Common use of Put Options Clause in Contracts

Put Options. Except as set forth in Schedule 3.27, the Company's ability to honor put options (the "PUT OPTIONS") which obligate the Company to repurchase Shares distributed from time to time to Plan participants and beneficiaries under the ESOP, as may be required by the ESOP, the Trust Agreement and by applicable laws, regulations or rulings, is not restricted by the provisions of any law, rule or regulation in effect as of the date hereof (other than applicable provisions of the Delaware General Corporation law, and applicable fraudulent conveyance, fraudulent transfer, bankruptcy and similar laws) or by terms of any loan, financing or other agreement or instrument to which the Company is a party or by which the Company is bound, including, without limitation, the Company's Certificate of Incorporation.

Put Options. Except as set forth in Schedule 3.27, the Company's ’s ability to honor put options (the "PUT OPTIONS"“Put Options”) which obligate the Company to repurchase Shares distributed from time to time to Plan participants and beneficiaries under the ESOP, as may be required by the ESOP, the Trust Agreement and by applicable laws, regulations or rulings, is not restricted by the provisions of any law, rule or regulation in effect as of the date hereof (other than applicable provisions of the Delaware General Corporation law, and applicable fraudulent conveyance, fraudulent transfer, bankruptcy and similar laws) or by terms of any loan, financing or other agreement or instrument to which the Company is a party or by which the Company is bound, including, without limitation, the Company's ’s Certificate of Incorporation.