Exercise of Right definition

Exercise of Right. If the Stockholder or any Authorized Transferee (the "Transferor") desires to transfer all or any part of the Restricted Shares as to which the Company's Repurchase Option has expired ("Vested Shares") to any person other than the Company (an "Offeror"), the Transferor shall: (i) obtain in writing an irrevocable and unconditional bona fide offer (the "Offer") for the purchase thereof from the Offeror; and (ii) give written notice (the "Transfer Notice") to the Company setting forth the Stockholder's desire to transfer such shares, which Transfer Notice shall be accompanied by a photocopy of the Offer and shall set forth at least the name and address of the Offeror and the price and terms of the bona fide offer. Upon receipt of the Transfer Notice, the Company shall have a non-assignable option to purchase all (and not less than all) of such shares (the "Option Shares") specified in the Transfer Notice, such option to be exercisable by giving, within 15 days after receipt of the Transfer Notice, a written counter-notice to the Transferor. If the Company elects to repurchase all of such Option Shares, it shall be obligated to purchase, and the Stockholder shall be obligated to sell such Option Shares, at the price and terms indicated in the Offer within 15 days from the date of delivery by the Company of such counter-notice.
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Exercise of Right. BY FIRM AGENT OR ASSIGNEE Any right herein conferred upon, or reserved by the Firm, may be exercised by a written and appropriately designated Agent or Assignee of the Firm. HEADINGS All headings utilized in this Agreement, including all exhibits, are used for convenience only and shall not be construed as material language or interpretation of this Agreement.
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Examples of Exercise of Right in a sentence

  • Rights are exercised by delivering a signed Notice of Exercise of Right form to the Treasury Desk at the Home Office (a fax received there qualifies as delivery).

  • In the case of any such delivery by facsimile transmission, the original Notice of Exercise of Right form shall be promptly forwarded by you by hand or mail to the Treasury Desk, but delivery thereof to the Treasury Desk shall not be a condition to exercise of the right and the receipt of the facsimile transmission by the Treasury Desk shall be sufficient therefor.

  • If a properly executed Notice of Exercise of Right form is not received by the Treasury Desk of the Company by the applicable expiration date specified in Sections 2(a), 4 or 5, such notice will be deemed void and of no effect.

  • If both the Town and HFHSVV submit a Notice of Exercise of Right, HFHSVV shall be given priority and HFHSVV shall have the first opportunity to purchase the Property.

  • If HFHSVV does not enter into a contract to purchase the Property within seven (7) days of its Notice of Exercise of Right, the Town shall have an additional seven (7) days, for a total of 14 days from HFHSVV’s Notice of Exercise of Right, in which to exercise its right to purchase by entering into a contract to purchase the Property.

  • If a properly executed Notice of Exercise of Right form is not received by the Treasury Desk of the Company by the applicable expiration date specified in Sections 2(a), 4 or 5, or if a properly executed notice of exercise of limited right is not received by the Treasury Desk of the Company or the equivalent at its successor by the expiration date specified in Section 8(d), such notice will be deemed void and of no effect.

  • SHARES 30 11.1 Right to Participate in New Issuance 30 11.2 Exercise of Right 30 11.3 Closing 31 ARTICLE 12 SHARES CERTIFICATE LEGEND 31 ARTICLE 13 AFTER-ACQUIRED SECURITIES 32 ARTICLE 14 TRANSACTIONS WITH AFFILIATES 33 14.1 Limitation on Transactions with Affiliates 33 14.2 Exceptions 33 ARTICLE 15 TERMINATION 33 15.1 General.

  • Tenant shall have thirty (30) days after receipt of the Authority’s Notice of Proposed Agreement in which to exercise its Right of First Refusal as to that portion of the Available Space (Tenant’s notice of exercise of its Right of First Refusal being referred to herein as the “Notice of Exercise of Right of First Refusal”).

  • Except as set forth below or elsewhere in this Agreement, the obligations and rights of the parties under Sections 9.2. "Indemnification", 9.3 "Control of Defense", 10.3 "Effect of Expiration; Termination; Surviving Obligations", 10.4 "Exercise of Right to Terminate", 10.5 "Damages; Relief", 11.1 "Dispute Resolution and Arbitration", 11.2 "Confidentiality" and 11.3 "Governing Law and Venue" shall survive expiration or termination of this Agreement.

  • The purchase (by the Town or the Town’s assignee, or HFHSVV or its assignee) must be completed within forty-five (45) days of the Notice of Exercise of Right, or the Owner may sell the Property as provided in Section 4 above.

Related to Exercise of Right

  • Conversion Right has the meaning set forth in Section 4.05(a) hereof.

  • Conversion Rights has the meaning set forth in Section 5.1.

  • Subscription Rights means the right to participate in the Rights Offering.

  • Exercise Right means the Exercise Right as specified in § 3 (1) of the Special Conditions.

  • Financial Transmission Right Option means a right to receive Transmission Congestion Credits as specified in Operating Agreement, Schedule 1, section 5.2.2(c), and the parallel provisions of Tariff, Attachment K-Appendix, section 5.2.2(c).