Common use of 2000 Put Right Clause in Contracts

2000 Put Right. (a) 2000 Put Right. At any time during the period commencing on October 31, 2000 and ending on November 15, 2000 (the "2000 Put Period"), each Holder shall have the right (the "2000 Put Right") to require that RSI purchase up to [__%][percentage to be equal to (i) the amount by which the total dollar value of the Common Stock held by all Holders immediately following the Closing exceeds $100 million, divided by (ii) the total dollar value of the Common Stock held by all Holders immediately following the Closing] of the Common Stock owned by such Holder, for a price per share equal to the 2000 Put Price (as defined below). The "2000 Put Price" of each share of Common Stock to be sold pursuant to the 2000 Put Right shall be the greater of: (i) the Fair Market Value (as defined below) of such Common Stock, determined in accordance with the procedures set forth Section 7.4; (ii) the Consideration (as defined in the U.S. Stock Purchase Agreement, subject to future adjustment in the event of stock splits, stock dividends and similar events); or (iii) the highest price per share of Common Stock (or the implied value of the Common Stock in connection with the issuance of any convertible security of the Company) (subject to future adjustment in the event of stock splits, stock dividends and similar events) received by RSI or the Company in any sale or issuance thereof from and after the date hereof through the last day of the 2000 Put Period. Each Holder electing to exercise the 2000 Put Right (a "2000 Put Exercising Holder") shall exercise such right by a written notice (the "2000 Put Notice") delivered to RSI and the Company during the 2000 Put Period.