasing any Vested Incentive Units. If any of the Executive Units are held by Permitted Transferees of Executive, the Company Holdings or ACR Management shall purchase the units or membership interest elected to be purchased from such holder(s) of Executive Units pro rata according to the number of Executive Units held by such holder(s) at the time of delivery of such Repurchase Notice (determined as nearly as practicable to the nearest unit). If both Unvested Units and Vested Units are to be purchased by the Company Holdings or General Partner and Executive Units are held by Permitted Transferees of Executive, the number of Unvested Units and Vested Units to be purchased will be allocated among such holders pro rata according to the total number of Executive Units to be purchased from such person.

Repurchase Procedures. The Company may elect to exercise the --------------------- right to purchase all or any portion of the Executive Units pursuant to the Repurchase Option by delivering written notice (the "Repurchase Notice") to the ----------------- holder or holders of Executive Units within 180 days after Executive's Termination Date. The Repurchase Notice will set forth the number of Executive Units to be acquired from such holder(s), the aggregate consideration to be paid for such Units units and the time and place for the closing of the transaction. The Company may elect to purchase all or any portion of the Unvested Incentive Units without or before purchasing any Vested Incentive Units. If any of the Executive Units are held by Permitted Transferees of Executive, the Company shall purchase the units elected to be purchased from such holder(s) of Executive Units pro rata according to the number of Executive Units held by such holder(s) at the time of delivery of such Repurchase Notice (determined as nearly as practicable to the nearest unit). If both Unvested Units and Vested Units are to be purchased by the Company and Executive Units are held by Permitted Transferees of Executive, the number of Unvested Units and Vested Units to be purchased will be allocated among such holders pro rata according to the total number of Executive Units to be purchased from such person.

Repurchase Procedures. The Company may elect to exercise the right to purchase all or any portion of the Executive Units pursuant to the Repurchase Option by delivering written notice (the "“Repurchase Notice"”) to the holder or holders of Executive Units within 180 days after Executive's ’s Termination Date. The Repurchase Notice will set forth the number of Executive Units to be acquired from such holder(s), the aggregate consideration to be paid for such Units and the time and place for the closing of the transaction. The Company may elect to purchase all or any portion of the Unvested Units without or before purchasing any Vested Units. If any of the Executive Units are held by Permitted Transferees of Executive, the Company shall purchase the units elected to be purchased from such holder(s) of Executive Units pro rata according to the number of Executive Units held by such holder(s) at the time of delivery of such Repurchase Notice (determined as nearly as practicable to the nearest unit). If both Unvested Units and Vested Units are to be purchased by the Company and Executive Units are held by Permitted Transferees of Executive, the number of Unvested Units and Vested Units to be purchased will be allocated among such holders pro rata according to the total number of Executive Units to be purchased from such person.

Repurchase Procedures. The Company Holdings or ACR Management may elect to --------------------- exercise the right to purchase all or any portion of the Executive Incentive Units pursuant to the Repurchase Option by delivering written notice (the "Repurchase ---------- Notice") to the holder or holders of Executive such Incentive Units within 180 days after ------ Executive's Termination Date. The Repurchase Notice will set forth the number of Executive Incentive Units to be acquired from such holder(s), the aggregate consideration to be paid for such Units units and the time and place for the closing of the transaction. The Company Holdings may elect to purchase all or any portion of the Unvested Incentive Units without or before purchasing any Vested Incentive Units. If any of the Executive Incentive Units are held by Permitted Transferees of Executive, the Company Holdings or ACR Management shall purchase the units or membership interest elected to be purchased from such holder(s) of Executive Incentive Units pro rata according to the number of Executive Incentive Units held by such holder(s) at the time of delivery of such Repurchase Notice (determined as nearly as practicable to the nearest unit). If both Unvested Incentive Units and Vested Incentive Units are to be purchased by the Company Holdings or General Partner and Executive Incentive Units are held by Permitted Transferees of Executive, the number of Unvested Incentive Units and Vested Incentive Units to be purchased will be allocated among such holders pro rata according to the total number of Executive Incentive Units to be purchased from such person.

Repurchase Procedures. The Company Holdings or ACR Management may elect to --------------------- exercise the right to purchase all or any portion of the Executive Units pursuant to the Repurchase Option by delivering written notice (the "Repurchase ---------- Notice") to the holder or holders of Executive Units within 180 days after ------ Executive's Termination Date. The Repurchase Notice will set forth the number of Executive Units to be acquired from such holder(s), the aggregate consideration to be paid for such Units units or membership interest and the time and place for the closing of the transaction. The Company Holdings may elect to purchase all or any portion of the Unvested Incentive Units without or before purchasing any Vested Incentive Units. If any of the Executive Units are held by Permitted Transferees of Executive, the Company Holdings or ACR Management shall purchase the units or Membership Interest elected to be purchased from such holder(s) of Executive Units pro rata according to the number of Executive Units held by such holder(s) at the time of delivery of such Repurchase Notice (determined as nearly as practicable to the nearest unit). If both Unvested Units and Vested Units are to be purchased by the Company Holdings or ACR Management and Executive Units are held by Permitted Transferees of Executive, the number of Unvested Units and Vested Units to be purchased will be allocated among such holders pro rata according to the total number of Executive Units to be purchased from each such person.