Common use of NOTICE OF EXERCISE; CLOSING Clause in Contracts

NOTICE OF EXERCISE; CLOSING. (i) If the Company (or its --------------------------- designee) desires to exercise its option to purchase shares of Company Stock pursuant to its rights under this Section 7.1, the Company (or its designee) shall, not later than the expiration date of the 120-day call period referred to in clauses (a), (b)(i), (c) and (d) above (as it may be extended pursuant to the provisions of Section 7.3 hereof), send written notice of its intention to purchase all of the shares of Company Stock held by such Management Stockholder and his or her Permitted Transferees pursuant to this Section 7.1. Subject in each case to the provisions of Section 7.3 hereof, the closing of the purchase shall take place at the principal office of the Company on the tenth day following the giving of such notice or as soon thereafter as practicable but in no event later than twenty days after the giving of such notice. The purchase price shall be paid in accordance with Section 7.4 hereof.

Appears in 1 contract

Samples: Stockholders Agreement (HCC Industries International)

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NOTICE OF EXERCISE; CLOSING. (i) If the Company (or its --------------------------- designee) desires to exercise its option to purchase shares of Company Stock pursuant to its rights under this Section 7.1, the Company (or its designee) shall, not later than the expiration date of the 120-day call period referred to in clauses (a), (b)(i), (c) and (d) above (as it may be extended pursuant to the provisions of Section 7.3 hereof), send written notice of its intention to purchase all of the shares of Company Stock held by such Management Stockholder and his or her Permitted Transferees pursuant to this Section 7.1. Subject in each case to the provisions of Section 7.3 hereof, the closing of the purchase shall take place at the principal office of the Company on the tenth day following the giving of such notice or as soon thereafter as practicable but in no event later than twenty days after the giving of such notice. The purchase price shall be paid in accordance with Section 7.4 hereof.

Appears in 1 contract

Samples: Stockholders Agreement (HCC Industries Inc /De/)

NOTICE OF EXERCISE; CLOSING. (i) If the Company (or its --------------------------- designee) desires to exercise its option to purchase shares of Company Stock pursuant to its rights under this Section 7.1, the Company (or its designee) shall, not later than the expiration date of the 12090-day call period referred to in clauses (aa)(i), (b)(i), (c) and (d) above (as it may be extended pursuant to the provisions of Section 7.3 hereof), send written notice of its intention to purchase all of the shares of Company Stock held by such Management Stockholder Employee Shareholder and his or her Permitted Transferees pursuant to this Section 7.1. Subject in each case to the provisions of Section 7.3 hereof, the closing of the purchase shall take place at the principal office of the Company on the tenth day following the giving of such notice or as soon thereafter as practicable but in no event later than twenty days after the giving of such notice. The purchase price shall be paid in accordance with Section 7.4 hereof.

Appears in 1 contract

Samples: Shareholders Agreement (Mobile Services Group Inc)

NOTICE OF EXERCISE; CLOSING. (i) If the Company (or its --------------------------- designee) desires to exercise its option to purchase shares of Company Stock pursuant to its rights under this Section 7.1, the Company (or its designee) shall, not later than the expiration date of the 12090-day call period referred to in clauses (aa)(i), (b)(i), (c) and (dd)(i) above (as it may be extended pursuant to the provisions of Section 7.3 hereof), send written notice of its intention to purchase all of the shares of Company Stock held by such Management Stockholder Employee Shareholder and his or her Permitted Transferees pursuant to this Section 7.1. Subject in each case to the provisions of Section 7.3 hereof, the closing of the purchase shall take place at the principal office of the Company on the tenth day following the giving of such notice or as soon thereafter as practicable but in no event later than twenty days after the giving of such notice. The purchase price shall be paid in accordance with Section 7.4 hereof.

Appears in 1 contract

Samples: Shareholders Agreement (Financial Pacific Co)

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NOTICE OF EXERCISE; CLOSING. (i) If the Company (or its --------------------------- designee) desires to exercise its option to purchase shares of Company Stock pursuant to its rights under this Section 7.16.1, the Company (or its designee) shall, not later than the expiration date of the 120-day call period referred to in clauses (aa)(i), (b)(i), (c) and (d) above (as it may be extended pursuant to the provisions of Section 7.3 6.3 hereof), send written notice of its intention to purchase all of the shares of Company Stock held by such Management Stockholder Shareholder and his or her Permitted Transferees pursuant to this Section 7.16.1. Subject in each case to the provisions of Section 7.3 6.3 hereof, the closing of the purchase shall take place at the principal office of the Company on the tenth day following the giving of such notice or as soon thereafter as practicable but in no event later than twenty days after the giving of such notice. The purchase price shall be paid in accordance with Section 7.4 6.4 hereof.

Appears in 1 contract

Samples: Shareholders Agreement (Meridian Automotive Systems Inc)

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