Huizxxxx Xxx Option Sample Clauses

Huizxxxx Xxx Option. (a) Upon written demand made at any time during the period commencing on July 1, 2001 and terminating on June 30, 2002, Xxxxxxxx xxxll have the right, but not the obligation, to require ISC (directly or through its designee) and PMI (directly or through its designee) to each purchase from him, or from an entity wholly owned by him, one half of the ten percent (10%) limited liability company interest in the Company owned by him or an entity wholly owned by him (the "Huizxxxx Xxxbership Interest"). (b) If during the period commencing immediately after the Closing Date and ending on July 1, 2001, the aggregate number of Units (as that term is defined in the Company's Operating Agreement) transferred by ISC and PMI (or the ISC Affiliate and the PMI Affiliate) and/or sold by the Company to new members exceeds fifty percent (50%) of the Units outstanding immediately after the Closing, Huizxxxx xxxll have the right, but not the obligation, to require ISC (directly or through its designee) and PMI (directly or through its designee) to each purchase from him, or an entity wholly owned by him, the Huizxxxx Xxxbership Interest. (c) The purchase price for the Huizxxxx Xxxbership Interest shall be $2,950,000, increased by the amount of any capital contributed to the Company after the Closing Date by the owner of the Huizxxxx Xxxbership Interest, and decreased by the amount of any capital distributed by the Company to the owner of the Huizxxxx Xxxbership Interest (other than distributions pursuant to Section 7.4 of the Company's Operating Agreement), plus interest on the $2,950,000 as increased or decreased from time to time as specified above, calculated from the Closing Date at the rate of seven and one half percent (7.5%) per annum. One half of the purchase price for the Huizxxxx Xxxbership Interest shall be paid by each of the Purchasers or their designees. The closing for the purchase of the Huizxxxx Xxxbership Interest shall occur within thirty (30) days after the demand to purchase the Huizxxxx Xxxbership Interest specified in subparagraph (a) above. (d) The Company shall take all actions necessary or appropriate to reflect the transfer of the Huizxxxx Xxxbership Interest after the purchase has been completed.
Sample 1Sample 2
AutoNDA by SimpleDocs

Related to Huizxxxx Xxx Option

  • Xxxxxx Xxxxxx Xxxx Xx Day, 3rd Monday in January;

  • Xxxx Xxxx Purchase Order and Sales Contact Email 2 2 Purchase Order and Sales Contact Phone 2 3 Company Website 4 Entity D/B/A's and Assumed Names 5 Primary Address 2 6 Primary Address City 7 Primary Address State 2 8 Primary Address Zip 9 Search Words Identifying Vendor Certification of Vendor Residency (Required by the State of Texas)

  • Xx Xxxxxx No waiver or modification of this Agreement or any of its terms is valid or enforceable unless reduced to writing and signed by the party who is alleged to have waived its rights or to have agreed to a modification.

  • SOMEC XXXXX XXXXX XXXXX XXXXX XXXXX UNBUNDLED LOCAL SWITCHING, PORT USAGE End Office Switching (Port Usage) End Office Switching Function, Per MOU 0.0010519 End Office Trunk Port - Shared, Per MOU 0.0002136 Tandem Switching (Port Usage) (Local or Access Tandem) Tandem Switching Function Per MOU 0.0001634 Tandem Trunk Port - Shared, Per MOU 0.0002863 Tandem Switching Function Per MOU (Melded) 0.00004951 Tandem Trunk Port - Shared, Per MOU (Melded) 0.000086749 Melded Factor: 30.30% of the Tandem Rate Common Transport Common Transport - Per Mile, Per MOU 0.0000045 Common Transport - Facilities Termination Per MOU 0.0004095

  • Xxxxx Xxxx Purchase Order and Sales Contact Email 2 Purchase Order and Sales Contact Phone 2 3 Company Website 2 4 Entity D/B/A's and Assumed Names 5 Primary Address 2 6 Primary Address City 7 Primary Address State 2 8 Primary Address Zip 9 Search Words Identifying Vendor Certification of Vendor Residency (Required by the State of Texas)

  • Xxxx-Xxxxx-Xxxxxx Notwithstanding any other provision in this Agreement, in the event the Xxxx Xxxxx Xxxxxx Antitrust Improvements Act of 1976, as amended (the “HSR Act”), is applicable to any Member by reason of the fact that any assets of the Company will be distributed to such Member in connection with the dissolution of the Company, the distribution of any assets of the Company shall not be consummated until such time as the applicable waiting periods (and extensions thereof) under the HSR Act have expired or otherwise been terminated with respect to each such Member.

  • Xxxx Xxxxx Where the parties cannot agree on an arbitrator, one of the above named will be chosen at random.

  • Xxxxxx Xxxx The right-of-way, the roadway and all improvements constructed thereon connecting the airport to a public highway.

  • Xxxx Xxxxxx Purchase Order and Sales Contact Email 2 2 Purchase Order and Sales Contact Phone 2 3 Company Website 4 Entity D/B/A's and Assumed Names 5 Primary Address 2 6 Primary Address City 7 Primary Address State 2 8 Primary Address Zip 9 Search Words Identifying Vendor Certification of Vendor Residency (Required by the State of Texas)

  • Xxxxx Xxx Xxxx & Xxxxxxxxx LLP; 0000 X Xxxxxx, XX.; Xxxxx 000; Xxxxxxxxxx, XX 00000.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!