Option to Acquire. After expiration of the Compliance Period, the General Partner may give notice (the "GP Notice") to the Limited Partner that it desires to purchase the entire Interest of each of the Limited Partner and the Special Limited Partner in the Partnership. Upon receipt by the Limited Partner and the Special Limited Partner, the following events shall occur:
(a) The Limited Partner and the Special Limited Partner shall negotiate with the General Partner for a period of 30 days after the GP Notice is received to agree upon the value of their respective Interests. In the event an agreement is not reached within such 30-day period, then the General Partner or the Special Limited Partner may request that value be determined in accordance with the process set forth below by sending notice (the "Appraisal Notice") of same to the other party within 15 days of the expiration of the 30-day period. If an Appraisal Notice is not sent by either party within such 15-day period, then the General Partner's option shall expire.
(b) If the respective value of the Interests of the Limited Partner and the Special Limited Partner are not agreed upon as provided above and either the General Partner or the Special Limited Partner issues to the other Person an Appraisal Notice, then the value of such Interests shall be determined by an appraisal utilizing the income approach method. The appraisal shall be conducted by an independent appraiser satisfactory to the General Partner and the Special Limited Partner or, in the event that a single independent appraiser cannot be agreed upon within 30 days following the date of the Appraisal Notice, the General Partner and the Special Limited Partner shall each select an independent appraiser and the appraisers so selected shall select a third independent appraiser. All appraisers so designated shall be experienced in accounting, business or real estate appraisal. The appraiser or appraisers shall determine the income approach value of the Interest of each of the Limited Partner and the Special Limited Partner. The decision of the appraisers (if more than one) shall be made by the majority of such appraisers. The appraiser or appraisers shall render a written report setting forth the income approach value of such Interests, which decision shall be rendered as expeditiously as possible by the appraiser or appraisers and which decision shall be final and binding upon the parties. The reasonable fees and expenses of the appraiser or appraisers sha...
Option to Acquire. Party A hereby grants Party B a priority option, exercisable during the Term of this Contract, to acquire the whole or part of Party A's existing or future production facilities and/or mineral deposits. The Option may be exercised by Party B delivering to Party B the Notice to exercise substantially in the form attached hereto as Schedule "A", upon occurrence of any one of the following events: (1) Party A in voluntary or involuntary bankrupt or liquidation proceedings; or
Option to Acquire. Should the Xxxx Xxxxxxx Fire Department no longer serve the City of Arden Hills or no longer use, occupy, or otherwise cease to operate in the fire station, the fire station, at the discretion of the JPA, may be used by a successor organization that provides fire protection to the Parties. Should no acceptable successor organization be identified the City of Arden Hills will have the option to reimburse the other two Parties, the Cities of Shoreview and North Oaks, for their respective contributions to the purchase of the Property, construction of the fire station, and any applicable capital improvements to the station plus inflation as measured by the Consumer Price Index (CPI) and take ownership of the land and associated buildings.
Option to Acquire. For 30 days following the receipt of the Notice and Acquisition Documents by the Purchaser, the Purchaser shall have the option to acquire the rights proposed to be transferred at the greater of.
(i) the price stated in the Notice and Acquisition Documents, or (ii) U.S.$50,000, or at any other price agreed to by the Purchaser and the Seller. If the Purchaser does not elect to acquire the rights during the 30 day period following the Purchaser's receipt of the Notice and Acquisition Documents, then, the Seller may transfer the rights to the proposed transferee on the terms and conditions set forth in the Acquisition Documents.
Option to Acquire. In the event that the Company has received a request for a Demand Registration from an Investor pursuant to Section 2.1, the Company or any non-Requesting Investor (in proportion to their percentage ownership of Shares) shall have the option, for a period of 30 days from the date of the Requesting Investor's request, to acquire all of the Shares sought to be included in a Demand Registration at a per share price equal to the average Closing Price of the Shares during the 20-day period beginning 10 days prior to receipt of the Investor's request and ending 10 days thereafter. The Requesting Investor shall have the absolute right to withdraw its request for a Demand Registration at any time prior to the expiration of such 20-day period. In the event that the Company or the non-requesting Investors elect not to purchase all of the Shares covered by the Investor's request, the Company shall proceed with the registration of the Shares pursuant to this Article 2.
Option to Acquire. 35 9.13 Right of First Refusal ......................... 36
Option to Acquire. 11.3.1 During the Term of this Agreement, Company shall have the right to elect in its sole discretion to purchase the xXXxX*s Domain for the purchase price (the “Purchase Price”) set forth below, subject to adjustment as set forth in Section 11.3.2 (the “Option”): Option Exercise Date Purchase Price Effective Date through December 31, 2011 $9,000,000 January 1, 2012 through December 31, 2012 $10,000,000 January 1, 2013 through December 31, 2013 $11,000,000 January 1, 2014 through Termination Date $12,000,000
Option to Acquire. 40 Section 9.15 Right of First Refusal........................................42 Article X. ALLOCATIONS OF INCOME, LOSSES AND CREDITS..........................42
Option to Acquire. At any time after expiration of the Compliance Period, the General Partner may give notice (the "GP Notice") to the Limited Partner that it desires to purchase the entire Interest of each of the Limited Partner and the Special Limited Partner in the Partnership. Upon receipt by the Limited Partner and the Special Limited Partner, the following events shall occur:
(a) The purchase price of the Interests shall be determined as of the date of the GP Notice. The purchase price shall be the greater of (i) the aggregate of the Fair Market Value of the Interest of the Limited Partner and the Fair Market Value of the Interest of the Special Limited Partner or
Option to Acquire. After expiration of the Compliance Period, the General Partner may give notice (the "GP Notice") to the Limited Partner that it desires to purchase the entire Interest of each of the Limited Partner and the Special Limited Partner in the Partnership. Upon receipt by the Limited Partner and the Special Limited Partner, the following events shall occur:
(a) The purchase price of the Interests shall be determined. The purchase price shall be the greater of (i) the aggregate of the Fair Market Value of the Interest of the Limited Partner and the Fair Market Value of the Interest of the Special Limited Partner or (ii) the "Tax Amount" as hereinafter defined. Notwithstanding the preceding, the purchase price shall be no less than the principal amount of all outstanding indebtedness secured by the Project.
