Common use of Purchase of Additional Interest Clause in Contracts

Purchase of Additional Interest. At any time during the term of this Agreement and so long as SanDisk is a Shareholder, SanDisk shall have the right to purchase from Toshiba that number of Shares which is equal to 0.1% of the total number of Shares then issued and outstanding in the event that (i) Toshiba’s patent umbrella does not adequately protect the Company or (ii) dissolution of the Company is commenced pursuant to Section 11 hereof. The purchase price of such Shares shall equal [*] as of the date of such transaction.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement of Flash (Sandisk Corp)

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Purchase of Additional Interest. At any time during the term of this Agreement and so long as SanDisk is a ShareholderUnitholder, SanDisk shall have the right to purchase from Toshiba that number of Shares Units which is equal to 0.1% of the total number of Shares Units then issued and outstanding in the event that (i) Toshiba’s 's patent umbrella does not adequately protect the Company or (ii) dissolution of the Company is commenced pursuant to Section 11 Article XI hereof. The purchase price of such Shares Units shall equal [*] 0.1% of the Company's Net Book Value as of the date of such transaction.

Appears in 1 contract

Samples: New Operating Agreement (Sandisk Corp)

Purchase of Additional Interest. At any time during the term of this Agreement and so long as SanDisk is a ShareholderMember, SanDisk shall have the right to purchase from Toshiba that number of Shares which is equal to 0.1% of the total number of Shares Interests then issued and outstanding in the event that (i) Toshiba’s patent umbrella does not adequately protect the Company or (ii) dissolution of the Company is commenced pursuant to Section 11 hereof. The purchase price of such Shares Interests shall equal [***] as of the date of such transaction.

Appears in 1 contract

Samples: Operating Agreement (Western Digital Corp)

Purchase of Additional Interest. At any time during the term of this Agreement and so long as SanDisk is a ShareholderUnitholder, SanDisk shall have the right to purchase from Toshiba that number of Shares Units which is equal to 0.1% of the total number of Shares Units then issued and outstanding in the event that (i) Toshiba’s 's patent umbrella does not adequately protect the Company or (ii) dissolution of the Company is commenced pursuant to Section 11 hereof. The purchase price of such Shares Units shall equal [*] 0.1% of the Company's Net Book Value as of the date of such transaction.

Appears in 1 contract

Samples: Sandisk Corp

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Purchase of Additional Interest. At any time during the term of this Agreement and so long as SanDisk is a Shareholder, SanDisk shall have the right to purchase from Toshiba that number of Shares which is equal to 0.1% of the total number of Shares then issued and outstanding in the event that (i) Toshiba’s 's patent umbrella does not adequately protect the Company or (ii) dissolution of the Company is commenced pursuant to Section 11 hereof. The purchase price of such Shares shall equal [***] as of the date of such transaction.

Appears in 1 contract

Samples: Operating Agreement (Western Digital Corp)

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