Common use of Exercise of the Repurchase Right Clause in Contracts

Exercise of the Repurchase Right. and Termination of the Repurchase ------------------------------------------------------------------ Right. The Repurchase Right shall be exercisable by written notice delivered to ----- the Owner of the Shares prior to the expiration of the sixty (60) day period specified in Section 5.1 (or, in certain cases, Section 5.4(b)). The notice shall indicate the number of Shares to be repurchased and the date on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of notice. To the extent one or more certificates representing Shares may have been previously delivered out of escrow to the Owner, then the Owner shall, prior to the close of business on the date specified for the repurchase, deliver to the Secretary of the Company the certificates representing the Shares to be repurchased, properly endorsed for transfer. The Company shall, concurrently with the receipt of such stock certificates, pay to the Owner in cash or cash equivalents (including the cancellation of any purchase-money indebtedness), an amount equal to the Purchase Price previously paid for the Unvested Shares that are to be repurchased. The Repurchase Right shall terminate with respect to any Shares for which it is not timely exercised under Section

Exercise of the Repurchase Right. and Termination of the Repurchase ------------------------------------------------------------------ Right. The Repurchase Right shall be exercisable by written notice delivered to ----- the Owner of the Shares Purchaser prior to the expiration of the sixty applicable ninety (6090) day period specified in Section 5.1 (or, in certain cases, Section 5.4(b))5.1. The notice shall indicate the number of Corporation Shares or Unvested Group 1 Shares to be repurchased and the date on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of notice. To the extent one or more certificates representing the Corporation Shares or Unvested Group 1 Shares may have been previously delivered out of escrow to the OwnerPurchaser, then the Owner Purchaser shall, prior to the close of business on the date specified for the repurchase, deliver to the Secretary of the Company Xxxxxx the certificates representing the Corporation Shares or Unvested Shares Group 1 to be repurchased, each certificate to be properly endorsed for transfer. The Company Xxxxxx shall, concurrently with the his receipt of such stock certificatescertificates (either from escrow in accordance with Section 7.3 or from Purchaser as herein provided), pay to the Owner Purchaser in cash or cash equivalents (including the cancellation of any purchase-money indebtedness)cash, an amount equal to the Purchase Price previously paid for the Corporation Shares or Unvested Group 1 Shares that are to be repurchased. The Repurchase Right shall terminate with respect to any Shares for which it is not timely exercised under Section.