Repurchase of Option. (a) At any time after the occurrence of a Repurchase Event (defined below): (i) at the request of Holder, delivered prior to an Exercise Termination Event (or such later period as provided in Section 10), Issuer (or any successor to Issuer) shall repurchase the Option from Holder at a price (the "OPTION REPURCHASE PRICE") equal to the amount by which (x) the market/offer price (as defined below) exceeds (y) the Option Price, multiplied by the number of shares for which this Option may then be exercised; and (ii) at the request of the owner of Option Shares from time to time (the "OWNER"), delivered prior to an Exercise Termination Event (or such later period as provided in Section 10), Issuer (or any successor to Issuer) shall repurchase such number of the Option Shares from Owner as Owner shall designate at a price (the "OPTION SHARE REPURCHASE PRICE") equal to the market/offer price multiplied by the number of Option Shares so designated. The term "
Repurchase of Option. (a) Notwithstanding the provisions of Section 2(a), at any time commencing upon the first occurrence of a Purchase Event and ending upon termination of this Option in accordance with Section 2, Issuer (or any successor entity thereof) shall at the request of Grantee (any such request, a "Cash Exercise Notice"), repurchase from Grantee the Option or a portion thereof (if and to the extent not previously exercised or terminated) at a price which, subject to Section 10 below, is equal to the excess, if any, of (x) the Applicable Price (as defined below) as of the Section 7 Request Date (as defined below) for a Share over (y) the Purchase Price (subject to adjustment pursuant to Section 6), multiplied by all or such portion of the Option Shares subject to the Option as the Grantee shall specify in the Cash Exercise Notice (the "Option Repurchase Price").
Repurchase of Option. (a) From and after a Repurchase Event (as defined below), (i) following a request of the Holder, delivered prior to an Exercise Termination Event, Issuer (or any successor thereto) shall repurchase the Option from the Holder at a price (the "Option Repurchase Price") equal to the amount by which (x) the Market/Offer Price (as defined below) exceeds (y) the Option Price, multiplied by the number of shares for which this Option may then be exercised and (ii) at the request of the owner of Option Shares from time to time (the "Owner"), delivered within 90 days of such occurrence (or such later period as provided in Section 10), Issuer shall repurchase such number of Option Shares from the Owner as the Owner shall designate at a price (the "Option Share Repurchase Price") equal to the Market/Offer Price multiplied by the number of Option Shares so designated, provided, however, that the Option Purchase Price and Option Share Repurchase Price shall be subject to the limitations set forth in Section 24. The term "Market/Offer Price" shall mean the highest of (i) the price per share of Common Stock at which a tender offer or exchange offer therefor has been made, (ii) the price per share of Common Stock to be paid by any third party pursuant to an agreement with Issuer, (iii) the highest closing price for shares of Common Stock within the six-month period immediately preceding the date the Holder gives notice of the required repurchase of this Option or the Owner gives notice of the required repurchase of Option Shares, as the case may be, and (iv) in the event of a sale of all or a substantial portion of Issuer's assets, the sum of the price paid in such sale for such assets and the current market value of the remaining assets of Issuer, less the current market value of the remaining liabilities of Issuer, each such value as determined by a nationally recognized investment banking firm selected by the Holder or the Owner, as the case may be, and reasonably acceptable to the Issuer, divided by the number of shares of Common Stock of Issuer outstanding at the time of such sale. In determining the Market/Offer Price, the value of consideration other than cash shall be determined by a nationally recognized investment banking firm selected by the Holder or Owner, as the case may be, and reasonably acceptable to the Issuer.
Repurchase of Option. If the Issuer exercises its Repurchase Option pursuant to Section 2 of the Purchase Agreement, the Company shall repurchase the Option from Optionee by paying to Optionee the Option Price by certified or bank cashier's check or other immediately available funds.
