Company Call Option definition

Company Call Option has the meaning set forth in Section 3.01 hereof.
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Company Call Option shall have the meaning set forth in Section 5.1.
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Company Call Option. At anytime, provided no Event of Default then exists under any of the transaction documents, the Company may redeem up to 100% of the Debentures in full at 120% of par plus accrued and unpaid interest.
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Examples of Company Call Option in a sentence

  • The Company shall have the right to purchase sixty percent (60%), rounded to the nearest share and decreasing by five percent (5%) each calendar quarter, of the shares of Executive Stock upon Executive’s termination of this Agreement or a Termination by the Company for Cause, provided, however, that there shall be no Company Call Option if such termination by Executive is due to Constructive Discharge, a Change of Control, Death, or Disability (the “Company Call Option”).

  • Executive may not directly or indirectly, sell, assign, mortgage, hypothecate, transfer, pledge, create a security interest in or lien upon, encumber, give, place in trust, or otherwise voluntarily dispose of any shares of Executive Stock subject to the Company Call Option (collectively a “Transfer”) and any purported Transfer of any certificate representing shares of Executive Stock subject to the Company Call Option shall be void and of no effect.

  • The certificates representing shares of Executive Stock subject to the Company Call Option shall bear a legend referring to the foregoing restrictions.

  • The Company Call Option shall be exercisable not later than thirty (30) days after such termination by notice to Executive from the Company.

  • The Equity issued hereunder shall be uncertificated shares and shall be subject to all of the terms and restrictions contained in the Stockholders Agreement, including, without limitation: Section 3 (Transfer of Stock); Section 7 (Piggyback Registration Rights); Section 8 (Tag-Along Rights) and Section 9 (Drag-Along Sales), except that the provisions of Section 4 (Company "Call" Option) shall not apply to the Equity.

  • The Company agrees to give written notice to Carano of its exercise of the Company Call Option (the “Call Exercise Notice”) at the time the Company delivers the written notice of its exercise of the Company Call Option under Section 9.5 of the Operating Agreement.

  • The Seller hereby grants to the Company an option to compel the Seller to sell the Shares to the Company ("Call Option"), and the Seller hereby agrees to sell the Shares to the Company upon the Company's exercise of the Call Option, subject to the terms and provisions of this Agreement, at any time during the period commencing on June 1, 1999, and ending on June 30, 1999 ("Call Exercise Period").

  • The Company Call Option shall be exercisable not later than thirty (30) days after such termination by notice to Employee from the Company.

  • The Company Call Option may be exercised by the Company, if at all, during the Company Exercise Period only by the delivery during the Company Exercise Period of a written notice to the Investor (the “Company Option Notice”) specifying the (i) exercise of the Company Call Option, (ii) the Call Fair Market Value and (iii) the proposed delivery date of the Company Option Shares which shall be at least twenty (20) days from the date of the Company Option Notice (the “Company Option Closing Date”).

  • The Company may exercise the Company Call Option if the Company shall have provided a Cash Payment Notice.