Common use of Exercise of the Repurchase Right Clause in Contracts

Exercise of the Repurchase Right. The Repurchase Right shall be exercisable by written notice delivered to the Owner of the Unvested Shares prior to the expiration of the ninety (90) day period specified in Section 5.1 above. The notice shall indicate the number of Unvested Shares to be repurchased and the date on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of notice. To the extent one or more certificates representing the Unvested Shares may have been previously delivered out of escrow to the Owner, then the Owner shall, prior to the close of business on the date specified for the repurchase, deliver to the Secretary of the Company the certificates representing the Unvested Shares to be repurchased, properly endorsed for transfer. The Company shall, concurrently with the receipt of such stock certificates, pay to the Owner in cash or cash equivalents (including the cancellation of any purchase-money indebtedness), an amount equal to the Repurchase Price for the Unvested Shares that are to be repurchased.

Exercise of the Repurchase Right. The Repurchase Right shall be exercisable by written notice delivered to the Owner of the Unvested Shares prior to the expiration of the ninety (90) applicable 90 day period specified in Section 5.1 above5. 1. The notice shall indicate the number of Unvested Shares to be repurchased and the date on which the repurchase is to be effected, such date to be not more than thirty (30) 45 days after the date of notice. To the extent one or more certificates representing the Unvested Shares may have been previously delivered out of escrow to the Owner, then the The Owner shall, prior to the close of business on the date specified for the repurchase, deliver to the Secretary of the Company the certificates representing the Unvested Shares to be repurchasedrepurchased (unless already held by the Secretary in escrow under this Agreement), each certificate to be properly endorsed for transfer. The Company shall, concurrently with the receipt of such stock certificatescertificates (either from escrow in accordance with Section 6.3 or from Owner as herein provided), pay to the Owner in cash or cash equivalents (including the cancellation of any purchase-money indebtedness), an amount equal to the Repurchase Purchase Price previously paid for the Unvested Shares that are to be repurchased.

Exercise of the Repurchase Right. The Repurchase Right shall be exercisable by written notice delivered to the Owner of the Unvested Shares Purchaser prior to the expiration of the ninety applicable sixty (9060) day period specified in Section 5.1 aboveSection 4.1. The notice shall indicate the number of Unvested Shares to be repurchased and the date on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of notice. To the extent one or more certificates representing the Unvested Shares may have been previously delivered out of escrow to be held by the OwnerPurchaser, then the Owner Purchaser shall, prior to the close of business on the date specified for the repurchase, deliver to the Secretary of the Company Corporation the certificates representing the Unvested Shares to be repurchased, each certificate to be properly endorsed for transfer. The Company Corporation shall, concurrently with the receipt of such stock certificates, pay to the Owner Purchaser in cash or cash equivalents (including the cancellation of any purchase-money indebtedness), an amount equal to the Repurchase original Purchase Price for the Unvested Shares that are to be repurchased.

Exercise of the Repurchase Right. The Repurchase Right shall be exercisable by written notice delivered to the Owner of the Unvested Shares prior to the expiration of the ninety (90) day period specified in Section 5.1 above. The notice shall indicate the number of Unvested Shares to be repurchased and the date on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of notice. To the extent one or more certificates representing the Unvested Shares may have been previously delivered out of escrow to the Owner, then the Owner shall, prior to the close of business on the date specified for the repurchase, deliver to the Secretary of the Company the certificates representing the Unvested Shares to be repurchased, properly endorsed for transfer. The Company shall, concurrently with the receipt of such stock certificates, pay to the Owner in cash or cash equivalents (including the cancellation of any purchase-money indebtedness), an amount equal to the Repurchase Cash Purchase Price previously paid for the Unvested Shares that are to be repurchased.

Exercise of the Repurchase Right. The Repurchase Right right shall be exercisable by written notice delivered to the Owner of the Unvested Shares Purchaser prior to the expiration of the ninety applicable sixty (9060) day period specified in Section 5.1 aboveSection 4.1. The notice shall indicate the number of Unvested Shares to be repurchased and the date on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of notice. To the extent one or more certificates representing the Unvested Shares may have been previously delivered out of escrow to be held by the OwnerPurchaser, then the Owner Purchaser shall, prior to the close of business on the date specified for the repurchase, deliver to the Secretary of the Company Corporation the certificates representing the Unvested Shares to be repurchased, each certificate to be properly endorsed for transfer. The Company Corporation shall, concurrently with the receipt of such stock certificates, pay to the Owner Purchaser in cash or cash equivalents (including the cancellation of any purchase-money indebtedness), an amount equal to the Repurchase original Purchase Price for the Unvested Shares that are to be repurchased.

