{"component": "clause", "props": {"groups": [{"size": 7, "snippet_links": [{"key": "putting-member", "type": "definition", "offset": [9, 23]}, {"key": "permitted-transferees", "type": "clause", "offset": [54, 75]}, {"key": "put-notice", "type": "definition", "offset": [133, 143]}, {"key": "in-accordance-with", "type": "definition", "offset": [144, 162]}, {"key": "section-1251", "type": "clause", "offset": [163, 177]}, {"key": "during-the-period", "type": "clause", "offset": [185, 202]}, {"key": "to-the-extent", "type": "clause", "offset": [353, 366]}, {"key": "a-member", "type": "clause", "offset": [379, 387]}, {"key": "change-of-control", "type": "definition", "offset": [398, 415]}, {"key": "notice-to-the", "type": "clause", "offset": [530, 543]}, {"key": "minority-members", "type": "definition", "offset": [544, 560]}, {"key": "a-lender", "type": "definition", "offset": [566, 574]}, {"key": "the-agent", "type": "clause", "offset": [578, 587]}, {"key": "permitted-financing", "type": "definition", "offset": [598, 617]}, {"key": "exercise-remedies", "type": "definition", "offset": [635, 652]}, {"key": "enforcement-notice", "type": "clause", "offset": [732, 750]}, {"key": "days-after", "type": "definition", "offset": [959, 969]}, {"key": "date-of", "type": "clause", "offset": [974, 981]}, {"key": "failure-to-deliver", "type": "clause", "offset": [1013, 1031]}, {"key": "business-day-period", "type": "clause", "offset": [1064, 1083]}, {"key": "waiver-of-the", "type": "clause", "offset": [1102, 1115]}, {"key": "rights-of-the", "type": "clause", "offset": [1120, 1133]}, {"key": "nothing-in-this-section", "type": "clause", "offset": [1251, 1274]}, {"key": "notwithstanding-anything-to-the-contrary", "type": "clause", "offset": [1368, 1408]}, {"key": "provide-a", "type": "definition", "offset": [1443, 1452]}, {"key": "with-respect-to", "type": "clause", "offset": [1496, 1511]}, {"key": "base-amount", "type": "definition", "offset": [1555, 1566]}, {"key": "in-good-faith", "type": "definition", "offset": [1709, 1722]}, {"key": "to-sell", "type": "clause", "offset": [1736, 1743]}, {"key": "the-applicable", "type": "clause", "offset": [1757, 1771]}, {"key": "put-election-period", "type": "definition", "offset": [1772, 1791]}, {"key": "not-to-exceed", "type": "clause", "offset": [1821, 1834]}, {"key": "right-to", "type": "definition", "offset": [1942, 1950]}, {"key": "at-any-time", "type": "clause", "offset": [1979, 1990]}, {"key": "commencing-on-the", "type": "clause", "offset": [2009, 2026]}, {"key": "to-the-company", "type": "clause", "offset": [2087, 2101]}, {"key": "pursuant-to-the", "type": "clause", "offset": [2102, 2117]}, {"key": "cattle-purchase-and-sale-agreement", "type": "definition", "offset": [2118, 2152]}, {"key": "cattle-agreement-trigger", "type": "definition", "offset": [2159, 2183]}, {"key": "new-kleinco", "type": "definition", "offset": [2234, 2245]}, {"key": "employed-by-the-company", "type": "definition", "offset": [2397, 2420]}, {"key": "put-date", "type": "clause", "offset": [2539, 2547]}, {"key": "beginning-on", "type": "clause", "offset": [2629, 2641]}, {"key": "provided-that", "type": "clause", "offset": [2705, 2718]}], "samples": [{"hash": "jjbx6ZXNRP", "uri": "/contracts/jjbx6ZXNRP#put-period", "label": "Purchase and Sale Agreement (Leucadia National Corp)", "score": 29.2710472279, "published": true}], "snippet": "(i) Each Putting Member (together with its respective Permitted Transferees that have become Members) shall be eligible to deliver a Put Notice in accordance with Section 12.5.1(a) (A) during the period commencing on January 1, 2023, and ending on January 31, 2023, and thereafter, annually during each January thereafter (the \u201cAnnual Trigger\u201d) and (B) to the extent NBM remains a Member, if a NBM Change of Control occurs, within 60 days of the NBM Change of Control (the \u201cCOC Trigger\u201d); provided, however, that upon delivery of notice to the Minority Members