Common use of Marathon Call Right Clause in Contracts

Marathon Call Right. Subject to Section 3.04, at any time on and after December 31, 2004, Marathon shall have the right to purchase from Ashland on the Scheduled Closing Date (the “Marathon Call Right”), and Ashland shall thereupon be required to sell to Marathon on the Scheduled Closing Date, all of Ashland’s Membership Interests and the Ashland LOOP/LOCAP Interest, for an aggregate amount equal to the purchase price (the “Marathon Call Price”) set forth in Section 3.02(a), plus interest on the Marathon Call Price at a rate per annum equal to the Base Rate, with daily accrual of interest, for the period commencing on the Marathon Call Exercise Date and ending on the Scheduled Closing Date.

Appears in 3 contracts

Samples: Put/Call, Registration Rights and Standstill Agreement (Ashland Inc), Put/Call, Registration Rights and Standstill Agreement (Marathon Oil Corp), Put/Call, Registration Rights and Standstill Agreement (Marathon Oil Corp)

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Marathon Call Right. Subject to Section 3.04, at any time on and after December 31, 2004, Marathon shall have the right to purchase from Ashland on the Scheduled Closing Date (the "Marathon Call Right"), and Ashland shall thereupon be required to sell to Marathon on the Scheduled Closing Date, all of Ashland’s 's Membership Interests and the Ashland LOOP/LOCAP Interest, for an aggregate amount equal to the purchase price (the "Marathon Call Price") set forth in Section 3.02(a), plus interest on the Marathon Call Price at a rate per annum equal to the Base Rate, with daily accrual of interest, for the period commencing on the Marathon Call Exercise Date and ending on the Scheduled Closing Date.

Appears in 2 contracts

Samples: Put/Call, Registration Rights and Standstill Agreement (Ashland Inc), Put/Call, Registration Rights and Standstill Agreement (Ashland Inc)

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Marathon Call Right. Subject to Section 3.04, at any -------------------- time on and after December 31, 2004, Marathon shall have the right to purchase from Ashland on the Scheduled Closing Date (the "Marathon Call Right"), and ------------------- Ashland shall thereupon be required to sell to Marathon on the Scheduled Closing Date, all of Ashland’s 's Membership Interests and the Ashland LOOP/LOCAP Interest, for an aggregate amount equal to the purchase price (the "Marathon Call Price") ------------------- set forth in Section 3.02(a), plus interest on the Marathon Call Price at a rate per annum equal to the Base Rate, with daily accrual of interest, for the period commencing on the Marathon Call Exercise Date and ending on the Scheduled Closing Date.

Appears in 1 contract

Samples: Put/Call, Registration Rights and Standstill Agreement (Usx Corp)

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