{"component": "clause", "props": {"groups": [{"samples": [{"hash": "lm3Xhg3a4I5", "uri": "/contracts/lm3Xhg3a4I5#put-right", "label": "Stock Option Award Agreement (Michael Foods Inc/New)", "score": 18.0, "published": true}, {"hash": "ekCOwYdMQqC", "uri": "/contracts/ekCOwYdMQqC#put-right", "label": "Stock Option Award Agreement (Michael Foods Inc/New)", "score": 18.0, "published": true}, {"hash": "d5I4RXbdFx", "uri": "/contracts/d5I4RXbdFx#put-right", "label": "Stock Option Award Agreement (Michael Foods Inc/New)", "score": 18.0, "published": true}], "snippet": "(i) If the Participant's employment with the Company and Subsidiaries terminates due to the Disability or death of the Participant prior to the earlier of (x) a Public Offering or (y) a Sale of the Company, for (A) the Vested Portion of all Options and (B) all Option Shares, within 120 days after such termination of employment the Participant shall have the right, subject to the provisions of Section 5 hereof to sell to the Company and the Company shall be required to purchase (subject to the provisions of Section 5 hereof), on one occasion from the Participant and his Permitted Transferees, if applicable, all (but not less than all) of (1) Participant's Vested Portion of all Options and (2) the number of Option Shares then held by the Participant and such other number of Option Shares or Vested Portions of Option Shares, to the extent transferable, held by the Participant's Permitted Transferees as the Participant may request at a price per Option or Option Share equal to (i) in the case of the purchase of Options, the difference between the Fair Market Value of the Option Share underlying the Option (measured as of the delivery of the notice referred to in Section 4(a)(ii)) and the Exercise Price of such Option Shares and (ii) in the case of the purchase of Option Shares, (x) if such termination occurs prior to the date which is 18 months from the date of this Agreement, the greater of the Fair Market Value of such Option Share (measured as of the delivery of the notice referred to in Section 4(a)(ii)) and the Cost of such Option Share and (y) if such termination occurs after the date which is 18 months from the date of this Agreement, the Fair Market Value of such Option Share. If the Participant's employment with the Company and Subsidiaries terminates due to Retirement of the Participant prior to (x) a Public Offering or (y) a Sale of the Company, for all Option Shares issued 181 days or more prior to the date of termination of employment of the Participant, within 90 days after such date of termination of employment (or in the case of Option Shares issued 180 days or less prior to such date of termination or at any time after such date of termination of employment, no earlier than 181 days and no later than 271 days after the date of issuance of such Option Shares), the Participant shall have the right, subject to the provisions of Section 5 hereof, to sell to the Company and the Company shall be required to purchase (subject to the provisions of Section 5 hereof), on one occasion from the Participant and his Permitted Transferees, if applicable, all (but not less than all) of the Option Shares then held by the Participant and such other number of Option Shares held by the Participant's Permitted Transferees as the Participant may request at a price per Option Share equal to the Fair Market Value of such Option Share (measured as of the delivery of the notice referred to in Section 4(a)(ii)).\n(ii) If the Participant desires to exercise his or her option to require the Company to repurchase Options and/or Option Shares pursuant to Section 4(a), the Participant shall send one written notice to the Company setting forth the intention of Participant and Permitted Transferees, if applicable, to collectively sell all Options and/or Option Shares pursuant to Section 4(a) within the period described above, which notice shall specify the number of Option Shares, or in the case of a sale of Options, the number of Option Shares underlying such Options, to be sold and shall include the signature of the Participant and each Permitted Transferee desiring to