Common use of Notification and Settlement Clause in Contracts

Notification and Settlement. In the event that the Company has elected to exercise the Reconveyance Option as to all of the Shares within the period described above, Optionee or any other person obligated to transfer the Shares shall deliver to the Company certificate(s) representing the Shares to be acquired by the Company within ten (10) days following the date of the notice from the Company. The Company shall deliver to Optionee against delivery of the Shares, checks of the Company payable to Optionee or any other person obligated to transfer the Shares or cancellation of indebtedness in the aggregate amount of the purchase price to be paid as set forth in paragraph (ii) above.

Notification and Settlement. In the event that the Company has elected to exercise the Reconveyance Option as to part or all of the Shares within the period described above, Optionee Purchaser or any such other person obligated to transfer the Shares shall deliver to the Company certificate(s) representing the Shares to be acquired by the Company within ten thirty (1030) days following the date of the notice from the Company. The Company shall deliver to Optionee Purchaser against delivery of the Shares, checks of the Company payable to Optionee or Purchaser and/or any other person obligated to transfer the Shares or cancellation of indebtedness in the aggregate amount of the purchase price to be paid as set forth in paragraph (iib) above.

Notification and Settlement. In the event that the Company has elected to exercise the Reconveyance Option Repurchase Right as to part or all of the Shares within the period described above, Optionee Purchaser or any such other person obligated to transfer the Shares shall deliver to the Company certificate(s) representing the Shares to be acquired by the Company within ten thirty (1030) days following the date of the notice from the Company. The Company shall deliver to Optionee Purchaser against delivery of the Shares, cashier's checks or wire transfer of the Company payable to Optionee or Purchaser and/or any other person obligated to transfer the Shares or cancellation of indebtedness in the aggregate amount of the purchase price to be paid as set forth in paragraph (ii3(b) above.

Notification and Settlement. In the event that the Company has elected to exercise the Reconveyance Option Repurchase Right as to part or all of the Shares within the period described above, Optionee Purchaser or any such other person obligated to transfer the Shares shall deliver to the Company certificate(s) representing the Shares to be acquired by the Company within ten thirty (1030) days following the date of the notice from the Company. The Company shall deliver to Optionee Purchaser against delivery of the Shares, checks of the Company payable to Optionee or Purchaser and/or any other person obligated to transfer the Shares or cancellation of indebtedness in the aggregate amount of the purchase price to be paid as set forth in paragraph (ii4(b) above.

Notification and Settlement. In the event that the Company has --------------------------- elected to exercise the Reconveyance Option as to part or all of the Shares within the period described above, Optionee Purchaser or any such other person obligated to transfer the Shares shall deliver to the Company certificate(s) representing the Shares to be acquired by the Company within ten thirty (1030) days following the date of the notice from the Company. The Company shall deliver to Optionee Purchaser against delivery of the Shares, checks of the Company payable to Optionee or Purchaser and/or any other person obligated to transfer the Shares or cancellation of indebtedness in the aggregate amount of the purchase price to be paid as set forth in paragraph (iib) above.