PURCHASE OF MAINTENANCE SECURITIES. SSI shall have 15 business days from the receipt of a Maintenance Notice to elect to purchase up to SSI's Maintenance Amount of such Maintenance Securities at the Purchase Price as defined in Section 5.3 and upon the terms and conditions specified in the Maintenance Notice. The closing of such purchase shall occur within 5 business days after such election to purchase. If SSI fails to elect to purchase SSI's full Maintenance Amount of Maintenance Securities within such 15 business day period, then SSI shall forfeit the right hereunder to purchase that part of SSI's Maintenance Amount that it did not so elect to purchase.
Appears in 7 contracts
Samples: Stockholder Agreement (Seagate Technology Inc), Stockholder Agreement (Seagate Software Inc), Stockholder Agreement (Veritas Holding Corp)
