Minority Shareholders Put Option Sample Clauses
Minority Shareholders Put Option. The Majority Shareholder does hereby grant each Minority Shareholder individually an irrevocable and exclusive put option (the "Put Option" and, together with the Call Option, the "Options") on all the Shares and Ancillary Rights held by the Majority Shareholder at the time of exercise of the Put Option. In the event a Minority Shareholder shall exercise the Put Option, the Majority Shareholder agrees to purchase from said Minority Shareholder, and the Minority Shareholder shall have the right to sell to the Majority Shareholder, such Shares, free of any lien, encumbrance or third parties' rights.
Minority Shareholders Put Option. After the expiry of the Share Swap Deadline Date, the Minority Shareholders shall have the right (but not the obligation) to Transfer, and cause their respective Permitted Affiliates to Transfer, up to such number of Securities forming part of the Minority Equity Interests as set out in table below in Clause 7.2.3(b) to Mold-Tech (such right being the “Minority Shareholders Put Option”) by sending a written notice in this regard to Mold-Tech and the Company (“Put Option Notice”). The Put Option Notice shall specify the identity of the Minority Shareholders and/or their respective Permitted Affiliates who propose to Transfer Securities to Mold-Tech and the total number of Securities proposed to be Transferred by each of them to Mold-Tech (“Put Securities”). Within 60 (sixty) days of the date of issue of the Put Option Notice, Mold-Tech shall be obligated to purchase the relevant Put Securities specified in the Put Option Notice for the Sale Consideration. SHAREHOLDERS’ AGREEMENT