Common use of Contest and Appraisal Rights Clause in Contracts

Contest and Appraisal Rights. (a) If the holders of Warrants entitling such holders to purchase a majority of the Common Stock subject to purchase upon exercise of Warrants at the time outstanding and fully vested (exclusive of Warrants then owned by the Company or any Subsidiary (as defined in the Credit Agreement) or Affiliate (as defined in the Credit Agreement) thereof) (the "Required Interest") disagree with the Company Determination and by notice to the Company given within 30 days after receipt of notice of the Company Determination (an "Appraisal Notice") elect to dispute the Company Determination, such dispute shall be resolved as set forth in subsection (b) of this Section.

Appears in 2 contracts

Samples: Agreement (Jumbosports Inc), Medaphis Corp

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Contest and Appraisal Rights. (a) If the holders of Warrants entitling such holders to purchase a majority of the Non-Voting Common Stock subject to purchase upon exercise of Warrants at the time outstanding and fully vested (exclusive of Warrants then owned by the Company or any Subsidiary (as defined in the Credit Agreement) or Affiliate (as defined in the Credit Agreement) thereof) thereof (the "Required Interest") shall disagree with the Company Determination and shall by notice to the Company given within 30 days after receipt of the Company's notice of the Company Determination (an "Appraisal Notice") elect to dispute the Company Determination, such dispute shall be resolved as set forth in subsection (b) of this Section.

Appears in 1 contract

Samples: Warrant And (Security Capital Corp/De/)

Contest and Appraisal Rights. (a) If the holders of Warrants entitling such holders to purchase a majority of the Common Stock subject to purchase upon exercise of Warrants at the time outstanding and fully vested (exclusive of Warrants then owned by the Company Holdings or any Subsidiary (as defined in the Credit Agreement) or Affiliate (as defined in the Credit Agreement) thereof) thereof (the "Required Interest") shall disagree with the Company Holdings Determination and shall by notice to the Company Holdings given within 30 days after receipt of Holdings' notice of the Company Holdings Determination (an "Appraisal Notice") elect to dispute the Company Holdings Determination, such dispute shall be resolved as set forth in subsection (b) of this Section.

Appears in 1 contract

Samples: Warrantholders Rights Agreement (Lets Talk Cellular & Wireless Inc)

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Contest and Appraisal Rights. (a) If the holders of Warrants ---------------------------- entitling such holders to purchase a majority of the Class C Common Stock subject to purchase upon exercise of Warrants at the time outstanding and fully vested (exclusive of Warrants then owned by the Company or any Subsidiary (as defined in the Credit Agreement) or Affiliate (as defined in the Credit Agreement) thereof) thereof (the "Required Interest") disagree with the Company Determination and by notice to the Company given within 30 days after receipt of notice of the Company Determination (an "Appraisal Notice") elect elects to dispute the Company Determination, such dispute shall be resolved as set forth in subsection (b) of this Section.

Appears in 1 contract

Samples: Medichem Life Sciences Inc

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