Buyback Option. Landlord and CNL TRS, are parties to that certain “Buyback Option Agreement” pursuant to which Landlord and CNL TRS have granted to Boyne USA, Inc. the option to buy back or cause the Tenant to buy back from Landlord the Improvements and all of the rights and obligations under and pursuant to the Cypress Permit and all of the related Personal Property from CNL TRS, together with other assets purchased pursuant to the Asset Purchase Agreement subject to and on the terms and conditions set forth in the Buyback Option Agreement.
Buyback Option. USEC may purchase from TVA and TVA shall sell UF6 from the TVA UF6 Material as needed by USEC for its operations. The price for UF6 shall be the then-current market price for UF6, as determined under section 3.3, and the Outstanding Deferred Payment shall be reduced accordingly. Upon such sale, title to such UF6 shall pass to USEC.
Buyback Option. At the written election of the Investor, on one or more occasions at any time prior to March 15, 2013, the Company will issue a number of shares up to the number of Repurchased Shares upon payment to the Company of an amount equal to the Repurchase Price (the “Buy-back Transaction”). In such event, the Company and the Investor will work in good faith to complete the Buy-back Transaction as soon as practicable following the delivery of the election (subject to the Investor executing such documents as are reasonably requested by the Company).
Buyback Option. As long as a Railways Default has not occurred, Railways has the option to purchase the Solar Rooftop Power System by paying the SPD the Buyback Price as per Schedule M to this Agreement Railways may exercise this option anytime during the Agreement period based on the prevalent conditions. To exercise its purchase option, Railways will, not less than Ninety (90) days prior to the proposed Purchase Date, provide written notice to the Solar Company of Railways’ intent to exercise its option to purchase the System on such Purchase Date. In the event Railways confirms its intention to exercise the purchase option in writing to the SPD,
i. Railways will pay the applicable Buyback Price to the SPD on the Purchase Date, such payment to be made in accordance with any written instructions delivered to Railways by the SPD for payments under the Agreement, and
ii. the Parties will promptly execute all documents necessary to
a) cause title to the System to pass to Railways on the Purchase Date, free and clear of all liens, and
b) assign all vendor warranties for the System to Railways. Upon execution of the documents and payment of the applicable Buyback Price, in each case as described in the preceding sentence, the Agreement will terminate automatically and Railways will become the owner of the System.
Buyback Option. For a period of three years following the date hereof, the Owner will have the right to purchase (the “Buyback Option”) from the Holder a third of the Royalty (i.e. a 1.0% net smelter royalty) for the Buyback Consideration by delivering a written notice to that effect to the Holder. The Owner shall pay to the Holder all amounts payable in connection with the exercise by the Owner of the Buyback Option within 5 days from the date on which the Buyback Option is to be exercised (the “Buyback Date”) as set forth in the notice to be delivered pursuant to this Section. Upon the receipt of such amounts, the Holder shall execute such documents and do all such things as may be necessary to evidence the release of its rights with respect to the portion of the Royalty purchased by the Owner pursuant to the exercise of the Buyback Option.
Buyback Option. In consideration for the grant of the Klaus Shares, Klaus acknowledges and agrees that the Company and/or its designee shall have the irrevocable option, exercisable at any time and from time to time until the Lockup Expiration Date (as defined in Section 6(a)), to redeem the Xxxx Shares at a purchase price of $0.21 per Klaus Share.
Buyback Option. 8.1 As further consideration for the sale of the Sale Land to the Builder, the Builder shall grant to the City the Buy Back Option in the form attached hereto as Schedule “B” (the “Buy Back Option”). The Builder shall deliver three (3) duly executed copies of the Buy Back Option to the City concurrently with executed copies of this Agreement.
8.2 The City shall be permitted to register the Buy Back Option on title to the Sale Land prior to the Closing Date and the Buy Back Option shall become a Permitted Encumbrance.
Buyback Option. (1) Infomatec Media AG has acquired a share in blaxxun interactive, with registered office in San Francisco (USA), through a separate agreement (Stock Purchase Agreement dated February 25, 2000).
(2) It is hereby agreed by and between blaxxun interactive, Inc. and Infomatec Media AG that blaxxun interactive, Inc. shall be entitled to buy back its shares from Infomatec Media AG under the following conditions: - If Infomatec Media AG does not accept licenses valued at $ 0.5 million by July 31, 2000 in accordance with No. 3 paragraph 4 of this Agreement, then blaxxun interactive, Inc. shall have the right to buy back 10% of the shares at a price of $ 11.80 per share. This right shall expire at the end of the day on August 30, 2000. - If Infomatec Media AG does not accept additional licenses valued at $ 1.5 million by July 31, 2001 in accordance with No. 3 paragraph 4 of this Agreement, then blaxxun interactive, Inc. shall have the right to buy back 30% of the shares at a price of $ 11.80 per share. This right shall expire at the end of the day on August 30, 2001. - If Infomatec Media AG does not accept additional licenses valued at $ 3 million by July 31, 2002 in accordance with No. 3 paragraph 4 of this Agreement, then blaxxun interactive, Inc. shall have the right to buy back 60% of the shares at a price of $ 11.80 per share. This right shall expire at the end of the day on August 30, 2002. The amount which blaxxun interactive, Inc. must pay to Infomatec Media AG in the event of exercise of a buyback right shall be increased by an amount of 5% per year starting on February 25, 2000, as well as by the costs demonstrated by Infomatec Media AG for acquisition of the shares in blaxxun interactive, Inc.
Buyback Option. As long as a Railways Default has not occurred, Railways has the option to purchase the Solar Rooftop Power System by paying the SPD the Buyback Price as per Schedule M to this Agreement Railways may exercise this option anytime during the Agreement period based on the prevalent conditions. To exercise its purchase option, Railways will, not less than Ninety (90) days prior to the proposed Purchase Date, provide written notice to the Solar Company of Railways’ intent to exercise its option to purchase the System on such Purchase Date. In the event Railways confirms its intention to exercise the purchase option in writing to the SPD,
i. Railways will pay the applicable Buyback Price to the SPD on the Purchase Date, such payment to be made in accordance with any written instructions delivered to Railways by the SPD for payments under the Agreement, and
Buyback Option. ECPT hereby grants DS the right (but not the obligation) to, directly or indirectly, buy the DS Labs Shares and the DS Trademarks, free of any lien or encumbrance, subject to the following conditions, as anticipated by the Parties (“Buyback Option”):
