Common use of INFO PUT Clause in Contracts

INFO PUT. Commencing on the third anniversary after the Closing Date and continuing until the earlier to occur of: (a) the closing of an underwritten public equity offering of EDCO, or (b) any event which results in either a Change of Control of either party or a change of more than twenty percent (20%) in the percentage ownership of either party in EDCO, INFO will have a Put Option to sell its equity position in EDCO to BHW at a valuation determined by a fair value appraisal (with no discount applied for illiquidity or minority interest).