Buyback Option Sample Clauses

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.
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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. 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. 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. (a) Shareholders, at the sole discretion of Xxxxx Xxxxx as representative of Shareholders, shall have the right to purchase 100% of the stock of the Companies by rescinding 75% of the ClearWorks common stock issued in this Agreement, up to twelve months from the Closing Date (the "Rescission Period") for the following reasons: (1) If the closing bid price of ClearWorks' common stock, as last reported on the principal national securities exchange or NASDAQ stock market, including the OTC Electronic Bulletin Board, on which the common stock is listed or admitted to trade, is less than or equal to $1.50 per share for (i) any 45 consecutive days commencing the date herewith, (ii) any ten consecutive days commencing November 1, 2000, or (iii) any five consecutive days commencing December 1, 2000; or (2) If ClearWorks does not provide Companies, collectively, sufficient working capital to maintain a positive working capital ratio of not less than 1.2 to 1.0 (the "Working Capital Ratio"), commencing as of March 1, 2000 until December 31, 2000. (b) During the Rescission Period, United Computing Group and United Consulting Group will remain as separate legal entities as wholly owned subsidiaries of ClearWorks Integration. (c) Working Capital Ratio will be determined monthly by the Companies as follows. On or prior to the tenth day following the end of each month during the Rescission Period, the President of the Companies shall deliver to ClearWorks a letter setting forth the Working Capital Ratio for such month based on the account of the Companies. Upon notice that the Working Capital Ratio is less than 1.2 to 1.0, ClearWorks may dispute the calculation of the Working Capital Ratio as follows. If ClearWorks disputes the calculation of the Working Capital Ratio, within five days from the original notice that the Working Capital Ratio is deficient, ClearWorks shall instruct its independent outside auditing firm to determine the Working Capital Ratio, such determination to be made within five days of ClearWorks notice of dispute. Upon determination of the Working Capital Ratio from ClearWorks' independent auditing firm, Xxxxx Xxxxx may, within five days, dispute such determination. If such determination is disputed, ClearWorks shall instruct the accounting firm of Xxxxxx Xxxxxxxx to determine the Working Capital Ratio, such determination to be made within ten days of appointment of such independent accounting firm and such determination to be final, conclusive, and ...
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
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Buyback Option. 1. The ASSIGNOR benefits from a buyback option with respect to the Trademarks which are the subject of this contract (hereafter referred to as the “Option”), which the ASSIGNOR accepts, under the conditions stipulated hereafter. The Option also includes all the trademarks that the ASSIGNEE will be depositing and/or registering prior to the exercise of the Option and which will be associated with one or several Trademarks for the distribution and marketing of the Products (hereafter referred to as “Future Trademarks”). The ASSIGNEE agrees to provide, once a year, upon request of the ASSIGNOR, a statement of deposit and registration of Future Trademarks. In the case of Future Trademarks that have been deposited but not yet registered on July 1, 2025, the ASSIGNEE agrees to make its best effort to allow the registration of the assignment for the benefit and at the cost of the ASSIGNOR, once the Option has been exercised and the deposits carried out. 2. The Option may be exercised by the ASSIGNOR effective July 1, 2025. The ASSIGNOR must inform the ASSIGNEE of its decision to exercise the Option by notifying the ASSIGNEE by registered mail with acknowledgment of receipt sent to the ASSIGNEE's head office to the attention of its legal representative, on December 31, 2024, at the latest. Once the Option is served, the parties will take the necessary measures and sign the appropriate assignment document so that the assignment of the Trademarks and Future Trademarks takes effect on July 1, 2025, in application of the exercise of the Option. 3. Depending on the ASSIGNEE’S preference, the price for exercising the Option will be equal to one of the following amounts: · Seventy Million (70,000,000) euros · The average of the amounts of the Net Global Sales (as defined hereafter) realized in the calendar year ending on December 31, 2023, and in the calendar year ending on December 31, 2024. The expression “Net Global Sales” refers to the consolidated global sales from the sale of Products sold under one or more Trademarks and/or Future Trademarks, as it is calculated based on Xxxxxx xxxxxxx accounting principles applied in a consistent manner by the ASSIGNEE (and in accordance with to the IFRS standard when applicable), with a deduction from POS, provided that it applies to the amount of sales before taxes invoiced by the ASSIGNEE to all its “retailers” (all points of sale or sales areas authorized to sell products bearing the “Xxxxxx Xxxxxx” trademark to the final con...
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 Xxxx Shares, Xxxx 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 Xxxx Share.
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