Common use of TRANSFER ON EXERCISE OF OPTION Clause in Contracts

TRANSFER ON EXERCISE OF OPTION. If the Proposing Transferor is given notice under SECTION 4.2(c) that the other Shareholder has exercised its option to purchase all, but not less than all, of the Joint Venture Interest, the Proposing Transferor shall be bound, on payment of the Prescribed Price, to transfer the Joint Venture Interest to the other Shareholder or its designees. The sale and purchase shall be completed at the office of VC Holding, or at such other place as the Proposing Transferor and the other Shareholder shall agree, during normal business hours on the first business day after the expiration of ninety (90) days after the expiration of the option period set forth in SECTION 4.2(c).

TRANSFER ON EXERCISE OF OPTION. If the Proposing Transferor is given notice under SECTION 4.2(c) that the other Shareholder has exercised its option to purchase all, but not less than all, of the Joint Venture Interest, the Proposing Transferor shall be bound, on payment of the Prescribed Price, to transfer the Joint Venture Interest to the other Shareholder or its designees. The sale and purchase shall be completed at the office of VC HoldingNewco Finance, or at such other place as the Proposing Transferor and the other Shareholder shall agree, during normal business hours on the first business day after the expiration of ninety (90) days after the expiration of the option period set forth in SECTION 4.2(c).

TRANSFER ON EXERCISE OF OPTION. If the Proposing Transferor is given notice under SECTION 4.2(c) that the other Voting Shareholder has exercised its option to purchase all, but not less than all, of the Joint Venture Interest, the Proposing Transferor shall be bound, on payment of the Prescribed Price, to transfer the Joint Venture Interest to the other Shareholder Purchaser or its designees. The sale and purchase shall be completed at the office of VC HoldingVitrocrisa, or at such other place as the Proposing Transferor and the other Voting Shareholder shall agree, during normal business hours on the first business day after the expiration of ninety (90) days after the expiration of the option period set forth in SECTION 4.2(c).

TRANSFER ON EXERCISE OF OPTION. If the Proposing Transferor is given notice under SECTION 4.2(c11.2(c) that the other Shareholder Member has exercised its option to purchase all, but not less than all, of the Joint Venture Interest, the Proposing Transferor shall be bound, on payment of the Prescribed Price, to transfer the Joint Venture Interest to the other Shareholder Purchaser or its designees. The sale and purchase shall be completed at the office of VC Holdingthe Company, or at such other place as the Proposing Transferor and the other Shareholder Member shall agree, during normal business hours on the first business day after the expiration of ninety (90) days after the expiration of the option period set forth in SECTION 4.2(c11.2(c).