Put and Call Options. (a) Executive's Put Option
Put and Call Options. Notwithstanding the foregoing provisions of this Article III, pursuant to a separate put and call agreement entered into concurrently herewith (the "Put/Call Agreement"), LGII shall have an option to purchase the shares of Common Stock held by BCP and PSIM, and BCP and PSIM shall have an option to require LGII to purchase the shares of Common Stock held by BCP and PSIM, subject, in each case, to the provisions of the Put/Call Agreement. Transfers of Common Stock in accordance with the exercise of the Options described in the Put/Call Agreement shall be permitted notwithstanding anything to the contrary in Sections 3.1, 3.2 or 3.3 hereof.
Put and Call Options. 1) SMX shall have the right to terminate its Warrants or, if exercised, redeem all of its Shares in the event that any of the following occurs (the “Put Option”), subject to a ten (10) days written notice to FREYR (the “Put Option Notice”):
Put and Call Options. The Fund may buy and sell certain kinds of put options (puts) and call options (calls). These strategies are described below. |_| Writing Covered Call Options. The Fund may write (that is, sell) call options. The Fund's call writing is subject to a number of restrictions:
Put and Call Options. If a Trigger Event occurs:
Put and Call Options. Any holder of Covered Management Shares may Transfer any or all of such Shares pursuant to Article VI, without regard to any other restrictions on transfer contained elsewhere in this Agreement, provided that if such Shares are Transferred to any member of a Principal Investor Group pursuant to Section 6.7, such Shares shall conclusively be deemed thereafter to be Shares under this Agreement.
Put and Call Options. 8.1 The Put and Call Options referred to in this clause will be conditional upon the Investor paying the Subscription Balance in accordance with clause 4. If the Subscription Balance is not paid in accordance with such clause the Put and Call Options referred to in this clause will lapse and be of no further force or effect.
Put and Call Options. Subject to the limitations and restrictions described below and applicable securities laws, Seller may, in its sole discretion, sell any or all of its 84,500 shares of vested FDI common stock received by it and one-half of any additional shares of FDI common stock that vests pursuant to Section 1.5 i) (maximum of 200,000 shares) to Fortune and Fortune shall purchase any of Seller's shares of vested FDI common stock offered by Seller. The put price per share shall be $1.00. Seller may only exercise this put option during the seven (7) day period following the final determination of EBIT (pursuant to Section 1.5 ii)). Any closing on a sale of any or all of the shares of vested FDI common stock to Fortune shall occur within ninety (90) days of Fortune's receipt of written notice from Seller requesting exercise of its put option. In addition, Fortune may, in his sole discretion, call one-half of any additional shares of FDI common stock that vests pursuant to Section 1.5 i) (maximum of 200,000 shares) from Seller and Seller shall sell any of Seller's shares of vested FDI common stock that are called by Fortune. The call price per share shall be $1.50. Fortune may only exercise this call option during the twenty-one day period following the final determination of EBIT (pursuant to Section 1.5 ii)). Any closing on a sale of any or all of the shares of vested FDI common stock to Fortune shall occur within ninety (90) days of Seller's receipt of written notice from Fortune requesting exercise of his call option.
Put and Call Options. (a) ALS hereby grants to ALE, and shall confirm in each Project Entity Operating Agreement, the right to sell to ALS all (but not less than all) of ALE's equity interest in any one or more Project Entities at the purchase price (determined as set forth below) for ALE's interest in such Project Entity or Entities pursuant to the terms and conditions set forth herein ("Put Option"). The Put Option with respect to a Facility shall be exercisable by ALE at any time from and after the earlier to occur of (i) achievement of 75% Occupancy at such Facility (the "75% Trigger"); or (ii) the six month anniversary of the issuance of the Certificate of Occupancy for the Facility owned by such Project Entity, through and until the tenth (10th) anniversary of the date of issuance of the Certificate of Occupancy for such Facility (such period, the "Put/Call Period"). ALE shall not be entitled to exercise a Put Option in any given Put Year (as hereafter defined) utilizing the 75% Trigger if during the then-existing Put Year ALE's equity interest in one or more Facilities already have been put to ALS utilizing such 75% Trigger, and such equity interests have an aggregate purchase price in excess of $5 million. "
Put and Call Options. (i) In order to exercise its Default Call Option or Default Put Option the Non-Defaulting Shareholder shall deliver to the Defaulting Shareholder, a FMV Determination Request The Company - CSM - Lucent Confidential 49 and, if applicable, a Net Book Value Determination Request. Upon issuance of such request or requests, the parties shall determine Fair Market Value and, if applicable, Net Book Value in accordance with the provisions of the respective definitions thereof. To the extent applicable, the Non-Defaulting Shareholder may require a concurrent determination of Fair Market Value and Net Book Value for purposes of both the Default Call Option and Default Put Option.
