Purchase by Corporation. Whenever the Corporation shall, pursuant to this Agreement, be required to purchase shares of the capital stock of the Corporation, the Stockholders and the Personal Representative of any Decedent shall do all things and execute and deliver all papers as may be necessary to consummate such purchase. Any note required to be given hereunder by the Corporation as part of the purchase price shall be endorsed and guaranteed by the remaining or surviving Stockholders, who shall not be discharged from such liability by reason of the subsequent extension, modification or renewal of any such note. Until all amounts due are paid, the stock certificates and a UCC-1 Financing Statement (to be recorded) shall be delivered to Seller.
Purchase by Corporation. In the event the Corporation denies or fails to approve as provided above a proposed Transfer to a third party of all or any portion of a Stockholder's Stock, then the Corporation shall purchase such Stock at such price as is determined in accordance with the provisions of Paragraph 5 and upon the terms and conditions of Paragraph 6 hereof.
Purchase by Corporation. (i) Subject to the Act, the Corporation shall have the right to purchase, not later than 60 days following the Triggering Event, the Shares held by the Defaulting Shareholder and his Related Shareholders at a purchase price determined in accordance with Section 8.03.
(ii) All of the Shares held by the Defaulting Shareholder and his Related Shareholders that the Corporation is unwilling or unable to purchase pursuant to Section 8.02(a)(i) (the "Unsold Shares") shall be offered to the Other Shareholders and the number of such Unsold Shares offered to each of the Other Shareholders shall be that number of Unsold Shares which bear the same relationship to the total number of Unsold Shares as the number of Shares held by each such Other Shareholder bear to the total number of outstanding Shares excluding the Unsold Shares. The Other Shareholders agree to structure the purchase of the Unsold Shares in the most tax effective manner possible in the event of the death or Disability of a Shareholder or its Related Individual including purchasing the shares of the Defaulting Shareholder's holding company from his estate rather than the holding company's shares of the Corporation.
Purchase by Corporation. The Corporation may from time to time purchase Subscription Receipts in the open market, by private agreement or otherwise, any such purchase may be made in such manner, from such persons, at such prices and on such terms as the Corporation in the sole discretion thereof may determine. Subscription Receipt Certificates representing Subscription Receipts purchased by the Corporation pursuant to this subsection 2.02(a) shall be surrendered to the Subscription Receipt Agent for cancellation and shall be accompanied by a Written Direction of the Corporation to cancel the Subscription Receipts represented thereby.
Purchase by Corporation. Upon the death of any individual Shareholder, the Corporation will be obligated to purchase the Stock owned by the deceased Shareholder, and the estate of said Shareholder will sell all such shares of Stock now owned or hereafter acquired by such Shareholder or his or her spouse, if any.
Purchase by Corporation. Upon the mailing of a valid Disposition Notice, the Corporation shall have the exclusive right and option, exercisable at any time within one hundred twenty (120) days after the mailing of a Disposition Notice, to purchase all or part of the Disposing Shareholder's shares of Stock at the Purchase Price and on the terms and conditions set forth herein. If the Corporation chooses to exercise the option (in whole or in part), it shall give written notification (the "CORPORATE EXERCISE NOTICE") to that effect to the Disposing Shareholder or his or her legal representative, as the case may be, setting forth the number and type of shares being purchased and the price and terms and conditions, in accordance with this Agreement, and such sale and purchase shall be closed on the one hundred twentieth (120th) day after the Corporate Exercise Notice is sent to the Disposing Shareholder or to his or her legal representative (or, if such date is not a business day, on the first business day thereafter).
Purchase by Corporation. The Corporation may from time to time purchase FT Subscription Receipts in the open market, by private agreement or otherwise, any such purchase may be made in such manner, from such Persons, at such prices and on such terms as the Corporation in its sole discretion may determine. FT Subscription Receipt Certificates representing FT Subscription Receipts purchased by the Corporation pursuant to this Section 2.2(b) shall be surrendered to the FT Subscription Receipt Agent for cancellation and shall be accompanied by a Written Direction of the Corporation to cancel the FT Subscription Receipts represented thereby.
Purchase by Corporation. The Corporation may purchase for cancellation at any time all, or from time to time any part, of the Series 1 Shares outstanding, by private contract at any price, with the unanimous consent of the holders of the Series 1 Shares then outstanding, or by invitation for tenders addressed to all the holders of the Series 1 Shares at the lowest price at which, in the opinion of the directors, such shares are obtainable but not exceeding the Series 1 Redemption Amount per Series 1 Share. If less than all of the Series 1 Shares represented by any certificate be purchased for cancellation, a new certificate for the balance shall be issued.
Purchase by Corporation. The Corporation may from time to time purchase Warrants, by private agreement or otherwise and any such purchase may be made in such manner, from such persons, at such prices and on such terms as the Corporation in its sole discretion may determine. Warrant Certificates representing Warrants purchased pursuant to this Section shall be surrendered to the Warrant Agent for cancellation and shall be accompanied by a Written Direction of the Corporation to cancel the Warrants represented thereby.
Purchase by Corporation. The Corporation may from time to time purchase Special Warrants by private agreement or otherwise, any such purchase may be made in such manner, from such persons, at such prices and on such terms as the Corporation in its sole discretion may determine. Special Warrant Certificates representing Special Warrants purchased by the Corporation pursuant to this subsection 2.2(c) shall be surrendered to the Trustee for cancellation and shall be accompanied by a Written Direction of the Corporation to cancel the Special Warrants represented thereby.
