Common use of Closing of the Repurchase Clause in Contracts

Closing of the Repurchase. At the closing of the repurchase, the holders of Option Shares shall deliver all certificates evidencing the Option Shares to be repurchased (accompanied by duly executed stock powers) to the Company (and/or any assignees of the Company’s Repurchase Right), and the Company (and/or any assignees) shall pay for the Option Shares to be purchased pursuant to the Repurchase Right by delivery of a check or wire transfer of immediately available funds in the aggregate amount of the Repurchase Price for such Option Shares; provided that the Company may pay the Repurchase Price for such Option Shares by offsetting amounts outstanding under any indebtedness or obligations owed by the Participant to the Company. The holders of Option Shares to be repurchased shall, at the Company’s request, provide customary representations and warranties with respect to such holder’s good title to the Option Shares, free and clear of any liens or encumbrances.

Closing of the Repurchase. At the closing of the repurchaserepurchase hereunder, the holders of Option Shares shall deliver all certificates evidencing the Option Shares to be repurchased (accompanied by duly executed stock powers) to the Company (and/or any assignees of the Company’s Repurchase Rightrepurchase right), and the Company (and/or any assignees) shall pay for the Option Shares to be purchased pursuant to the Repurchase Right by delivery of a check or wire transfer of immediately available funds in the aggregate amount of the Repurchase Price for such Option Shares; provided that the Company may pay the Repurchase Price for such Option Shares by offsetting amounts outstanding under any indebtedness or obligations owed by the Participant to the Company. The holders purchasers of Option Shares hereunder shall be entitled to be repurchased shall, at the Company’s request, provide receive customary representations and warranties with respect to such holder’s from the sellers regarding good title to the Option Sharessuch shares, free and clear of any liens or encumbrances.