Repurchase Conditions Sample Clauses

Repurchase Conditions. 2.1 If the lessee has the following event of default under Contract for Financial Leasing, the lessor has the right to require the repurchaser to perform repurchase duty: (1) The whole or part of rents of current period of lessee exceeds 30 natural days; (2) Serious quality or technical problems exist in the lease hold, but the lessee and repurchaser, through common written confirmation, confirm that it is impossible to achieve leasing purpose; (3) Any statement or guarantee made to lessor by lessee in Contract for Financial Leasing or the documents related to Contract for Financial Leasing isn't true and comprehensive; (4) The lessee violates the Article 8 of Contract for Financial Leasing on the ownership of lessor on equipment leasing about the clause that it is not allowed to move away, cover or set the xxxx of owner, refusing lessor to inspect the leased equipment or voluntarily carrying out connexio, mixing and processing on leased equipment without written consent of lessor, etc., no measures are taken to correct within 10 days after written notice of lessor; (5) The lessee violates the Article 9 of Contract for Financial Leasing about the regulation of leased equipment possession and use;
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Repurchase Conditions. The satisfaction of each of the following conditions:
Sample 1
Repurchase Conditions. The repurchase price for each Unvested Common Share shall be (i) in the event of (i) termination of the Continuous Service for Cause or (ii) unauthorized exercise of voting rights associated with Unvested Common Shares, the lower of the Fair Market Value of the Common Shares on the date of exercise of the Repurchase Option or the Nominal Value; (ii) in the event of discontinuation of the Continuous Service as a result of resignation of the Manager, the Nominal Value; (iii) in the event of discontinuation of the Continuous Service as a result of Disability or death, the Fair Market Value; (iv) in the event of discontinuation of the Continuous Service for any other reason not set forth in paragraphs (i) through (iii), the Nominal Value; (v) in the event of a Corporate Transaction, the Fair Market Value. Any Repurchase Option shall be exercised for cash, subject to the Company's right to set-off the Repurchase Option price against any claim the Company or any of its Affiliates may have against the Manager. Any Repurchase Option shall be exercised by the Company, as applicable, (i) within ninety (90) days following an event of termination of Continuous Service; (ii) within thirty (30) days following a Corporate Transaction; (iii) within thirty (30) days after the unauthorized exercise of voting rights associated with Unvested Common Shares; or (iv) such longer period as agreed by the Parties. If, in case of a demerger of the Company in the context of a Change of Control, the Manager does not own shares of the Entity to be sold, the Manager shall be treated as if he (also) had shares of the Entity to be sold and the Board shall make the necessary adjustments.
Sample 1
Repurchase Conditions. Party A shall be entitled to require Party B to perform repurchase obligation immediately or in designated period after the satisfaction of any one of the conditions below (whichever comes the early): 1. Party A holds equity of the Subject Company until Dec. 31, 2021. 2. Before performing the repurchase obligation period as agreed in previous sections, Xi’an Huaxin New Energy Co., Ltd. is delisted from NEEQ. 3. Any of Xi’an Huaxin New Energy Co., Ltd., Party B or their affiliated parties has substantial credit problems, such as, it is not feasible to issue audit reports, or issuing an audit report without no-reservation opinions, and the actual controller, executives or other person alleged to commit criminal offense and are transferred for prosecution(or other conditions when Party A believes the occurrence of any major integrity issues). 4. If Party B1 fails to make the payment or interest as agreed in Entrusted Loan Agreement or its Supplementary Agreement, the Extension Agreement, etc. 5. In case of any substantial breach of transaction documents relevant to the Loan Settlement Agreement (including but not limited to Loan Settlement Agreement, Equity Transfer Agreement, Mortgage Transfer Agreement, Entrusted Loan Contract and all the guarantee contracts, supplementary contract and other commitments, etc. thereof) by Party B or any other parties of the Loan Settlement Agreement. All Party B shall pay the lump-sum repurchase price to Party A within 30 days after the date of notice on repurchase obligation performance requirement issued by Party A. The repurchase price shall be the price in the written notice of Party A.
Sample 1
Repurchase Conditions. The repurchase price for each Unvested Common Share shall be (i) in the event of (i) termination of the Continuous Service for Cause or (ii) unauthorized exercise of voting rights associated with Unvested Common Shares, the lower of the Fair Market Value of the Common Shares on the date of exercise of the Repurchase Option or the Nominal Value; (ii) in the event of discontinuation of the Continuous Service as a result of resignation of the Manager, the Nominal Value; (iii) in the event of discontinuation of the Continuous Service as a result of Disability or death, the Fair Market Value; (iv) in the event of discontinuation of the Continuous Service for any other reason not set forth in paragraphs (i) through (iii), the Nominal Value; (v) in the event of a Corporate Transaction, the Fair Market Value; or (vi) in the event (1) the Company fails to complete the Second Tranche Closing by June 30, 2021 or (2) a Change of Control or a Second Tranche Private Placement is completed prior to the Second Tranche Closing, the cost incurred by the Manager in connection with the purchase of the Second Tranche Common Shares. Any Repurchase Option shall be exercised for cash, subject to the Company's right to set-off the Repurchase Option price against any claim the Company or any of its Affiliates may have against the Manager. Any Repurchase Option shall be exercised by the Company, as applicable, (i) within ninety (90) days following an event of termination of Continuous Service;
Sample 1

