Common use of Exercise of the Repurchase Right Clause in Contracts

Exercise of the Repurchase Right. The Repurchase Right shall be exercisable by written notice delivered to the Purchaser prior to the expiration of the applicable sixty (60) day period specified in Section 4.1. The notice shall indicate the number of Unvested 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 Unvested Shares may be held by the Purchaser, then Purchaser shall, prior to the close of business on the date specified for the repurchase, deliver to the Secretary of the Corporation the certificates representing the Unvested Shares to be repurchased, each certificate to be properly endorsed for transfer. The Corporation shall, concurrently with the receipt of such stock certificates, pay to Purchaser in cash or cash equivalents (including the cancellation of any purchase-money indebtedness), an amount equal to the original Purchase Price for the Unvested Shares that are to be repurchased.

Exercise of the Repurchase Right. The Repurchase Right shall be exercisable by written notice delivered to the Purchaser Owner of the Unvested Shares prior to the expiration of the applicable sixty (60) 90 day period specified in Section 4.15.1. The notice shall indicate the number of Unvested Shares to be repurchased and the date on which the repurchase is to be effected, such date to be not more than thirty (30) 45 days after the date of notice. To the extent one or more certificates representing Unvested Shares may be held by the Purchaser, then Purchaser The Owner shall, prior to the close of business on the date specified for the repurchase, deliver to the Secretary of the Corporation Company the certificates representing the Unvested Shares to be repurchasedrepurchased (unless already held by the Secretary in escrow under this Agreement), each certificate to be properly endorsed for transfer. The Corporation Company shall, concurrently with the receipt of such stock certificatescertificates (either from escrow in accordance with Section 6.3 or from Owner as herein provided), pay to Purchaser Owner in cash or cash equivalents (including the cancellation of any purchase-money indebtedness), an amount equal to the original Purchase Price previously paid for the Unvested Shares that are to be repurchased.

Exercise of the Repurchase Right. The Repurchase Right shall be exercisable by written notice delivered to the Purchaser Owner of the Unvested Shares prior to the expiration of the applicable sixty ninety (6090) day period specified in Section 4.15.1 above. The notice shall indicate the number of Unvested 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 Unvested Shares may be held by have been previously delivered out of escrow to the PurchaserOwner, then Purchaser the Owner shall, prior to the close of business on the date specified for the repurchase, deliver to the Secretary of the Corporation Company the certificates representing the Unvested Shares to be repurchased, each certificate to be properly endorsed for transfer. The Corporation Company shall, concurrently with the receipt of such stock certificates, pay to Purchaser the Owner in cash or cash equivalents (including the cancellation of any purchase-money indebtedness), an amount equal to the original Cash Purchase Price previously paid for the Unvested Shares that are to be repurchased.

Exercise of the Repurchase Right. The Repurchase Right right shall be exercisable by written notice delivered to the Purchaser prior to the expiration of the applicable sixty (60) day period specified in Section 4.1. The notice shall indicate the number of Unvested 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 Unvested Shares may be held by the Purchaser, then Purchaser shall, prior to the close of business on the date specified for the repurchase, deliver to the Secretary of the Corporation the certificates representing the Unvested Shares to be repurchased, each certificate to be properly endorsed for transfer. The Corporation shall, concurrently with the receipt of such stock certificates, pay to Purchaser in cash or cash equivalents (including the cancellation of any purchase-money indebtedness), an amount equal to the original Purchase Price for the Unvested Shares that are to be repurchased.

Exercise of the Repurchase Right. The Repurchase Right shall be exercisable by written notice delivered to the Purchaser Owner of the Purchased Shares prior to the expiration of the applicable sixty (60) day period specified in Section 4.16(c)(i). The notice shall indicate the number of Unvested Purchased 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 Unvested Shares may be held by the Purchaser, then Purchaser Owner shall, prior to the close of business on the date specified for the repurchase, deliver to the Secretary of the Corporation Company the certificates representing the Unvested Purchased Shares to be repurchased, each certificate to be properly endorsed for transfer. The Corporation Company shall, concurrently with the receipt of such stock certificatescertificates from Owner, pay to Purchaser Owner in cash or cash equivalents (including the cancellation of any purchase-purchase money indebtednessindebtedness of the Optionee to the Company), an amount equal to the original Purchase Price for Fair Market Value of the Unvested Purchased Shares that are to be repurchased.

