Repurchase Option Price Sample Clauses
The Repurchase Option Price clause defines the specific price or formula used to determine the amount payable if one party exercises an option to repurchase an asset, such as equipment or property, from another party. Typically, this clause outlines whether the price is fixed, based on fair market value, or calculated using a predetermined schedule, and may specify adjustments for depreciation or other factors. Its core function is to provide clear, upfront terms for repurchase transactions, thereby reducing uncertainty and potential disputes over pricing if the repurchase option is exercised.
Repurchase Option Price. Upon an election by a holder or holders ----------------------- of Warrants pursuant to section 16(a), the Company shall repurchase the Warrants designated by holders desiring to effect the repurchase at a price equal to or greater than (i) the value of the Common Stock into which the Warrant is exercisable less (ii) the Warrant Price then in effect and relating to such number of shares of Common Stock (such net price being the "Repurchase Price"). The value of such Common Stock shall be determined by an Independent Financial Expert (to be selected as provided below in section 16(d)) using one or more valuation methods that the Independent Financial Expert in its professional judgment determines to be most appropriate but without giving effect to the discount for any lack of liquidity of the Common Stock or to the fact that the Company may have no class of equity securities registered under the Securities Exchange Act of 1934. The Independent Financial Expert shall deliver, promptly upon completion, to the Company and to each of the holders exercising the Repurchase Option a Value Report stating the method of valuation considered or used and the value of said Common Stock as of the Valuation Date and containing a statement as to the nature and scope of the examination or investigation upon which the determination of value was made. The Independent Financial Expert shall consult with management of the Company in order to allow management to provide information and data relevant to, and comment on the proposed value of, such Independent Financial Expert's report to the Company. The Independent Financial Expert may revise its Value Report based on such consultation provided that the final value shall reflect both the initial valuation and the determination to revise it. If the Independent Financial Expert becomes aware of any material changes since the Valuation Date in the business or financial conditions or prospects of the Company, such Independent Financial Expert shall specify such material changes in the Value Report.
Repurchase Option Price. The purchase price for the Shares upon exercise of the Repurchase Option shall be $0.65 for each Share repurchased pursuant to this Section 2 (in the aggregate referred to in this Section 2 as the "Purchase Price").
Repurchase Option Price. The "Repurchase Option Price" as used herein shall mean the original purchase price paid by Purchaser with respect to the Property, provided however, the Repurchase Option Price shall be not less than the partial release price due on any loan secured by a first mortgage on the Property that was funded by a lender not affiliated with Purchaser to provide acquisition financing for the Property.
Repurchase Option Price. If the Company exercises the Repurchase Option, it shall pay the Optionee an amount equal to the Exercise Price for each of the Restricted Shares being repurchased. Payment shall be made in cash or cash equivalents or by canceling indebtedness to the Company incurred by the Optionee in the purchase of the Restricted Shares.
Repurchase Option Price. Upon an election by the Purchaser pursuant to Section 11.01(a), the Company shall repurchase the Shares at a price equal to the value of the Shares (such price being the "Repurchase Price"). The value of such Common Stock shall be determined by an Independent Financial Expert (to be selected as provided below in section 11.01(d), using one or more valuation methods that the Independent Financial Expert in its professional judgment determines to be most appropriate but without giving effect to the discount for any lack of liquidity of the Common Stock or to the fact that the Company may have no class of equity securities that is publicly traded. The Independent Financial Expert shall deliver, promptly upon completion, to the Purchaser and the Company a Value Report stating the method of valuation considered or used and the value of said Common Stock as of the Valuation Date and containing a statement as to the nature and scope of the examination or investigation upon which the determination of value was made.
Repurchase Option Price. The purchase price for the First Note Shares upon exercise of the Repurchase Option shall be $0.50 for each First Note Share repurchased pursuant to this Section 2. The purchase price for the Second Note Shares upon exercise of the Repurchase Option shall be $1.00 for each Second Note Share repurchased pursuant to this Section 2 (the aggregate purchase for the First Note Shares and the Second Note Shares, the "Purchase Price").