Option to Purchase Additional Units Sample Clauses

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Option to Purchase Additional Units. From the Closing Date through and including December 31, 2013 (the “Option Period”), FNF will have the option (the “FNF Option”), but not the obligation, to purchase from the Seller 15,287 Units of the Company (the “FNF Option Units”) in exchange for $6,000,000 (the “FNF Option Price”). FNF may exercise the FNF Option at any time during the Option Period by providing notice to the Seller of such exercise in accordance with Section 9(f) (the “FNF Option Exercise Notice”). No later than five (5) days after the delivery of the FNF Option Exercise Notice, (A) FNF shall deliver to the Seller the FNF Option Price for the FNF Option Units and (B) the Seller shall deliver to FNF, the FNF Option Units, free from all taxes, liens and charges, together with a certificate evidencing ownership of the FNF Option Units, duly endorsed in blank or accompanied by an irrevocable transfer power. FNF may assign the FNF Option to any third party without the consent of the Seller.
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Option to Purchase Additional Units. Subject to the approval of the shareholders of the Company becoming effective in accordance with Section 1.4, the Company has authorized and hereby grants to NLAG, or NLAG's designees, effective upon the Closing, an option (the "Option") to purchase from the Company for cash up to all or any of the Option Units for a purchase price of $100.00 per Unit, subject to adjustment as provided in this Section. The Option may be exercised in whole or in part at any time, and from time to time, prior to the earliest of (a) January 25, 2003, or (b) ninety (90) days after the Company's shares are relisted for trading on the NASDAQ Small Cap Market or listed on any other national exchange or quotation system. The Option shall be deemed exercised when the Company has received (i) written notice of such exercise from NLAG or NLAG's designees and (ii) payment of the option purchase price for all Option Units as to which this Option is exercised. Upon (and as a part of) exercise of all or any part of the Option as provided in this Section, the Company shall promptly issue and deliver to each purchaser a certificate or certificates for the number of Shares and a Warrant Agreement for the number of Warrants to be issued upon such exercise. The Option shall be deemed to be exercised at the close of business on the date the Option is exercised and the purchaser of the Option Units shall be treated for all purposes as the record holder of the Shares being purchased on such date. Holders of Warrants shall have no rights with respect to shares of Common Stock issuable upon exercise of such Warrants until such Warrants have been duly exercised pursuant to the terms and conditions thereof. The Company shall make or provide for such adjustments in the numbers of Option Units, in the price per Option Unit applicable to the Option, and in the kind and number of Shares and Warrants covered by the Option, as is equitably required to prevent dilution or enlargement of the rights of NLAG or its designees that otherwise would result from any stock dividend, stock split, combination of shares, recapitalization or other change in the capital structure of the Company or any other corporate transaction or event having a similar effect. Upon exercise of all or any part of the Option and before any Shares or Warrants are issued pursuant to such exercise, the purchasers of the Option Units (the "Option Purchasers") shall make representations and warranties to the Company substantially similar to ...
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Option to Purchase Additional Units. Subject to the terms and conditions contained in Sections 3.2. and 3.3. below, Hu▇▇▇ ▇hall have an option (the "Option") to purchase from Sellers up to an additional 43 Units ("Option Units"), 21.5 limited partnership Units from Si▇▇▇ ▇nd 21.5 limited partnership Units from Forte, at the price of $405,000 for all such Option Units or $9,456 per Unit (the "Option Price"). The Option shall be exercised, if at all, within 90 days from the date the Loan is repaid in full.
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Related to Option to Purchase Additional Units

  • Option to Purchase Subject to Section 3.5, the Receiver hereby grants to the Assuming Institution an exclusive option for the period of ninety (90) days commencing the day after Bank Closing to purchase any or all owned Bank Premises, including all Furniture, Fixtures and Equipment located on the Bank Premises. The Assuming Institution shall give written notice to the Receiver within the option period of its election to purchase or not to purchase any of the owned Bank Premises. Any purchase of such premises shall be effective as of the date of Bank Closing and such purchase shall be consummated as soon as practicable thereafter, and in no event later than the Settlement Date. If the Assuming Institution gives notice of its election not to purchase one or more of the owned Bank Premises within seven (7) days of Bank Closing, then, not withstanding any other provision of this Agreement to the contrary, the Assuming Institution shall not be liable for any of the costs or fees associated with appraisals for such Bank Premises and associated Fixtures, Furniture and Equipment.

