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.
If a Purchase Option Expiration Date occurs, the Accounts retained by Bank shall be liquidated pursuant to the provisions of Section 15.6 (Wind-down by Bank); provided, however, that nothing in this Section 15.3(c) shall be construed as limiting or relieving the obligation of Bank and EFS to use commercially reasonable efforts to consummate the purchase of the Purchased Assets and the assumption of the Assumed Liabilities after EFS delivers an Exercise Notice.
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").
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 (i) the exercise of the Purchase Option; (ii) the Purchase Option Expiration Date or (iii) the date of termination of the Purchase Option pursuant to Section 5.10 hereof, at which time such requirement shall terminate.
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.
This right of the holder of Special Common Stock shall continue until the earliest of (i) the exercise of the Purchase Option (as defined in Article V), (ii) the Purchase Option Expiration Date (as defined in Article V) or (iii) the date of termination of the Purchase Option pursuant to Section 5.10 hereof, at which time such right shall terminate.
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.
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").
If the Purchase Option Expiration Date is not a Business Day (as defined below), then the Purchase Option Expiration Date shall be 11:59 p.m., San Diego time, on the next succeeding Business Day.