Common use of First Put Closing Clause in Contracts

First Put Closing. The Buyer and the Seller acknowledge and agree that, on June 17, 2024, the Seller has an, and hereby exercises its, option to sell to the Buyer the First Put Royalty Payment Tranche (such purchase and sale of such First Put Royalty Payment Tranche, the “First Put Closing”). ​

First Put Closing. The Buyer and the Seller acknowledge and agree that, on June 17, 2024, the Seller has had an, and hereby exercises exercised its, option to sell to the Buyer the First Put Royalty Payment Tranche (such purchase and sale of such First Put Royalty Payment Tranche, the “First Put Closing”). ​.