Time for Exercise and Tender of Purchase Price Sample Clauses

Time for Exercise and Tender of Purchase Price. If the Company wishes to purchase any Covered Shares pursuant to an option granted under this Section 3, the Company shall, within 30 days after the date the Offer Notice or the Triggering Event Notice is given to the Company (the "Company Option Period"), give written notice to the Selling Shareholder and the Optionee Shareholder specifying the number of Covered Shares the Company intends to purchase. If the Company does not give written notice to the Selling Shareholder of the intent to purchase all Covered Shares made available under the option, the Company shall, within three days after the expiration of the Company Option Period, notify the Optionee Shareholder of the option to purchase the Covered Shares which are available under the option and are not proposed to be purchased by the Company. In the event the Optionee Shareholder wishes to exercise the option, the Optionee Shareholder shall, within 60 days after the expiration of the Company Option Period (the "Shareholder Option Period"), give written notice to the Selling Shareholder and the Company specifying the number of the Covered Shares available under the option the Optionee Shareholder intends to purchase. If the Optionee Shareholder gives notice pursuant to this Section 3.4(a), the Optionee Shareholder may not withdraw or amend such notice except as provided below. If the total number of Covered Shares specified in all wririen notices under this Section 3.4(a) received by the Selling Shareholder before the expiration of the Shareholder Option Period does not equal or exceed the total number of Covered Shares available under the option, the Selling Shareholder shall within three days after the expiration of the Shareholder Option Period give written notice of this fact to all Purchasing Parties. In such case, any Purchasing Party may within six days after the expiration of the Shareholder Option Period increase the number of Covered Shares the party intends to purchase. After the expiration of such additional six-day period for the submission of new notices, the Selling Shareholder shall give written notice to the Purchasing Parties of the total number of Covered Shares offered to be purchased in the notices received by the Selling Shareholder. If such number equals or exceeds the number of Covered Shares available under the option, such notice by the Selling Shareholder shall create a separate and enforceable contract between the Selling Shareholder and each Purchasing Party for the sale a...
Sample 1
AutoNDA by SimpleDocs

Related to Time for Exercise and Tender of Purchase Price

  • Procedure for Exercise of Warrant Holder may exercise this Warrant by delivering the following to the principal office of the Company in accordance with Section 5.1 hereof: (i) a duly executed Notice of Exercise in substantially the form attached as Schedule A, (ii) payment of the Warrant Price then in effect for each of the Shares being purchased, as designated in the Notice of Exercise, and (iii) this Warrant. Payment of the Warrant Price may be in cash, certified or official bank check payable to the order of the Company, or wire transfer of funds to the Company’s account (or any combination of any of the foregoing) in the amount of the Warrant Price for each share being purchased.

  • Procedure for Exercise (a) The Option may be exercised with respect to Vested Shares, from time to time, in whole or in part (but for the purchase of whole shares only), by delivery of a written notice (the "Exercise Notice") from the Optionee to the Company, which Exercise Notice shall:

  • Time for Exercise Optionee may elect to exercise the options at the times and for the number of shares indicated as follows:

  • Instructions for Exercise of Warrant To exercise the Warrants evidenced hereby, the holder must, by 5:00 P.M., New York City time, on the specified Exercise Date, deliver to the Company, a certified or official bank check, in each case payable to the Company, in an amount equal to the Exercise Price in full for the Warrants exercised. In addition, the Warrant holder must provide the information required below and deliver this Warrant Certificate to the Company at the address set forth below. The Warrant Certificate and this Election to Purchase must be received by the Company by 5:00 P.M., New York time, on the specified Exercise Date. ELECTION TO PURCHASE TO BE EXECUTED IF WARRANT HOLDER DESIRES TO EXERCISE THE WARRANTS EVIDENCED HEREBY The undersigned hereby irrevocably elects to exercise, on , (the “Exercise Date”), Warrants, evidenced by this Warrant Certificate, to purchase, of the shares of Common Stock (each a “Share”) of Homeowners Choice, Inc., a Florida corporation (the “Company”), and represents that, on or before the Exercise Date, such holder has tendered payment for such Shares by certified or official bank check to the order of the Company, in the amount of $ in accordance with the terms hereof. The undersigned requests that said number of Shares be in fully registered form, registered in such names and delivered, all as specified in accordance with the instructions set forth below. If said number of Shares is less than all of the Shares purchasable hereunder, the undersigned requests that a new Warrant Certificate evidencing the remaining balance of the Warrants evidenced hereby be issued and delivered to the holder of the Warrant Certificate unless otherwise specified in the instructions below. Dated: , Name: (Please Print) (Insert Social Security or Other Identifying Number of Holder) Address:

  • Method of Exercise and Payment Subject to Section 8 hereof, to the extent that the Option has become vested and exercisable with respect to a number of shares of Common Stock as provided herein, the Option may thereafter be exercised by the Participant, in whole or in part, at any time or from time to time prior to the expiration of the Option as provided herein and in accordance with Sections 6.4(c) and 6.4(d) of the Plan, including, without limitation, by the filing of any written form of exercise notice as may be required by the Committee and payment in full of the Per Share Exercise Price specified above multiplied by the number of shares of Common Stock underlying the portion of the Option exercised.

  • Method of Exercise and Payment for Shares This option shall be exercised by written notice delivered to the Company at its principal office, specifying the number of shares to be acquired upon such exercise, and accompanied by cash payment of the exercise price.

  • Method of Exercise Payment Issuance of New Warrant;

  • Procedures for Exercise The manner of exercising the Stock Option herein granted shall be by written notice to the Secretary of the Company at the time the Stock Option, or part thereof, is to be exercised, and in any event prior to the expiration of the Stock Option. Such notice shall state the election to exercise the Stock Option, the number of shares of Stock to be purchased upon exercise, the form of payment to be used, and shall be signed by the person so exercising the Stock Option.

  • Method of Payment of Purchase Price No later than 12:00 p.m. Eastern time on the Closing Date, Purchaser shall deposit with Escrow Agent the Purchase Price (less the Xxxxxxx Money Deposit), together with all other costs and amounts to be adjusted, pro-rated or paid by Purchaser at the Closing pursuant to the terms of this Agreement ("Purchaser's Costs"), by Federal Reserve wire transfer of immediately available funds to the account of Escrow Agent. Escrow Agent, following authorization by the parties at Closing, shall (i) pay to Seller by Federal Reserve wire transfer of immediately available funds to an account designated by Seller, the Purchase Price, subject to any costs or other amounts to be adjusted, pro-rated or paid by Seller at Closing pursuant to the terms of this Agreement, (ii) pay to the appropriate payees out of the proceeds of Closing payable to Seller all costs and amounts to be paid by Seller at Closing pursuant to the terms of this Agreement, and (iii) pay Purchaser's Costs to the appropriate payees at Closing pursuant to the terms of this Agreement. ARTICLE IV

  • Exercise of Put Option The Put Option may be exercised during the Put Option Period with respect to all or any portion of the Put Shares. Such option shall be exercised by such Holder giving notice to the Company and each other Holder during the Put Option Period of the Holder's election to exercise the Put Option, and the date of the Put Option Closing, which will be not less than fifteen (15) nor more than ninety (90) days after the date of such notice. The Company will provide each Holder desiring to exercise its Put Option the name and address of each other Holder. Notwithstanding the foregoing, if a Holder receives such notice of another Holder's exercise of such other Holder's Put Option, the Holder receiving such notice may elect to exercise its Put Option and designate a Put Option Closing simultaneous and pari passu with that of such other Holder.

Time is Money Join Law Insider Premium to draft better contracts faster.