Exit Mechanism. In the event a Founder desires to transfer, sell , or otherwise dispose of their equity interest in the Company, they shall first provide written notice to the other Founder(s) and offer them the right of first refusal to purchase such equity interest on the same terms and conditions as offered to a third party. If the other Founder(s) decline or do not respond within [number of days, e.g., 30 days], the selling Founder may proceed with the transfer to a third party, subject to the Company's governing documents and applicable law. ENFORCEABILITY RISKS The Founders acknowledge that the enforceability of certain provisions in this Agreement, including but not limited to non-compete restrictions, may be subject to the laws of the jurisdiction in which the Company is located. The Founders agree to comply with such laws and to seek appropriate legal advice as necessary to ensure the enforceability of this Agreement.
Exit Mechanism. Any Party to this Agreement may withdraw from the Agreement to be effective no sooner than the end of any calendar year provided the withdrawing Party gives to all other Parties no less than three (3) months’ prior written notice of its intent to withdraw.
Exit Mechanism. 4.1After the Closing, if any Investor exits through the Company’s Subsequent Financing, mergers and acquisitions, Qualified IPO or other transactions conducted by the resolutions of shareholders or the Board of Directors (the “Company-led Exit Transaction”), the Repurchase Obligors shall ensure that the Investor sells his shares in the Company at a consideration of not less than the Qualified Exit Price. For the purposes of this Section 4, Subsequent Financing means any issuance of New Securities (as defined below) after the Closing.
Exit Mechanism. 5.1 The shareholders may legally transfer all or any part of their shares to each other or a third party.
Exit Mechanism. Titan III will have the right at any time to put its interest in a Stabilized OPJV to the OP for OP Units (valued at their public market price) or cash, at the OP’s election. These OP Units will be entitled to the registration rights to be afforded to holders of OP Units generally. Further at any time that such right is exercised by Titan III as to a positive return OPJV, the OP shall have the right to also call Titan III’s interest in one or more negative return OPJV’s which are fully operational for more than one calendar year and the price for such interests shall be calculated on a blended basis taking into account shortfalls from negative return OPJV’s. After a property’s fifth full calendar year of operations, the OP will have the right to force an exchange of Titan III’s interest in the property’s OPJV for OP Units (valued at their public market price) or cash, at the OP’s election. These OP Units will be entitled to the registration rights to be afforded to holders of OP Units then outstanding. The Master Agreement will specify to extent possible the limitations on converting Units to cash, i.e., length of holding period and issuing price.
Exit Mechanism. GoS/XXXXX agrees to consider any proposal of any other Shareholder made after completion of 2 (“Two”) Years from the Commercial Operation Date of the Project or earlier on mutual beneficial terms to divest some part of GoS/SPICL’s equity share capital in the Company either in favour of such person or public/IPO, to whom the said Shareholder is selling its equity shares in the Company.
Exit Mechanism. Membership of the PSB is Senior / Executive Members of partner organisations. If a PSB Member is no longer able to fulfil their role on the PSB it is their responsibility to find a suitable replacement from their organisation to take their position on the group. The full membership of the PSB is as per the guidance form the Well-being of Future Generations (Wales) Xxx 0000.
Exit Mechanism
