Buy-Back Period definition
Examples of Buy-Back Period in a sentence
Seller may exercise the Buy-Back Offer by delivering written notice thereof to Purchaser (the “Buy-Back Notice”) during the Buy-Back Period.
If a Seller fails to provide a Buy-Back Notice within the Buy-Back Period, such Seller’s Buy-Back Option shall terminate and expire.
At any time after the Closing and continuing until eighteen (18) months thereafter (the “Buy-Back Period”), the AI Members shall have the right to buy-back up to 90% of the issued and outstanding membership interests of the Company from its member(s) (the “Buy-Back Interest”) by providing the Company and Purchaser with written notice during the Buy-Back Period of their election to acquire the Buy-Back Interest (the “Buy-Back Notice”).
If a Buy-Back Option has not been exercised under Sections 5(a) or 5(b) above by the end of the Buy-Back Period, a notice under Section 5(a) above shall automatically be deemed to have been given by Seven States on the last day of the Buy-Back Period.