Repurchase Procedures. The Company may elect to exercise the right to purchase all or any portion of the Executive Units pursuant to the Repurchase Option by delivering written notice (the "Repurchase Notice") to the holder or holders of Executive Units within 180 days after Executive's Termination Date. The Repurchase Notice will set forth the number of Executive Units to be acquired from such holder(s), the aggregate consideration to be paid for such Units and the time and place for the closing of the transaction. If any of the Executive Units are held by Permitted Transferees of Executive, the Company shall purchase the Units elected to be purchased from such holder(s) of Executive Units pro rata according to the number of Executive Units held by such holder(s) at the time of delivery of such Repurchase Notice (determined as nearly as practicable to the nearest unit).
Appears in 11 contracts
Samples: Executive Unit Repurchase Agreement (Alliance Laundry Systems LLC), Executive Unit Repurchase Agreement (Alliance Laundry Systems LLC), Executive Unit Repurchase Agreement (Alliance Laundry Systems LLC)