that a lender or the agent holding a Permitted Financing Pledge intend to exercise remedies thereunder that will result in an NBM Change of Control (such notice being an \u201cEnforcement Notice\u201d), each Putting Member (together with its respective Permitted Transferees that have become Members) shall instead be required to deliver a Put Notice in accordance with Section 12.5.1(a) within ten Business Days after the date of the Enforcement Notice and any failure to deliver such Put Notice within such ten Business Day period shall be deemed a waiver of the put rights of the Putting Members and their Permitted Transferees pursuant to this Section 12.5.1(b)(i)(B) (it being acknowledged that nothing in this Section shall require any holder of a Permitted Financing Pledge to deliver any Enforcement Notice). Notwithstanding anything to the contrary herein, (1) no Putting Member may provide a Put Notice pursuant to this Section 12.5.1 with respect to less than 20% of such Putting Member\u2019s Put Base Amount, and (2) if NBM or its Permitted Transferee has notified the Putting Members and their respective Permitted Transferees that such Person has, in good faith, taken steps to sell the Company, the applicable Put Election Period shall be tolled for a period not to exceed 120 days to permit such Person to implement such sale.\n(ii) With respect to USPB, USPB shall also have the right to deliver a Put Notice to NBM at any time during the period commencing on the date on which USPB is no longer obligated to deliver cattle to the Company pursuant to the Cattle Purchase and Sale Agreement (the \u201cCattle Agreement Trigger\u201d) and ending 180 days thereafter. With respect to New Kleinco, New Kleinco shall also have the right to deliver a Put Notice to NBM at any time during the period commencing on the date on which \u2587\u2587\u2587\u2587\u2587 is no longer employed by the Company (the \u201c\u2587\u2587\u2587\u2587\u2587 Separation Trigger\u201d) and ending 180 days thereafter. Any Trigger is individually referred to herein as a \u201cPut Date\u201d and are collectively referred to here as the \u201cPut Dates.\u201d The applicable period beginning on each Put Date shall be referred to as a \u201cPut Election Period\u201d; provided that if NBM or its Permitted Transferee has notified USPB, NBPCo and New Kleinco and their respective Permitted Transferees that such Person has, in good faith, taken steps to sell the Company, the applicable Put Election Period shall be tolled for a period not to exceed 120 days to permit such Person to implement such sale.", "hash": "3705fdb2a77bbde18e5bb17a2f13852b", "id": 1}, {"size": 3, "snippet_links": [{"key": "beginning-on-the", "type": "clause", "offset": [31, 47]}, {"key": "date-hereof", "type": "clause", "offset": [48, 59]}, {"key": "days-after", "type": "definition", "offset": [91, 101]}, {"key": "commercially-reasonable-efforts", "type": "definition", "offset": [156, 187]}, {"key": "the-assistance", "type": "clause", "offset": [194, 208]}, {"key": "independent-broker", "type": "clause", "offset": [215, 233]}, {"key": "to-sell", "type": "clause", "offset": [235, 242]}, {"key": "shares-of-common-stock", "type": "clause", "offset": [315, 337]}, {"key": "pursuant-to-the", "type": "clause", "offset": [358, 373]}, {"key": "initial-shares", "type": "clause", "offset": [415, 429]}], "samples": [{"hash": "4zRb9vMPvv6", "uri": "/contracts/4zRb9vMPvv6#put-period", "label": "Put Agreement", "score": 29.340862423, "published": true}, {"hash": "hsZIere8DpM", "uri": "/contracts/hsZIere8DpM#put-period", "label": "Put Agreement (Pricesmart Inc)", "score": 19.0, "published": true}], "snippet": "PSC agrees that for the period beginning on the date hereof and ending sixty (60) calendar days after the date hereof (the \u201cPut Period\u201d), it shall exercise commercially reasonable efforts, with the assistance of an independent broker, to sell for a price at or in excess of