Examples of Repurchased Stock in a sentence
The total purchase price for the Repurchased Stock shall be delivered to the Grantee against delivery by Grantee of certificates evidencing the Repurchased Stock no later than 30 days after the delivery of the election notice by the Company.
The Company may exercise the right granted to it under this Section 4.4 by delivering written notice to Grantee stating that the Company is exercising the repurchase right granted to it under this Section 4.4. The delivery of such notice by the Company to Grantee shall constitute a binding commitment of the Company to purchase and acquire all of the Repurchased Stock.
The Company has full corporate power and authority to enter into this Agreement and to purchase the Repurchased Stock and Warrants in accordance with the terms hereof.
Masco and the Company each hereby covenant and agree that they will discuss in good faith an appropriate allocation for tax purposes of the Purchase Price between the Repurchased Stock and the Warrants and will not take a position on any income tax return, before any governmental agency charged with the collection of any income tax, or in any judicial proceeding that is in any way inconsistent with such agreement.
Also, the U.S. dollar exchange rate affects exports – if the dollar is weak, foreigners can purchase more dollars for a given amount of their own currency and can buy more U.S. corn.
Therefore, the Company agrees that Masco may obtain specific performance to mandate the purchase of the Repurchased Stock and Warrants by the Company in accordance with this Agreement in the event the Company's breach would otherwise prevent consummation of the purchase of the Repurchased Stock and Warrants by the Company as set forth in this Agreement.
Therefore, Masco agrees that the Company may obtain specific performance to mandate the sale of the Repurchased Stock and Warrants to the Company in accordance with this Agreement in the event Masco's breach would otherwise prevent consummation of the sale of the Repurchased Stock and Warrants to the Company as set forth in this Agreement.
Such repurchase shall be for no additional consideration, it being acknowledged by each Member that such payment in cash shall constitute adequate consideration for both the Repurchased Units and the Repurchased Stock.
The price per share of the Repurchased Stock shall be the lesser of (1) the Fair Market Value (as defined in the Plan) of the Repurchased Stock on the date of the Company’s delivery of its written notice to Grantee or (2) the Fair Market Value of the Repurchased Stock on the date that the Units related to the Repurchased Stock vested to the Grantee.
Masco has full corporate power and authority to enter into this Agreement and Masco has full corporate power to sell the Repurchased Stock and Warrants in accordance with the terms hereof.