Common use of Re-Purchase Procedure Clause in Contracts

Re-Purchase Procedure. The time that a Management Member shall cease to be employed by the Company or any of its Affiliates, other than for Cause, shall constitute a Trigger Event. The Company (or its designees) shall have the right and option, exercisable at any time within 30 days after a final determination of the Repurchase Fair Market Value of the Membership Interest has been made, to purchase all such Management Member’s Membership Interest. Any exercise by the Company (or its designees) shall be effected by the giving of written notice to the Management Member in question by the Company, on its own behalf and/or on behalf of its designees, as the case may be, signed by an officer of the Company, prior to the end of the 30-day period (and such notice shall be effective when given). Such notice shall indicate the purchase price for such Membership Interest and shall set forth a time and place of closing of the re-purchase option by the Company (or Active 14598351.7 41 its designees), which closing shall be no earlier than 10 days and no later than 30 days after the date of such notice.

Re-Purchase Procedure. The time that a Management Member shall cease to be employed by the Company or any of its Affiliates, other than for Cause, shall constitute a Trigger Event. The Company (or its designees) shall have the right and option, exercisable at any time within 30 days after a final determination of the Repurchase Fair Market Value of the Membership Interest has been made, to purchase all such Management Member’s Membership Interest. Any exercise by the Company (or its designees) shall be effected by the giving of written notice to the Management Member in question by the Company, on its own behalf and/or on behalf of its designees, as the case may be, signed by an officer of the Company, prior to the end of the 30-day period (and such notice shall be effective when given). Such notice shall indicate the purchase price for such Membership Interest and shall set forth a time and place of closing of the re-purchase option by the Company (or Active 14598351.7 41 its designees), which closing shall be no earlier than 10 days and no later than 30 days after the date of such notice.

Re-Purchase Procedure. The time that a Management Member shall cease to be employed by the Company or any of its Affiliates, other than for Cause, shall constitute a Trigger Event. The Company (or its designees) shall have the right and option, exercisable at any time within 30 days after a final determination of the Repurchase Fair Market Value of the Membership Interest has been made, to purchase all such Management Member’s Membership Interest. Any exercise by the Company (or its designees) shall be effected by the giving of written notice to the Management Member in question by the Company, on its own behalf and/or on behalf of its designees, as the case may be, signed by an officer of the Company, prior to the end of the 30-day period (and such notice shall be effective when given). 40 Such notice shall indicate the purchase price for such Membership Interest and shall set forth a time and place of closing of the re-purchase option by the Company (or Active 14598351.7 41 its designees), which closing shall be no earlier than 10 days and no later than 30 days after the date of such notice.