Common use of Assignment of Repurchase Right Clause in Contracts

Assignment of Repurchase Right. At the discretion of the Board of Directors of the Company, the Company shall have the right to assign the right to exercise its obligation and rights with respect to the Repurchase to any person or persons, in whole or in part in any particular instance, upon the same terms and conditions applicable to the exercise thereof by the Company, and such assignee or assignees of the Company shall then take and hold any Shares so acquired subject to such terms as may be specified by the Company in connection with any such assignment.