Examples of Call Right Closing in a sentence
The parties hereto agree that the Issue Date (as defined in the Series D Convertible Preferred Certificate of Designation or the Series G Convertible Preferred Certificate of Designation, as the case may be) of the shares of Series D Convertible Preferred or Series G Convertible Preferred, as the case may be, issued at the Put Right Closing or the Call Right Closing, as applicable, shall be the date hereof.
CIG shall furnish necessary account information in writing to NBCU at least two Business Days prior to the date of the Call Right Closing.
NBCU agrees to, and shall request the Company to cause, the imprinting, for so long as appropriate, of substantially the following legends on certificates representing any of the Securities issued to NBCU (or such Affiliate of NBCU as NBCU may designate) at the Put Right Closing or Call Right Closing, as applicable: THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE TERMS OF A STOCKHOLDERS’ AGREEMENT, DATED AS OF MAY 4, 2007, AMONG ION MEDIA NETWORKS, INC., CIG MEDIA LLC AND NBC UNIVERSAL, INC.
The Call Right Closing shall occur at the place designated in the Call Exercise Notice.
Amendments to this Declaration may be proposed by the Board of Directors or by written petition signed by ten percent (10%) of the Voting Interests, in which case the proposed amendments must be submitted by the Board to a vote of the Members not later than the next annual meeting.
The Optionee will pay the Call Purchase Price for the Shares by check or by wire transfer of immediately available funds on the Call Right Closing Date.
On the applicable Call Right Closing Date, the Company and/or Timios (as applicable) shall deliver to the Buyer certificates representing the applicable Call Shares, accompanied by stock powers and all necessary stock transfer taxes paid and stamps affixed, if necessary, against receipt of the Call Purchase Price.
The Buyer shall give the Company at least ten (10) days’ written notice of the Call Right Closing Date.
At the Call Right Closing, the Holders shall sell, and Parent shall purchase, such Repurchased Issued Shares and/or the right to receive the Repurchased Unissued Shares, as the case may be, by payment of the price designated in the Call Notice.
At the Call Right Closing, the Holders shall execute and deliver to Parent such documents as Parent reasonably requests to carry out the provisions of this Section 6.