Reacquisition definition

Reacquisition means a reacquisition of the Company, directly or indirectly, by Travelport Limited.

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Reacquisition means the reacquisition of Affinity by the Secured Party if an event occurs that under Section 8 of the Acquisition Agreement gives Secured Party the right to Rescission and/or Reacquisition of Affinity pursuant to the terms of said Section 8.

Reacquisition. If any Properties are abandoned or surrendered under the provisions of this Article XV, then, unless this Agreement is earlier terminated, neither Party nor any Affiliate thereof shall acquire any interest in such Properties or a right to acquire such Properties for a period of two (2) years following the date of such abandonment or surrender. If a Party reacquires any Properties in violation of this Section 15.2, such Properties shall automatically become subject to the terms of this Agreement and the other Party may elect by notice to the reacquiring Party within forty-five (45) days after it has actual notice of such reacquisition, to have such properties continued subject to the terms of this Agreement. If such election is made, such reacquisitions shall be held in the proportion that each Party owned the reacquired Properties at the time they were abandoned and the costs of reacquisition shall be paid in those proportions. If such an election is not made, the reacquired properties shall thereafter cease to be treated as Properties, and the costs of reacquisition shall be borne solely by the reacquiring Party and shall not be included for purposes of calculating the Parties' respective Participating Interests. PART III - PROVISIONS APPLICABLE TO PARTS I AND II

Examples of Reacquisition in a sentence

• The Company may at any time place legends referencing the Company Reacquisition Right and any applicable federal, state or foreign securities law restrictions on all certificates representing the Shares.

• The Escrow shall continue with respect to any Shares for so long as such Shares remain subject to the Company Reacquisition Right.

• Except to the extent otherwise provided by the Superseding Agreement, if any, in the event that the Participant’s Service terminates for any reason or no reason, with or without cause, the Participant shall forfeit and the Company shall automatically reacquire all Units which are not, as of the time of such termination, Vested Units (“Unvested Units”), and the Participant shall not be entitled to any payment therefor (the “Company Reacquisition Right”).

• To ensure that Shares subject to the Company Reacquisition Right will be available for reacquisition, the Participant and the Company hereby appoint the Secretary of the Company, or any other person designated by the Company, as their agent and as attorney-in-fact for the Participant (the “Agent”) to hold any and all Unvested Shares and to sell, assign and transfer to the Company any such Unvested Shares reacquired by the Company pursuant to the Company Reacquisition Right.

• Upon termination of the Company Reacquisition Right with respect to Shares, the Company shall so notify the Agent and direct the Agent to deliver such number of Shares to the Participant.

• The Participant shall, at the discretion of the Company, be obligated to promptly repay to the Company upon termination of the Participant’s Service any dividends and other distributions paid to the Participant in cash with respect to Unvested Shares reacquired by the Company pursuant to the Company Reacquisition Right.

• The purpose of this assignment is to enable the Company to exercise its Company Reacquisition Right set forth in the Restricted Stock Agreement without requiring additional signatures on the part of the Participant.

• If the Company does not waive its Reacquisition Right as to all of the Unvested Shares, then upon such termination of your Continuous Service, the Escrow Holder shall transfer to the Company the number of shares the Company is reacquiring.

• Upon termination of the Reacquisition Right with respect to Shares, the Company shall so notify the Agent and direct the Agent to deliver such number of Shares to the Participant.

• Upon deposit of the Reacquisition Price for such Contracts, such Contracts may, pursuant to Section 7.08 of the Agreement, be assigned by the Trustee to the Seller.

More Definitions of Reacquisition

Reacquisition means the return of a franchise outlet during its term to the franchisor in exchange for cash or some other consideration, including the forgiveness of a debt. For example, during the course of a franchise agreement, a franchisee may wish to terminate its relationship with the franchisor, and the franchisor may agree to buy back the outlet for cash or to forgive overdue royalty payments.