Buy Back Provisions. We may at any time within a 24 month period “Buy Back” from you any and all rights that were conveyed or sold to You, including any equipment, at our discretion, such Buy Back shall be the amount that expenses exceed revenue at the time of the Buy Back which We will pay to You, in the event that revenues exceed expenses on that date the Buy Back We will pay to You shall be $10 only. All calculations of expenses and revenues from events shall be based upon GAAP compliant financials for the events and expenses
Buy Back Provisions. We may at any time within a 24 month period “Buy Back” from you any and all rights that were conveyed or sold to You, including any equipment, at our discretion, such Buy Back shall be the amount that expenses exceed revenue at the time of the Buy Back which We will pay to You, in the event that revenues exceed expenses on that date the Buy Back We will pay to You shall be $10 only. All calculations of expenses and revenues from events shall be based upon GAAP compliant financials for the events and expenses shall include the $300,000 liability arising from Your Slide the City Franchise agreement. You shall also be entitled to receive 200,000 shares of Preferred Series A Preferred Stock of Sack Lunch Productions, Inc. at the time of Buy Back
Buy Back Provisions. What you will do
2.1 If there is a buy-back event and the Developer so requires, you will transfer the Land to the Developer or nominee upon and subject to the buy-back rules.
2.2 A buy-back event occurs if –
(a) you decide to sell the Land; or
(b) you list the Land for sale with any real estate agent or other person; or
(c) the Land is advertised or otherwise offered for sale; or
(d) you otherwise attempt to sell the
(e) you do not make substantial commencement of construction of a house (in accordance with plans approved by the Developer) by the first anniversary of the date of possession; or
(f) you commence to erect a proposed structure before you obtain the Developer’s approval of the plans for that structure; or
(g) you commit any other breach. But a buy-back event cannot occur after you have made substantial commencement of construction of a house (in accordance with plans approved by the Developer).
2.3 If a buy-back event occurs you will give a Transfer Notice to the Developer, immediately.
2.4 If –
(a) a buy-back event occurs; and
(b) you have not given a Transfer Notice to the Developer the Developer may give a Transfer Notice to you.
2.5 The Developer may waive its rights under clause 2.1, in respect of a particular buy- back event, by written notice to you before the Date for Completion.
Buy Back Provisions. The city, upon the written request of an eligible employee, shall buy back up to one hundred (100) percent of the total unused sick leave accumulated by the employee during the preceding fiscal year which is in excess of the minimum required for eligibility. For each hour of sick leave bought back by the city, the employee shall receive seventy-five percent (75%) of his hourly rate of pay in effect at the time that the sick leave buy back check is written or, in the case of a former employee, the former employee's final rate of pay. The employee's total accumulated sick leave time will be reduced by the number of hours of sick leave sold back to the city.*
Buy Back Provisions. Notwithstanding anything to the contrary contained in this Agreement, a Participant whose participation in the Plan is terminated under paragraph (e) of
Section 9.1 may, upon becoming reemployed by an Employer, repay the amount, if any, distributed to him under the provisions of Section 9.6, in which event the Company shall immediately credit his sub-accounts attributable to Employer Matching Contributions and his Separate ESOP Accounts with any amount forfeited by him on account of his prior termination of participation without adjustment for gains or losses experienced by any fund established in conjunction with the Plan, during the period between his distribution date and the date of such repayment. Any repayment made pursuant to the provisions of this Section 9.14 must be made by such Participant no later than the earlier of (i) five years after the first date the Participant is subsequently reemployed, or (ii) the close of the first period of five consecutive one-year periods of severance during which he does not complete an Hour of Service following his distribution date. Funds needed in any Plan Year to recredit a sub-account or Separate ESOP Account pursuant to the provisions of this Section 9.14 shall first come from forfeitures that arise during such Plan Year, to the extent sufficient, then from a special contribution made by the Employers, and finally from income earned by the Trust in such Plan Year.
