Repurchase; Repurchase Price Sample Clauses
The 'Repurchase; Repurchase Price' clause defines the terms under which a seller may buy back an asset previously sold, and specifies how the price for such a repurchase is determined. Typically, this clause outlines the conditions that trigger the repurchase right, such as a default or breach, and details the calculation of the repurchase price, which may include the original purchase price plus accrued interest or other costs. Its core function is to provide a clear mechanism for reversing a transaction under certain circumstances, thereby protecting the interests of both parties and ensuring predictability in the event a repurchase becomes necessary.
Repurchase; Repurchase Price. Upon the occurrence of a Triggering Event prior to an Exercise Termination Event, (i) at the request of Holder, delivered in writing within 120 days of such occurrence (or such later period as provided in Section 2(d) with respect to any required notice or application or in Section 10), Issuer shall repurchase the Option from Holder, in whole or in part, at a price (the "Option Repurchase Price") equal to the number of shares of Common Stock then purchasable upon exercise of the Option (or such lesser number of shares as may be designated in the Repurchase Notice (as defined in Section 9(b))) multiplied by the amount by which the Market/Offer Price (as defined below) exceeds the Option Price or (ii) at the request of any owner of Option Shares (an "Owner") delivered in writing within 120 days of such occurrence (or such later period as provided in Section 2(d) with respect to any required notice or application or in Section 10), Issuer shall repurchase such number of Option Shares from such Owner as such Owner shall designate in the Repurchase Notice at a price (the "Option Share Repurchase Price") equal to the number of shares designated multiplied by the Market/Offer Price. The term "Market/Offer Price" shall mean the highest of (x) the price per share of Common Stock at which a tender or exchange offer for Common Stock either has been consummated, or at which a Person has publicly announced its intention to commence a tender or exchange offer, after the date of this Agreement and prior to the delivery of the Repurchase Notice, and which offer either has been consummated and not withdrawn or terminated as of the date payment of the Repurchase Price is made, or has been publicly announced and such intention to make a tender or exchange offer has not been withdrawn as of the date payment of the Repurchase Price is made, (y) the price per share of Common Stock to be paid by any third party pursuant to an agreement with Issuer for a merger, share exchange, consolidation or reorganization entered into after the date hereof and on or prior to the delivery of the Repurchase Notice and (z) the average closing price for shares of Common Stock on the New York Stock Exchange (the "NYSE") (or, if the Common Stock is not then listed on the NYSE, any other national securities exchange or automated quotation system on which the Common Stock is then listed or quoted) for the twenty consecutive trading days immediately preceding the delivery of the Repurchase Notice. In ...
Repurchase; Repurchase Price. Upon the occurrence of a Triggering Event prior to an Exercise Termination Event, (i) at the request of a Holder, delivered in writing within 180 days of such occurrence (or such later period as provided in Section 2(d) with respect to any required notice or application or in Section 10), but in any event prior to the termination of the Option held by the Holder pursuant to Section 2(a), Issuer shall repurchase the Option from the Holder, in whole or in part, at a price (the "Option Repurchase Price") equal to the number of shares of Common Stock then purchasable upon exercise of the Option (or such lesser number of shares as may be designated in the Repurchase Notice (as defined below)) multiplied by the amount by which the market/offer price (as defined below) exceeds the Option Price and (ii) at the request of a Holder or any person who has been a
Repurchase; Repurchase Price. Upon the occurrence of a Triggering ---------------------------- Event and prior to an Exercise Termination Event, (i) at the request of Holder, Issuer shall repurchase
Repurchase; Repurchase Price. On the Closing Date (as defined below), Entravision will repurchase 7,000,000 shares of Class U Common (the “Repurchased Shares”) from Univision and Univision will sell the Repurchased Shares to Entravision free and clear of all liens, security interests, pledges, claims and encumbrances of any kind, nature or description other than restrictions under applicable securities laws, and on the terms and conditions set forth herein (the “Share Repurchase”). The total repurchase price to be paid by Entravision to Univision for the Repurchased Shares is Fifty-One Million One Hundred Thousand Dollars ($51,100,000) (the “Repurchase Price”).
Repurchase; Repurchase Price. Upon the occurrence of a Triggering Event and prior to an Exercise Termination Event, (i) at the request of Holder, delivered in writing within 150 days of this occurrence (or such later period as provided in Section 2(d) with respect to any required notice or application or in Section 10), Issuer shall repurchase the Option from Holder, in whole or in part, at a price (the "Option Repurchase Price") equal to the number of shares of Common Stock then purchasable
Repurchase; Repurchase Price. At the request of Grantee, given in writing within 180 days following the occurrence of a Triggering Event (or such later period as is provided in Section 2(d) with respect to any required filing, notice or application for approval or pursuant to a request by Grantee in accordance with Section 10), (i) Issuer shall repurchase the Option from Grantee, in whole but not in part (except as provided in Section 9(c) and Section 19), at a price (the "Option Repurchase Price") equal to the number of Option Shares then purchasable upon exercise of the Option multiplied by the amount by which the Market Price (as defined below) exceeds the applicable Option Price (giving effect to the Maximum Option Price) or
Repurchase; Repurchase Price. At the request of Grantee, given in writing within 180 days following the occurrence of a Triggering Event (or such later period as is provided in Section 2(d) with respect to any required filing, notice or application for approval or pursuant to a request by Grantee in accordance with Section 10), (i) Issuer shall repurchase the Option from Grantee, in whole but not in part (except as provided in Section 9(c) and Section 19), at a price (the "Option Repurchase Price") equal to the number of Option Shares then purchasable upon exercise of the Option multiplied by the amount by which the Market Price (as defined below) exceeds the applicable Option Price (giving effect to the Maximum Option Price) or (ii) Issuer shall repurchase all Option Shares then owned by Grantee at a price (the "Option Share Repurchase Price") equal to the number of such Option Shares multiplied by the Market Price; provided, however, that the Option Repurchase Price or the Option Share Repurchase Price, as the case may be, shall be reduced to the extent necessary for it not to exceed the maximum amount for which Issuer is permitted, without a vote of the stockholders of Issuer, to repurchase the Option or Option Shares, as the case may be, on the date
Repurchase; Repurchase Price. Upon the occurrence of a Triggering Event that occurs prior to an Exercise Termination Event, (i) at the request of Grantee, delivered in writing within 180 days of such occurrence (or such later period as provided in Section 7), Issuer shall, subject to Sect▇▇▇ ▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇ Option from Grantee, as a whole or in part, at a price (the "Option Repurchase Price") equal to the number of shares of Common Stock then purchasable upon exercise of the Option (or such lesser number of shares as may be subject to the Repurchase Notice (as defined below)) multiplied by the amount by which the market/offer price at the close of business on the business day prior to the date of the Repurchase Notice exceeds the Option Price and (ii) at the request of Grantee, delivered in writing within 180 days of such occurrence (or such later period as provided in Section 7), Issuer shall repurchase such number of Option Shares from Grantee as Grantee shall designate at a price (the "Option Share Repurchase Price") equal to the number of shares designated multiplied by the Market/offer price. The term "market/offer price" shall mean the highest of (x) the price per share of Common Stock at which a tender or exchange offer for Common Stock has been made, (y) the price per share of Common Stock to be paid by any third