Payment of Put Price. Notwithstanding any other provision contained herein to the contrary, the Holder will accept in payment of the Put Price a promissory note with interest at 10% per annum and monthly payments of principal and interest amortizing principal and interest over twenty four (24) months in which all interest and principal is due not less than twenty four (24) months after the Put is exercised with the right to prepay; in whole or in part, without penalty.
Payment of Put Price. The Put Price payable by HSI at the Put Closing shall be payable in a single cash payment by wire transfer of immediately available funds to an account designated by Oak Hill in writing at least two (2) days prior to the Put Closing.
Payment of Put Price. The Put Price shall be paid quarterly by the Purchaser in installment of $750,000 each, starting on the date which is 30 days from the date of the Put Notice. The Purchaser however agrees to pay in advance the first quarterly payment at the Date of Closing.
Payment of Put Price. Payment of the Put Price payable upon the exercise of any Put shall be made by the Parent to the Exercising Lender in the manner required by Section 6.16(a) within fifteen (15) days after the Put Price has been determined, unless the Put Price is determined in connection with the occurrence of a Liquidity Event (in which case the Put Price shall be payable concurrently with the occurrence of the Liquidity Event). Each Borrower hereby, jointly and severally, guarantees and becomes surety for the prompt payment and satisfaction of the Put Price hereunder.
Payment of Put Price. At the Put Closing, each Put Holder shall deliver to the Company certificates representing such Put Holder's Put Shares to be Repurchased by the Company and the Company shall deliver to such Put Holder the Put Price for such Put Shares by cashier's or certified check payable to such Put Holder or by wire transfer of immediately available funds to an account designated by such Put Holder to the extent any such Repurchase for cash is not prohibited (either directly or by prohibition of distributions from Citadel to the Company) by (i) the provisions of applicable state law, (ii) the provisions of the Senior Credit Agreement, the Class A Note Agreement or the Voting Agreement or (iii) the terms and provisions of any refinancing of the principal amount outstanding pursuant to the Senior Credit Agreement at the time of such refinancing and the note(s) issued pursuant to the Senior Credit Agreement at the time of such refinancing, to the extent any such refinancing does not increase the principal amount which would otherwise then be outstanding under the Senior Credit Agreement and the related note(s) by more than $500,000; provided that such Put Holder shall be entitled to rescind any portion of the exercised Put if any portion of the Put Price for such Put Holder's Put Shares is not paid in cash during the 10- day period described in Section 4.4. The Company agrees to (x) use best efforts, and to cause Citadel to use best efforts, to request after the exercise of a Put that the Senior Lender, the lenders under the Class A Note Agreement, and any lender under any refinancing permitted pursuant to clause (iii) in the immediately preceding sentence, allow the Company to pay the Put Price for all
Payment of Put Price. To the extent that the Company has available cash therefor as determined in good faith by the Board of Directors of the Company, taking into account such factors as limitations imposed by applicable law, the amount of cash revenues then required for the Company's operations and acquisition strategy and such other factors as the Board, in its sole and exclusive judgment, deems appropriate ("Available Cash"), it shall pay the Put Price in cash. In the event the Put Price exceeds Available Cash, the Company shall pay such excess in the form of a promissory note, which promissory note (i) shall have substantially the terms described on Exhibit C hereto and (ii) shall be secured by a pledge of that portion of the Remaining Shares not purchased for cash. Available Cash, if any, shall be allocated to each Put Optionee who exercises during a given Put Window on a pro-rata basis.
Payment of Put Price. On the date of the consummation of the purchase of the Shares subject to a Put (such date being referred to as the "Put Closing Date"), which date shall be not earlier than 10 days or later than 30 days from the date a Put Notice is delivered, as determined by the Optionee, the Optionee shall pay to the Shareholder who has delivered such Put Notice an amount equal to the number of Shares being put by such person, multiplied by the EXHIBIT A Put Price (the "Put Payment"). The Put Payment shall be paid by wire transfer of immediately available funds to such account or accounts of the Shareholder as the Shareholder exercising the Put shall designate to the Optionee, in the manner specified herein for the delivery of notices, not less than three (3) Business Days prior to the Put Closing Date.
Payment of Put Price. The Put Price shall be due and payable by BG Staffing, Inc. to the Exercising Lender by wire transfer of immediately available funds within fifteen (15) days after the Put Price has been determined, unless the Put Price is determined in connection with the occurrence of a Liquidity Event (in which case the Put Price shall be payable concurrently with the occurrence of the Liquidity Event); provided, however, that unless the Senior Debt has been paid in full and all commitments to lend terminated under the Senior Loan Agreement and Senior Loan Documents, the Put Price shall not be payable earlier than the earliest of (i) July 29, 2018, or (ii) the date when BG Staffing, Inc. receives additional contributions to its capital or net sales proceeds from sales of Capital Stock sufficient to pay the Put Price in cash, or (iii) upon such date and pursuant to fulfillment of such conditions as shall have been approved in writing by the Senior Lender. Each of the Companies hereby, jointly and severally, guarantees and becomes surety for the prompt payment and satisfaction of the Put Price on the date when required to be paid hereunder. For the avoidance of doubt, any portion of the Put Price that is not paid in cash under this Section 6.16(c) shall be evidenced by a Put Note in a form set forth in Section 6.16(g)(i), which shall be prepared by counsel to the Exercising Lender and executed by BG Staffing, Inc. (as maker) and the other Companies (as guarantors) within thirty (30) days after the Put Price has been determined. The Companies and the Exercising Lender covenant and agree to cooperate with one another and use their reasonable best efforts to reach agreement with respect to the form and substance of any Put Note required hereunder consistent with the terms and conditions hereof.
Payment of Put Price. On the Put Date, upon delivery to the -------------------- Company of Certificates representing the Put Equity, which instrument shall contain a full warranty of title, to the effect that MasterCard has good and marketable title to the Put Equity free and clear of all claims and encumbrances (other than the restrictions created by or provided for in this Agreement), and such other instruments as the Company may reasonably request, the Company shall pay to MasterCard or its designee the Put Price in cash for the Put Equity so delivered. If the Put Event is an IPO, the Put Price (payable in cash) shall be due at the initial closing pursuant to the IPO.
Payment of Put Price. With respect to each Liquidity Put:
