Purchase Election definition

Purchase Election has the meaning set forth in Section 4.5(c) hereof.

Purchase Election will have the meaning set forth in Section 3.1.1(c).

Purchase Election means an election made by a Trust Beneficiary to purchase, without the payment of commissions or other fees, additional shares of Common Stock to be deposited in the Trust and allocated to the Trust Beneficiary in accordance with the Purchase and Sale Program Procedures and Section 5.2.

Examples of Purchase Election in a sentence

• During the period after which the Trustee has given notice of the Terminating Purchase to the Securityholders and the Purchase Election Date, the Trustee shall use all reasonable efforts to obtain surrender of the certificates in physical form evidencing the Securities, together with such certificates or documents as may be required to be delivered by the transferor of a Security pursuant to Section 5.03 of the Standard Terms.

• Any such further election to purchase the Securities and to treat such Securities as outstanding shall be made by the Residual Majority by written notice of such further election delivered to the Trustee no later than the Purchase Election Date.

• The closing of any such private placement shall occur as soon as practicable but no later than five (5) business days after the Purchaser shall have issued a notice (an “Additional Purchase Election Notice”) to the Company electing to consummate all or such portion of the Additional Purchase.

• Each Eligible Director may make a stock purchase election on a form approved by the Committee (the “Stock Purchase Election Form”) directing that up to one hundred percent of his or her annual retainer, in twenty-five percent increments, be allocated to the purchase of Common Stock on his or her behalf.

• If an Eligible Director has timely submitted a satisfactory Stock Purchase Election Form, the Eligible Director shall be issued that number of whole shares of Common Stock, rounded down if necessary, equal to the amount of the Director's retainer to be allocated to the purchase of Common Stock on that date divided by the Fair Market Value of a share of Common Stock as of the trading date immediately preceding the issue date.

More Definitions of Purchase Election

Purchase Election shall have the meaning set forth in Section 2.1(b). 5 -3-

Purchase Election shall have the meaning set forth in Section 13.4 below. (mm) "Put/Call Notice" shall have the meaning set forth in Section 13.6(g) below.

Purchase Election means the Fundamental Change Purchase Election or the Company Purchase Election, as applicable.

Purchase Election has the meaning defined in the License and Development Agreement.

Purchase Election shall have the meaning set forth in Section 10.1.8.

Purchase Election shall have the meaning ascribed to such term in Section 2.4.1(a) of this Agreement.

Purchase Election has the meaning set forth in Section 8.1(c).