Option Repurchase Price definition

Option Repurchase Price means (i) the difference between the Exercise Price and the Market Price (as defined below) as of the date of the applicable Repurchase Notice multiplied by (ii) the number of shares of Company Common Stock purchasable pursuant to the Company Option and covered by the applicable Repurchase Notice.

Option Repurchase Price means (A) the difference between the Option Repurchase Market/Offer Price (as defined below) for shares of the Company Common Stock as of the date of the applicable Repurchase Notice and the Exercise Price, multiplied by (B) the number of shares of the Company Common Stock purchasable pursuant to the Company Option or the portion thereof covered by the applicable Repurchase Notice, but only if the Option Repurchase Market/Offer Price is greater than the Exercise Price. "Option Repurchase Market/Offer Price" shall mean, as of any date, the higher of (X) the highest price per share offered as of such date pursuant to any tender or exchange offer or other offer with respect to a business combination offer involving the Company or any of its material subsidiaries as the target party which was made prior to such date and not terminated or withdrawn as of such date, and (Y) the Fair Market Value (as defined in Section 7(b)(iii)) of the Company Common Stock as of such date.

Option Repurchase Price means (A) the amount (if any) by which the Fair Market Value (as defined in Section 7(b)(iii)) of a single share of Grantor Common Stock as of the date of the applicable Repurchase Notice exceeds the per share Exercise Price multiplied by (B) the number of shares of Grantor Common Stock purchasable pursuant to the Grantor Option or the portion thereof covered by the applicable Repurchase Notice.

Examples of Option Repurchase Price in a sentence

• In the event that the Repurchase Notice shall request the repurchase of the Option in part, Issuer shall deliver with the Option Repurchase Price a new Agreement evidencing the right of the Holder to purchase that number of shares of Common Stock purchasable pursuant to the Option at the time of delivery of the Repurchase Notice minus the number of shares of Common Stock represented by that portion of the Option then being repurchased.

• In the event that the Repurchase Notice shall request the repurchase of the Option in part, Issuer shall deliver with the Option Repurchase Price a new Stock Option Agreement evidencing the right of the Holder to purchase that number of shares of Common Stock purchasable pursuant to the Option at the time of delivery of the Repurchase Notice minus the number of shares of Common Stock represented by that portion of the Option then being repurchased.

• Notwithstanding anything to the contrary in this Agreement, including, without limitation, the time limitations on the exercise of the Option, Holder may exercise the Option at least until 120 days after such date upon which Issuer is no longer prohibited from delivering all of the Option Repurchase Price.

• Within two business days after the surrender of the Option and/or certificates representing Option Shares and the receipt of the Repurchase Notice relating thereto, Issuer shall deliver or cause to be delivered to the Holder the applicable Option Repurchase Price and/or the Option Share Repurchase Price or, in either case, the portion thereof that Issuer is not then prohibited under applicable law and regulation from so delivering.

• As promptly as practicable, and in any event within two business days after the surrender of the Option and/or certificates representing Option Shares and the receipt of the Repurchase Notice relating thereto, Issuer shall deliver or cause to be delivered to the Holder the applicable Option Repurchase Price and/or the Option Share Repurchase Price.

More Definitions of Option Repurchase Price

Option Repurchase Price means (A) the difference between the Option Repurchase Market/Offer Price (as defined below) for the Trenwick Common Stock as of the date of the applicable Repurchase Notice and the Exercise Price, multiplied by (B) the number of shares of Trenwick Common Stock purchasable pursuant to the Trenwick Option or the portion thereof covered by the applicable Repurchase Notice, but only if the Option Repurchase Market/Offer Price is greater than the Exercise Price.

Option Repurchase Price means to the amount by which (i) the Market/offer price exceeds (ii) the Option Price, multiplied by the number of shares for which this Option may then be exercised.

Option Repurchase Price means (A) the difference between the Option Repurchase Market/Offer Price (as defined below) for the LaSalle Common Shares as of the date of the applicable Repurchase Notice and the Exercise Price, multiplied by (B) the number of shares of LaSalle Common Shares purchasable pursuant to the LaSalle Option or the portion thereof covered by the applicable Repurchase Notice, but only if the Option Repurchase Market/Offer Price is greater than the Exercise Price.

Option Repurchase Price means, with respect to a Note to be purchased by the Company on the Option Repurchase Date pursuant to a Repurchase at Holder’s Option in accordance with Section 4.11 of this Eighteenth Supplemental Indenture, one hundred percent (100%) of the outstanding principal amount of such Note, plus accrued and unpaid interest on such Note, if any, to, but excluding, the Option Repurchase Date, except as otherwise provided in Section 4.11(a) hereof.

Option Repurchase Price. With respect to the Leased Property of the Sun City Facility, Homewood Facility and/or Holland Facility, as the case may be, the Minimum Repurchase Price for such Facility, as increased by three percent (3%) per Lease Year, cumulative and compounded, commencing with the expiration of the first Lease Year for such Facility, and upon the expiration of each Lease Year thereafter.

Option Repurchase Price shall have the meaning specified in Section 15.02(a).

Option Repurchase Price means to the amount by which (i) the market/offer price exceeds (ii) the Option Price, multiplied by the number of shares for which this Option may then be exercised.