Common use of Investors' Rights Clause in Contracts

Investors' Rights. (i) If for any reason the Company does not elect to purchase all of the Eligible Stock or the Available Stock, as the case may be, prior to the 90th day following the Termination Date, Sentinel and then in certain circumstances, each Investor will be entitled to exercise the Repurchase Option, in the manner set forth in Section 3(d), for the Eligible Stock or the Available Stock, as the case may be, that the Company has not elected to purchase (the "Available Shares"). As soon as practicable but in any event within thirty (30) days after the Company determines that there will be Available Shares, the Company will deliver written notice (the "Option Notice") to all Investors setting forth the number of Available Shares and the price for each Available Share.

Appears in 2 contracts

Samples: Management Agreement (Romacorp Inc), Management Agreement (Romacorp Inc)

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Investors' Rights. (i) If for any reason the Company does not elect to purchase all of the Eligible Stock or the Available Stock, as the case may beExecutive Securities, prior to the 90th day following the Termination Date, Sentinel and then in certain circumstances, each Investor will be entitled to exercise the Repurchase Option, in the manner set forth in Section 3(d2(d), for with respect to the Eligible Stock or the Available Stock, as the case may be, Executive Securities that the Company has not elected to purchase (the "Available Shares"). As soon as practicable practicable, but in any event within thirty (30) days after the Company determines that there will be Available Shares, the Company will deliver written notice (the "Option Notice") to all Investors setting forth the number of Available Shares and the price for each Available Share.

Appears in 1 contract

Samples: Management Agreement (Romacorp Inc)

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Investors' Rights. (i) If for any reason the Company does not elect to purchase all of the Eligible Stock or the Available Stock, as the case may be, prior to the 90th day following the Termination Date, Sentinel and then in certain circumstances, each Investor will be entitled to exercise the Repurchase Option, in the manner set forth in Section SECTION 3(d), for the Eligible Stock or the Available Stock, as the case may be, that the Company has not elected to purchase (the "Available Shares"). As soon as practicable practicable, but in any event within thirty (30) days after the Company determines that there will be Available Shares, the Company will deliver written notice (the "Option Notice") to all Investors setting forth the number of Available Shares and the price for each Available Share.that

Appears in 1 contract

Samples: Management Agreement (Roma Fort Worth Inc)

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