Examples of Put Option Letter in a sentence
Upon the occurrence of any event specified in Sections 1, 2, 3, 4, 5, 6 or 7 of the Put Option Letter, Arabica may exercise the Put Option and require the Company to purchase, and upon such exercise the Company shall be obligated to purchase and pay for, Assets in accordance with the terms of the Put Option Letter.
If the affected party determines in good faith that it is unable, within any period which the relevant introduction, variation or change may allow, to avoid the effects of the same, then the Put Option may be exercised by Arabica in accordance with Section 2 of the Put Option Letter.
In fulfilling any of its obligations or exercising any of its rights under this Agreement, the Supplemental Agreement, the Put Option Letter, the Call Option Letter or any agreement entered into in connection herewith, Arabica may designate and utilize an agent, nominee or representative, which shall, unless otherwise indicated by Arabica, have right and authority to act on behalf of Arabica.
Arabica and the Company agree to cooperate in good faith and to execute and deliver such documents and further assurances consistent with and in clarification of the characterization and intent of the parties with respect to this Agreement, the Supplemental Agreement, the Put Option Letter and the Call Option Letter.
If you are in agreement with the terms of this Put Option Letter, please indicate such agreement by signing this Put Option Letter in the space indicated below.
In relation to a Property, the Master Lease, the Put Option Letter, the Call Option Letter, the Supplemental Agreement and the Tax Matters Agreement for such Property.
Arabica and the Company agree that, for all income tax purposes only, the Acquisition Cost to be paid by the Company (whether under Section 1 of Schedule 6(a) to the Amended Lease, pursuant to the Amended Put Option Letter, pursuant to the Amended Call Option Letter, or otherwise) constitutes a payment of principal and the Rental Rate to be paid by the Company (whether under Section 1 of Schedule 6(a) to the Amended Lease, Section 6 of the Amended Lease, or otherwise) constitutes a payment of interest.
The obligation of the Company to pay Rent, Supplemental Payments and all other amounts payable under the Agreement, this Schedule 6(a), the Put Option Letter and the Call Option Letter shall be full recourse obligations of the Company.
This Put Option Letter has been duly authorized by all relevant corporate bodies of the Purchaser and duly executed and delivered and constitutes a valid, legal and binding obligation on the Purchaser, enforceable against Purchaser in accordance with its terms.
By countersigning the Put Option Letter (the date of such signature being referred to as the Put Option Date), the Beneficiaries Representative, on behalf of the Beneficiaries, accept the benefit of the Put Option as an option solely, without undertaking to exercise such option.