Option to Sell. At any time after (i) the second anniversary of the acquisition of any of the Initial Properties, or (ii) the second anniversary of the acquisition of any Additional Property (collectively, the “Investment Period”), any Member can seek to obtain a bona fide offer to sell to a third party for cash either (a) all (but not less than all) of its interest in the Company, or (b) one or more Properties owned by the Company; provided that the Property to be sold has been held for two years (the “Offered Interest”). Prior to obtaining such offer, the Member that desires to sell the Offered Interest (the “Selling Member”) shall furnish the Manager and the other Member (the “Other Member”) with notice setting forth the cash price (subject to adjustment as set forth in Section 10.11(i)) and any other material economic terms at which the Selling Member will agree to sell the Offered Interest (the “Offer Notice”). The provisions of this Section shall not apply to a transfer described in Section 10.2(e) or (f), above. If the Offered Interest consists of more than one Property, the Selling Member shall submit a separate Offer Notice with respect to each such Property, and the procedures of this Section 10.5 shall apply separately and independently with respect to each Offer Notice (so that, for example, the Other Member may deliver a separate Response Notice with respect to each Property), and the term Offered Interest shall refer separately to each Property, rather than to such Properties collectively. Under no circumstances shall any Member have the right to Transfer its Interest in the Company, pursuant to this Section 10.5, to any “Prohibited Transferee.” As employed herein, the term Prohibited Transferee shall mean:
Option to Sell. Exsorbet irrevocably and unconditionally grants to APS the right, privilege and option to sell to Exsorbet and Exsorbet hereby irrevocably and unconditionally agrees to purchase, the Shares, for the price and on the terms provided herein. This option can be exercised by APS notifying Exsorbet in writing of the intent to exercise the option, in which case Exsorbet will have ten (10) days to complete the purchase as required herein. In the event the parties cannot agree on a time and place for a closing of the purchase, the closing will occur at the offices of APS in Austin, Texas, at 1:00 p.m. Austin time on the tenth day after APS has given notice of exercise to Exsorbet.
Option to Sell. Following a conversion of the SAFEs, the Lead Investor will have the option to sell at any time its units of the Company back to the Company, at an aggregate purchase price of USD $1.00.
Option to Sell. In the event of the Incapacity of any Party then that Party or his legally empowered representative shall have the option to sell his Share to the other Parties such option to be exercised by notice in writing served within twelve months from the date of the payment of the benefit under the said policy or such later time as the Parties shall, by mutual agreement, determine and on the exercise of such option the other Parties shall purchase the Share.
Option to Sell. In the event of the death of the Shareholder his personal representatives shall have the option to sell the deceased’s Shares to the Company such option to be exercised by notice in writing served within six months from the date of death or within one month after a grant of representation in respect of the estate of the deceased has been obtained if later or such later time as the Parties shall, by mutual agreement, determine and on the exercise of such option the Company shall purchase the Shares from the deceased Shareholder’s personal representatives.
Option to Sell. In the event of the Incapacity of the Shareholder then the Shareholder or his legally empowered representative shall have the option to sell his Shares to the Company such option to be exercised by notice in writing served within twelve months from the date of the payment of the benefit under the Policy or such later time as the Parties shall, by mutual agreement, determine and on the exercise of such option the Company shall purchase the Shares.
Option to Sell. 1A. In the event of the death of any Primary Owner the deceased Primary Owner’s personal representatives shall have the option to sell the deceased’s Share to the surviving Primary Owners such option to be exercised by notice in writing served within six months from the date of death or within one month after a grant of representation in respect of the estate of the deceased has been obtained if later or such later time as the parties to this agreement shall, by mutual agreement, determine and on the exercise of such option the surviving Primary Owners shall purchase the Share from the deceased Owner’s personal representatives.
Option to Sell. In the event of the death of any Party the deceased Party’s personal representatives shall have the option to sell the deceased’s Share to the surviving Parties such option to be exercised by notice in writing served within six months from the date of death or within one month after a grant of representation in respect of the estate of the deceased has been obtained if later or such later time as the Parties shall, by mutual agreement, determine and on the exercise of such option the surviving Parties shall purchase the Share from the deceased Party’s personal representatives.
Option to Sell. 16. It is the Seller’s responsibility to ensure that the Woodland is verified under the WCC and the number of WCUs issued is recorded in the UK Woodland Carbon Registry in order to allow sufficient time for the WCUs to be sold to the Purchaser within the relevant Supply Period as set out in Schedule 1.
Option to Sell. Upon the expiration of five (5) years immediately following the Closing Date, if no Seller is in breach of this Agreement or any other Transaction Document, all or any of the Sellers shall at any time, and from time to time, be entitled to require that Prime purchase from such Seller(s) up to a maximum twenty percent (20%) interest in Newco I (when aggregated with all other purchases pursuant to this Section), upon the terms and conditions hereinafter set forth, by giving written notice of such election to Prime.
