Option to Company. The Company may elect within the first twenty (20) days of the Notice Period to purchase some or all of the Units proposed to be Transferred by the Disposing Member at the proposed price as contained in the Disposition Notice. The terms and conditions of the purchase by the Company shall be the terms and conditions of the proposed Transfer as set forth in the Disposition Notice. Any purchase by the Company shall be made in cash within the first twenty-five (25) days of the Notice Period.
Option to Company. The Company shall have the exclusive right during the period of twenty (20) days following receipt of such notice to elect to purchase any or all of the Offered Stock proposed to be sold in accordance with the Offer Terms and Section 2.2(f); provided, however, that, as set forth in Section 2.2(e), an election by the Company to purchase less than all of the Offered Stock shall not be effective unless the option in Section 2.2(d) is exercised as to all of the Offered Stock not elected to be purchased by the Company under this Section 2.2(c).
Option to Company. The Company may elect with Majority Vote of the Managers within the first sixty (60) days of the Notice Period, to purchase some or all of the Units proposed to be transferred by the Disposing Member at the proposed price as contained in the Disposition Notice. The terms and conditions of the purchase by the Company shall be the terms and conditions of the proposed Transfer as set forth in the Disposition Notice. Any purchase by the Company shall be made in cash any day between and including the ninety-first (91st) and including the one hundredth (100th) day of the Notice Period.
Option to Company. The Company shall have the option to purchase all or any portion of the Selling Member’s Membership Shares so offered (the “Offered Shares”) for the Offer Price and on the Offer Terms. The option may be exercised by giving notice thereof to the Selling Member and the Non-Selling Members the (“Company’s Notice”) within sixty (60) days after the Notice.
Option to Company. The Company shall have the option exercisable ----------------- by written notice to Sublicensee at any time during the term hereof to enter into a license or sublicense agreement, as the case may be, with Sublicensee and/or its affiliates with respect to any technology which Sublicensee and/or its affiliates license or sublicense to third parties as part of an established licensing or sublicensing program on terms and conditions no less favorable to the Company than to such third parties. Such programs currently include programs relating to Sublicensee's and/or its affiliates PCR technology, DNA synthesis technology and DNA sequencing technology. Sublicensee shall use good faith efforts to cause such license or sublicense agreement to be entered into as promptly as commercially practicable after delivery of such exercise notice by the Company.
Option to Company. The Company shall have the first right and option to purchase all (but not less than all) of the Offered Member Interest (“First Option”) at the same price and on the same terms and conditions as set forth in the Offer. This First Option shall be exercisable by the Company by written notice to the Selling Member and to the Other Members (“Notice of Company Exercise”) within thirty (30) days following the Company’s receipt of the Notice of Proposed Sale. If the Company timely exercises this First Option, the Company shall have the greater of: (i) sixty (60) days from the date of Notice of Company Exercise; or (ii) the time period specified in the Offer, to close on the purchase of the Offered Member Interest. The Company’s exercise of the First Option shall require the affirmative vote of All Members (excluding the Member that owns the Offered Member Interest).
Option to Company. If such Shareholder does not exercise his or her option to purchase all of the Shares as set forth above, he or she shall notify the Company within such 30-day period. For a period of fifteen (15) days following receipt of such notice (or for a period of fifteen (15) days following the failure or termination of any unsuccessful attempt to exercise), the Company shall have the option to purchase any of the Shares not purchased by such Shareholder at the price and in the manner provided for in Sections 6 and 7, exercisable by delivery of written notice of such exercise to such third person, such spouse, or the legal representative of such spouse's estate. The right of the Company to purchase the Shares shall not be conditioned upon its receipt of notice from such Shareholder as provided in this Section 5.2, but shall be subject to the restrictions governing the right of a corporation to purchase its own stock and such other pertinent legal restrictions as are now or may hereafter become effective.
Option to Company. The Company shall have the right to elect to purchase any or all of the shares which are the subject of a Mandatory Offer or Notice (the "shares offered") for the price and on the terms set forth in this Agreement. This option shall expire sixty (60) days after receiving a Mandatory Offer or Notice or sixty (60) days after termination of Share- holder's employment, whichever is applicable.
Option to Company. If the Investors do not exercise their right to purchase all of the Offered Stock proposed to be sold, the Company shall have the exclusive right during the period of thirty (30) days next following the twenty (20) day period provided for in subsection 3.2(c) hereof to elect to purchase all (but not less than all) of the Offered Stock proposed to be sold and not purchased by the Investors pursuant to subsection 3.2(c) above in accordance with the Offer Terms and Section 3.2(f). If the Company does not timely deliver notice within such thirty (30) day period to purchase all of the balance of the Offered Stock, it shall be deemed to have irrevocably waived its respective rights to purchase any or all of the Offered Stock unless such sale is not consummated within the 180 day period set forth in Section 3.2(e).
Option to Company. The Managers by Majority Consent of the votes shall have thirty (30) days from receipt of the Offer (the “Company Option Period”) to accept or reject the Offer in full on behalf of the Company on the terms and conditions set forth in the Offer. The Company may elect the payment terms as set forth in the Offer or those payment terms set forth in Section 15.3 hereof.
