Refund of Option Consideration Sample Clauses

Refund of Option Consideration. For (a) each Pending Application still subject to the Option for which there has been an FCC Action, and (b) each Pending Application for which no FCC License has been granted at the Expiration Time, provided that in each case that the 50% Grant has not occurred, HITN shall (i) in the event of an FCC Action, to the extent that the shares of the Equity Consideration remains undelivered, HITN shall provide written notice to Clearwire of HITN's election to cancel its right to receive that number of shares of Equity Consideration equal to the Option Consideration with respect to the Market covered by such Pending Application as set forth in Annex I divided by $1.00 or reimburse Clearwire an amount equal to the portion of the Cash Consideration advanced to HITN for the Option with respect to the Market covered by such Pending Application as set forth on Annex I; or (ii) at the Expiration Time, refund to Clearwire any Cash Consideration which has not been "earned" as provided in this Agreement and no additional Equity Consideration shall be issued. Any Cash Consideration refunded to Clearwire pursuant to this Section 1.06 shall be payable in equal monthly installments amortized equally over a period of sixty (60) months beginning no later than sixty (60) days following HITN's notification of such FCC Action or the Expiration Time, as the case may be, as a credit to the monthly royalty fee payable by Clearwire (or one or more of its subsidiaries) pursuant to one or more of the IUAs between HITN and Fixed Wireless Holdings, LLC dated November 13, 2003 and/or one or more of the IUAs entered into pursuant to this Agreement until such amount refund has been paid back in full; provided, however, that if there is no such IUA in force or effect at such time, then HITN will pay to Clearwire an amount equal to the unpaid portion of the refund in cash or immediately available funds; provided, further that if the 50% Grant occurs after such time as there have been refunds payments of cash or cancellations of rights to receive shares of Equity Consideration by HITN in favor of Clearwire pursuant hereto, then HITN shall be entitled to receive prompt repayment of any such amounts or reinstatement of any such rights, as the case may be.
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Related to Refund of Option Consideration

  • Option Consideration (a) (i) Owner hereby grants to the Operating Partnership an option (the “Option”) to acquire Owner’s interest in the leasehold estate created by the Ground Lease and all hereditaments thereto and all of Owner’s assets (other than Excluded Assets) as of the Valuation Date (collectively, the “Assets”) for the Consideration determined in accordance with Section 2(b), subject to closing adjustments as provided herein.

  • Acquisition Consideration (a) The consideration (the "ACQUISITION CONSIDERATION") to be received by each Grantor in respect of the contribution of the Grantor's Interests to the Operating Partnership shall be an amount equal to $100.00 (one hundred dollars). The Acquisition Consideration shall be paid in the form of a combination of (i) cash and/or (ii) units of limited partnership interest in the Operating Partnership ("OP UNITS"), in the percentages and allocations set forth on Schedule B attached hereto. To the extent a percentage of the Acquisition Consideration includes one or more OP Units, as set forth on Schedule B, the number of OP Units the Grantor shall be entitled to receive upon the exercise of the Option with respect to such percentage shall equal the quotient of

  • Transaction Consideration The Transaction Consideration;

  • Stock Consideration 3 subsidiary...................................................................53

  • Cash Consideration In case of the issuance or sale of additional Shares for cash, the consideration received by the Company therefor shall be deemed to be the amount of cash received by the Company for such Shares (or, if such Shares are offered by the Company for subscription, the subscription price, or, if such Shares are sold to underwriters or dealers for public offering without a subscription offering, the public offering price), without deducting therefrom any compensation or discount paid or allowed to underwriters or dealers or others performing similar services or for any expenses incurred in connection therewith.

  • Non-Cash Consideration In the case of the offering of securities for a consideration in whole or in part other than cash, including securities acquired in exchange therefor (other than securities by their terms so exchangeable), the consideration other than cash shall be deemed to be the fair value thereof as determined by the Board of Directors; provided, however, that such fair value as determined by the Board of Directors shall not exceed the aggregate market price of the securities being offered as of the date the Board of Directors authorizes the offering of such securities.

  • Earn-Out Consideration (a) If the earnings before taxes (the "EBT") of the Company for the twelve months ending December 31, 1998, increased by amounts in respect of those items set forth on Schedule 2.5 that affected net income during the period from January 1, 1998 through the Closing Date and decreased by the amount of UniCapital corporate overhead allocated to the Company for the period from the Closing Date through December 31, 1998 (the "Adjusted 1998 EBT"), exceeds the EBT of the Company for the twelve months ending December 31, 1997, inclusive of the add-backs set forth on Schedule 2.5 (the "Adjusted 1997 EBT"), then the Stockholders shall be entitled to receive one-half of the difference between the Adjusted 1998 EBT and the Adjusted 1997 EBT.

  • Purchase Consideration The consideration payable in connection with a purchase transaction shall be debited from the appropriate deposit account of the Portfolio as of the time and date that funds would ordinarily be required to settle the transaction in the applicable market. The Custodian shall promptly recredit the amount at the time that the Portfolio or the Fund notifies the Custodian by Proper Instruction that the transaction has been canceled.

  • Payment of Option Price The purchase price of Common Stock upon exercise of this Option shall be paid in full to the Corporation at the time of the exercise of the Option in cash or by the surrender to the Corporation of shares of previously acquired Common Stock which shall have been held by the Participant for at least six (6) months and which shall be valued at Fair Market Value on the date the Option is exercised, or by a combination of cash and such Common Stock.

  • Purchase Price; Consideration Purchaser shall, on the date hereof (the “Closing Date”), issue to Seller a promissory note, substantially in the form attached hereto as Exhibit B, in the sum of Fifteen Thousand Dollars ($15,000) (the “Promissory Note”) as the consideration for the Ownership Interests.

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