U.S. $25.00 per share any of the 330,708 shares of Common Stock previously acquired pursuant to the SPA and held as of the date hereof (the \u201cInitial Shares\u201d).", "hash": "562ce4b33515317d19163e7075109854", "id": 2}, {"size": 2, "snippet_links": [{"key": "the-period", "type": "clause", "offset": [26, 36]}, {"key": "commencing-on-the", "type": "clause", "offset": [37, 54]}, {"key": "third-anniversary", "type": "clause", "offset": [55, 72]}, {"key": "the-closing", "type": "definition", "offset": [76, 87]}, {"key": "sixth-anniversary", "type": "definition", "offset": [106, 123]}, {"key": "in-addition", "type": "clause", "offset": [140, 151]}, {"key": "put-event-period", "type": "definition", "offset": [156, 172]}], "samples": [{"hash": "5TMLvjNskbX", "uri": "/contracts/5TMLvjNskbX#put-period", "label": "Shareholders' Agreement (American International Group Inc)", "score": 18.0, "published": true}, {"hash": "3GHj6RF58wI", "uri": "/contracts/3GHj6RF58wI#put-period", "label": "Registration Rights Agreement (Perini Corp)", "score": 18.0, "published": true}], "snippet": "The \"Put Period\" shall be the period commencing on the third anniversary of the Closing and ending on the sixth anniversary of the Closing. In addition, a \"Put Event Period\" shall also commence on the occurrence of a Put Event and shall continue for ninety (90) days thereafter.", "hash": "72614cd419f47a63fec21460d426b4f0", "id": 3}, {"size": 2, "snippet_links": [{"key": "section-303", "type": "definition", "offset": [3, 15]}], "samples": [{"hash": "5TMLvjNskbX", "uri": "/contracts/5TMLvjNskbX#put-period", "label": "Shareholders' Agreement (American International Group Inc)", "score": 18.0, "published": true}, {"hash": "3GHj6RF58wI", "uri": "/contracts/3GHj6RF58wI#put-period", "label": "Registration Rights Agreement (Perini Corp)", "score": 18.0, "published": true}], "snippet": "11 SECTION 3.03", "hash": "020eaf3ef79a60a5d928d86822ec5c22", "id": 4}, {"size": 2, "snippet_links": [{"key": "put-right", "type": "definition", "offset": [4, 13]}, {"key": "put-exercise-notice", "type": "clause", "offset": [58, 77]}, {"key": "at-any-time", "type": "clause", "offset": [94, 105]}, {"key": "during-the-period", "type": "clause", "offset": [106, 123]}, {"key": "exercise-period", "type": "definition", "offset": [130, 145]}, {"key": "commencing-on", "type": "clause", "offset": [148, 161]}, {"key": "after-receipt-by", "type": "clause", "offset": [314, 330]}, {"key": "consolidated-financial-statements", "type": "definition", "offset": [342, 375]}, {"key": "in-accordance-with", "type": "definition", "offset": [386, 404]}, {"key": "us-gaap", "type": "clause", "offset": [405, 412]}, {"key": "period-ending", "type": "definition", "offset": [437, 450]}, {"key": "february-28", "type": "definition", "offset": [478, 489]}, {"key": "period-end-date", "type": "definition", "offset": [530, 545]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [549, 575]}, {"key": "no-further-force-or-effect", "type": "clause", "offset": [753, 779]}, {"key": "remaining-shares", "type": "definition", "offset": [895, 911]}], "samples": [{"hash": "iuZ30wbTYfo", "uri": "/contracts/iuZ30wbTYfo#put-period", "label": "Put Option Agreement (Shaw Group Inc)", "score": 21.0, "published": true}, {"hash": "6LFwFhNHi0H", "uri": "/contracts/6LFwFhNHi0H#put-period", "label": "Put Option Agreement (Shaw Group Inc)", "score": 21.0, "published": true}], "snippet": "The Put Right shall be exercisable by NEH by delivering a Put Exercise Notice (defined below) at any time during the period (the \u201cExercise Period\u201d) commencing on (and including) the earlier of (i) March 31, 2010 and (ii) the occurrence of a Toshiba Event, and ending on the earlier of (x) the date that is 30 days after receipt by NEH of the consolidated financial statements (prepared in accordance with US GAAP) of the HoldCos for the period ending September 30, 2012 and (y) February 28, 2013 (such earlier date, the \u201cExercise Period End Date\u201d). For the avoidance of doubt, if the Put Exercise Notice is not delivered on or before the Exercise Period End Date, the Exercise Period shall automatically expire, and the Put Right shall thereafter be of no further force or effect, at 11:59:59 p.m. on Exercise Period End Date. Once the Put Right is exercised, NEH shall have no Put Right on the remaining Shares, if any.", "hash": "2944e224c88ac228be4739161904d309", "id": 5}, {"size": 1, "snippet_links": [{"key": "call-period", "type": "definition", "offset": [40, 51]}, {"key": "the-period", "type": "clause", "offset": [62, 72]}, {"key": "commencing-on-the", "type": "clause", "offset": [73, 90]}, {"key": "put-commencement-date", "type": "definition", "offset": [102, 123]}, {"key": "date-hereof", "type": "clause", "offset": [160, 171]}, {"key": "delivery-of-the", "type": "clause", "offset": [313, 328]}, {"key": "reminder-notice", "type": "definition", "offset": [333, 348]}, {"key": "class-a-partners", "type": "definition", "offset": [406, 422]}, {"key": "to-exercise", "type": "clause", "offset": [469, 480]}, {"key": "the-requirement", "type": "clause", "offset": [531, 546]}, {"key": "the-right", "type": "clause", "offset": [600, 609]}, {"key": "require-the", "type": "clause", "offset": [625, 636]}, {"key": "to-acquire", "type": "definition", "offset": [644, 654]}, {"key": "exercise-of-the-put", "type": "clause", "offset": [665, 684]}, {"key": "retained-interests", "type": "definition", "offset": [780, 798]}, {"key": "owned-by", "type": "definition", "offset": [799, 807]}, {"key": "put-consideration", "type": "definition", "offset": [848, 865]}, {"key": "a-notice", "type": "definition", "offset": [959, 967]}, {"key": "to-the-class", "type": "clause", "offset": [984, 996]}, {"key": "prior-to-the", "type": "clause", "offset": [1040, 1052]}, {"key": "expiration-of-the", "type": "clause", "offset": [1053, 1070]}, {"key": "day-period", "type": "definition", "offset": [1075, 1085]}, {"key": "following-the", "type": "definition", "offset": [1086, 1099]}], "samples": [{"hash": "hMeLzX5gnAF", "uri": "/contracts/hMeLzX5gnAF#put-period", "label": "Call and Put Option Agreement (Pennsylvania Real Estate Investment Trust)", "score": 18.0, "published": true}], "snippet": "If the Call is not exercised within the Call Period, then for the period commencing on the date (the \"Put Commencement Date\") which is five (5) years after the date hereof, and ending on the later of (x) the one hundred eightieth (180th) day after the Put Commencement Date, or (y) the tenth (10th) day following delivery of the Put Reminder Notice (such period being referred to as the \"Put Period\"), the Class A Partners (or such of the Class A Partners as may elect to exercise their rights under this subparagraph (b), without the requirement for all of the Class A Partners to do so) shall have the right (the \"Put\") to require the UPREIT to acquire, and upon exercise of the Put the Upreit shall be required to acquire by contribution from such Class A Partners, all of the Retained Interests owned by the exercising Class A Partners for the Put Consideration (as hereinafter defined) allocable to such Class A Partners. The \"Put Reminder Notice\" means a notice from the UPREIT to the Class A Partners (given not earlier than 30 days prior to the expiration of the 180 day period following the Put Commencement Date) that such 180 day period is about to, or has, expired.", "hash": "51c1f9b0ac64f2728e6c70060fd0115c", "id": 6}, {"size": 1, "snippet_links": [{"key": "period-ending", "type": "definition", "offset": [27, 40]}, {"key": "on-december", "type": "clause", "offset": [41, 52]}, {"key": "investor-member", "type": "definition", "offset": [86, 101]}, {"key": "right-to-exercise", "type": "clause", "offset": [117, 134]}, {"key": "option-to", "type": "clause", "offset": [138, 147]}, {"key": "require-the", "type": "clause", "offset": [148, 