Common use of Repurchase of Restricted Shares Clause in Contracts

Repurchase of Restricted Shares. The repurchase of Restricted Shares by the Company pursuant to this Section 2 shall be consummated (the “Repurchase Event”) on the date designated by the Company in a written notice by the Company to the Purchaser or, if relevant, any Permitted Transferee, of the Company’s exercise of its option pursuant to Section 2(a), which date shall not be more than sixty (60) days after the date of such written notice. The Repurchase Event shall take place at the Company’s executive offices. At the Repurchase Event, the Company shall pay the Repurchase Price (as defined below) in the manner specified in Section 3 hereof and, without any further action by the Purchaser or, as the case may be, Permitted Transferee, such Restricted Shares shall be assigned to the Company or its nominee, free and clear of any liens or encumbrances. The Company shall be entitled to receive representations and warranties with respect to title, authority and liens and other documentation from the Purchaser or, as the case may be, any Permitted Transferee, in connection with the repurchase of such Restricted Shares.