Exercise of the Repurchase Right. The Repurchase Right shall be exercisable by written notice delivered to the Purchaser Holder of the Unvested Shares prior to the expiration of the applicable sixty (60) day period specified in Section 4.15.1. The notice shall indicate the number of Unvested 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 Unvested Shares may be held by the Purchaser, then Purchaser The Holder shall, prior to the close of business on the date specified for the repurchase, deliver to the Company’s Secretary of the Corporation the certificates representing the Unvested Shares to be repurchased, each certificate to be properly endorsed for transfer, and the Holder shall cease to have any further rights or claims with respect to such Unvested Shares (or other assets or securities attributable to such Unvested Shares). The Corporation Subject to the provisions of Section 5.6, the Company shall, concurrently with the receipt of such stock certificates, pay to Purchaser Holder in cash or cash equivalents (including the cancellation of any purchase-money indebtedness)equivalents, an amount equal to the original Purchase per Repurchase Price for the Unvested Shares that which are to be repurchased.

Exercise of the Repurchase Right. The Repurchase Right right shall be exercisable by written notice delivered to the Purchaser prior to the expiration of the applicable sixty (60) day period specified in Section 4.1. The notice shall indicate the number of Unvested 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 Unvested Shares may be held by the Purchaser, then Purchaser shall, prior to the close of business on the date specified for the repurchase, deliver to the Secretary of the Corporation the certificates representing representing, the Unvested Shares to be repurchased, each certificate to be properly endorsed for transfer. The Corporation shall, concurrently with the receipt of such stock certificates, pay to Purchaser in cash or cash equivalents (including the cancellation of any purchase-money indebtedness), an amount equal to the original Purchase Price for the Unvested Shares that are to be repurchased.

Exercise of the Repurchase Right. The Repurchase Right shall be exercisable by written notice delivered to the Purchaser Owner of the Unvested Shares prior to the expiration of the applicable sixty (60) day 60)-day period specified in Section 4.13.1. The notice shall indicate the number of Unvested 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 Unvested Shares may be held by the Purchaser, then Purchaser shall, prior Prior to the close of business on the date specified for the repurchase, the Owner shall deliver to the Secretary of the Corporation the certificates representing the Unvested Shares to be repurchased, each certificate to be properly endorsed for transfer. The Corporation shall, shall concurrently with the receipt of such stock certificates, certificates pay to Purchaser the Owner, in cash or cash equivalents (including the cancellation of any outstanding purchase-money indebtedness), an amount equal to the original Purchase Price previously paid for the Unvested Shares that which are to be repurchased. Such Unvested Shares shall thereupon be canceled and cease to be issued and outstanding shares of the Corporation's common stock.

Exercise of the Repurchase Right. The Repurchase Right shall be -------------------------------- exercisable by written notice delivered to the Purchaser owner of the Unvested Shares (the "Owner") prior to the expiration of the applicable sixty (60) day 60)-day period specified in Section 4.1paragraph 18.1. The notice shall indicate the number of Unvested 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 Unvested Shares may be held by the Purchaser, then Purchaser Owner shall, prior to the close of business on the date specified for the repurchase, deliver to the Secretary of the Corporation the certificates representing the Unvested Shares to be repurchased, each certificate to be properly endorsed for transfer. The Corporation shall, concurrently with the receipt of such stock certificates, pay to Purchaser Owner in cash or cash equivalents (including the cancellation of any purchase-money indebtedness), an amount equal to the original Purchase Option Price previously paid for the Unvested Shares that which are to be repurchased.

Exercise of the Repurchase Right. The Repurchase Right shall be exercisable by written notice delivered to the Purchaser Owner of the Unvested Shares prior to the expiration of the applicable sixty (60) day period specified in Section 4.15.1. The notice shall indicate the number of Unvested 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 Unvested Shares may be held by have been previously delivered out of escrow to the PurchaserOwner, then Purchaser the Owner shall, prior to the close of business on the date specified for the repurchase, deliver to the Secretary of the Corporation Company the certificates representing the Unvested Shares to be repurchased, each certificate to be properly endorsed for transfer. The Corporation Company shall, concurrently with the receipt of such stock certificates, pay to Purchaser the Owner in cash or cash equivalents (including the cancellation of any purchase-money indebtedness), an amount equal to the original Purchase Price previously paid for the Unvested Shares that are to be repurchased.