  • Distribution of Rights to Purchase Shares (a) Distribution to ADS Holders Whenever the Company intends to distribute to the holders of the Deposited Securities rights to subscribe for additional Shares, the Company shall give notice thereof to the Depositary at least 60 days prior to the proposed distribution stating whether or not it wishes such rights to be made available to Holders of ADSs. Upon receipt of a notice indicating that the Company wishes such rights to be made available to Holders of ADSs, the Depositary shall consult with the Company to determine, and the Company shall determine, whether it is lawful and reasonably practicable to make such rights available to the Holders. The Depositary shall make such rights available to Holders only if (i) the Company shall have timely requested that such rights be made available to Holders, (ii) the Depositary shall have received satisfactory documentation within the terms of Section 5.7, and (iii) the Depositary shall have determined that such distribution of rights is lawful and reasonably practicable. In the event any of the conditions set forth above are not satisfied, the Depositary shall proceed with the sale of the rights as contemplated in Section 4.4(b) below or, if timing or market conditions may not permit, do nothing thereby allowing such rights to lapse. In the event all conditions set forth above are satisfied, the Depositary shall establish an ADS Record Date (upon the terms described in Section 4.7) and establish procedures (x) to distribute such rights (by means of warrants or otherwise) and (y) to enable the Holders to exercise the rights (upon payment of applicable (a) fees and charges of, and expenses incurred by, the Depositary and (b) taxes and other governmental charges). Nothing herein shall obligate the Depositary to make available to the Holders a method to exercise such rights to subscribe for Shares (rather than ADSs).

  • Distribution of Rights to Purchase Additional ADSs Upon the timely receipt by the Depositary of a notice indicating that the Company wishes rights to subscribe for additional Shares to be made available to Holders of ADSs, the Depositary upon consultation with the Company, shall determine, whether it is lawful and reasonably practicable to make such rights available to the Holders. The Depositary shall make such rights available to any Holders only if (i) the Company shall have timely requested that such rights be made available to Holders, (ii) the Depositary shall have received satisfactory documentation within the terms of Section 5.7 of the Deposit Agreement, and (iii) the Depositary shall have determined that such distribution of rights is reasonably practicable. If such conditions are not satisfied or if the Company requests that the rights not be made available to Holders of ADSs, the Depositary shall sell the rights as described below. In the event all conditions set forth above are satisfied, the Depositary shall establish the ADS Record Date (upon the terms described in Section 4.9 of the Deposit Agreement) and establish procedures to (x) distribute rights to purchase additional ADSs (by means of warrants or otherwise), (y) enable the Holders to exercise such rights (upon payment of the subscription price and of the applicable (a) fees and charges of, and expenses incurred by, the Depositary and (b) taxes), and (z) deliver ADSs upon the valid exercise of such rights. Nothing herein or in the Deposit Agreement shall obligate the Depositary to make available to the Holders a method to exercise rights to subscribe for Shares (rather than ADSs). If (i) the Company does not timely request the Depositary to make the rights available to Holders or requests that the rights not be made available to Holders, (ii) the Depositary fails to receive satisfactory documentation within the terms of Section 5.7 of the Deposit Agreement or determines it is not reasonably practicable to make the rights available to Holders, or (iii) any rights made available are not exercised and appear to be about to lapse, the Depositary shall determine whether it is lawful and reasonably practicable to sell such rights, in a riskless principal capacity, at such place and upon such terms (including public and private sale) as it may deem practicable. The Depositary shall, upon such sale, convert and distribute proceeds of such sale (net of applicable (a) fees and charges of, and expenses incurred by, the Depositary and (b) taxes) upon the terms hereof and of Section 4.1

  • Conditions to Purchase of Option Securities In the event that the Underwriters exercise their option provided in Section 2(b) hereof to purchase all or any portion of the Option Securities, the representations and warranties of the Company contained herein and the statements in any certificates furnished by the Company and any of its subsidiaries hereunder shall be true and correct as of each Date of Delivery and, at the relevant Date of Delivery, the Representatives shall have received:

  • Election to Purchase (To Be Executed Upon Exercise of Warrant)