Seller Option Sample Clauses

Seller Option. Seller shall have the option to sell and the Buyer the obligation to buy an additional ten (10) Product Sets at a fixed price of $50,000.00. Seller must exercise this option by giving written notice to Buyer on or before March 1, 2001 or the option shall expire and have not further legal effect. In the event Seller exercises this option, Buyer's payment shall be due on March 1, 2001.
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Seller Option. If Xxxxx decides in the future to relinquish bird(s), Xxxxx will notify Seller, and Xxxxxx will have the first right of refusal in re-homing or assisting in re-homing of such bird(s). Unless there is no other option, Buyer shall NOT place bird(s) with “rescue” (potential hoarders) or sanctuary (potential bird “warehouse”). Buyer Acknowledgment: I have read and understand the above Purchase Contract. I take full responsibility for the proper care and feeding of the bird(s). I agree that there are no other warranties, guarantees or liability, expressed or implied, on the part of Feathered Companions Aviary or Xxxxxxxx Xxxxxxx. I also understand and agree that any and all veterinary or other expenses are mine. It is further understood that I will expect no monies or valuable assets from Feathered Companions Aviary or Xxxxxxxx Xxxxxxx in the event of a future illness or death. I have read this and understand it is a legally binding contractual agreement. I am aware of any abnormalities listed below, and I have assumed complete liability for these. Terms/Conditions: Signatures: Seller Date Buyer(s) Date
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Seller Option. If Xxxxx decides in the future to relinquish bird(s), Xxxxx will notify Seller, and Xxxxxx will have the first right of refusal in re-homing or assisting in re-homing of such bird(s).
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Seller Option. In the event of a termination by (i) Seller pursuant to paragraphs 6.1(b) or (d), or (ii) Purchaser pursuant to paragraphs 6.1(c) or (d), within thirty (30) days after such Termination Date, Seller has the option to notify Purchaser in writing of Seller’s intent to purchase all Shares owned by Purchaser pursuant to the same terms and conditions described in this Agreement as Purchaser’s right to purchase the Seller Shares from Seller, except for the parenthetical adjustment to the minimum Original Consideration of $4,500,000 set forth in the definition of Original Consideration contained in this Agreement and the payment of the Additional Consideration.
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Seller Option. (a) The Purchaser hereby grants to the Seller the irrevocable right, but not the obligation (the "Option"), to purchase, at any time after the date hereof and on or prior to the tenth anniversary of the date hereof, all, but not less than all, of the issued and outstanding shares of capital stock of the Company (the "Option Shares") and the Notes, at an aggregate exercise price (the "Option Price") equal to the Purchase Price plus interest accruing at a rate equal to LIBOR plus four percent (4%). The Seller may exercise the Option by giving the Purchaser at least five (5) Business Day's prior written notice (the "Exercise Notice").
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Seller Option 
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Related to Seller Option

  • Company Option The Company shall have an option to purchase all or any portion of the Vested Shares which are the subject of a Sale Notice at the lesser of the price specified in the Offer or Fair Market Value, as determined under Section 3.5, and on the terms specified in Sections 3.6 and 3.7. The Company shall have thirty (30) days after delivery of the Sale Notice to exercise its option (the “Company Option Period”). This option may be exercised by giving written notice of exercise (the “Exercise Notice”) to the Participant during the Company Option Period. Delivery of the Exercise Notice shall obligate the Company to purchase and the Participant to sell the Shares of the Participant identified in the Exercise Notice on the terms provided in this Article III.

  • Company Reacquisition Right In the event that (a) the Awardee’s employment terminates for any reason or no reason, with or without cause, or (b) the Awardee, the Awardee’s legal representative, or other holder of the shares of Common Stock subject to this Award, attempts to sell, exchange, transfer, pledge, or otherwise dispose of any portion of this Award prior to its distribution from the escrow established in accordance with Section 8 of this Agreement, the Company shall automatically reacquire such shares underlying the applicable portion of this Award, and the Awardee shall not be entitled to any payment therefore (the “Company Reacquisition Right”).

  • Option Closing To the extent the Option is exercised, delivery of the Option Securities against payment by the Underwriters (in the manner and at the location specified above) shall take place at the time and date (which may be the Closing Date, but not earlier than the Closing Date) specified in the Option Notice.

  • Company Options “Company Options” shall mean all options to purchase Shares (whether granted by the Company pursuant to the Company Equity Plans, assumed by the Company in connection with any merger, acquisition or similar transaction or otherwise issued or granted).

