Common use of Exercise of Put Option Clause in Contracts

Exercise of Put Option. The Put Option may be exercised during the Put Option Period with respect to all or any portion of the Put Shares. Such option shall be exercised by such Holder giving notice to the Company and each other Holder during the Put Option Period of the Holder's election to exercise the Put Option, and the date of the Put Option Closing, which will be not less than fifteen (15) nor more than ninety (90) days after the date of such notice. The Company will provide each Holder desiring to exercise its Put Option the name and address of each other Holder. Notwithstanding the foregoing, if a Holder receives such notice of another Holder's exercise of such other Holder's Put Option, the Holder receiving such notice may elect to exercise its Put Option and designate a Put Option Closing simultaneous and pari passu with that of such other Holder.

Appears in 3 contracts

Samples: Priority Shareholder Agreement (Jotan Inc), Shareholder Agreement (Jotan Inc), Shareholder Agreement (F Jotan LLC)

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Exercise of Put Option. The Put Option may be exercised during ---------------------- the Put Option Period with respect to all or any portion of the Put Shares. Such option shall be exercised by such Holder giving notice to the Company and each other Holder during the Put Option Period of the Holder's election to exercise the Put Option, and the date of the Put Option Closing, which will be not less than fifteen (15) nor more than ninety (90) days after the date of such notice. The Company will provide each Holder desiring to exercise its Put Option the name and address of each other Holder. Notwithstanding the foregoing, if a Holder receives such notice of another Holder's exercise of such other Holder's Put Option, the Holder receiving such notice may elect to exercise its Put Option and designate a Put Option Closing simultaneous and pari passu with that of such other Holder.. Shareholder Agreement - Page 4 ---------------------

Appears in 1 contract

Samples: Shareholder Agreement (Rice Partners Ii L P)

Exercise of Put Option. The Put Option may be exercised during If the majority of the Holders elect to exercise the Put Option Period with respect to all or any portion of the Put Shares. Such option Option, such Holders shall be exercised by such Holder giving give notice to the Company Parent and each other Holder during the Put Option Period of the Holder's such Holders’ election to exercise the Put Option, and specifying, among other things, the date of on which the Put Option ClosingClosing (as hereinafter defined) shall occur, which will date shall not be not less than fifteen twenty-one (15) nor more than ninety (9021) days after the date of such notice. The Company will provide each Holder desiring to exercise its Put Option the name and address of each other Holder. Notwithstanding the foregoing, if If a Holder receives such notice of another Holder's such other Holders’ exercise of such other Holder's Holders’ Put OptionOptions and the Put Option of the Holder receiving such notice is effective pursuant to Section 10.1, the Holder receiving such notice may elect to exercise its Put Option and designate a Put Option Closing simultaneous and pari passu with that of such other Holders. Parent will provide each Holder desiring to exercise its Put Option with the name and address of each other Holder.

Appears in 1 contract

Samples: Note and Equity Purchase Agreement (American Capital Strategies LTD)

Exercise of Put Option. The Put Option may be exercised during If the majority of the Holders elect to exercise the Put Option Period with respect to all or any portion of the Put Shares. Such option Option, such Holders shall be exercised by such Holder giving give notice to the Company Parent and each other Holder during the Put Option Period of the Holder's such Holders' election to exercise the Put Option, and specifying, among other things, the date of on which the Put Option ClosingClosing (as hereinafter defined) shall occur, which will date shall not be not less than fifteen twenty-one (15) nor more than ninety (9021) days after the date of such notice. The Company will provide each Holder desiring to exercise its Put Option the name and address of each other Holder. Notwithstanding the foregoing, if If a Holder receives such notice of another Holder's such other Holders' exercise of such other Holder's Holders' Put OptionOptions and the Put Option of the Holder receiving such notice is effective pursuant to Section 10.1, the Holder receiving such notice may elect to exercise its Put Option and designate a Put Option Closing simultaneous and pari passu with that of such other Holders. Parent will provide each Holder desiring to exercise its Put Option with the name and address of each other Holder.

Appears in 1 contract

Samples: Note and Equity Purchase Agreement (Corrpro Companies Inc /Oh/)

Exercise of Put Option. The Put Option may be exercised during the Put Option Period with respect to all or any portion of the Put Shares. Such option shall be exercised , by such Holder giving notice to the Company and each other Holder during the Put Option Period of the Holder's election to exercise the Put Option, and the date of the Put Option ClosingClosing (as defined below), which will be not less than fifteen (15) nor more than ninety thirty (9030) days after the date of such notice. The Company will provide each Holder desiring to exercise its Put Option the name and address of each other Holder. Notwithstanding the foregoing, if a Holder receives such notice of another Holder's exercise of such other Holder's Put Option, the Holder receiving such notice may elect to exercise its Put Option and designate a Put Option Closing simultaneous and pari passu with that of such other Holder.elect

Appears in 1 contract

Samples: Shareholder Agreement (RSTW Partners Iii Lp)

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Exercise of Put Option. The Put Option may be exercised during the Put Option Period with respect to all or any portion of the Put Shares. Such option shall be exercised , by such Holder giving notice to the Company and each other Holder during the Put Option Period of the Holder's election to exercise the Put Option, and the date of the Put Option Closing, which will be not less than fifteen (15) nor more than ninety forty five (9045) days after the date of such notice. The Company will provide each Holder desiring to exercise its Put Option the name and address of each other Holder. Notwithstanding the foregoing, if a Holder receives such notice of another Holder's exercise of such other Holder's Put Option, the Holder receiving such notice may elect to exercise its Put Option and designate a Put Option Closing simultaneous and pari passu with that of such other Holder.

Appears in 1 contract

Samples: Shareholder Agreement (Massic Tool Mold & Die Inc)

Exercise of Put Option. The Put Option may be exercised during the Put Option Period with respect to all or any portion of the Put Shares. Such option shall be exercised , by such Holder giving notice to the Company and to each other Holder Holder, either prior to or during the Put Option Period Period, of the Holder's ’s election to exercise the Put Option, and the date of the Put Option Closing, which will be not less than fifteen (15) nor more than ninety (90) days after the date of such notice. The Company will provide each Holder desiring to exercise its Put Option the name and address of each other Holder. Notwithstanding the foregoing, if a Holder receives such notice of another Holder's ’s exercise of such other Holder's ’s Put Option, the Holder receiving such notice may elect to exercise its Put Option and designate a Put Option Closing simultaneous and pari passu with that of such other HolderHolder if the Holder electing to exercise its Put Option under the circumstances described in this sentence gives notice of its election to the Company and such other Holder at least forty-five (45) days prior to such Put Option Closing.

Appears in 1 contract

Samples: Warrant Purchase Agreement (Kenan Advantage Group Inc)

Exercise of Put Option. The Put Option may be exercised during the Put Option Period with respect to all or any portion of the Put Shares. Such option shall be exercised by such Holder Purchaser giving notice to the Company and each other Holder Purchaser during the Put Option Period of the HolderPurchaser's election to exercise the Put Option, and the date of the Put Option Closing, which will be not less than fifteen (15) nor more than ninety (90) days after the date of such notice. The Company will provide each Holder Purchaser desiring to exercise its Put Option the name and address of each other HolderPurchaser. Notwithstanding the foregoing, if a Holder Purchaser receives such notice of another HolderPurchaser's exercise of such other HolderPurchaser's Put Option, the Holder Purchaser receiving such notice may elect to exercise its Put Option and designate a Put Option Closing simultaneous and pari passu with that of such other HolderPurchaser.

Appears in 1 contract

Samples: Stockholder Agreement (It Partners Inc)

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