Election to Purchase Sample Clauses
The Election to Purchase clause grants one party the right to buy certain property, assets, or interests under specified conditions. Typically, this clause outlines the process for exercising the purchase right, such as providing written notice within a set timeframe and detailing how the purchase price will be determined. Its core function is to provide a clear mechanism for a party to acquire ownership, often used to facilitate buyouts or transfers in joint ventures, partnerships, or lease agreements, thereby reducing uncertainty and potential disputes over future ownership changes.
Election to Purchase. (To Be Executed Upon Exercise of Warrant)
Election to Purchase. Provided that (i) this Lease has not otherwise expired or terminated, (ii) either no Event of Default shall have occurred and be continuing at the time of the notice provided below or, if an Event of Default occurs after such notice has been given, the Lessee shall have provided evidence reasonably satisfactory to the Lessor and the Owner Participant of its financial ability to purchase the Aircraft and (iii) the Lessee shall have previously given the Preliminary Notice under Section 4.01(a) hereof (in the case of paragraph (B) below or, if a further Renewal Term is available, paragraph (C) below) or the applicable notice for each other paragraph below, as the case may be, the Lessee may:
(A) by written notice delivered to the Lessor, the Indenture Trustee and the Owner Participant, not more than 360 nor less than 90 days prior to the applicable Rent Payment Date, elect to terminate the Lease and purchase the Aircraft on the Rent Payment Date falling on either July 15, 2016 or July 15, 2019, for, at the Lessee's option, either (1) an amount in immediately available funds equal to the greater of the Fair Market Value or the Termination Value on such date or (2)(i) the assumption by the Lessee, pursuant to Section 7.11 of the Participation Agreement, of all of the obligations of the Lessor under the Indenture, the Certificates and Section 7.04 of the Participation Agreement and (ii) the payment to the Lessor of an amount equal to the excess of (A) the greater of the Fair Market Value or the Termination Value on such date over (B) the unpaid principal of the Certificates plus accrued interest as of such date. Such notice (which shall be revocable by the Lessee upon at least 30 days' written notice prior to the applicable Rent Payment Date) shall either direct the Lessor to prepay the Certificates in full on such Termination Date pursuant to Section 6.02 of the Indenture or state that the Lessee shall exercise its option to assume the Certificates pursuant to Section 7.11 of the Participation Agreement; or
(B) by irrevocable written notice delivered to the Lessor and the Owner Participant not more than 360 nor less than 30 days prior to the end of the Basic Term, elect to purchase the Aircraft on the last day of the Basic Term for an amount equal to the Fair Market Value thereof on such date; or
(C) by irrevocable written notice delivered to the Lessor and the Owner Participant not more than 360 days nor less than 180 days (30 days if a Preliminary Notice shal...
Election to Purchase. By notification to the Company within twenty (20) days after the Offer Notice is given, each Investor may elect to purchase or otherwise acquire, at the price and on the terms specified in the Offer Notice, up to that portion of such New Securities which equals the proportion that the Common Stock then held by such Investor (including all shares of Common Stock then outstanding or issuable (directly or indirectly) upon conversion and/or exercise, as applicable, of the Preferred Stock and any other Derivative Securities then held by such Investor) bears to the total Common Stock of the Company then outstanding, or issuable (directly or indirectly) upon conversion and/or exercise, as applicable, of the Preferred Stock and any other Derivative Securities then outstanding. At the expiration of such twenty (20) day period, the Company shall promptly notify each Investor that elects to purchase or acquire all the shares available to it (each, a “Fully Exercising Investor”) of any other Investor’s failure to do likewise. During the ten (10) day period commencing after the Company has given such notice, each Fully Exercising Investor may, by giving notice to the Company, elect to purchase or acquire, in addition to the number of shares specified above, up to that portion of the New Securities for which Investors were entitled to subscribe but that were not subscribed for by the Investors which is equal to the proportion that the Common Stock issued and held, or issuable (directly or indirectly) upon conversion and/or exercise, as applicable, of Preferred Stock and any other Derivative Securities then held, by such Fully Exercising Investor bears to the Common Stock issued and held, or issuable (directly or indirectly) upon conversion and/or exercise, as applicable, of the Preferred Stock and any other Derivative Securities then held, by all Fully Exercising Investors who wish to purchase such unsubscribed shares. The closing of any sale pursuant to this Section 4 shall occur within the later of ninety (90) days after the date that the Offer Notice is given and the date of initial sale of New Securities pursuant to this Section 4.
Election to Purchase. (To Be Executed Upon Exercise of Warrant) The undersigned hereby irrevocably elects to exercise the right, represented by this Warrant Certificate, to receive shares of Common Stock and herewith tenders payment for such shares of Common Stock to the order of Qomolangma Acquisition Corp. (the “Company”) in the amount of $ in accordance with the terms hereof. The undersigned requests that a certificate for such shares of Common Stock be registered in the name of , whose address is and that such shares of Common Stock be delivered to whose address is . If said number of shares of Common Stock is less than all of the shares of Common Stock purchasable hereunder, the undersigned requests that a new Warrant Certificate representing the remaining balance of such shares of Common Stock be registered in the name of , whose address is and that such Warrant Certificate be delivered to , whose address is .
