Grant of Purchase Right Clause Samples

Grant of Purchase Right. For value received, the Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe for and purchase, from the Company, up to the number of fully paid and non-assessable shares of Common Stock (as defined below) as determined pursuant to Section 1(b) below, at a purchase price per share equal to the Exercise Price (as defined below). The number and Exercise Price of such shares are subject to adjustment as provided in Section 8. As used herein, the following terms shall have the following meanings:

Grant of Purchase Right. Subject to the terms and conditions specified in this Section 3, the Company hereby grants to each Stockholder a purchase right with respect to future sales by the Company of its Capital Securities. Each Stockholder shall be entitled to apportion the purchase right hereby granted it among itself and its members, partners and Affiliates in such proportions as it deems appropriate. Each time the Company proposes to offer any Capital Securities, the Company shall first offer to the Stockholders such Capital Securities in accordance with the following provisions: (a) The Company shall deliver a notice by certified mail (an "Initial Company Sales Notice") to the Stockholders stating (i) its bona fide intention to offer such Capital Securities, (ii) the price and terms, if any, upon which it proposes to offer such Capital Securities, and (iii) such Stockholder's Proportionate Share of the Capital Securities (which shall be rounded to the nearest whole Capital Security). (b) Within 15 Business Days after receipt of an Initial Company Sales Notice, each Stockholder that desires to purchase its Proportionate Share of the Capital Securities as specified in such Initial Company Sales Notice at the price and on the terms specified in such Initial Company Sales Notice shall provide to the Company a written notice (the "Purchase Notice") setting forth such Stockholder's agreement to purchase its Proportionate Share of the Capital Securities. The Company shall promptly give written notice to each Stockholder that elects to purchase its Proportionate Share of the Capital Securities (a "Fully-Exercising Stockholder") of the amount of Capital Securities, if any, that other Stockholders do not elect to purchase in response to the Initial Company Sales Notice (the "Second Company Sales Notice"). Within five Business Days after receipt of a Second Company Sales Notice, each Fully-Exercising Stockholder that desires to purchase additional Capital Securities shall deliver to the Company a written notice (an "Overallotment Notice") setting forth the maximum number of additional Capital Securities it is willing to purchase at the price and on the terms specified in the Initial Company Sales Notice. If the total number of Capital Securities specified in all Overallotment Notices received by the Company within such time period is less than or equal to the number of Capital Securities specified in the Second Company Sales Notice, then such Capital Securities shall be allocated to the...

Grant of Purchase Right. Each Holder who is an employee of the Company (which for purposes of this Section 7 shall be deemed to include any subsidiary of the Company) hereby unconditionally and irrevocably grants to the Company the right to purchase all or any portion of the Capital Stock (other than the shares, if any, identified as co-investment shares on Schedule A) that such Holder owns or has the right to acquire as of the date such Holder ceases to be employed by the Company (the “Employee Shares”), at the price and on the terms and conditions set forth in this Section 7. The Company must exercise its right of purchase under this Section 7 by giving a notice of exercise (the “Company Purchase Notice”) to such Holder. Except as contemplated in Section 7.3(c), such notice of exercise must be given (a) within ninety (90) days after such Holder’s employment terminates, with respect to any Capital Stock which is Common Stock or preferred stock owned by such Holder as of the date such Holder’s employment with the Company terminated, and (b) with respect to Capital Stock such Holder acquires after such Holder’s employment with the Company terminated but pursuant to a right that existed as of the time of such termination, within ninety (90) days after the date a certificate for such Capital Stock is issued by the Company to such Holder (the “Company Purchase Option Period”).

Grant of Purchase Right. Subject to the terms and conditions set forth in this Warrant, the Company hereby grants to NL Holdco the right (the “Purchase Right”) to purchase 602,392 shares of Company Stock (“Shares”) at a purchase price of $24.00 per Share (the “Exercise Price”). The Purchase Right shall become exercisable in accordance with Section 2 below.

Grant of Purchase Right. Party B hereby irrevocably grants Party A the exclusive right to purchase or designate one or more persons (the “Specified Person”) to purchase all or any portion of the Equity Interest from Party B, subject to compliance with legal restrictions under applicable PRC laws (the “Purchase Right”). Party B shall not sell or transfer all or any portion of the Equity Interest to any party other than Party A and/or the Specified Person. Party C hereby acknowledges that Party B may grant the Purchase Right to Party A, and the other shareholders of Party C have already agreed to waive any rights to acquire the Equity Interest of Party C from Party B and such shareholders have executed the Announcement Letter to waive their pre-emptive rights (attached as Appendices). As used in this Agreement, the term “person” refers to an individual, corporation, joint enterprise, partnership, enterprise, trust or non-corporation organization.

Grant of Purchase Right. Party B hereby irrevocably grants Party A the exclusive right to purchase or designate one or more persons (each a “Specified Person”) to purchase all or any portion of the 1% equity interest in Party C held by Party B (the “Equity Interest”), subject to compliance with legal restrictions under applicable PRC laws (the “Purchase Right”). Party B shall not sell or transfer all or any portion of the Equity Interest to any party other than Party A and/or the Specified Person(s). Party C hereby agrees that Party B may grant the Purchase Right to Party A, and the other shareholders of Party C hereby waive any and all preemptive rights relating to the Equity Interest evidenced by the Announcement document attached hereto as the Appendix. The term “

Grant of Purchase Right. Party B hereby irrevocably grants Party A the exclusive right to purchase or designate one or more persons (hereinafter referred to as “Specified Person”) to purchase all or any portion of the Equity Interest from Party B, subject to compliance with legal restrictions under applicable PRC laws (hereinafter referred to as “Purchase Right”). Party B shall not sell or transfer all or any portion of the Equity Interest to any party other than Party A and/or the Specified Person. Party C hereby acknowledges that Party B may grant the Purchase Right to Party A, and the other shareholders of Party C have already agreed to waive any rights to acquire the Equity Interest of Party C from Party B and such shareholders have executed the Announcement Letter to waive their pre-emptive rights (attached as Appendices). As used in this Agreement, the term “person” refers to an individual, corporation, joint enterprise, partnership, enterprise, trust or non-corporation organization.

Grant of Purchase Right. Except as otherwise specified by the Committee prior to such date, on the Offering Date of each Offering Period, each Participant in that Offering Period shall be automatically granted a Purchase Right consisting of an option to purchase the lesser of (a) that number of whole shares of Stock determined by dividing Twenty-Five Thousand Dollars ($25,000) by the Fair Market Value of a share of Stock on such Offering Date or (b) five thousand (5,000) shares of Stock. No Purchase Right shall be granted on an Offering Date to any person who is not, on such Offering Date, an Eligible Employee.

Grant of Purchase Right. Each of Party B-1 and Party B-2 hereby irrevocably grants Party A the exclusive right to purchase or designate one or more persons (the “Specified Person”) to purchase all or any portion of the Equity Interest from Party B-1 and Party B-2, subject to compliance with legal restriction under applicable PRC laws (the “Purchase Right”). Neither Party B-1 nor Party B-2 shall sell all or any portion of the Equity Interest to any party other than Party A and/or the Specified Person. Party C hereby acknowledges that Party B-1 and Party B-2 may grant the Purchase Right to Party A. As used in this Agreement, the term “person” refers to an individual, corporation, joint enterprise, partnership, enterprise, trust or non-corporation organization.