Election of Rights. Within ten (10) days following the release of any Deposit Materials, Popular shall send to EVERTEC written notice specifying (a) the Deposit Materials with respect to which it elects to exercise the Rights, which may be all or any part of the Deposit Materials released pursuant to Section 3.2 (the “Specified Materials”), and (b) the applicable term or terms of the license for which Popular elects to exercise the Rights with respect such Deposit Materials, which term(s) may be perpetual, term-limited or renewable, in each case, as specified by Popular (the “Specified Term”). In each case, the rights of Popular and its Affiliates that are specified pursuant to this Section 4.3 are referred to herein as the “Elected License”.
Election of Rights. In the event more than one Transaction Document confers rights or benefits on the Purchaser or obligations on the Company or any Subsidiary and such rights or benefits are not identical, the Purchaser shall be permitted, for itself, to elect which Transaction Document or part thereof shall be applicable with respect to each such right, benefit and obligation.
Election of Rights. 3 1.8 Remedy. . . . . . . . . . . . . . . . . . . . . . . 3
Election of Rights. To the extent that any holder of Purchaser Shares has rights under this Section 1 and under Section 3, such holder shall elect which rights it desires to exercise hereunder.
Election of Rights. Any Warrantholder of Warrant Shares entitled to any pre-emptive right pursuant to the provisions of Section 10.1 above must signify his election to exercise such right in writing within fifteen (15) days after the date notice is given to such Warrantholder by the Company with respect to the proposed issue of such Shares or options, warrants or other rights to any Shares. In the event that any Warrantholder fails to exercise timely his pre-emptive right to purchase his pro rata share of such Shares or options, warrants or other rights to any Shares so offered by the Company, the pre-emptive right of such Warrantholder shall terminate with respect to that particular issue of such Shares or options, warrants or other rights to any Shares. In such event, for a period of ninety (90) days after the date of termination of such pre-emptive rights, the Company may offer for sale and sell the unpurchased remainder of such Shares or options, warrants or other rights to any Shares generally to any other person, at a price and upon terms not more favorable than the price and terms at which such Shares or options, warrants or other rights to any Shares were offered to the Warrantholders pursuant to the provisions of this paragraph. In the event that the Company fails to consummate the sale of such Shares or options, warrants or other rights to any Shares within such ninety-day period, either in whole or in part, the Company may not offer for sale or sell the unpurchased remainder of such Shares or options, warrants or other rights to any Shares without again complying with the provisions of this Section.
Election of Rights. Notwithstanding anything to the contrary contained in this Sublease, during the term of this Sublease, Sublessor shall not exercise any rights to amend, modify or terminate the Master Lease without the prior written consent of Sublessee, including those rights set forth in Section 18 of the Master Lease. Notwithstanding the foregoing, the consent of Sublessee shall not be required with respect to any rights granted pursuant to Paragraph 2 of Exhibit F to the Master Lease and Sublessee shall not have the right to require Sublessor to exercise any renewal rights under Paragraph 2 of Exhibit F to the Master Lease.
Election of Rights. Within ten (10) days following the release of any Deposit Materials, Popular shall send to EVERTEC written notice specifying (a) the Deposit Materials with respect to which it elects to exercise the Rights, which may be all or any part of the Deposit Materials released pursuant to Section 3.2 (the “Specified Materials”), and (b) the applicable term or terms of the license for which Popular elects to exercise the Rights with respect to such Deposit Materials, which term(s) may be perpetual, term-limited or renewable, in each case, as specified by Popular (the “Specified Term”). In each case, the rights of Popular and its Affiliates that are specified pursuant to this Section 4.3 are referred to herein as the “Elected License”. Section 4.4 End of the Specified Term. Within ninety (90) days following the expiration of the Specified Term under any Elected License, an officer of Popular shall certify in writing that, to the extent permitted by Law, all the Specified Materials (excluding any data or other information contained therein that is owned by Popular, its Affiliates or any of their respective customers) licensed under such Elected License, together with any Future Developments based upon such Specified Materials, have been permanently deleted or destroyed (or otherwise disposed of pursuant to EVERTEC’s reasonable instructions) and that no copies of any of the foregoing remain in Popular’s possession or control, directly or indirectly, subject only to the requirements of any applicable Law or Government Entity. Furthermore, Popular will transfer in writing all Rights under the applicable Elected License back to EVERTEC, as a result of which Popular, pursuant to Section 4.2, will be prohibited from exercising such Rights. If Popular does not comply with the requirements set forth in this Section 4.4, Popular hereby consents to EVERTEC being granted equitable relief, such as specific performance to compel Popular to comply with those requirements. Section 4.1
