Put Option; Term Sample Clauses

Put Option; Term. 2.1 In consideration of the payment of the Put Option Premium and the Delayed Put Option Premium, if any, the Master Trust, on behalf of the Sub-Trust, hereby grants to Ambac Assurance the right to require the Master Trust, on behalf of the Sub-Trust, to purchase the Preferred Stock on the terms set forth in this Agreement. 2.2 This Agreement and the put option created hereby shall remain in effect until the earlier to occur of the following: (a) Ambac Assurance terminates this agreement by delivering a written notice to the Master Trust, on behalf of the Sub-Trust, stating that Ambac Assurance is terminating the Agreement on the next succeeding Auction Date that follows the notice by at least three (3) Business Days and indicating the Auction Date on which the termination shall become effective. Delivery of a termination notice by Ambac Assurance shall be irrevocable; and (b) Ambac Assurance fails to make payment of the Put Option Premium or the Delayed Put Option Premium, if any, and such failure has not been cured within five (5)

Put Option; Term. 2.1 In consideration of the payment of the Put Option Premium, the Trust hereby grants to FSA the right to cause the Trust to purchase the Preferred Stock on the terms set forth in this Agreement. 2.2 The put option created hereby shall remain in effect and be exercisable at any time prior to termination of this Agreement. 2.3 This Agreement shall terminate upon the earliest to occur of any of the following events: (a) FSA delivers a written notice to the Trust while the Trust is holding Eligible Assets, stating that FSA is electing not to pay the Put Option Premium for the next succeeding Distribution Period that follows the notice by at least three (3) Business Days and indicating the Distribution Payment Date on which the termination shall become effective (delivery of such a termination notice by FSA shall be irrevocable); (b) FSA fails to pay the Put Option Premium or the Delayed Put Option Premium, if any, for a Distribution Period on the related Distribution Payment Date, and such failure has not been cured within five (5) Business Days; (c) FSA exercises the put option; (d) the aggregate face amount of the Trust’s CPS Securities is less than $20,000,000;

Put Option; Term. (a) Subject to paragraph (b) below, the Put Option may be exercised by RMUSA at any time during the period commencing on the expiration of three (3) years from the Contribution Date and expiring twenty-five (25) years from the Contribution Date. The foregoing notwithstanding, in the event Cemex or any of its Affiliates receives a bona fide third party offer to acquire any or all of its Membership Interest or any interest therein (other than a Permitted Transfer), including any transaction that constitutes a Transfer under Section 9.1(b) or (c), which results in Cemex or an Affiliate thereof giving an Offer Notice as contemplated in Section 9.3 prior to the third (3rd) anniversary of the Contribution Date, the Put Option shall become exercisable immediately and shall remain exercisable, subject to paragraph (b) below, until (i) the proposed Transfer is consummated, or (ii) the proposed Transfer is abandoned by Cemex or its Affiliates or the proposed purchaser (unless such event occurs on or following the date which is the third (3rd) anniversary of the Contribution Date, in which case the Put Option shall remain exercisable subject to the other terms and conditions of this LLC Agreement). (b) Notwithstanding anything in this LLC Agreement to the contrary, (i) in the event either RMUSA delivers an Offer Acceptance Notice or a Tag Along Notice with respect to a proposed Transfer by Cemex or any of its Affiliates in accordance with Section 9.3 or 9.4, as the case may be, or RMUSA fails to deliver a Notice pursuant to Section 9.6.2 during any Offer Option Period with respect to a Transfer Notice concerning a Transfer by Cemex or any of its Affiliates of all of the Membership Interest in the Company held by Cemex and its Affiliates, then RMUSA's right to exercise the Put Option shall be suspended as of the date of such Offer Acceptance Notice or Tag Along Notice, or at the end of such Option Offer Period, as the case may be, and either (x) the Put Option shall terminate and be of no further effect (1) upon the consummation of the purchase by RMUSA of all of the Membership Interest of Cemex and its Affiliates in the Company pursuant to Section 9.3 whereupon neither Cemex nor any of its Affiliates remain as Members of the Company, or (2) upon the consummation of the sale by RMUSA (or its Affiliates) of all of the Membership Interest of RMUSA (or its Affiliates, as the case may be) in the Company pursuant to Section 9.4 whereupon neither RMUSA nor any of its Affili...

Put Option; Term. The Authorized Shareholder may deliver to ANI in accordance with Section 8.02 a notice of exercise of the Put Option (the "PUT EXERCISE NOTICE") no earlier than the second anniversary and no later than the fifth anniversary of the date hereof. In the event that the Authorized Shareholder has not delivered a Put Exercise Notice to ANI by the fifth anniversary of the date hereof, the Put Option shall expire.

Put Option; Term. The Put Options shall expire, without further consideration payable to or by any party, at 11:59 p.m., Singapore time, on 31 January 2006 unless validly exercised prior to that date and time, in which event the exercised Put Option shall continue until either the Closing or the termination of the relevant Put Option as provided herein ("Put Option Term").

Put Option; Term. The term of the Put Option shall commence on the date of this Agreement and remain in effect until all commitments to lend under the Loan Agreement have been terminated, the Obligations have been indefeasibly paid in full in cash and all Letters of Credit have expired.

Put Option; Term. 2.1 In consideration for the parties' entering into the Asset Swap Arrangement and other good and valuable consideration the receipt of which is hereby acknowledged, the Counterparty hereby grants to the Option Holder the right to require the Counterparty to purchase any or all of the Assets Drawn by the Option Holder on the terms set forth in this Agreement. Such right is referred to herein as the "Put Option." 2.2 This Agreement shall become effective on the Closing Date and shall remain in effect until the later of (i) the Final Termination Date and (ii) the date on which all of the obligations of the parties to the Asset Swap Arrangement have been satisfied.

Put Option; Term