Sell Option Sample Clauses

Sell Option. If all of the Offered Stock has not been acquired by AMN or its designee or the Company, the Selling Stockholder(s) shall have the right to sell such Stock to the Third Party Offeror on the terms and conditions of the Third Party Offer; provided, that any such sale must be consummated within 45 calendar days of the date of the Offering Notice; provided however, that if compliance with the Harx-Xxxxx-Xxxxxx Xxtitrust Improvements Act of 1976 is necessary to consummate such sale, the 45-day period may be extended to the end of the waiting period thereunder (but in no event to more than 75 calendar days after the date of the Offering Notice). In the event that such sale is not consummated within such 45-day period (as extended if applicable) for any reason, then the restrictions provided for herein shall again become effective, and no transfer of such Offered Stock may be made thereafter by such Selling Stockholder(s) without again complying with this Section 8(b)(iii).
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Sell Option. If both Mobil and Volvo elect the Sell Option ----------- (or are deemed to have selected the Sell Option and thereby became "Selling Partners"), each Xxxxxxxx Partner shall, in the absence of a contrary agreement between them, be entitled and obligated to purchase that proportion of the Selling Partners' Entire Interests as such Xxxxxxxx Partner's Partnership Interest bears to the Partnership Interests of all of the Xxxxxxxx Partners. As to the Selling Partners, each Xxxxxxxx Partner shall be jointly and severally obligated with respect to the purchase price for the Entire Interests, except that Xxxxxxxx Jr. and JAJCO II shall be jointly and severally obligated to the Selling Partners only for that percentage of the purchase price which is equal to the percentage that their collective Partnership Interests bear to the Partnership Interest of all of the Xxxxxxxx Partners.
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Sell Option. An option by each continuing proprietor to a terminating proprietor. In the context of this deed this means an option granted by a terminating proprietor in relation to their share of the business:
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Sell Option. In the event that the Management Committee is unable to reach a unanimous decision with respect to any matter set forth in Section 6.2, either of the General Partners (such Partner herein referred to as a "Buy-Out Offeror") shall have the right to make a written offer to buy (a "Buy-Out Offer") all (but not less than all) of the Partnership Interests of the other General Partner and its Affiliates. The Buy-Out Offer shall be at a price determined in accordance with the Appraisal Procedure (the "Aggregate Purchase Price") which shall be payment for all of the assets, liabilities and business of the Partnership, and the amount to be paid to any selling Partner under this Section 11.2 shall be equal to the amount such selling Partner would receive if all the assets, liabilities and business of the Partnership were sold at the Aggregate Purchase Price on the date the Buy-Out Offer was made and the Partnership were then immediately dissolved in accordance with Section 10.2. The General Partners hereby agree to use their best efforts to cause the Appraisal Procedure to be completed within ninety (90) days after it has been initiated. The General Partner receiving a Buy-Out Offer (a "Buy-Out Offeree") shall, within 30 days of the determination of the Aggregate Purchase Price in accordance with the Appraisal Procedure, either (a) accept the Buy-Out Offer on behalf of itself and its Affiliates who own Partnership Interests or (b) agree to purchase all (but not less than all) of the Partnership Interests of the Buy-Out Offeror and its Affiliates upon the foregoing terms and using the same Aggregate Purchase Price as was determined in accordance with the Appraisal Procedure to determine the amount owing to each selling Partner. The failure of any Partner receiving a Buy-Out Offer to respond to such Buy-Out Offer within such 30-day deadline of its receipt thereof, either agreeing to accept such Buy-Out Offer on behalf of itself and its Affiliates or by agreeing to purchase all (but not less than all) of the Partnership Interest of the Buy-Out Offeror and its Affiliates on the foregoing terms, shall constitute (without any further action by the Buy-Out Offeror, the receiving General Partner or any other Partner) an irrevocable acceptance of such Buy-Out Offer by the receiving General Partner binding on and enforceable against such General Partner and its Affiliates. Any purchase of Partnership Interests required pursuant to subsection 11.2(a) shall be made through the ...
Sample 1
Sell Option. Either Owner may, at any time and for any reason, advise the other Owner that such first Owner ("Notifying Owner") desires to sell its interest in the Aircraft and is electing to require the other Owner ("Receiving Owner") to either purchase the Notifying Owner's entire interest in the Aircraft or, if Receiving Owner does not so elect to purchase, the Owners hereby agree that they will sell the entire Aircraft to a third party as provided below and the Owners will each receive their proportionate share of the net proceeds from such sale.
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Related to Sell Option

  • Call Option The Company shall have the option to "call" the Warrants (the "Warrant Call"), in accordance with and governed by the following:

  • Option Right Landlord hereby grants to the originally named Tenant herein (“Original Tenant”), and its “Permitted Assignees”, as that term is defined in Section 14.8, below, one (1) option to extend the Lease Term for a period of five (5) years (the “Option Term”), which option shall be irrevocably exercised only by written notice delivered by Tenant to Landlord not more than twelve (12) months nor less than nine (9) months prior to the expiration of the initial Lease Term, provided that the following conditions (the “Option Conditions”) are satisfied: (i) as of the date of delivery of such notice, Tenant is not in default under this Lease, after the expiration of any applicable notice and cure period; (ii) Tenant has not previously been in default under this Lease, after the expiration of any applicable notice and cure period, more than twice in the twelve (12) month period prior to the date of Tenant’s attempted exercise; and (iii) the Lease then remains in full force and effect. Landlord may, at Landlord’s option, exercised in Landlord’s sole and absolute discretion, waive any of the Option Conditions in which case the option, if otherwise properly exercised by Tenant, shall remain in full force and effect. Upon the proper exercise of such option to extend, and provided that Tenant satisfies all of the Option Conditions (except those, if any, which are waived by Landlord), the Lease Term, as it applies to the Premises, shall be extended for a period of five (5) years. The rights contained in this Section 2.2 shall be personal to Original Tenant and any Permitted Assignees, and may be exercised by Original Tenant or such Permitted Assignees (and not by any other assignee, sublessee or other “Transferee,” as that term is defined in Section 14.1 of this Lease, of Tenant’s interest in this Lease).

