Common use of Repurchase at the Option of Grantee Clause in Contracts

Repurchase at the Option of Grantee. (a) At the request of the Grantee made at any time and from time to time after the occurrence of an Exercise Event and prior to the earlier of (i) 120 days after the expiration of the Option Term and (ii) 120 days after the conditions to the payment by the Company of the additional $150 million fee under Section 9.5 of the Merger Agreement shall have occurred (the "Put Period"), the Company (or any successor thereto) shall, at the election of the Grantee (the "Put Right"), repurchase from the Grantee (i) that portion of the Option relating to all or any part of the Unexercised Option Shares (or as to which the Option has been exercised but the Closing has not occurred) and (ii) all or any portion of the shares of Company Common Stock purchased by the Grantee pursuant hereto and with respect to which the Grantee then has ownership. The date on which the Grantee exercises its rights under this Section 5 is referred to as the "Put Date." Such repurchase shall be at an aggregate price (the "Put Consideration") equal to the sum of:

Appears in 3 contracts

Samples: Stock Option Agreement (Baker Hughes Inc), Stock Option Agreement (Baker Hughes Inc), Stock Option Agreement (Western Atlas Inc)

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Repurchase at the Option of Grantee. (a) At the request of the Grantee made at any time and from time to time after the occurrence during a period of an Exercise Event and prior to the earlier of sixty (i60) 120 days after the expiration of the Option Term and (iitermination fee for which provision is made in Section 9.05(d) 120 days after the conditions to the payment by the Company of the additional $150 million fee under Section 9.5 of the Merger Agreement shall have occurred becomes payable (the "Put Period"), the Company (or any successor thereto) shall, at the election of the Grantee (the "Put Right"), repurchase from the Grantee (i) that all or any portion of the Option relating to all or any part of the Unexercised Option Shares that then remains unexercised (or as to which the Option has been exercised but the Closing has not occurred) and (ii) all or any portion of the shares of Company Common Stock purchased by the Grantee pursuant hereto and with respect to which the Grantee then has ownershipBeneficial Ownership. The date on which the Grantee exercises its rights under this Section 5 4 is referred to as the "Put Date." Such repurchase shall be at an aggregate price (the "Put Consideration") equal to the sum of:

Appears in 2 contracts

Samples: Stock Option Agreement (Dresser Industries Inc /De/), Stock Option Agreement (Halliburton Co)

Repurchase at the Option of Grantee. (a) At the request of the Grantee made at any time and from time to time after the occurrence of an Exercise Event and prior to the earlier of (i) 120 days after the expiration of the Anadarko Stock Option Term and (ii) 120 days after the conditions to the payment by the Company Anadarko of the additional $150 100 million fee under Section 9.5 7.5(b) of the Merger Agreement shall have occurred (the "Put Period"), the Company Anadarko (or any successor thereto) shall, at the election of the Grantee (the "Put Right"), repurchase from the Grantee (i) that portion of the Anadarko Stock Option relating to all or any part of the Unexercised Anadarko Stock Option Shares (or as to which the Anadarko Stock Option has been exercised but the Closing has not occurred) and (ii) all or any portion of the shares of Company Common Anadarko Stock Option Shares purchased by the Grantee pursuant hereto and with respect to which the Grantee then has ownership. The date on which the Grantee exercises its rights under this Section 5 is referred to as the "Put Date." Such repurchase shall be at an aggregate price (the "Put Consideration") equal to the sum of:

Appears in 1 contract

Samples: Anadarko Stock Option Agreement (Union Pacific Resources Group Inc)

Repurchase at the Option of Grantee. (a) At the request of the Grantee made at any time and from time to time after the occurrence of an Exercise Event and prior to the earlier of (i) 120 days after the expiration of the UPR Stock Option Term and (ii) 120 days after the conditions to the payment by the Company UPR of the additional $150 100 million fee under Section 9.5 7.5(a) of the Merger Agreement shall have occurred (the "Put Period"), the Company UPR (or any successor thereto) shall, at the election of the Grantee (the "Put Right"), repurchase from the Grantee (i) that portion of the UPR Stock Option relating to all or any part of the Unexercised UPR Stock Option Shares (or as to which the UPR Stock Option has been exercised but the Closing has not occurred) and (ii) all or any portion of the shares of Company Common UPR Stock Option Shares purchased by the Grantee pursuant hereto and with respect to which the Grantee then has ownership. The date on which the Grantee exercises its rights under this Section 5 is referred to as the "Put Date." Such repurchase shall be at an aggregate price (the "Put Consideration") equal to the sum of:

Appears in 1 contract

Samples: Stock Option Agreement (Union Pacific Resources Group Inc)

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Repurchase at the Option of Grantee. (a) At the request of the Grantee made at any time and from time to time after the occurrence of an Exercise Event and prior to the earlier of (i) 120 days after the expiration of the UPR Stock Option Term and (ii) 120 days after the conditions to the payment by the Company UPR of the additional $150 100 million fee under Section 9.5 7.5(a) of the Merger Agreement shall have occurred (the "Put PeriodPUT PERIOD"), the Company UPR (or any successor thereto) shall, at the election of the Grantee (the "Put RightPUT RIGHT"), repurchase from the Grantee (i) that portion of the UPR Stock Option relating to all or any part of the Unexercised UPR Stock Option Shares (or as to which the UPR Stock Option has been exercised but the Closing has not occurred) and (ii) all or any portion of the shares of Company Common UPR Stock Option Shares purchased by the Grantee pursuant hereto and with respect to which the Grantee then has ownership. The date on which the Grantee exercises its rights under this Section 5 is referred to as the "Put DatePUT DATE." Such repurchase shall be at an aggregate price (the "Put ConsiderationPUT CONSIDERATION") equal to the sum of:

Appears in 1 contract

Samples: Stock Option Agreement (Anadarko Petroleum Corp)

Repurchase at the Option of Grantee. (a) At the request of the Grantee made at any time and from time to time after the occurrence of an Exercise Event and prior to the earlier of (i) 120 days after the expiration of the Anadarko Stock Option Term and (ii) 120 days after the conditions to the payment by the Company Anadarko of the additional $150 100 million fee under Section 9.5 7.5(b) of the Merger Agreement shall have occurred (the "Put PeriodPUT PERIOD"), the Company Anadarko (or any successor thereto) shall, at the election of the Grantee (the "Put RightPUT RIGHT"), repurchase from the Grantee (i) that portion of the Anadarko Stock Option relating to all or any part of the Unexercised Anadarko Stock Option Shares (or as to which the Anadarko Stock Option has been exercised but the Closing has not occurred) and (ii) all or any portion of the shares of Company Common Anadarko Stock Option Shares purchased by the Grantee pursuant hereto and with respect to which the Grantee then has ownership. The date on which the Grantee exercises its rights under this Section 5 is referred to as the "Put DatePUT DATE." Such repurchase shall be at an aggregate price (the "Put ConsiderationPUT CONSIDERATION") equal to the sum of:

Appears in 1 contract

Samples: Conformed Copy (Anadarko Petroleum Corp)

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