Common use of Compulsory Purchase by Corporation Clause in Contracts

Compulsory Purchase by Corporation. If a Shareholder becomes an Inactive Shareholder pursuant to this Article 14.1, the Inactive Shareholder or his Representative shall have the right, upon notice to the Corporation (the “Compulsory Purchase Notice”) within thirty days following the expiry of the Exercise Period (the “Compulsory Purchase Period”), to require the Corporation or the Inactive Shareholder, either personally or through a holding company, to purchase the Purchased Shares.

Compulsory Purchase by Corporation. If a Shareholder becomes an Inactive Shareholder pursuant to this Article 14.1Section 8. 1(a)(i) or 8. 1(a)(ii), and the Remaining Shareholders do not exercise the Purchase Option or require the Corporation to purchase the Purchased Shares pursuant to Section 8.2, the Inactive Shareholder or his its Representative shall have the right, upon notice to the Corporation (the “Compulsory Purchase Notice”) within thirty 30 days following the expiry of the Exercise Option Period (the “Compulsory Purchase Period”), to require the Corporation or the Inactive Shareholder, either personally or through a holding company, to purchase the Purchased Shares.