Election to Purchase. (To be executed if holder desires to exercise the Rights Certificate) To: ___________________________ The undersigned hereby irrevocably elects to exercise_________________________ Rights represented by this Rights Certificate to purchase the number of one-thousandths of a Preferred Share issuable upon the exercise of such Rights and requests that certificates for such number of one-thousandths of a Preferred Share be issued in the name of: Please insert social security or other identifying number ------------------------------------------------------------------------------ (Please print name and address) ------------------------------------------------------------------------------ If such number of Rights shall not be all the Rights evidenced by this Rights Certificate, a new Rights Certificate for the balance remaining of such Rights shall be registered in the name of and delivered to: Please insert social security or other identifying number ------------------------------------------------------------------------------ (Please print name and address) ------------------------------------------------------------------------------ CERTIFICATE The undersigned hereby certifies by checking the appropriate boxes that:
(1) the Rights evidenced by this Rights Certificate [ ] are [ ] are not being exercised by or on behalf of a Person who is or was an Acquiring Person or an Affiliate or Associate of any such Person (as such terms are defined in the Rights Agreement); and
(2) after due inquiry and to the best knowledge of the undersigned, it [ ] did [ ] did not acquire the Rights evidenced by this Rights Certificate from any Person who is, was or subsequently became an Acquiring Person or an Affiliate or Associate of any such Person. Dated: ___________________ , 20____ _________________________________ Signature Signature Guaranteed: Signatures must be guaranteed by a member firm of a registered national securities exchange, a member of the National Association of Securities Dealers, Inc., or a commercial bank or trust company having an office or correspondent in the United States.
Election to Purchase. (To Be Executed Upon Exercise of Warrant) The undersigned hereby irrevocably elects to exercise the right, represented by this Warrant Certificate, to receive [ ] Ordinary Shares and herewith tenders payment for such Ordinary Shares to the order of Aperture Acquisition Corp (the “Company”) in the amount of $[ ] in accordance with the terms hereof. The undersigned requests that a certificate for such Ordinary Shares be registered in the name of [ ], whose address is [ ], and that such Ordinary Shares be delivered to [ ], whose address is [ ]. If said number of Ordinary Shares is less than all of the Ordinary Shares purchasable hereunder, the undersigned requests that a new Warrant Certificate representing the remaining balance of such Ordinary Shares be registered in the name of [ ], whose address is [ ] and that such Warrant Certificate be delivered to [ ], whose address is [ ]. In the event that the Warrant has been called for redemption by the Company pursuant to Section 6.2 of the Warrant Agreement and a holder thereof elects to exercise its Warrant pursuant to a Make-Whole Exercise, the number of Ordinary Shares that this Warrant is exercisable for shall be determined in accordance with subsection 3.3.1(c) or Section 6.2 of the Warrant Agreement, as applicable.
Election to Purchase. Within thirty (30) days after receipt of the Notice, the Company or its assignee may elect to purchase all or none of the Shares to which the Notice refers, at the price per share specified in the Notice. The purchase of the Shares in either such event shall occur at a closing held at the Company's principal office at a mutually agreed upon time which in no event shall be more than thirty (30) days following the end of the time period in which the Company had to elect to purchase such Shares.
Election to Purchase. (TO BE EXECUTED UPON EXERCISE OF WARRANT)
Election to Purchase. By written notification received by the Company within 20 calendar days after receipt of the Notice, Steelcase may elect to purchase or obtain, at the price and on the terms specified in the Notice all, but not less than all, of the Shares specified in the Notice.
Election to Purchase. (To Be Executed Upon Exercise of Warrant) The undersigned hereby irrevocably elects to exercise the right, represented by this Warrant Certificate, to receive [ ] Ordinary Shares and herewith tenders payment for such Ordinary Shares to the order of Hu▇▇ ▇ompanies Acquisition Corp. I (the “Company”) in the amount of $[ ] in accordance with the terms hereof. The warrant is registered in book entry form in the name of [ ] entitling the holder to purchase Ordinary Shares of the Company. If said number of Ordinary Shares is less than all of the Ordinary Shares purchasable hereunder, the undersigned requests that a new Warrant Certificate representing the remaining balance of such Ordinary Shares be registered in the name of [ ], whose address is [ ] and that such Warrant Certificate be delivered to [ ], whose address is [ ]. In the event that the Warrant has been called for redemption by the Company pursuant to Section 6.2 of the Warrant Agreement and a holder thereof elects to exercise its Warrant pursuant to a Make-Whole Exercise, the number of Ordinary Shares that this Warrant is exercisable for shall be determined in accordance with subsection 3.3.1(c) or Section 6.2 of the Warrant Agreement, as applicable.