2002 Put Right Clause Samples
The 2002 Put Right clause grants a party the contractual right to require the counterparty to purchase a specified asset or interest at a predetermined price or under set conditions. Typically, this right is exercisable within a defined time frame or upon the occurrence of certain events, such as a change in control or failure to meet performance targets. By providing a clear mechanism for exit or liquidity, the clause protects the holder from unfavorable market changes or business developments, ensuring they can realize value or limit losses as needed.
2002 Put Right. Unless an IPO has occurred prior to April 1, 2002, at any time during the period commencing on May 31, 2002 and ending on June 17, 2002 (the "2002 Put Period" and, together with the 2000 Put Period and the 2001 Put Period, a "Put Period"), each Holder shall have the right (the "2002 Put Right") to require that RSI purchase any or all of the Common Stock owned by such Holder (but subject to the minimum put requirement set forth in Section 7.3(c)), for a price per share equal to the Fair Market Value of such Common Stock (the "2002 Put Price"), determined in accordance with the procedures set forth in Section 7.
2002 Put Right. Unless an IPO has occurred prior to April 1, -------------- 2002, at any time during the period commencing on June __, 2002 and ending on June 17, 2002 (the
2002 Put Right. Unless an IPO has occurred prior to April 1, 2002, at any time during the period commencing on June , 2002 and ending on June 17, 2002 (the “2002 Put Period” and, together with the 2000 Put Period and the 2001 Put Period, a “Put Period”), each Holder shall have the right (the “2002 Put Right”) to require that RSI purchase any or all of the Common Stock owned by such Holder (but subject to the minimum put requirement set forth in Section 7.3(c)), for a price per share equal to the Fair Market Value of such Common Stock (the “2002 Put Price”), determined in accordance with the procedures set forth in Section 7.4. Each Holder electing to exercise the 2002 Put Right (a “2002 Put Exercising Holder” and together with a 2001 Put Exercising Holder, the “Exercising Holders”) shall exercise such right by a written notice (the “2002 Put Notice”) delivered to RSI during the 2002 Put Period.
2002 Put Right. 20 7.4. Procedures to Determine Fair Market Value........................................ 22 7.5. Indemnification of Designated Holder............................................. 23