Share Repurchase Sample Clauses
Share Repurchase. The Issuer has not repurchased any Share within the 30 days preceding the date of this Agreement.
Share Repurchase. (a) Executive represents and warrants that (i) he is the sole legal and beneficial owner of all right, title and interest in and to 2,365,500 shares (the "Shares") of the Common Stock, and that such Shares constitute all of the Common Stock owned by him, (ii) he has full power and authority to enter into and perform his obligations pursuant to this Agreement and the documents contemplated hereby, and (iii) he will convey hereunder good and marketable title to the Shares to the Company, free and clear of any liens, claims, security interests, options, leases, restrictions or other encumbrances of any nature.
(b) The Company hereby purchases, and the Executive hereby sells, all of Executive's right, title and ownership interest in and to the Shares for an aggregate of $3,146,115 (the "Purchase Price"). The Company's Board of Directors has adopted a resolution approving the purchase of the Shares that specifies the name of the Executive and the number of Shares being repurchased. As payment in full of the Purchase Price, the outstanding principal and accrued but unpaid interest pursuant to the Stock Note is hereby reduced in an amount equal to the Purchase Price.
(c) The remaining $544,920 owed to the Company by the Executive pursuant to the Stock Note as of the date hereof is hereby converted into a new loan pursuant to the promissory note attached hereto as Exhibit A (the "2002 Note"). Concurrent with Executive's execution and delivery to the Company of the 2002 Note, together with such documentation as the Company deems reasonably necessary to effect the sale and transfer of the Shares to the Company, all amounts due and owing pursuant to the Stock Note shall be deemed satisfied and the Stock Note and the Pledge Agreement will be automatically terminated and cancelled.
(d) Upon consummation of the transactions contemplated by this Agreement, each party's rights and obligations pursuant to the Stock Agreement and the Registration Letter are terminated and cancelled.
Share Repurchase. Notwithstanding any other provision of this Section 5, the Company may at any time, out of funds legally available therefor and subject to compliance with the provisions of the applicable laws of the Cayman Islands, repurchase Ordinary Shares of the Company issued to or held by employees, officers or consultants of the Company or its Subsidiaries upon termination of their employment or services, pursuant to any bona fide agreement providing for such right of repurchase, whether or not dividends on the Preferred Shares shall have been declared.
Share Repurchase. Contemporaneously with the consummation of the offering of the Securities, the Share Repurchase will be consummated.
Share Repurchase. Subject to the sale of the Securities by the Selling Shareholders to the Underwriter in compliance with the terms of this Agreement, the Underwriter agrees to sell to the Company, and the Company agrees to purchase from the Underwriter, an aggregate of 1,000,000 shares at the purchase price per share set forth in Schedule A.
Share Repurchase. The Employee Stockowner hereby sells, and TCI.XXX xxxeby purchases, all, and not less than all, of the Shares for an aggregate purchase price of $239,098 (the "Purchase Price"). The Employee Stockowner hereby acknowledges receipt of a check in the amount of the Purchase Price. TCI.XXX xxxeby acknowledges receipt of stock certificate number ____________________________________, representing the Shares, endorsed by the Employee Stockowner in blank.
Share Repurchase. Contemporaneously with the consummation of the offering of the Firm Securities, the Share Repurchase will be consummated. The Company and the Selling Shareholder will furnish the Representatives with such conformed copies of such opinions, certificates, letters and documents as the Representatives reasonably request. The Representatives may waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of a Closing Date or otherwise.
Share Repurchase. Before the Closing Date and after the purchase of Company Shares pursuant to the Offer, the Company shall, and the Parent shall cause the Company to, purchase, for a cash consideration equal to the Per Share Amount, from any current or former director or officer of the Company whose service with the Company is terminated for any reason between the consummation of the Offer and the Closing Date, all shares of Company Common Stock held by any such individual who desires so to sell such shares, promptly upon delivery to the Company of the certificates therefor for cancellation.
Share Repurchase. The Company shall have entered into a share repurchase agreement with BVI Company 1 (the “Share Repurchase Agreement”) to repurchase 432,000 Ordinary Shares from the BVI Company 1 with a consideration of US$392,543.32 pursuant to the terms and conditions in the Share Repurchase Agreement.
Share Repurchase. In the amounts specified on the Repurchase Schedule, the Employee and each of the Selling Affiliates hereby agree to sell and the Company hereby agrees to purchase (the “Repurchase”) on the date hereof (i) all vested shares of Restricted Stock held by the Employee and each Selling Affiliate at a price of $0.63 per share, which represents the average of the daily closing prices of the Company’s Common Stock during December, 2002 and (ii) all unvested shares of Restricted Stock held by the Employee and each Selling Affiliate at a per share price equal to the Per Share Price (as defined in the Restricted Stock Agreement) plus accrued interest (clauses (i) and (ii) hereof are referred to herein collectively as, the “Purchase Price”).