  • Option The Receiver hereby grants to the Assuming Institution an exclusive option for the period of ninety (90) days commencing the day after Bank Closing to accept an assignment from the Receiver of all Leased Data Management Equipment.

  • Our Option If we give you written notice within 30 days after we receive your signed, sworn proof of loss, we may repair or replace any part of the damaged property with material or property of like kind and quality.

  • Option; Option Price On the terms and subject to the conditions of the Plan and this Agreement, including, without limitation, Section 18 of this Agreement, the Optionee shall have the option (the “Option”) to purchase Shares at the price per Share (the “Option Price”) and in the amounts set forth on the signature page hereto. Payment of the Option Price may be made in the manner specified by Section 5.9 of the Plan. The Option is not intended to qualify for federal income tax purposes as an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”). Except as otherwise provided in Section 7 of this Agreement, the Option shall remain exercisable as to all Vested Options (as defined in Section 4) until the expiration of the Option Term (as defined in Section 3). Except as otherwise provided in the Plan or this Agreement, upon a Termination of Relationship, the unvested portion of the Option (i.e., that portion which does not constitute Vested Options) shall terminate.

  • Purchase Right Without prejudice to the enforcement of the Senior Secured Parties remedies, the Senior Secured Parties agree that following (a) the acceleration of all Senior Obligations in accordance with the terms of the Senior Debt Documents or (b) the commencement of an Insolvency Proceeding (each, a “Purchase Event”), within thirty (30) days of the Purchase Event, one or more of the Junior Priority Debt Parties may request, and the Senior Secured Parties hereby offer the Junior Priority Debt Parties the option, to purchase all, but not less than all, of the aggregate amount of outstanding Senior Obligations outstanding at the time of purchase at par, plus any premium that would be applicable upon prepayment of the Senior Obligations and accrued and unpaid interest and fees, without warranty or representation or recourse (except for representations and warranties required to be made by assigning lenders pursuant to the Assignment and Assumption (as such term is defined in the Senior Credit Agreement)). If such right is exercised, the parties shall endeavor to close promptly thereafter but in any event within ten Business Days of the request. If one or more of the Junior Priority Debt Parties exercise such purchase right, it shall be exercised pursuant to documentation mutually acceptable to each of the Senior Representative and the Junior Priority Representative. If none of the Junior Priority Debt Parties exercise such right, the Senior Secured Parties shall have no further obligations pursuant to this Section 5.07 for such Purchase Event and may take any further actions in their sole discretion in accordance with the Senior Debt Documents and this Agreement.

  • Option Rights Except as provided below, the Option shall be valid for a term commencing on the Grant Date and ending 10 years after the Grant Date (the "EXPIRATION DATE").

  • Method of Exercising Option Subject to the terms and conditions of this Agreement, the Option may be exercised by written notice to the Company or its designee, in substantially the form of Exhibit A attached hereto. Such notice shall state the number of Shares with respect to which the Option is being exercised and shall be signed by the person exercising the Option. Payment of the purchase price for such Shares shall be made in accordance with Paragraph 9 of the Plan. The Company shall deliver such Shares as soon as practicable after the notice shall be received, provided, however, that the Company may delay issuance of such Shares until completion of any action or obtaining of any consent, which the Company deems necessary under any applicable law (including, without limitation, state securities or “blue sky” laws). The Shares as to which the Option shall have been so exercised shall be registered in the Company’s share register in the name of the person so exercising the Option (or, if the Option shall be exercised by the Participant and if the Participant shall so request in the notice exercising the Option, shall be registered in the Company’s share register in the name of the Participant and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person exercising the Option. In the event the Option shall be exercised, pursuant to Section 4 hereof, by any person other than the Participant, such notice shall be accompanied by appropriate proof of the right of such person to exercise the Option. All Shares that shall be purchased upon the exercise of the Option as provided herein shall be fully paid and nonassessable.

  • Stock Option The Corporation hereby grants to the Optionee the option (the "Stock Option") to purchase that number of shares of Class A Common Stock of the Corporation, par value $.01 per share, set forth on Schedule A. The Corporation will issue these shares as fully paid and nonassessable shares upon the Optionee's exercise of the Stock Option. The Optionee may exercise the Stock Option in accordance with this Agreement any time prior to the tenth anniversary of the date of grant of the Stock Option evidenced by this Agreement, unless earlier terminated according to the terms of this Agreement. Schedule A sets forth the date or dates after which the Optionee may exercise all or part of the Stock Option, subject to the provisions of the Plan.

  • Manner of Exercising Option (a) In order to exercise this option with respect to all or any part of the Option Shares for which this option is at the time exercisable, Optionee (or any other person or persons exercising the option) must take the following actions:

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