Exercise of Right definition

Exercise of Right. If the Stockholder or any Authorized Transferee (the "Transferor") desires to transfer all or any part of the Restricted Shares as to which the Company's Repurchase Option has expired ("Vested Shares") to any person other than the Company (an "Offeror"), the Transferor shall: (i) obtain in writing an irrevocable and unconditional bona fide offer (the "Offer") for the purchase thereof from the Offeror; and (ii) give written notice (the "Transfer Notice") to the Company setting forth the Stockholder's desire to transfer such shares, which Transfer Notice shall be accompanied by a photocopy of the Offer and shall set forth at least the name and address of the Offeror and the price and terms of the bona fide offer. Upon receipt of the Transfer Notice, the Company shall have a non-assignable option to purchase all (and not less than all) of such shares (the "Option Shares") specified in the Transfer Notice, such option to be exercisable by giving, within 15 days after receipt of the Transfer Notice, a written counter-notice to the Transferor. If the Company elects to repurchase all of such Option Shares, it shall be obligated to purchase, and the Stockholder shall be obligated to sell such Option Shares, at the price and terms indicated in the Offer within 15 days from the date of delivery by the Company of such counter-notice.
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Exercise of Right. BY FIRM AGENT OR ASSIGNEE Any right herein conferred upon, or reserved by the Firm, may be exercised by a written and appropriately designated Agent or Assignee of the Firm. HEADINGS All headings utilized in this Agreement, including all exhibits, are used for convenience only and shall not be construed as material language or interpretation of this Agreement.
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Examples of Exercise of Right in a sentence

  • In particular, in connection with the exercise of any of its rights in respect of the relevant Trust Assets or any other right it may have pursuant to the Master Declaration of Trust, the Delegate shall in no circumstances be bound to take any action unless directed to do so in accordance with Condition 15 (Enforcement and Exercise of Right), and then only if it shall have been indemnified and/or secured and/or prefunded to its satisfaction.

  • In the case of any such delivery by facsimile transmission, the original Notice of Exercise of Right form shall be promptly forwarded by you by hand or mail to the Treasury Desk, but delivery thereof to the Treasury Desk shall not be a condition to exercise of the right and the receipt of the facsimile transmission by the Treasury Desk shall be sufficient therefor.

  • Improving Crisis Exercises through Scenario Design 61 The expectations of these different parties differ on how and what should constitute and compose the scenario (Figure 3.1).

  • Rights are exercised by delivering a signed Notice of Exercise of Right form to the Treasury Desk at the Home Office (a fax received there qualifies as delivery).

  • Exercise of Right vis-a- vis Forest Protection The idea prevailed for long that the exercise of rights by the villagers was detrimental to forest protection.

  • If HFHSVV does not enter into a contract to purchase the Property within seven (7) days of its Notice of Exercise of Right, the Town shall have an additional seven (7) days, for a total of 14 days from HFHSVV’s Notice of Exercise of Right, in which to exercise its right to purchase by entering into a contract to purchase the Property.

  • Data Protection: Essential for Exercise of Right to Privacy Privacy is an internationally recognised human right.

  • If a properly executed Notice of Exercise of Right form is not received by the Treasury Desk of the Company by the applicable expiration date specified in Sections 2(a), 4 or 5, such notice will be deemed void and of no effect.

  • If both the Town and HFHSVV submit a Notice of Exercise of Right, HFHSVV shall be given priority and HFHSVV shall have the first opportunity to purchase the Property.

  • Section 8.1 Conversion of a Note into Common Shares 59 Section 8.2 Manner of Exercise of Right to Convert to Common Shares 60 Section 8.3 Accrued Interest, etc.

Related to Exercise of Right

  • Conversion Right has the meaning provided in Section 4.5(a) hereof.

  • Conversion Rights means exchange of, or the rights to exchange, the Principal Amount of the Loan, or any part thereof, for fully paid and nonassessable Common Stock on the terms and conditions provided in the Debentures.

  • Subscription Rights means the right to participate in the Rights Offering.

  • Exercise Right means the Exercise Right as specified in § 3 (1) of the Special Conditions.

  • Financial Transmission Right Option means a right to receive Transmission Congestion Credits as specified in Operating Agreement, Schedule 1, section 5.2.2(c), and the parallel provisions of Tariff, Attachment K-Appendix, section 5.2.2(c).

  • Exercise Notice has the meaning set forth in Section 3.2(1);

  • Put Right has the meaning set forth in Section 8.05(a).

  • Stock Right means an Award under Article VI of the Plan. A Stock Right may be either a Stock Appreciation Right or a Limited Stock Appreciation Right.

  • Conversion Option means the Company’s option to convert some or all of the Series D Preferred Stock into that number of shares of Common Stock that are issuable at the then-applicable conversion rate as described in Section 8(c) of these Articles Supplementary.

  • Exercise means a Holder’s right to exercise the Securities, in accordance with Product Condition 3;

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Election to Exercise shall have the meaning attributed thereto in Subsection 2.2(d).

  • Exercise of Secured Creditor Remedies means, except as otherwise provided in the final sentence of this definition:

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • Warrant Exercise Period shall commence (subject to Section 6(d) below), on the later of:

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

  • Demand Exercise Notice has the meaning set forth in Section 2.1(a).

  • Right of First Refusal Agreement means the Right of First Refusal Agreement, dated as of August 4, 2017, among the Partnership, the Operating Partnership and NextEra Energy Resources, LLC.

  • Purchase Option As defined in Section 3.18(c).

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Exercised has the meaning ascribed to it in Part D of the Network Code;

  • Right of First Refusal means the Company’s right of first refusal described in Section 8.

  • Purchase Option Notice As defined in Section 3.18(e).

  • Exercise Payment means the amount of money equal to the Exercise Price multiplied by the number of Optioned Shares specified in the Notice of Exercise;

  • Exchange Right has the meaning set forth in Section 2.1 hereof.

  • Exclusive Right to Sell listing means that if you, the owner of the property, find a buyer for your house, or if another broker finds a buyer, you must pay the agreed commission to the present broker.