Common use of Completion of Sale of Parent Common Stock Clause in Contracts

Completion of Sale of Parent Common Stock. (a) If there is to be a sale and purchase of Parent Common Stock pursuant to the exercise of the Second Put Option under Section 3.3, the completion of the sale and purchase shall take place on the Second Put Exercisability Date (or, if such date is not a Business Day, on the next Business Day) at 10:00 a.m. New York time (or at such other time to be mutually agreed upon by the parties hereto) at such place to be mutually agreed upon by the parties hereto.

Appears in 2 contracts

Samples: Put Option Agreement (Appliedtheory Corp), Put Option Agreement (Appliedtheory Corp)

AutoNDA by SimpleDocs

Completion of Sale of Parent Common Stock. (a) If there is to be a sale and purchase of Parent Common Stock pursuant to the exercise of the Second First Put Option under Section 3.32.3, the completion of the sale and purchase shall take place on the Second First Put Exercisability Date (or, if such date is not a Business Day, on the next Business Day) at 10:00 a.m. New York time (or at such other time to be mutually agreed upon by the parties hereto) at such place to be mutually agreed upon by the parties hereto.

Appears in 2 contracts

Samples: Put Option Agreement (Appliedtheory Corp), Put Option Agreement (Appliedtheory Corp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!