Buy Back Provisions. On any day during the Winter season (October through April), Seller may recall up to the following amount of DCQ. Seller shall provide notice to Buyer of volumes to be recalled by 11:00 am CPT on the day prior to FGT day-ahead nomination deadline. Buyer shall have the right to financially settle this gas supply recall for system reliability conditions but Buyer shall instead pay Gas Daily Absolute High for the amount of gas recalled. Term Recall Volumes July 1, 1999 – June 30, 2001 Winter (Oct. – April) 100,000 MMBtu/day July 1, 2001 – June 30, 2003 Winter (Oct. – April) 150,000 MMBtu/day July 1, 2003 – Feb. 28, 2010 Winter (Oct. – April) 200,000 MMBtu/day Seller shall have the one time right to extend the term of the gas recall at the final term volumes for an additional three years (through February 28, 2013) by notifying Buyer before December 31, 2009.
Buy Back Provisions. Upon the termination of an Employee Member's employment with Inergy Partners, for any reason or no reason, the Employee Member shall sell and the Company shall buy such Employee Member's Interest in the Company subject to the following terms and conditions: If an Employee Member leaves the employment of Inergy Partners by reason of resigning, being terminated with or without cause or due to such Employee Member's normal retirement, death or disability at any time, then the Employee Member shall sell and the Company shall buy such Employee Member's Interest in the Company at a purchase price equal to the EBITDA Valuation on the date such Employee Member's employment with Inergy Partners terminate.
Buy Back Provisions. 6.1 Vendor's Buy-Back Option The Purchaser hereby grants to the Vendor the right and option (the "Destiny Buy-back Option") to purchase all of the Shares back from the Purchaser for US$600.00 in the aggregate on the following terms and conditions:
(a) the Destiny Buy-back Option will be exercisable if and only if Closing occurs and the Company has not, within 60 days next following Closing, received at least $250,000 from private placements of its shares after Closing at prices not less than US$1.50 per share;
(b) the Destiny Buy-back Option will become exercisable sixty days after Closing;
(c) the Destiny Buy-back Option will be exercisable from and after the time specified in clause 6. 1 (b) to and including the 120th day next following the Closing Date, and will expire at the end of that period;
(d) the Destiny Buy-back Option may be exercised by notice in writing to the Purchaser accompanied by payment of the exercise price in the form of cash, a certified cheque or a bank draft; and
(e) the Destiny Buy-back Option may be assigned by the Vendor by notice in writing to the Purchaser if the proposed assignee agrees in writing to be bound by the terms of this Agreement, including without limitation section 6.2.
6.2 If the Vendor exercises the Destiny Buy-back Option, the Vendor will pay to the Purchaser an amount equal to the legal (on a solicitor and own client basis) and out-of-pocket expenses incurred by the Purchaser in connection with the negotiation, drafting, execution and delivery of this Agreement and the performance of the Purchaser's rights and obligations hereunder, including without limitation reasonable out-of-pocket expenses incurred by the Purchaser to obtain equity financing after Closing.
Buy Back Provisions. Notwithstanding anything to the contrary contained in this Agreement, a Participant whose participation in the Plan is terminated under paragraph (e) of Section 9.1 may, upon becoming reemployed by an Employer, repay the amount, if any, distributed to him under the provisions of Section 9.6, in which event the Company shall immediately credit his sub-accounts attributable to Employer Matching Contributions and his Xxxxxxxx XXXX Accounts with any amount forfeited by him on account of his prior termination of participation without adjustment for gains or losses experienced by any fund established in conjunction with the Plan, during the period between his distribution date and the date of such repayment. Any repayment made pursuant to the provisions of this Section 9.14 must be made by such Participant no later than the end of the five year period following his distribution date. Funds needed in any Plan Year to recredit a sub-account or Separate ESOP Account pursuant to the provisions of this Section 9.14 shall first come from forfeitures that arise during such Plan Year, then from a special contribution made by the Employers, and finally from income earned by the Trust in such Plan Year.
Buy Back Provisions. Upon the termination of an Employee Member's employment with XxXxxxxxx, for any reason or no reason, the Employee Member shall sell and the Company shall buy such Employee Member's Interest in the Company subject to the following terms and conditions:
