Buy-Out Rights. If any Assignor (or a nominee acceptable to the Assignees) shall acquire title to all or any part of the Collateral securing a Loan, the Assignor shall, upon demand of the Assignees, buy out the Assignees' Participation Interest in such a loan at the sole and absolute discretion of the Assignees.
Buy-Out Rights. (a) If a lien is placed on MTG or on any equity member(s) of MTG having an aggregate equity interest in MTG of 30% or more (the "Lien Member), the Lien Member shall, within 10 days of the placement of the lien, give written notice to Phone 1 (the "No Lien Member") xxx xxx Xxxxxxx xx xxxx Lien. The Company shall have the right to buy out the Ownership Interest of the Lien Member at a price equal to the net book value of the Company exclusive of goodwill and intangibles (the "Book Value") on the date of the closing of the purchase of the Lien Member's Ownership Interest minus 70% (the "Reduced Price"), in five yearly, equal and consecutive payments with interest at the Applicable Federal Rate under the Code for instrument of like duration interest if such Lien is not removed or vacated within thirty (30) days. If the Company, under this Section 7.6 (a) decides to purchase the Lien Member's Ownership Interest, it shall notify the Lien Member in writing. This notice shall be deemed to be an irrevocable commitment to purchase the Lien Member's Ownership Interest at the Reduced Price, in five yearly equal and consecutive payments with interest at the Applicable Federal Rate. The Company, if it does not receive notice from the Lien Member, may exercise the same rights when it learns of the lien. If the Company does not accept to purchase the Lien Member's Ownership Interest within 30 days from the Notice given by the Lien Member (of if no such notice is given, within 30 days from the moment the Company learns of the lien), the No Lien Member shall have the right to purchase the Lien Member's Ownership Interest under the same terms and conditions described in the paragraph above.
Buy-Out Rights. In the event of the occurrence of any of the events described in Section 8.1, G-P shall have the option to either (a) cause the dissolution and wind up the Company pursuant to this Article VIII; or (b) cause a Subsidiary of G-P to purchase the Units held by the WISCO Member at a purchase price calculated by multiplying the Formula Price times the WISCO Member's Percentage Interest, in which case the Company shall not be dissolved; or (c) to the extent legally permissible, take no action and continue the existence of the Company. Such option shall be exercised, and notice of such exercise provided to the WISCO Member, within 120 days after the occurrence of any of such events described in Section 8.1.
Buy-Out Rights. At anytime during the Term, NeurogesX shall have the right to terminate this Agreement upon thirty (30) days prior written notice to CHRP referencing this Section 7.02(c) and delivery to CHRP an amount equal to:
Buy-Out Rights. (a) For a period of 180 days following the effective date of a Change in Control of HSB, ERC shall have the right to purchase HSB's Member Interest in the Company at a price equal to X times Y (the "Buy-Out Price") where: X = the total Pre-Tax Earnings (as defined herein) earned by HSB for the four calendar quarters immediately preceding the calendar quarter within which the Announcement Date occurs; and Y = closing price of HSB Group, Inc. common stock on the day preceding the Announcement Date divided by the aggregate net income per share for the previous four quarters; provided that in no event shall Y be less than 10 or more than 15. "Pre-Tax Earnings" for the purpose of computing the Buy-Out Price shall be the sum of :
Buy-Out Rights. 24. In the event either of the Parties decides to liquidate its assets, including its ownership in the Technology; or if a Party is dissolved other than in a reorganization; then the other Party shall have the first right of refusal to purchase that Party’s ownership interest in the Technology as set forth below.
Buy-Out Rights. The Facility Agent and the Senior Lenders severally hereby agree with the Junior Lenders that:
Buy-Out Rights. If the Management Board authorizes the Company to take any of the following actions or enter into a binding commitment to take any of the following actions, a dissenting Member may require the Company to purchase its interest as provided in this Section 6.4 as a condition of taking such action. The actions giving rise to such right are:
Buy-Out Rights. Section 8.1 Buy-Out Rights. The following shall be "Buy-Out Events" with respect to the Joint Venture:
Buy-Out Rights. The ownership interests of the Parties and their permitted successors and assigns in the Company are subject to the buy-out rights provided for in Article 8 of the Joint Venture Agreement.
