Equity Purchase Option Sample Clauses
An Equity Purchase Option clause grants a party the right, but not the obligation, to purchase a specified amount of equity in a company under predetermined terms. Typically, this clause outlines the conditions under which the option can be exercised, such as timeframes, pricing formulas, and any required approvals. Its core function is to provide flexibility and potential upside to the option holder, while giving the company a clear framework for how and when equity may be acquired, thereby reducing uncertainty and facilitating future investment or partnership opportunities.
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Equity Purchase Option. On the date of the initial Borrowing, the Lenders may, at their sole option, purchase $2,000,000 of the Company’s Series C Preferred Stock at the price paid by, and on the same terms and conditions as, the investors in the Required Equity Financing.
Equity Purchase Option. Party C agrees to grant Party A an equity purchase option (the “Equity Purchase Option”) in accordance with the terms and conditions of this Agreement, i.e., Party C agrees that after the signing of this Agreement and Party C has obtained the Target Equity 2, Party A shall have the right but not the obligation to purchase and obtain the Target Equity 2 held by Party C at the consideration of a total of RMB 144.1 million or the consideration adjusted in accordance with the Agreement of Performance Commitment and Profit Compensation of the Management of the Company (collectively the “Purchase Consideration”).
Equity Purchase Option. At each anniversary of the Effective ---------------------- Date, instead of paying to Maxygen the amount of one million dollars ($1,000,000) pursuant to Section 4.1, and at the discretion of Zeneca, Zeneca may elect to have AstraZeneca Holdings B.V. pay to Maxygen three million dollars ($3,000,000) for the purchase of shares of Maxygen stock at a price equal to one hundred and fifty percent (150%) of the then fair market value (i.e., pay to Maxygen $3,000,000 for shares of Maxygen stock having a fair market value of $2,000,000) on terms and conditions set forth in the Stock Purchase Agreement.
Equity Purchase Option. Weitz hereby grants to GBG the right and option, at GBG's sole elect▇▇▇, to convert Golden Bear's Referral and Participation Fee interest into a 49% equity interest in Weitz Golf upon payment to Weitz of an amount equal to the greater o▇ (▇) $490 or (b) 49% of th▇ ▇▇▇itive depreciated book value of any construction equipment owned by Weitz Golf, such that thereafter Weitz will own 51% and GBG will own ▇▇% of Weitz Golf. If this equit▇ ▇▇▇chase option right is exercised, GBG's ▇▇▇▇rship of the 49% equity interest shall continue until December 31,2007. As of January 1, 2008 GBG shall assign such 49% equity interest to the Designated Successor in exchange for the same purchase price amount originally paid by GBG, and the Designated Successor shall thereafter own such 49% of Weitz Golf. Such equity purchase option right may be exercised only ▇▇ ▇▇ll by GBG and only at any time during a period commencing on the date of this Agreement and continuing for a period of twenty-four (24) months thereafter. This equity purchase option right shall in any event expire on the second anniversary date of this Agreement if not exercised prior to that date. If this equity purchase option right is exercised, the Referral and Participation Fee shall thereafter be reduced to zero, and Weitz Golf may thereafter use the name "Golden Bear" in its name.
Equity Purchase Option. At each anniversary of the Effective ---------------------- Date, instead of paying to Maxygen the amount of [*******] pursuant to Section 4.1, and at the discretion of Zeneca, Zeneca may elect to have AstraZeneca Holdings B.V. pay to Maxygen [*******] for the purchase of shares of Maxygen stock at a price equal to [*******] of the then fair market value (i.e., pay to Maxygen [*******] for shares of Maxygen stock having a fair market value of [*******]) on terms and conditions set forth in the Stock Purchase Agreement.
Equity Purchase Option