Examples of Repurchased Interests in a sentence
The Payor will make the initial payment (“Initial Payment”) under this Note in an amount equal to at least 90% of the estimated value of the Repurchased Interests, determined as of the Repurchase Valuation Date.
From and after the repurchase date (unless default shall be made by the Company in providing funds for the payment of the repurchase price), Repurchased Interests which have been repurchased as aforesaid shall no longer be deemed to be outstanding, and all rights of the holder of such Repurchased Interests as a member of the Company (except the right to receive from the Company the repurchase price against delivery to the Company of evidence of ownership of such Interests) shall cease.
Each such notice shall state: (a) the repurchase date; (b) the number of Interests to be repurchased; (c) the aggregate repurchase price; and (d) the place or places where such Repurchased Interests are to be surrendered for payment of the aggregate repurchase price.
In the event the Company shall repurchase Interests (the “Repurchased Interests”) of the Company pursuant to Section 9.1, notice of such repurchase shall be given by first class mail, postage prepaid, mailed not less than 5 business nor more than 60 calendar days prior to the repurchase date, to the holder of the Repurchased Interests, at such holder’s address as the same appears in Schedule A.
Upon surrender in accordance with said notice of evidence of ownership of Repurchased Interests so repurchased (properly assigned for transfer, if the Board shall so require and the notice shall so state), such Interests shall be repurchased by the Company.
Failure to give notice as aforesaid, or any defect therein, shall not affect the validity of the repurchase of Repurchased Interests.
TCV and OEP may exercise their right in the immediately preceding sentence with respect to all or a portion of the Repurchased Interests by providing written notice to the Partnership or the Blackstone Group, as applicable, within 20 Business Days after receiving written notice of such proposed repurchase of Repurchased Interests.
The “Payment Amount” will be an amount equal to the value of the Repurchased Interests determined as of December 31, 2009 (“Repurchase Valuation Date”) (and valued in accordance with the Portfolio’s Valuation Procedures).
The “Payment Amount” will be an amount equal to the value of the Repurchased Interests determined as of June 30, 2011 (“Repurchase Valuation Date”) (and valued in accordance with the Portfolio’s Valuation Procedures).
The “Payment Amount” will be an amount equal to the value of the Repurchased Interests determined as of December 31, 2010 (“Repurchase Valuation Date”) (and valued in accordance with the Portfolio’s Valuation Procedures).