Manner of Repurchase Clause Samples

The "Manner of Repurchase" clause defines the specific procedures and requirements that must be followed when a party exercises its right to repurchase an asset, such as shares or property, under an agreement. This clause typically outlines the steps for initiating the repurchase, the method of payment, any required notifications, and the timeline for completing the transaction. By clearly detailing the process, the clause ensures both parties understand their obligations and helps prevent disputes or misunderstandings regarding how the repurchase should be conducted.
Manner of Repurchase. Any Asset purchased pursuant to Section 2.06(a), (b), (c) or (d) hereof shall be purchased at the Repurchase Price for such Asset. The Seller, the Company or the Servicer, as appropriate (any of the foregoing, a "Repurchaser"), shall deposit into the Certificate Account, on the date of purchase, the Repurchase Price for each Asset to be purchased. Upon such deposit and upon being provided by the Repurchaser with appropriate instruments of transfer or assignment, the Trustee shall execute and deliver such instruments of transfer or assignment, in each case without recourse, representation or warranty, as shall be necessary to vest in the Repurchaser any Asset purchased hereunder, and the Trustee shall deliver to the Repurchaser any Asset Documents relating to the repurchased Asset that are in the Trustee's possession, whereupon the Trustee shall have no further responsibility with regard to such Asset. If a Repurchaser shall, in accordance with the foregoing, purchase any Asset required by it to be purchased, neither the Trustee nor any Certificateholder shall have any other remedy against such Repurchaser based on any misrepresentation or breach of covenant or warranty of such Repurchaser with respect to or resulting from any such Asset. The Servicer will be responsible for determining the Repurchase Price for any Asset (and the related Basis Limit Amount for any Converted Loan) to be repurchased pursuant to this Section 2.06 and shall certify such amounts to the Trustee at the time of any such purchase. If, for whatever reason, the Servicer shall certify to the Trustee that there is a miscalculation of the amount to be paid to the Trust, the Trustee shall from monies in the Distribution Account return any overpayment that the Trust received as a result of such miscalculation to the applicable Repurchaser upon the discovery of such overpayment, and the Servicer shall collect from the applicable Repurchaser for payment to the Trustee any underpayment that resulted from such miscalculation upon the discovery of such underpayment. Recovery may be made either directly or by set-off of all or any part of such underpayment against amounts owed by the Trust to such Repurchaser.
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Manner of Repurchase. CFC shall effect any repurchase of a Loan and Related Interests pursuant to this Article 7 through the deposit of the repurchase price set forth in Section 7.02 above into the Collection Account in immediately available funds.
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Manner of Repurchase. Subject always to the requirements of the Relevant Laws, Regulations and Guidelines, for so long as the Trust is Listed on the SGX-ST, the Manager may: 7.7.1 purchase or acquire Units on a securities exchange (“Market Purchase”); or 7.7.2 make an offer to repurchase Units, otherwise than on a securities exchange and by way of an “off-market” acquisition of the Units on an “equal access scheme” (as defined below) (“Off-Market Purchase”), (each a form of “Unit Buy-Back”), and to deal with any of the Units so purchased or acquired in accordance with this Clause 7. For the purpose of this Clause 7, an equal access scheme is a scheme which satisfies the following criteria: (i) the offers under the scheme are to be made to every person who holds Units to purchase or acquire the same percentage of their Units; (ii) all of those persons have a reasonable opportunity to accept the offers made to them; and (iii) the terms of all the offers are the same except that there shall be disregarded: (a) differences in consideration attributable to the fact that the offers relate to Units with different accrued distribution entitlements; (b) differences in consideration attributable to the fact that the offers relate to Units with different amounts remaining unpaid; and (c) differences in the offers introduced solely to ensure that each Holder is left with a whole number of Units.
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Related to Manner of Repurchase

  • Right of Repurchase To the extent provided in the Company's bylaws as amended from time to time, the Company shall have the right to repurchase all or any part of the shares of Common Stock you acquire pursuant to the exercise of your option.

  • Termination of Repurchase Option Sections 2, 3, 4 and 5 of this Agreement shall terminate upon the exercise in full or expiration of the Repurchase Option, whichever occurs first.

  • Deposit of Repurchase Price On or prior to the Repurchase Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 10.03) an amount of money sufficient to pay the Repurchase Price of the Securities which are to be repaid on the Repurchase Date.

  • Exercise of Repurchase Right Any Repurchase Right under Paragraphs 15(a) or 15(b) shall be exercised by giving notice of exercise as provided herein to Optionee or the estate of Optionee, as applicable. Such right shall be exercised, and the repurchase price thereunder shall be paid, by the Company within a ninety (90) day period beginning on the date of notice to the Company of the occurrence of such Repurchase Event (except in the case of termination or cessation of services as director, where such option period shall begin upon the occurrence of the Repurchase Event). Such repurchase price shall be payable only in the form of cash (including a check drafted on immediately available funds) or cancellation of purchase money indebtedness of the Optionee for the Shares. If the Company can not purchase all such Shares because it is unable to meet the financial tests set forth in the Nevada corporation law, the Company shall have the right to purchase as many Shares as it is permitted to purchase under such sections. Any Shares not purchased by the Company hereunder shall no longer be subject to the provisions of this Section 15.

  • Exercise of Repurchase Option The Repurchase Option shall be exercised by written notice signed by an officer of the Company or by any assignee or assignees of the Company and delivered or mailed as provided in Section 17(a). Such notice shall identify the number of shares of Stock to be purchased and shall notify Purchaser of the time, place and date for settlement of such purchase, which shall be scheduled by the Company within the term of the Repurchase Option set forth in Section 2(a) above. The Company shall be entitled to pay for any shares of Stock purchased pursuant to its Repurchase Option, at the Company's option, in cash or by offset against any indebtedness owing to the Company by Purchaser, or by a combination of both. Upon delivery of such notice and payment of the purchase price in any of the ways described above, the Company shall become the legal and beneficial owner of the Stock being repurchased and all rights and interest therein or related thereto, and the Company shall have the right to transfer to its own name the Stock being repurchased by the Company, without further action by Purchaser.