Purchase Obligation. An obligation of the Company to repurchase Mortgage Loans under the circumstances and in the manner provided in Section 2.07 or Section 2.08.
Purchase Obligation. An obligation of the Depositor to repurchase Loans under the circumstances and in the manner provided in Section 2.2 or Section 2.3.
Purchase Obligation. An obligation of the Depositor or the Seller to repurchase Loans under the circumstances and in the manner provided in Section 2.3.
Purchase Obligation. Following the five-year anniversary of the date of this Agreement, on each six-month anniversary thereafter, the Company shall determine the aggregate value of the shares of Class B Stock held by the Purchaser. The value of each share of Class B Stock shall equal the fair market value of one share of the Common Stock on such date, to be calculated as follows: (i) if the Common Stock is listed or admitted to trading on a national securities exchange, the last reported sale price of the Common Stock, regular way, on such day or in case no sale takes place on such day, the average of the reported closing bid and asked prices of the Common Stock, regular way, on such day, in either case as reported on such exchange; or (ii) if the Common Stock is not listed or admitted to trading on any national securities exchange, but is listed on the Nasdaq National Market, the closing sale price of the Common Stock on such day, or in case no sale is publicly reported for such day, the average of the representative closing bid and asked quotations for the Common Stock, as reported on Nasdaq; or (iii) if the Common Stock is not listed or admitted to trading on the Nasdaq National Market, the average of the bid and asked prices for the Common Stock as furnished for such day by Nasdaq, or, if not furnished by Nasdaq, by any New York Stock Exchange, Inc. member firm regularly making a market in the Common Stock and selected for such purpose by the Company’s board of directors; or (iv) if no public market exists for the Common Stock, as determined in good faith by the Company’s board of directors. If the aggregate value of the Class B Stock held by the Purchaser is determined to be less than $500,000, then the Purchaser shall purchase from the Company such number of shares of Class B Stock as would equal the difference between the value of the Class B Stock as determined herein and $500,000. The purchase price of such shares of Class B Stock would be payable to the Company by wire transfer in immediately available funds to an account designated by the Company no later than one business day after the determination of the value as provided herein. If such six-month anniversary falls on any day that is not a business day, then the determination of the value of the Class B Stock shall be made on the next immediately following business day.
Purchase Obligation. Upon expiration of this Business Management Agreement in accordance with Section 6.1 or termination of this Business Management Agreement by Business Manager, as set forth in Section 6.2(b) above, the Practice shall upon Business Manager's demand:
Purchase Obligation. The Fund and the Purchaser acknowledge and agree that the Series 1 VRDP Shares do not have the benefit of a demand feature pursuant to any Purchase Obligation (as defined in the Statement).
Purchase Obligation. Upon termination of this agreement for any ------------------- reason, Provider shall, at Service Company's option:
Purchase Obligation. (A) Subject to the next sentence, during each rolling twelve-month period that begins during the Initial Term (each a “MOS (Non-Apparel) Measurement Period”), Buyer will not be obligated to purchase from Seller more than 175% of the amount of MOS (Non-Apparel) that Buyer purchased from Seller during the 12-month period that immediately preceded the then-current MOS (Non-Apparel) Measurement Period (the “MOS (Non-Apparel) 175% Limit”). Buyer’s purchases of MOS (Non-Apparel) in accordance with a MOS Right of First Offer and purchases of MOS (Non-Apparel) Excess in accordance with Section 4(c)(iv)(B) will be excluded from Buyer’s purchases of MOS (Non-Apparel) for the purpose of determining Buyer’s purchases of MOS (Non-Apparel) in excess of the MOS (Non-Apparel) 175% Limit. With respect to the first MOS (Non-Apparel) Measurement Period, which will end on the last day of the fiscal month in which the first anniversary of the Effective Date occurs, and for each of the next eleven consecutive MOS (Non-Apparel) Measurement Periods (each ending on the last day of a fiscal month), the purchase volumes for the applicable number of months immediately preceding the Effective Date will be used to determine Buyer’s rights in accordance with the first sentence of this Section 4(c)(iv)(A). The amount of MOS (Non-Apparel) in excess of the MOS (Non-Apparel) Execution Copy
Purchase Obligation. An obligation of the Sponsor or the Depositor to purchase Mortgage Loans under the circumstances and in the manner provided in Section 2.02 or 2.04.
Purchase Obligation. During each Contract Year, Purchaser shall purchase from Producer no less than 85% of the Annual Supplied Product Quantity (defined below), with amounts pro-rated for the Contract Year in which this Agreement is expired or terminated (as applicable in each case, the “Minimum Annual Volume”). For purposes of this Section 2.2, a Supplied Product shall be deemed purchased as of the time Producer receives the Firm Order associated with such Supplied Product in accordance herewith.
