Payment and Redelivery of Company Option or Shares. In the event BUG exercises its rights under this Sec- tion 7, the Company shall, within 10 business days thereafter, pay the required amount to BUG in immediately available funds and BUG shall surrender to the Company the Company Option or the certificates evidencing the Company Shares purchased by BUG pursuant thereto, and BUG shall warrant that it owns the Com- pany Option or such shares and that the Company Option or such shares are then free and clear of all liens, claims, damages, charges and encumbrances of any kind or nature whatsoever.
Appears in 1 contract
Payment and Redelivery of Company Option or Shares. In the event BUG exercises its rights under this Sec- tion Section 7, the Company shall, within 10 business days thereafter, pay the required amount to BUG in immediately available funds and BUG shall surrender to the Company the Company Option or the certificates evidencing the Company Shares purchased by BUG pursuant thereto, and BUG shall warrant that it owns the Com- pany Company Option or such shares and that the Company Option or such shares are then free and clear of all liens, claims, damages, charges and encumbrances of any kind or nature whatsoever.
Appears in 1 contract