Put option clause example
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On or before the second anniversary of the Effective Date the "Put Period" , the Company shall have the right to cause APL Sub or any Affiliate of APL Sub designated by APL Sub following its receipt of the Put Notice to purchase all, but not less than all, of the issued and outstanding membership interests of APL Ohio the "Put Interests" owned by the Company for no consideration the "Put Option" ; provided, however, that the Company has complied with the requirements of Section The Company may exercise the Put Option by providing written notice of such election to the APL Sub at least 30 days prior to the date the Company desires to consummate such transfer of APL Ohio the "Put Notice".
Upon receipt of the Put Notice, APL Sub or its Affiliate designee and the Company shall negotiate in good faith and enter into a definitive agreement to consummate such transfer of APL Ohio within 30 days of APL Sub's receipt of the Put Notice.
WFSG Sub shall have the sole and exclusive right to cause the Company to exercise the Put Option pursuant to this Section In the event APL Sub transfers all of its Interest pursuant to Article 8, such transferee, as a Member of the Company, shall be subject to the Put Option.
Appears in 3 contracts from 3 different companies: Upon the occurrence of, and during the continuation of, any Royalty Event of Default, in addition to any other rights and remedies available to ROS under this Royalty Agreement, any other Loan Document or otherwise, ROS shall have the right at its option to require Natera to purchase from ROS all of its rights to the remaining Royalty Payments that will become due pursuant to Section 2.
The amount payable by Natera to ROS in respect of the Put Option shall be the Purchase Price. If ROS elects to exercise its Put Option, it shall so notify Natera in writing the "Put Notice" , which Put Notice shall set forth a calculation of the Purchase Price in reasonable detail. Natera shall, on the fifth Business Day following its receipt of such Put Notice, pay the Purchase Price to ROS.
The payment of the Purchase Price pursuant to this Section 5. Appears in 4 contracts from 2 different companies: In the event that the Employer Securities distributed to a Participant are not readily tradable on an established market, the Participant shall be entitled to require that the Employer repurchase the Employer Securities under a fair valuation formula, as provided by governmental regulations.
The Participant or Beneficiary shall be entitled to exercise the put option described in the preceding sentence for a period of not more than 60 days following the date of distribution of Employer Securities to him.
If the put option is not exercised within such day period, the Participant or Beneficiary may exercise the put option during an additional period of not more than 60 days after the beginning of the first day of the first Plan Year following the Plan Year in which the first put option period occurred, all as provided in regulations promulgated by the Secretary of the Treasury. If a Participant exercises the foregoing put option with respect to Employer Securities that were distributed as part of a total distribution pursuant to which a Participant's Employee Stock Ownership Account is distributed to him in a single taxable year, the Employer or the Plan may elect to pay the purchase price of the Employer Securities over a period not to exceed 5 years.
What Is a Put Option in an Operating Agreement of an LLC? | yfyrurusus.web.fc2.com
Such payments shall be made in substantially equal installments not less frequently than annually over a period beginning not later than 30 days after the exercise of the put option. Reasonable interest shall be paid to the Participant with respect to the unpaid balance of the purchase price, and adequate security shall be provided with respect thereto.
In the event that a Participant exercises a put option with respect to Employer Securities that are distributed as part of an installment distribution, if permissible under Section 9.
Appears in 3 contracts from 2 different companies: First Northwest Bancorp , Capitol Federal Financial , First Northwest Bancorp. In the event the Transferring Founder should sell any Shares in contravention of the co-sale rights of the Investors under Section 2 b a "Prohibited Transfer" , the Investors, in addition to such other remedies as may be available at law, in equity or hereunder, shall have the put option provided below, and the Transferring Founder shall be bound by the applicable provisions of such option.
Put Option Agreement - Premier Research Worldwide Ltd. and Communicade Inc. - Sample Contracts and Business Forms
In the event of a Prohibited Transfer, each Investor shall have the right to sell to the Transferring Founder the type and number of shares of the Company's capital stock then held by such Investor equal to the number of shares each Investor would have been entitled to transfer to the third-party transferee s under Section 2 b hereof had the Prohibited Transfer been effected pursuant to and in compliance with the terms hereof.
Such sale shall be made on the following terms and conditions:.
Appears in 2 contracts from 2 different companies: Except as otherwise agreed in writing by the Company and a Manager, if any Manager ceases to be employed by the Company or any of its subsidiaries as a result of such Manager's death or Disability and if and to the extent permitted by the Internal Revenue Code including Section A thereof , such Manager or such Manager's estate or legal representatives and such Manager's Designees shall have the right to require the Company, on 30 days prior notice, out of funds legally available therefor, to repurchase all or any portion of such Manager's Covered Management Shares on a date that is a at least six months after the date on which such Manager or Manager Designee first exercised the Options underlying such Management Shares or, in the case of shares of Stock, acquired such Management Shares and b less than one year after such Manager ceases to be employed by the Company or any of its subsidiaries.
The purchase price per Share for each such Share that is a Vested Share shall be equal to the Fair Market Value of such Share and the purchase price per Share for each such Share that is an Unvested Share determined as of the date of termination shall be equal to the lower of Cost or Fair Market Value of such Share. The Stockholder may exercise the Put Option at any time during the Put Period by giving written notice of such exercise to Arena, specifying the number of Shares with respect to which the Put Option is being exercised the Put Shares.
In the event the Stockholder exercises the Put Option, Arena shall be obligated to purchase the Put Shares from the Stockholder for the Per Share Put Price. The closing of the purchase and sale of the Put Shares shall be held at Arenas principal office within thirty 30 days following the date of the written notice exercising the Put Option.
At closing, Arena shall deliver to the Stockholder the amount of the purchase price for the Put Shares in immediately available funds, and the Stockholder shall deliver to Arena the stock certificate s representing the Put Shares, properly endorsed for transfer to Arena.
The Majority Noteholders may, at their option, put all or any portion of the Note Principal Balance of the Notes to the Issuer on any date upon giving notice in the manner set forth in Section On each Put Date, the Issuer shall purchase the Note Principal Balance in the manner specified in and subject to the provisions of Section In the event that Executive is no longer employed by the Company by reason of Executive's death, Disability, or retirement in the ordinary course,.
Upon Shareholder's retirement, death or disability each a "Triggering Event" , Shareholder or Shareholder's personal representative or other successor in interest "Successor" , as the case may be, may require the Company to repurchase all or any portion of the Shares held by Shareholder or Shareholder's Successor the "Put Option" in accordance with the terms of this Section 3; provided, however, that if a Triggering Event occurs prior to December 26, , such Triggering Event shall, for purposes of this Agreement, be deemed to occur as of December 26, The term "disability" means a mental or physical impairment which occurs while Shareholder is an employee of the Company or any subsidiary of the Company and which is expected to result in death or which has lasted or is expected to last for a continuous period of The Majority Noteholders may, at their option, effect a put of the entire outstanding Note Principal Balance, or any portion thereof, to the Trust on any date by exercise of the Put Option.
The Majority Noteholders shall effect such put by providing notice thereof in accordance with Section Unless otherwise agreed by the Majority Noteholders, on the third Business Day prior to the Put Date, the Issuer shall deposit the Note Redemption Amount into the Distribution Account and, if the Put Date occurs after the termination of the Revolving Period and constitutes a put of the entire outstanding Note Principal Balance, any amounts then on deposit in the Collection Account other than any amounts withdrawable pursuant to Section 5.
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