Exercise of Right definition

Exercise of Right. If the Stockholder or any Authorized Transferee (the "Transferor") desires to transfer all or any part of the Restricted Shares as to which the Company's Repurchase Option has expired ("Vested Shares") to any person other than the Company (an "Offeror"), the Transferor shall: (i) obtain in writing an irrevocable and unconditional bona fide offer (the "Offer") for the purchase thereof from the Offeror; and (ii) give written notice (the "Transfer Notice") to the Company setting forth the Stockholder's desire to transfer such shares, which Transfer Notice shall be accompanied by a photocopy of the Offer and shall set forth at least the name and address of the Offeror and the price and terms of the bona fide offer. Upon receipt of the Transfer Notice, the Company shall have a non-assignable option to purchase all (and not less than all) of such shares (the "Option Shares") specified in the Transfer Notice, such option to be exercisable by giving, within 15 days after receipt of the Transfer Notice, a written counter-notice to the Transferor. If the Company elects to repurchase all of such Option Shares, it shall be obligated to purchase, and the Stockholder shall be obligated to sell such Option Shares, at the price and terms indicated in the Offer within 15 days from the date of delivery by the Company of such counter-notice.
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Exercise of Right. BY FIRM AGENT OR ASSIGNEE Any right herein conferred upon, or reserved by the Firm, may be exercised by a written and appropriately designated Agent or Assignee of the Firm. HEADINGS All headings utilized in this Agreement, including all exhibits, are used for convenience only and shall not be construed as material language or interpretation of this Agreement.
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Examples of Exercise of Right in a sentence

  • In particular, in connection with the exercise of any of its rights in respect of the relevant Trust Assets or any other right it may have pursuant to the Master Declaration of Trust, the Delegate shall in no circumstances be bound to take any action unless directed to do so in accordance with Condition 15 (Enforcement and Exercise of Right), and then only if it shall have been indemnified and/or secured and/or prefunded to its satisfaction.

  • Subsection (z) follows the approach of Revised Article 8 and would afford equal priority to the security interests.

  • II IMPLEMENTATION OF FREE LEGAL AIDAccording to the Ministry of Justice Report on Exercise of Right to Free Legal Aid and Utilization of Funds in 201219, citizens filed 7068 applications for approval of FLA.

  • The MDTF-JSS team also partnered with YUCOM to prepare the “Guide for the Exercise of Right to a Court Interpreter (translator)”11 as a tool to raise awareness on the role of, and right to, a court- appointed interpreter.

  • Exercise of Right of Erasure (“right to be forgotten”)In the event that you wish to exercise your right of erasure, we will be pleased to comply with your request provided the last transaction movement or ledger entry of your last transaction or case has exceeded our minimum retention periods.

  • The Exercise of Right to purchase shares will be valid only if the payments are collectable in full.

  • Manner of payment75.Modalités de paiementxvi Payment Before Exercise of Right of Access76.

  • Please specify full name and contact number on the back of Personal Cheque, Cashier Cheque, or Bank Draft.The warrant holders who would like to settle the payment by Personal Cheque, Cashier Cheque, or Bank Draft must submit the required documents in full and completed to the venue of exercise rights of warrants (in Item 6) within 23 March 2020.The Exercise of Right to purchase shares will be valid only if the payments are collectable in full.

  • In the case of any such delivery by facsimile transmission, the original Notice of Exercise of Right form shall be promptly forwarded by you by hand or mail to the Treasury Desk, but delivery thereof to the Treasury Desk shall not be a condition to exercise of the right and the receipt of the facsimile transmission by the Treasury Desk shall be sufficient therefor.

  • Data Protection: Essential for Exercise of Right to Privacy Privacy is an internationally recognised human right.

Related to Exercise of Right

  • Conversion Right has the meaning set forth in Section 4.05(a) hereof.

  • Conversion Rights means exchange of, or the rights to exchange, the Principal Amount of the Loan, or any part thereof, for fully paid and nonassessable Common Stock on the terms and conditions provided in the Debentures.

  • Subscription Rights means the subscription rights to purchase Rights Offering Shares.

  • Exercise Right means the Exercise Right as specified in § 3 (1) of the Special Conditions.

  • Financial Transmission Right Option means a right to receive Transmission Congestion Credits as specified in Operating Agreement, Schedule 1, section 5.2.2(c), and the parallel provisions of Tariff, Attachment K-Appendix, section 5.2.2(c).

  • Exercise Notice has the meaning set forth in Section 3.2(1);

  • Put Right has the meaning set forth in Section 8.05(a).

  • Stock Right means an Award under Article VI of the Plan. A Stock Right may be either a Stock Appreciation Right or a Limited Stock Appreciation Right.

  • Conversion Option means the Company’s option to convert some or all of the Series D Preferred Stock into that number of shares of Common Stock that are issuable at the then-applicable conversion rate as described in Section 8(c) of these Articles Supplementary.

  • Exercise means a Holder’s right to exercise the Securities, in accordance with Product Condition 3;

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Election to Exercise shall have the meaning ascribed thereto in Clause 2.2(d)(ii);

  • Exercise of Secured Creditor Remedies means, except as otherwise provided in the final sentence of this definition:

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • Warrant Exercise Period shall commence (subject to Section 6(d) below), on the later of:

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

  • Demand Exercise Notice has the meaning set forth in Section 2.1(a).

  • Right of First Refusal Agreement means the Right of First Refusal Agreement, dated as of August 4, 2017, among the Partnership, the Operating Partnership and NextEra Energy Resources, LLC.

  • Purchase Option As defined in Section 3.18(c).

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Exercised has the meaning ascribed to it in Part D of the Network Code;

  • Right of First Refusal means the Company’s right of first refusal described in Section 8.

  • Purchase Option Notice As defined in Section 3.18(e).

  • Exercise Payment means the amount of money equal to the Exercise Price multiplied by the number of Optioned Shares specified in the Notice of Exercise;

  • Exchange Right has the meaning provided in Section 8.05(a) hereof.

  • Repurchase Option has the meaning set forth in Section 1.3(a) hereto.