Related to Repurchase Conditions

  • Release Conditions As used in this Agreement, "Release Conditions" shall mean the following:

  • Payment Conditions The price of the whole accommodation service booked is always payable by the Guest in advance, at the latest upon arrival in the hotel. Set-off by the Guest is excluded unless the set- off relates to an undisputed or legally confirmed claim. Valid means of payment are cash in Euros, EC card, Master Card, Visa Card, Diners Card and American Express. For payment settlement we use the 3D Secure 2.0 system for secure and additional customer authorisation. For further information on data processing for payment transactions see xxxxx://xxx.xxxxx-xxx.xxx/en/data-privacy/.

  • Safe Conditions Whenever an employee reports a condition which the employee feels represents a violation of safety or health rules and regulations or which is an unreasonable hazard to persons or property, such conditions shall be promptly investigated. The appropriate administrator shall reply to the concern, in writing, if the employee's concern is communicated in writing.

  • Satisfaction of Conditions The conditions precedent set out in Section 6.1, Section 6.2 and Section 6.3 shall be conclusively deemed to have been satisfied, waived or released at the Effective Time.

  • Termination Conditions Such license shall not be terminated or its exploitation enjoined, until and unless: (i) Hitachi has committed a material breach of its obligations under this IP License Agreement, Opto-Device has given written notice of such breach to Hitachi and such breach remains uncured after the Cure Period, or, in the case of a breach, which cannot be cured within such Cure Period, Hitachi has not instituted within such Cure Period steps necessary to remedy the default and/or thereafter has not diligently pursued the same to completion; or (ii) such a material breach is incurable. In the event the breach is a curable breach that cannot be cured within the Cure Period but with respect to which Hitachi has instituted steps necessary to remedy the default and is thereafter diligently pursuing such cure, both parties shall negotiate to determine whether further pursuit of such cure is reasonable. If the parties cannot agree on a resolution in such negotiations, then this issue shall be referred to arbitration pursuant to the arbitration procedures set forth in Exhibit B hereto to decide whether such breach can be cured or any other alternative remedy should be adopted. In the event the breach is an incurable breach, the parties agree that the matter shall be referred to arbitration pursuant to the arbitration procedures set forth in Exhibit B hereto to determine the appropriate remedy. In the event that either party submits the dispute to arbitration, both parties shall cooperate in such binding arbitration in accordance with Exhibit B.

  • Delivery Conditions (a) The Delivery Conditions are as follows: (i) At Seller’s expense, Seller shall have secured all Governmental and grid operations approvals as are necessary for the safe and lawful operation and maintenance of the Project and to enable Seller to deliver Distribution Services at the Initial Contract Capacity to Buyer. (ii) Seller shall have posted collateral as required by Section 10.4(a)(ii). (iii) Seller shall have submitted for Buyer’s review a Project Safety Plan incorporating the elements described in Appendix XII, which must demonstrate Seller’s ability to comply with the Safety Requirements on the IDD and for the Delivery Term. (iv) Seller shall have delivered to Buyer the Safety Attestation in accordance with Section 2(a) of Appendix XIV. (v) As of the IDD, no Seller’s Event of Default shall have occurred and remain uncured. (vi) At Seller’s expense, Seller or Contractor shall have constructed or caused to be constructed the Project as of the IDD and submitted the Certification for Commercial Operation in Appendix VII-A to enable (A) Seller to satisfy the obligations of the Seller herein and (B) the Project to deliver Distribution Services at the Contract Capacity to Buyer. (vii) At Seller’s expense, Seller shall have installed any necessary metering to deliver the applicable Distribution Services in accordance with Section 4.1 and any applicable tariffs of the Utility Distribution Company. (viii) Seller shall have met each Critical Milestone set forth in Appendix VI pursuant to Section 2.3.

  • Fulfillment of Conditions Purchaser (a) shall take all commercially reasonable steps necessary or desirable and proceed diligently and in good faith to satisfy each other condition to the obligations of Seller contained in this Agreement, and (b) shall not, and shall not permit any of its Affiliates to, take or fail to take any action that would reasonably be expected to result in the non-fulfillment of any such condition.

  • Test conditions 6.1.1. The test shall be performed on a flat, dry concrete or asphalt surface affording good adhesion. 6.1.2. The ambient temperature shall be between 0°C and 45°C. 6.1.3. The horizontal visibility range shall allow the target to be observed throughout the test.

  • Site Conditions A. Existing Site Conditions: Information with respect to the site of the Work given in drawings or specifications has been obtained by County's representatives and is believed to be reasonably correct, but the County does not warrant either the completeness or accuracy of such information, and it is the responsibility of the Contractor to verify all such information.

  • Performance Conditions The Shares shall be issuable only if (and to the extent) that the Performance Criteria, set forth herein, are satisfied during the Performance Period. The Controller of the Company and the Compensation Committee of the Board of Directors of the Company shall certify whether, and to what extent, the Performance Criteria have been achieved. If the minimum performance is not met, no Shares shall be issued and the Award shall be forfeited.

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