Common use of Repurchase Procedure for the Investors Clause in Contracts

Repurchase Procedure for the Investors. If for any reason the Company does not elect to purchase all of the Available Option Shares, then the Investors shall be entitled to exercise the Repurchase Option for all or any portion of the Available Option Shares that were not repurchased by the Company pursuant to SECTION 11(b) above (the "REMAINING OPTION SHARES"). The Investors may assign their Repurchase Option to TSI Telecommunication Holdings, LLC. As soon as practicable after the Company has determined that it will not purchase all of the Available Option Shares, but in any event within 60 days after the beginning of the Repurchase Notice Period corresponding to such Available Option Shares, the Company shall give written notice (the "OPTION NOTICE") to each Investor setting forth the number of Remaining Option Shares and the purchase price for the Remaining Option Shares. The Investors may elect to purchase all or any portion of the Remaining Option Shares by giving written notice to the Company within 60 days after the Option Notice has been delivered to the Investors by the Company. If the Investors elect to purchase an aggregate amount of Remaining Option Shares in excess of the amount of Remaining Option Shares specified in the Option Notice, then the Remaining Option Shares shall be allocated among the Investors based on the amount of such type or types of Common Shares owned by each Investor on the date of the Option Notice. Any Investor may condition its election to purchase such Remaining Option Shares on the election of one or more other Investors to purchase Remaining Option Shares. As soon as practicable, and in any event within 10 days after the expiration of the 60 day period set forth in the immediately preceding sentence, the Company shall deliver a Repurchase Notice to the holders of such Remaining Option Shares setting forth the aggregate consideration to be paid by the respective Investors for such Remaining Option Shares and the time and place for the closing of the transaction. At the time the Company delivers such Repurchase Notice to the holders of such Remaining Option Shares, the Company shall also deliver written notice to each Investor setting forth the amount of securities such Investor is entitled to purchase, the aggregate purchase price, and the time and place of the closing of the transaction.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Tsi Networks Inc), Nonqualified Stock Option Agreement (Tsi Networks Inc)

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Repurchase Procedure for the Investors. If for any reason the Company does not elect to purchase all of the Available Option Shares, then the Investors shall be entitled to exercise the Repurchase Option for all or any portion of the Available Option Shares that were not repurchased by the Company pursuant to SECTION Section 11(b) above (the "REMAINING OPTION SHARES"“Remaining Option Shares”). The Investors may assign their Repurchase Option to TSI Telecommunication Holdings, LLC. As soon as practicable after the Company has determined that it will not purchase all of the Available Option Shares, but in any event within 60 days after the beginning of the Repurchase Notice Period corresponding to such Available Option Shares, the Company shall give written notice (the "OPTION NOTICE"“Option Notice”) to each Investor setting forth the number of Remaining Option Shares and the purchase price Repurchase Price for the Remaining Option Shares. The Investors may elect to purchase all or any portion of the Remaining Option Shares by giving written notice to the Company within 60 days after the Option Notice has been delivered to the Investors by the Company. If the Investors elect to purchase an aggregate amount of Remaining Option Shares in excess of the amount of Remaining Option Shares specified in the Option Notice, then the Remaining Option Shares shall be allocated among the Investors based on the amount of such type or types of Common Shares owned by each Investor on the date of the Option Notice. Any Investor may condition its election to purchase such Remaining Option Shares on the election of one or more other Investors to purchase Remaining Option Shares. As soon as practicable, and in any event within 10 days after the expiration of the 60 day period set forth in beginning on the immediately preceding sentencedate the Option Notice is delivered to the Investors pursuant to this Section 11(c), the Company shall deliver a Repurchase Notice to the holders of such Remaining Option Shares setting forth the aggregate consideration to be paid by the respective Investors for such Remaining Option Shares and the time and place for the closing of the transaction. At the time the Company delivers such Repurchase Notice to the holders of such Remaining Option Shares, the Company shall also deliver written notice to each Investor setting forth the amount of securities Option Shares such Investor is entitled to purchase, the aggregate purchase priceconsideration to be paid therefor, and the time and place of the closing of the transaction.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Prommis Solutions Holding Corp.)

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Repurchase Procedure for the Investors. If for any reason the Company does not elect to purchase all of the Available Option Shares, then the Investors shall be entitled to may exercise the Repurchase Option for all or any portion of the Available Option Shares that were not repurchased by the Company pursuant to SECTION 11(bSection 10(a) above (the "REMAINING OPTION SHARES"“Remaining Option Shares”). The Investors may assign their Repurchase If the Company has determined that there will be Remaining Option to TSI Telecommunication HoldingsShares, LLC. As then as soon as practicable after the Company has determined that it there will not purchase all of the Available be Remaining Option Shares, but in any event within 60 days ten months after the beginning your Date of the Repurchase Notice Period corresponding to such Available Option SharesTermination, the Company shall give written notice (the "OPTION NOTICE"“Option Notice”) to each Investor setting forth the number of Remaining Option Shares and the purchase price for the Remaining Option Shares. The Investors may elect to purchase all or any portion of the Remaining Option Shares by giving written notice to the Company within 60 days one month after the Option Notice has been delivered to the Investors by the Company. If the Investors elect to purchase an aggregate amount of Remaining Option Shares in excess of the amount of Remaining Option Shares specified in the Option Notice, then the Remaining Option Shares shall be allocated among the Investors based on the amount of such type or types number of Common Shares owned by each Investor on the date of the Option Notice. Any Investor may condition its election to purchase such Remaining Option Shares on the election of one or more other Investors Investor to purchase Remaining Option Shares. As soon as practicable, and in any event within 10 days after the expiration of the 60 day one month period set forth in the immediately preceding sentence, the Company shall deliver a Repurchase Notice to the holders of such Remaining Option Shares setting forth the aggregate consideration to be paid by the respective Investors Investor for such Remaining Option Shares and the time and place for the closing of the transaction. At the time the Company delivers such Repurchase Notice to the holders of such Remaining Option Shares, the Company shall also deliver written notice to each Investor setting forth the amount of securities such Investor is entitled to purchase, the aggregate purchase price, and the time and place of the closing of the transaction. The number of shares of Option Shares to be repurchased hereunder shall be allocated among the Company and the Investors pro rata according to the number of Option Shares to be purchased by each of them.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Capella Healthcare, Inc.)

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