159]}, {"key": "put-option", "type": "definition", "offset": [244, 254]}, {"key": "a-notice", "type": "definition", "offset": [271, 279]}, {"key": "put-notice", "type": "definition", "offset": [286, 296]}, {"key": "to-the-company", "type": "clause", "offset": [299, 313]}, {"key": "upon-receipt-of", "type": "definition", "offset": [354, 369]}, {"key": "administrative-member", "type": "clause", "offset": [390, 411]}, {"key": "to-pay", "type": "clause", "offset": [431, 437]}, {"key": "put-price", "type": "definition", "offset": [442, 451]}], "samples": [{"hash": "bTEJzlknic1", "uri": "/contracts/bTEJzlknic1#put-period", "label": "Limited Liability Company Operating Agreement (Mma Capital Management, LLC)", "score": 27.2012320329, "published": true}], "snippet": "During the thirty (30) day period ending on December 15, 2020 (the \u201cPut Period\u201d), the Investor Member shall have the right to exercise an option to require the Company to redeem all but not less than all of the Investor Member\u2019s Interest (the \u201cPut Option\u201d) by delivering a Notice (the \u201cPut Notice\u201d) to the Company, which Put Notice shall be irrevocable. Upon receipt of the Put Notice, the Administrative Member shall be obligated to pay the Put Price and cause the Company to redeem the Investor Member\u2019s Interest as set forth in Section 8.3D.", "hash": "8ae0120bc19be2b97eadcaee0210815d", "id": 7}, {"size": 1, "snippet_links": [{"key": "compensation-to-seller", "type": "clause", "offset": [0, 22]}, {"key": "the-product", "type": "clause", "offset": [27, 38]}, {"key": "consist-of", "type": "clause", "offset": [64, 74]}, {"key": "reduced-monthly-energy-capacity-payment", "type": "definition", "offset": [116, 155]}, {"key": "in-accordance-with", "type": "definition", "offset": [167, 185]}, {"key": "subject-to-section", "type": "clause", "offset": [220, 238]}, {"key": "variable-om-payment", "type": "definition", "offset": [254, 274]}, {"key": "replacement-payment", "type": "definition", "offset": [344, 363]}, {"key": "the-parties", "type": "definition", "offset": [408, 419]}, {"key": "adjustment-payment", "type": "clause", "offset": [453, 471]}, {"key": "in-arrears", "type": "definition", "offset": [536, 546]}], "samples": [{"hash": "2wiut0SCu88", "uri": "/contracts/2wiut0SCu88#put-period", "label": "Energy Storage Resource Adequacy Purchase and Sale Agreement (Energy Put Option)", "score": 27.6610310236, "published": true}], "snippet": "Compensation to Seller for the Product for any Put Period shall consist of (a) a Monthly Energy Capacity Payment or Reduced Monthly Energy Capacity Payment calculated in accordance with Sections 3.06, 3.11 and 3.12, and subject to Section 3.05(d); (b) a Variable O&M Payment calculated in accordance with Section 3.08; and (c) a Variable Asset Replacement Payment calculated in accordance with Section 3.14. The Parties may also be liable for an Energy Adjustment Payment in accordance with Section 3.10. Payments will be paid monthly, in arrears, in accordance with Sections 3.01, 3.02, 3.03, and 3.04, for each month of the Put Period.", "hash": "1e88ebb3171363518898e62d308ad197", "id": 8}, {"size": 1, "snippet_links": [{"key": "storage-unit", "type": "clause", "offset": [9, 21]}, {"key": "in-arrears", "type": "definition", "offset": [83, 93]}, {"key": "to-seller", "type": "definition", "offset": [95, 104]}, {"key": "monthly-energy-capacity-price", "type": "definition", "offset": [143, 172]}, {"key": "exhibit-e", "type": "definition", "offset": [220, 229]}, {"key": "subject-to", "type": "definition", "offset": [237, 247]}, {"key": "in-accordance-with", "type": "definition", "offset": [258, 276]}, {"key": "this-agreement", "type": "clause", "offset": [277, 291]}, {"key": "payment-in-lieu-of", "type": "clause", "offset": [429, 447]}, {"key": "contract-capacity", "type": "definition", "offset": [658, 675]}], "samples": [{"hash": "2wiut0SCu88", "uri": "/contracts/2wiut0SCu88#put-period", "label": "Energy Storage