Corporation's Option to Purchase Sample Clauses

Corporation's Option to Purchase. (a) Except as set forth in Section 7(a), the Corporation shall have the first option to purchase all or any part of the Offered Shares for the consideration per Share and on the terms and conditions specified in the Notice. The Corporation must exercise such option, no later than fifteen (15) business days after such Notice is deemed to have been delivered to it, by written notice to the Selling Founder. (b) In the event the Corporation does not exercise its option within such fifteen-business-day period with respect to all of the Offered Shares, the Chief Financial Officer of the Corporation shall, by the last day of such period, give written notice of that fact to the Investors (the "Investor Notice"). The Investor Notice shall specify the number of Offered Shares the Corporation has elected not to purchase (the "Remaining Shares"). (c) In the event the Corporation duly exercises its option to purchase all or a portion of the Offered Shares, the closing of such purchase shall take place at the offices of the Corporation on the later of (i) the date five business days after the expiration of such fifteen-business-day period or (ii) the date that the Investors consummate their purchase of Offered Shares under Section 5(c) hereof. (d) To the extent that the consideration proposed to be paid by the Proposed Transferee for the Offered Shares consists of property other than cash or a promissory note, the consideration required to be paid by the Corporation and/or the Investors exercising their options under Sections 4 and 5 hereof, respectively, may consist of cash equal to the value of such property, as determined in good faith by agreement of the Selling Founder and the Corporation and/or the Investors acquiring such Offered Shares.
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Corporation's Option to Purchase. (i) Subject to subparagraph (d)(ii), the Corporation shall have 15 days after a Notice is deemed, under Section 12 of this Agreement, to
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Corporation's Option to Purchase. In the event that a Shareholder shall make an offer to sell Shares as defined in this agreement, the Corporation shall have an option to purchase all or any of the Shares being offered upon the terms and conditions hereinafter set forth. The term of the Corporation's option shall be for fifteen (15) days from the effective date of the offer, and the acceptance of such offer by the Corporation shall be in writing. The Corporation's right to purchase shall be subject to any restrictions governing the right of a corporation to purchase its own stock under Colorado law or such other pertinent governmental restrictions which are now or may hereafter become effective.
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Related to Corporation's Option to Purchase

  • Agreement to Purchase The Seller agrees to sell, and the Purchaser agrees to purchase, on a servicing released basis (but subject to the Seller's proposed sale of servicing as provided in Section 2 and the Seller acting as a sub-servicer of the Master Servicer pursuant to a sub-servicing agreement between the Seller and the Master Servicer), the Mortgage Loans identified on the schedule (the "Mortgage Loan Schedule") annexed hereto as Exhibit 1, as such schedule may be amended to reflect the actual Mortgage Loans accepted by the Purchaser pursuant to the terms hereof. The Cut-Off Date with respect to each Mortgage Loan is such Mortgage Loan's Due Date in the month of August 2004. The Mortgage Loans and the Other Mortgage Loans will have an aggregate principal balance as of the close of business on the Cut-Off Date, after giving effect to any payments due on or before such date, whether or not received, of $65,893,090. The sale of the Mortgage Loans shall take place on August 24, 2004 or such other date as shall be mutually acceptable to the parties hereto (the "Closing Date"). The purchase price to be paid by the Purchaser for the Mortgage Loans shall equal the amount set forth as such purchase price on Exhibit 3 hereto. The purchase price shall be paid to the Seller by wire transfer in immediately available funds on the Closing Date. On the Closing Date, the Purchaser will assign to the Trustee pursuant to the Pooling and Servicing Agreement all of its right, title and interest in and to the Mortgage Loans and its rights under this Agreement (to the extent set forth in Section 14), and the Trustee shall succeed to such right, title and interest in and to the Mortgage Loans and the Purchaser's rights under this Agreement (to the extent set forth in Section 14).

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