Insolvency Call Option Notice and Shares’ Price Sample Clauses
Insolvency Call Option Notice and Shares’ Price. The exercise of the Insolvency Call Option must be made by written notice to the Insolvent Party within one hundred and twenty (120) days after the verification of the Insolvency Event (“Insolvency Call Option Notice”). Upon exercise of this call option, the Insolvent Party shall be obliged to sell its entire interests held in the Company’s capital stock to the Non-Insolvent Party, at the corresponding Fair Market Value, within thirty (30) calendar days from the final determination of the corresponding Fair Market Value.
Insolvency Call Option Notice and Shares’ Price. The exercise of the Insolvency Call Option must be made by written notice to the Insolvent Party within [*] after the verification of the Insolvency Event (“Insolvency Call Option Notice”). Upon exercise of this call option, the Insolvent Party shall be obliged to sell all of its Shares held in the Company's capital stock to the Non-Insolvent Party, at the corresponding [*], within [*] from the final determination of the corresponding [*].