Put Notices Clause Samples

Put Notices. At any time during the Commitment Period, the Company may deliver Put Notices to the Investor, subject to the conditions set forth in Section 7.2; provided, however, the Investment Amount for each Put as designated by the Company in the applicable Put Notice shall not be more than the Maximum Put Amount. The Company may deliver Put Notices to the Investor at its discretion, but no more frequently than every ten (10) Trading Days. The Maximum Put Amount shall not exceed One Million Two Hundred-fifty Thousand Dollars ($1,250,000), but in any event may not result in a put to the Investor of more than fifty million (50,000,000) Put Shares.

Put Notices. The Put Notice shall specify the number of ----------- shares owned by the Management Investor or Director Investor as to which he is exercising his put right pursuant to Section 6.3 and shall contain an irrevocable offer to purchase such shares at a price equal to the price required to be paid by the Company pursuant to Section 6.3.

Put Notices. The Paying Agent with which a Note is deposited in a valid exercise of any Noteholders’ option shall hold such Note (together with any Coupons or Talon relating to it deposited with it) until the due date for redemption of, or exercise of the option relating to, the relevant Note(s) consequent upon the exercise of such option, when, in the case of an option to redeem, and subject as provided below, it shall present any such Note, Coupons and Talon to itself for payment of the amount due in accordance with the Conditions and shall pay such moneys in accordance with the directions of the Noteholder contained in the Put Notice. In the event of the exercise of any other option, each Agent shall take the steps required of it in the Conditions. If any such Note becomes immediately due and payable before the due date for its redemption or exercise of the option, or if upon due presentation payment of the amount due is improperly withheld or refused or exercise of the option is improperly denied, the Agent concerned shall mail such Note (and any related Coupons or Talon) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder otherwise requests and pays the costs of such insurance in advance to the relevant Agent) to such address as may have been given by the Noteholder in the Put Notice. At the end of each period for the exercise of any such option, each Agent shall promptly notify the Fiscal Agent of the nominal amount of the Notes in respect of which such option has been exercised with it together with their certificate numbers and the Fiscal Agent shall promptly notify such details to the Issuer.