Examples of Purchase Option Expiration Date in a sentence
Purchaser may exercise the Purchase Option by delivery of written notice to Seller of its election to exercise the Purchase Option on or before the Purchase Option Expiration Date.
All representations, warranties, covenants, and obligations in this Agreement and the certificates and other Transaction Documents delivered pursuant to Section 2.3 will survive until twelve (12) months following the Purchase Option Expiration Date; provided, the representations, warranties and covenants made under Section 3.3 (Title to Shares) shall survive indefinitely.
The Coalition is made up of a broad range of individuals who intersect with various children’s systems in Sacramento County, such as education, physical and mental health, child advocacy, child care, and social services.
Purchaser shall have the right, but not the obligation, to purchase 300,000 of the remaining Shares owned by Seller after the Second Closing (the "Option Shares"), at any time after the Second Closing and on or before June 30, 2004 (the "Purchase Option Expiration Date"), for a purchase price of $2.75 per share (the "Purchase Option Purchase Price").
If this Purchase Option is exercised, the closing shall occur and the Deed for each Facility shall be delivered to Title Company (the "Closing") pursuant to escrow closing arrangements reasonably satisfactory to Owners and Emeritus at 12:00 o'clock noon (P.S.T.) one hundred eighty (180) days following delivery of the Purchase Option Notice but in no event later than the Purchase Option Expiration Date (such time, as the same may be extended to the next succeeding Business Day, the "Time of Closing").
The Purchase Option Expiration Date (as such date may have been extended) has occurred, and AEW did not deliver, or purport to deliver, a Purchase Option Exercise Notice prior to the Purchase Option Expiration Date (as such date may have been extended).
Notwithstanding the foregoing, Owner shall not unreasonably withhold its consent to Manager's request for a 30-day extension of such Closing Date provided that Manager deposits the equity funds required to close the Purchase Option into escrow and provides Owner with reasonable evidence of financing prior to the applicable Purchase Option Expiration Date, and reimburses Owner for any additional costs incurred by such extension.
The affirmative vote of a majority of the issued and outstanding shares of Special Common Stock required by this Section 4.4(c) shall continue until the earliest of (A) the exercise of the Stock Purchase Option, (B) the Stock Purchase Option Expiration Date and (C) the date of termination of the Stock Purchase Option with respect to both Ligand and Allergan pursuant to Section 5.10(a) hereof, at which time such requirement will terminate.
Pursuant to Section 4.2 of the Company LLC Agreement, because AEW did not elect to exercise its Purchase Option on or before Purchase Option Expiration Date, AEW forfeited its right to designate Directors as of the Purchase Option Expiration Date, and the Directors previously designated by AEW automatically ceased to be Directors as of such date.
If a New Commitment Party desires to make such election, such Person shall submit to the Company a written notice (the “Purchase Election Notice”) delivered on or prior to the Purchase Option Expiration Date and in accordance with Section 10.1, that sets forth the amount of Available Unsubscribed Equity Securities, if any, and the principal amount of Available Unsubscribed New Secured Notes, if any, that such Person desires to purchase at the Closing.