  • The Optional Shares; Option Closing Date In addition, on the basis of the representations, warranties and agreements herein contained, and upon the terms but subject to the conditions herein set forth, the Company hereby grants an option to the several Underwriters to purchase, severally and not jointly, up to an aggregate of [•] Optional Shares from the Company at the purchase price per share to be paid by the Underwriters for the Firm Shares. The option granted hereunder may be exercised at any time and from time to time in whole or in part upon notice by the Representatives to the Company, which notice may be given at any time within 30 days from the date of this Agreement. Such notice shall set forth (i) the aggregate number of Optional Shares as to which the Underwriters are exercising the option and (ii) the time, date and place at which the Optional Shares will be delivered (which time and date may be simultaneous with, but not earlier than, the First Closing Date; and in the event that such time and date are simultaneous with the First Closing Date, the term “First Closing Date” shall refer to the time and date of delivery of the Firm Shares and such Optional Shares). Any such time and date of delivery, if subsequent to the First Closing Date, is called an “Option Closing Date,” and shall be determined by the Representatives and shall not be earlier than two or later than five full business days after delivery of such notice of exercise. If any Optional Shares are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Optional Shares (subject to such adjustments to eliminate fractional shares as the Representatives may determine) that bears the same proportion to the total number of Optional Shares to be purchased as the number of Firm Shares set forth on Schedule A opposite the name of such Underwriter bears to the total number of Firm Shares. The Representatives may cancel the option at any time prior to its expiration by giving written notice of such cancellation to the Company.

  • Top-Up Option (a) The Company hereby grants to the Purchaser an irrevocable option (the “Top-Up Option”) to purchase, at a price per share equal to the Offer Price, a number of Common Shares (the “Top-Up Option Shares”) that, when added to the number of Common Shares owned by Parent or the Purchaser or any direct or indirect wholly owned Subsidiary of Parent or the Purchaser at the time of exercise of the Top-Up Option, constitutes one Common Share more than 90% of the number of Common Shares that will be outstanding immediately after the issuance of the Top-Up Option Shares. The Top-Up Option may be exercised by the Purchaser, in whole, at any time on or after the date on which the Purchaser accepts for payment and pays for all Common Shares validly tendered and not validly withdrawn pursuant to the Offer (the “Acceptance Date”) and on or prior to the fifth Business Day after the later of the Acceptance Date and the expiration of any subsequent offering period under Rule 14d-11 under the Exchange Act; provided, however, that the obligation of the Company to deliver Top-Up Option Shares upon the exercise of the Top-Up Option is subject to the conditions that (i) the number of Top-Up Option Shares to be issued by the Company shall in no event exceed 19.90% of the number of outstanding Common Shares or the voting power of the Company, in each case, as of immediately prior to the issuance of the Top-Up Option Shares, (ii) no provision of any applicable Law and no judgment, injunction, order or decree shall prohibit the exercise of the Top-Up Option or the delivery of the Top-Up Option Shares in respect of such exercise, (iii) the issuance of Top-Up Option Shares pursuant to the Top-Up Option would not require approval of the Company’s shareholders under applicable Law or regulation (including the NYSE rules and regulations), (iv) upon exercise of the Top-Up Option, the number of Common Shares owned by Parent or the Purchaser or any direct or indirect wholly owned Subsidiary of Parent or the Purchaser constitutes one Share more than 90% of the number of Common Shares that will be outstanding immediately after the issuance of the Top-Up Option Shares and (v) the Purchaser has accepted for payment and paid for all Common Shares validly tendered in the Offer and not validly withdrawn. The parties shall cooperate to ensure that the issuance of the Top-Up Option Shares is accomplished consistent with all applicable legal requirements of all Governmental Entities, including compliance with an applicable exemption from registration of the Top-Up Option Shares under the Securities Act.

  • Nonstatutory Stock Option The Optionee may incur regular federal income tax liability upon exercise of a NSO. The Optionee will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the Fair Market Value of the Exercised Shares on the date of exercise over their aggregate Exercise Price. If the Optionee is an Employee or a former Employee, the Company will be required to withhold from his or her compensation or collect from Optionee and pay to the applicable taxing authorities an amount in cash equal to a percentage of this compensation income at the time of exercise, and may refuse to honor the exercise and refuse to deliver Shares if such withholding amounts are not delivered at the time of exercise.

  • No Rights as Shareholder Until Exercise This Warrant does not entitle the Holder to any voting rights or other rights as a shareholder of the Company prior to the exercise hereof. Upon the surrender of this Warrant and the payment of the aggregate Exercise Price (or by means of a cashless exercise), the Warrant Shares so purchased shall be and be deemed to be issued to such Holder as the record owner of such shares as of the close of business on the later of the date of such surrender or payment.

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