Common use of Closing of the Repurchase Clause in Contracts

Closing of the Repurchase. Within 10 business days after the Repurchase Price for the Executive Securities to be repurchased has been determined, the LLC shall send a notice to each holder of Executive Securities setting forth the consideration to be paid for such securities and the time and place for the closing of the transaction, which date shall not be more than 30 days nor less than five days after the delivery of such notice. At such closing, the holders of Executive Securities shall deliver all certificates (if any exist) evidencing the Executive Securities to be repurchased to the LLC (and/or any assignees of the LLC's repurchase right), and the LLC (and/or any assignees) shall pay for the Executive Securities to be purchased pursuant to the Repurchase Option by delivery of a check or wire transfer of immediately available funds in the aggregate amount of the Repurchase Price for such securities; provided that in the event the Board determines in its good faith discretion that the LLC is not in a position to pay in cash any or all of the Repurchase Price for Executive Securities to be repurchased by it:

Appears in 6 contracts

Samples: Executive Purchase Agreement (Choice One Communications Inc), Executive Purchase Agreement (Choice One Communications Inc), Executive Purchase Agreement (Choice One Communications Inc)

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Closing of the Repurchase. Within 10 business days after the Repurchase Price for the Executive Securities Stock to be repurchased has been determined, the LLC shall send a notice to each holder of Executive Securities Stock setting forth the consideration to be paid for such securities shares and the time and place for the closing of the transaction, which date shall not be more than 30 days nor less than five days after the delivery of such notice. At such closing, the holders of Executive Securities shall deliver all certificates (if any exist) evidencing the Executive Securities to be repurchased to the LLC (and/or any assignees of the LLC's repurchase right), and the LLC (and/or any assignees) shall pay for the Executive Securities to be purchased pursuant to the Repurchase Option by delivery of a check or wire transfer of immediately available funds in the aggregate amount of the Repurchase Price for such securities; provided that in the event the Board determines in its good faith discretion that the LLC is not in a position to pay in cash any or all of the Repurchase Price for Executive Securities to be repurchased by it:

Appears in 1 contract

Samples: Executive Purchase Agreement (Allegiance Telecom Inc)

Closing of the Repurchase. Within 10 business days after the Repurchase Price for the Executive Securities to be repurchased has been determined, the LLC shall send a notice to each holder of Executive Securities setting forth the consideration to be paid for such securities shares and the time and place for the closing of the transaction, which date shall not be more than 30 days nor less than five days after the delivery of such notice. At such closing, the holders of Executive Securities shall deliver all certificates (if any exist) evidencing the Executive Securities to be repurchased to the LLC (and/or any assignees of the LLC's repurchase right), and the LLC (and/or any assignees) shall pay for the Executive Securities to be purchased pursuant to the Repurchase Option by delivery of a check or wire transfer of immediately available funds in the aggregate amount of the Repurchase Price for such securities; provided that in the event the Board determines in its good faith discretion that the LLC is not in a position to pay in cash any or all of the Repurchase Price for Executive Securities to be repurchased by it:

Appears in 1 contract

Samples: Executive Purchase Agreement (Allegiance Telecom Inc)

Closing of the Repurchase. Within 10 business days after the Repurchase Price for the Executive Securities to be repurchased purchased has been determined, the LLC shall send a notice to each holder of Executive Securities setting forth the consideration to be paid for such securities shares and the time and place for the closing of the transaction, which date shall not be more than 30 days nor less than five days after the delivery of such notice. At such closing, the holders of Executive Securities shall deliver all certificates (if any exist) evidencing the Executive Securities to be repurchased to the LLC (and/or any assignees of the LLC's repurchase right), and the LLC (and/or any assignees) shall pay for the Executive Securities to be purchased pursuant to the Repurchase Option by delivery of a check or wire transfer of immediately available funds in the aggregate amount of the Repurchase Price for such securities; provided that in the event the Board determines in its good faith discretion that the LLC is not in a position to pay in cash any or all of the Repurchase Price for Executive Securities to be repurchased by it:

Appears in 1 contract

Samples: Executive Purchase Agreement (Allegiance Telecom Inc)

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Closing of the Repurchase. Within 10 business days after the Repurchase Price for the Executive Securities to be repurchased has been determined, the LLC shall send a notice to each holder of Executive Securities setting forth the consideration to be paid for such securities shares and the time and place for the closing of the transaction, which date shall not be more than 30 days nor less than five days after the delivery of such notice. At such closing, the holders of Executive Securities shall deliver all certificates (if any exist) evidencing the Executive Securities to be repurchased to the LLC (and/or any assignees of the LLC's repurchase right), and the LLC (and/or any assignees) shall pay for the Executive Securities to be purchased pursuant to the Repurchase Option by delivery of a check or wire transfer of immediately available funds in the aggregate amount of the Repurchase Price for such securities; provided that in the event the Board determines in its good faith discretion that the LLC is not in a position to pay in cash any or all of the Repurchase Price for Executive Securities to be repurchased by it:determines

Appears in 1 contract

Samples: Executive Purchase Agreement (Allegiance Telecom Inc)

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