Resource Adequacy Purchase and Sale Agreement (Energy Put Option)", "score": 27.6610310236, "published": true}], "snippet": "For each Storage Unit, SCE shall make a \u201cMonthly Energy Capacity Payment\u201d, payable in arrears, to Seller for each month of the Put Period. The Monthly Energy Capacity Price for each month of a Put Period is set forth in Exhibit E and is subject to reduction in accordance with this Agreement. If the Monthly Energy Capacity Payment is reduced in accordance with this Agreement, SCE shall make the Reduced Monthly Energy Capacity Payment in lieu of the Monthly Energy Capacity Payment. The Monthly Energy Capacity Payment is as calculated below: \u201cMonthly Energy Capacity Payment\u201d = (A x B x 1,000) where: A = applicable Monthly Energy Capacity Price, and B = Contract Capacity.", "hash": "ae84ece115e936ce1271fe9c4898b6dc", "id": 9}, {"size": 1, "snippet_links": [{"key": "putting-member", "type": "definition", "offset": [5, 19]}, {"key": "permitted-transferees", "type": "clause", "offset": [50, 71]}, {"key": "put-notice", "type": "definition", "offset": [129, 139]}, {"key": "in-accordance-with", "type": "definition", "offset": [140, 158]}, {"key": "with-respect-to", "type": "clause", "offset": [180, 195]}, {"key": "aggregate-units", "type": "definition", "offset": [219, 234]}, {"key": "during-the-period", "type": "clause", "offset": [262, 279]}, {"key": "commencing-on-the", "type": "clause", "offset": [280, 297]}, {"key": "the-closing-date", "type": "clause", "offset": [327, 343]}], "samples": [{"hash": "kI2lcVW3uE3", "uri": "/contracts/kI2lcVW3uE3#put-period", "label": "Membership Interest Purchase Agreement (National Beef Packing Co LLC)", "score": 22.9274469541, "published": true}], "snippet": "Each Putting Member (together with its respective Permitted Transferees that have become Members) shall be eligible to deliver a Put Notice in accordance with Section 12.5.1(a)(i) with respect to up to one-third of the Aggregate Units held by the Putting Member during the period commencing on the five (5) year anniversary of the Closing Date and ending thirty (30) days thereafter,", "hash": "feb3cf7eb5f89cb3f5c273021dc98427", "id": 10}], "next_curs": "ClMSTWoVc35sYXdpbnNpZGVyY29udHJhY3Rzci8LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhNwdXQtcGVyaW9kIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"parents": [["liquidity-options", "Liquidity Options"], ["put", "Put"], ["miscellaneous", "Miscellaneous"], ["grant-of-put-rights", "Grant of Put Rights"], ["put-right", "Put Right"]], "size": 18, "children": [["", ""], ["events-of-dissolution", "Events of Dissolution"], ["termination-of-membership", "Termination of Membership"], ["general", "General"], ["exculpation", "Exculpation"]], "title": "Put Period", "id": "put-period", "related": [["\u2587\u2587\u2587\u2587\u2587-period", "\u2587\u2587\u2587\u2587\u2587 Period", "\u2587\u2587\u2587\u2587\u2587 Period"], ["week-period", "week period", "week period"], ["blackout-period", "Blackout Period", "Blackout Period"], ["black-out-period", "Black-Out Period", "Black-Out Period"], ["lock-up-period", "Lock-Up Period", "Lock-Up Period"]], "related_snippets": [], "updated": "2025-07-07T12:35:11+00:00", "also_ask": [], "drafting_tip": "", "explanation": "The \"Put Period\" clause defines the specific timeframe during which a party, typically an investor or shareholder, has the right to require another party, such as the company or another shareholder, to purchase their shares or interests. In practice, this period might be set for a number of years after the initial investment or triggered by certain events, and only during this window can the put option be exercised. The core function of this clause is to provide a clear and limited opportunity for exit, ensuring both parties understand when the put right can be invoked and preventing indefinite uncertainty about potential buyout obligations."}, "json": true, "cursor": ""}}