Common use of Company's Option Clause in Contracts

Company's Option. The Notice of Sale will constitute an irrevocable offer by the Shareholder to sell to the Company all or any portion of the Offered Shares, on the same per share terms and conditions stated in the Notice of Sale. The Company may elect to accept such offer in whole or in part only by delivering to the Selling Shareholder written notice of its irrevocable election to accept such offer within 30 days after delivery of the Notice of Sale (the "Purchase Notice").

Appears in 6 contracts

Samples: Shareholder Agreement Option Shares (Alon USA Energy, Inc.), Shareholder Agreement (Alon USA Energy, Inc.), Shareholder Agreement Option Shares (Alon USA Energy, Inc.)

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