Exercise of the Repurchase Right. The Repurchase Right right shall be exercisable by written notice delivered to the Owner of the Unvested Shares Purchaser prior to the expiration of the ninety applicable sixty (9060) day period specified in Section 5.1 aboveSection 4.1. The notice shall indicate the number of Unvested Shares to be repurchased and the date on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of notice. To the extent one or more certificates representing the Unvested Shares may have been previously delivered out of escrow to be held by the OwnerPurchaser, then the Owner Purchaser shall, prior to the close of business on the date specified for the repurchase, deliver to the Secretary of the Company Corporation the certificates representing representing, the Unvested Shares to be repurchased, each certificate to be properly endorsed for transfer. The Company Corporation shall, concurrently with the receipt of such stock certificates, pay to the Owner Purchaser in cash or cash equivalents (including the cancellation of any purchase-money indebtedness), an amount equal to the Repurchase original Purchase Price for the Unvested Shares that are to be repurchased.

Exercise of the Repurchase Right. The Repurchase Right shall be exercisable by written notice delivered to the Owner of the Unvested Shares prior to the expiration of the ninety sixty (9060) day period specified in Section 5.1 above5. 1. The notice shall indicate the number of Unvested Shares to be repurchased and the date on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of notice. To the extent one or more certificates representing the Unvested Shares may have been previously delivered out of escrow to the Owner, then the Owner shall, prior to the close of business on the date specified for the repurchase, deliver to the Secretary of the Company the certificates representing the Unvested Shares to be repurchased, properly endorsed for transfer. The Company shall, concurrently with the receipt of such stock certificates, pay to the Owner in cash or cash equivalents (including the cancellation of any purchase-money indebtedness), an amount equal to the Repurchase Purchase Price previously paid for the Unvested Shares that are to be repurchased.

Exercise of the Repurchase Right. The Repurchase Right shall be exercisable by written notice delivered to the Owner of the Unvested Shares Purchaser prior to the expiration of the ninety applicable sixty (9060) day period specified in Section 5.1 above4. 1. The notice shall indicate the number of Unvested Shares to be repurchased and the date on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of notice. To the extent one or more certificates representing the Unvested Shares may have been previously delivered out of escrow to be held by the OwnerPurchaser, then the Owner Purchaser shall, prior to the close of business on the date specified for the repurchase, deliver to the Secretary of the Company Corporation the certificates representing the Unvested Shares to be repurchased, each certificate to be properly endorsed for transfer. The Company Corporation shall, concurrently with the receipt of such stock certificates, pay to the Owner Purchaser in cash or cash equivalents (including the cancellation of any purchase-money indebtedness), an amount equal to the Repurchase original Purchase Price for the Unvested Shares that are to be repurchased.

Exercise of the Repurchase Right. The Repurchase Right shall be exercisable by written notice delivered to the Owner of the Unvested Shares prior to the expiration of the ninety sixty (90) day 60)-day period specified in Section 5.1 aboveSection 3.1. The notice shall indicate the number of Unvested Shares to be repurchased and the date on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of notice. To the extent one or more certificates representing the Unvested Shares may have been previously delivered out of escrow to the Owner, then the Owner shall, prior Prior to the close of business on the date specified for the repurchase, the Owner shall deliver to the Secretary of the Company Corporation the certificates representing the Unvested Shares to be repurchased, each certificate to be properly endorsed for transfer. The Company shall, Corporation shall concurrently with the receipt of such stock certificates, certificates pay to the Owner Owner, in cash or cash equivalents (including the cancellation of any outstanding purchase-money indebtedness), an amount equal to the Repurchase Purchase Price previously paid for the Unvested Shares that which are to be repurchased. Such Unvested Shares shall thereupon be canceled and cease to be issued and outstanding shares of the Corporation's common stock.