Purchaser Call Option Sample Clauses
A Purchaser Call Option is a contractual provision that grants the buyer the right, but not the obligation, to purchase a specified asset or interest from the seller under predetermined terms. Typically, this clause outlines the conditions under which the buyer can exercise the option, such as timeframes, pricing mechanisms, and notice requirements. Its core practical function is to provide the purchaser with flexibility and control over the timing and execution of the acquisition, thereby managing risk and ensuring the buyer can secure the asset if desired.
Purchaser Call Option. Each issued and outstanding Subordinate Voting Share shall, without any action by the holder, be subject to the terms of the Plan of Arrangement (as defined below) and the Purchaser Call Option (as defined below) granted pursuant to the Plan of Arrangement. For the purposes of these Subordinate Voting Share rights:
Purchaser Call Option. Each issued and outstanding New Subordinate Share shall, without any action by the holder, be subject to the terms of the Amended Plan of Arrangement (as defined below) and the Purchaser Call Option (as defined below) granted pursuant to the Amended Plan of Arrangement. For the purposes of these New Subordinate Share special rights and restrictions:
Purchaser Call Option. (a) On and with effect from the date of receipt of the Transaction Approvals for the acquisition by the Purchaser of 51% of the Share Capital, the Purchaser shall have the right to acquire 1,001 Sale Shares from the Founders collectively (such Sale Shares the “Purchaser Call Option Shares”, and such right the “Purchaser Call Option”) at the relevant proportion of the Purchase Price thereof (being a sum of INR 20,501 per Sale Share), by delivering a written notice to the Founders of their irrevocable intention to exercise the Purchaser Call Option (the “Purchaser Call Option Notice”). Simultaneously with the delivery of the Purchaser Call Option Notice, the Purchaser and the Sellers shall issue necessary instructions to the escrow agent appointed for the purpose of opening the Share Escrow Account, to open the Share Escrow Account.
(b) Within 10 (ten) Business Days of the receipt of the Purchaser Call Option Notice, the Founders shall sell the Purchaser Call Option Shares at the aforementioned price to the Purchaser. The issuance of the Purchaser Call Option Notice by the Purchaser shall, subject to Applicable Law and the provisions of this Agreement, constitute a valid and binding obligation on the Founders to (A) forthwith issue, and procure the issuance from the other Sellers of, the necessary instructions to the escrow agent appointed for the purpose of opening the Share Escrow Account, to open the Share Escrow Account, and (B) sell the Purchaser Call Option Shares to the Purchaser in accordance with this Clause 3.1A. It is clarified that the Founders shall not be required to transfer the Purchaser Call Option Shares to the Purchaser, in the event (i) the Sellers have fully complied with their obligations under Clause 3.1A(b)(A), but the Share Escrow Account has not been opened in terms of the escrow agreement in relation thereto; (ii) any other Shareholders from whom the Founders are entitled to acquire any Equity Shares in accordance with any agreements to this effect, are in breach of their obligations to transfer their Equity Shares to the Founders in accordance with such agreements.
(c) Any default by any of the Founders in not fulfilling any of his obligations set out in this Clause 3.1A with respect to a Purchaser Call Option when exercised in accordance with and upon satisfaction of the requirements set out in this Clause 3.1A (excluding any act or omission attributable to such Founder) shall constitute a default by such Founder in terms of Clau...
Purchaser Call Option. Section 2.1 Call Option Section 2.2 Call Purchase Price
Purchaser Call Option. During the Option Exercise Period, upon delivery of written notice to Seller (the “Call Option Notice”), Purchaser may cause EPCOS Germany to sell all (but not less than all) of the Retained JV Interests to Purchaser (or, at the election of Purchaser, an Affiliate of Purchaser) at the Option Price less any Withholding Taxes deducted pursuant to Section 2.8 (the “Purchaser Call Option”).
Purchaser Call Option. Section 2.1 Call Option Section 2.2 Call Purchase Price Section 2.3 Exercise of Call Option
Purchaser Call Option. The Purchaser shall have the option (the “Purchaser Call Option”) of requiring the Stockholders to sell to it, at the Applicable Purchase Price determined as specified in Section 4(d) below, all (but not less than all) of the Stock then owned by the Stockholders. Exercise by the Purchaser of the Purchaser Call Option shall be made in a writing (the “Purchaser Exercise Notice”) delivered to the Stockholders within the Call Period, as specified in Section 4(b) below.
Purchaser Call Option