Repurchase of Option. (a) Upon the occurrence of a Purchase Event, at the request of CBI, delivered within 60 days of such occurrence, IBI shall repurchase the Option from CBI at a price (the "Option Repurchase Price") equal to the amount by which the market/offer price (as defined below) exceeds the exercise price, multiplied by the number of shares for which this Option may then be exercised. The term "
Repurchase of Option. If, before the expiration of the Option, there is either (i) an Acquisition Proposal which at any time becomes a Superior Acquisition Proposal (each as defined in the Merger Agreement) (regardless of whether it is consummated) or (ii) the commencement of a tender offer or exchange offer for at least 20% of the shares of Common Stock of the Company or (iii) the acquisition by any person or "group" (within the meaning of Rule 13d-5 under the Securities Exchange Act of 1934, as amended) of at least 20% of the shares (or rights to acquire shares) of Common Stock of the Company, then, in either event, for a period of 100 days after (x) such Acquisition Proposal becomes a Superior Acquisition Proposal (as defined in the Merger Agreement) or (y) such event occurs, but prior to the expiration of the Option, Parent shall be entitled to sell the Option to the Company and the Company shall be required to purchase the Option from Parent, for $6,000,000 in cash against Parent's written acknowledgment that it has surrendered all of its rights to the Option.
Repurchase of Option. For a period of 30 days after the earlier of the consummation of, or the execution of an agreement providing for, a Superior Proposal involving Company (a "Put Event"), but in no event later than 180 days following an Exercise Event, Parent shall have the right, upon five business days' prior written notice to Company (or any successor in interest to Company by merger, sale of all or substantially all of the assets, or otherwise) (the "Put Notice"), to cause Company (or any such successor in interest) to have a closing and to pay at such closing (and Company and such successor, jointly and severally, shall be obligated to pay) to Parent in consideration for the cancellation of the Stock Option, an aggregate cancellation price (the "Cancellation Price") equal to the product of (x) the number of Option Shares as to which the Stock Option remains exercisable multiplied by (y) the excess of (i) the average per share closing price of a share of Company Common Stock as quoted on the New York Stock Exchange (or if not then quoted thereon, on such other exchange or quotation system on which Company Common Stock is quoted) for the period of five trading days ending on the trading day immediately prior to the occurrence of the Put Event over (ii) the Purchase Price.
Repurchase of Option. (a) Notwithstanding the provisions of Section 2(a), at any time upon or after the first occurrence of a Purchase Event and prior to termination of the Option in accordance with Section 2, Issuer shall at the request of Grantee (any such request, a "Cash Exercise Notice"), repurchase from Grantee the Option or a portion thereof (if and to the extent not previously exercised or terminated) at a price which, subject to Section 10 below, is equal to the excess, if any, of (x) the Applicable Price (as defined below) as of the Section 7 Request Date (as defined below) for an Option Share over (y) the Purchase Price (subject to adjustment pursuant to Section 6), multiplied by all or such portion of the Option Shares subject to the Option as the Grantee shall specify in the Cash Exercise Notice (the "Option Repurchase Price").
Repurchase of Option. At the Closing (as hereinafter defined), CSI shall repurchase from Holder of Holder’s Option Shares (“Holder’s Repurchase Option Shares”), and Holder shall sell, release and give the options representing such Holder’s Repurchase Option Shares to CSI. In consideration of the repurchase by CSI of Holder’s Repurchase Option Shares, CSI shall pay to Holder $ in cash, to be delivered at the Closing.
Repurchase of Option. (a) Notwithstanding the provisions of Section 2(a), at any time commencing upon the first occurrence of a Purchase Event and ending upon the expiration or termination of this Option in accordance with Section 2, the Company (or any successor entity thereof) shall at the request of Holdings (any such request, a "Cash Exercise Notice"), repurchase from Holdings (or any affiliate or Subsidiary of Holdings) the Option or a portion thereof (if and to the extent not previously exercised or terminated) at a price which, subject to Section 11 below, is equal to the excess, if any, of (x) the Applicable Price (as defined below) as of the Section 10 Request Date (as defined below) for a Share over (y) the Exercise Price (subject to adjustment pursuant to Section 7), multiplied by all or such portion of the Option Shares subject to the Option as Holdings shall specify in the Cash Exercise Notice (the"Option Repurchase Price"). For purposes of this Agreement, an exercise of the Option shall be deemed to occur on the date of closing and not on the date of the Exercise Notice relating thereto.