sell", "snippet_links": [{"key": "the-company-and-subsidiaries", "type": "clause", "offset": [41, 69]}, {"key": "death-of-the-participant", "type": "clause", "offset": [106, 130]}, {"key": "prior-to-the", "type": "clause", "offset": [131, 143]}, {"key": "public-offering", "type": "clause", "offset": [161, 176]}, {"key": "sale-of-the-company", "type": "clause", "offset": [186, 205]}, {"key": "vested-portion", "type": "clause", "offset": [219, 233]}, {"key": "days-after", "type": "definition", "offset": [287, 297]}, {"key": "the-participant-shall", "type": "clause", "offset": [329, 350]}, {"key": "the-right", "type": "clause", "offset": [356, 365]}, {"key": "section-5", "type": "clause", "offset": [396, 405]}, {"key": "to-sell", "type": "clause", "offset": [413, 420]}, {"key": "the-company-shall", "type": "clause", "offset": [440, 457]}, {"key": "one-occasion", "type": "definition", "offset": [534, 546]}, {"key": "permitted-transferees", "type": "definition", "offset": [576, 597]}, {"key": "if-applicable", "type": "clause", "offset": [599, 612]}, {"key": "number-of-option-shares", "type": "definition", "offset": [705, 728]}, {"key": "to-the-extent", "type": "clause", "offset": [834, 847]}, {"key": "price-per", "type": "definition", "offset": [946, 955]}, {"key": "equal-to", "type": "definition", "offset": [979, 987]}, {"key": "in-the-case", "type": "clause", "offset": [992, 1003]}, {"key": "purchase-of-options", "type": "clause", "offset": [1011, 1030]}, {"key": "value-of-the-option", "type": "clause", "offset": [1071, 1090]}, {"key": "the-notice", "type": "clause", "offset": [1151, 1161]}, {"key": "the-exercise-price", "type": "definition", "offset": [1199, 1217]}, {"key": "purchase-of-option-shares", "type": "clause", "offset": [1268, 1293]}, {"key": "date-of-this-agreement", "type": "definition", "offset": [1372, 1394]}, {"key": "cost-of", "type": "clause", "offset": [1538, 1545]}, {"key": "due-to-retirement", "type": "clause", "offset": [1787, 1804]}, {"key": "shares-issued", "type": "definition", "offset": [1900, 1913]}, {"key": "days-or-more", "type": "clause", "offset": [1918, 1930]}, {"key": "employment-of", "type": "clause", "offset": [1967, 1980]}, {"key": "days-or-less", "type": "clause", "offset": [2102, 2114]}, {"key": "at-any-time", "type": "clause", "offset": [2152, 2163]}, {"key": "date-of-issuance", "type": "definition", "offset": [2272, 2288]}, {"key": "the-option-shares", "type": "clause", "offset": [2630, 2647]}, {"key": "to-exercise", "type": "clause", "offset": [2984, 2995]}, {"key": "option-to", "type": "clause", "offset": [3007, 3016]}, {"key": "require-the", "type": "clause", "offset": [3017, 3028]}, {"key": "repurchase-options", "type": "definition", "offset": [3040, 3058]}, {"key": "pursuant-to-section", "type": "definition", "offset": [3080, 3099]}, {"key": "notice-to-the-company", "type": "definition", "offset": [3145, 3166]}, {"key": "the-period", "type": "clause", "offset": [3338, 3348]}, {"key": "signature-of-the", "type": "clause", "offset": [3545, 3561]}], "size": 204, "hash": "337d22b4465f3cdaf1e4e0df585e2d22", "id": 1}, {"samples": [{"hash": "lH9tkcSGfwo", "uri": "/contracts/lH9tkcSGfwo#put-right", "label": "Management Members Agreement (Nalco Energy Services Middle East Holdings, Inc.)", "score": 19.0, "published": true}, {"hash": "kKHXmxyoETt", "uri": "/contracts/kKHXmxyoETt#put-right", "label": "Management Members Agreement (Nalco Holding CO)", "score": 19.0, "published": true}, {"hash": "fnTQYEPh9SQ", "uri": "/contracts/fnTQYEPh9SQ#put-right", "label": "Management Members Agreement (Nalco Holding CO)", "score": 19.0, "published": true}], "snippet": "(a) Subject to the Call Right described in Section 2.02, following a Qualified IPO and for so long as no Termination Event pursuant to Section 2.02(a)(iii) shall have occurred with respect to a Management Member, such Management Member shall have the right, but not the obligation, to sell (the \"Put Right\") beginning on the later of (x) the first date immediately following the expiration of any Company or underwriter \"lock-up\" period applicable to such Qualified IPO and (y) the date that is at least six (6) months and one day after, the Sale Date ( the later of (x) and (y) shall be referred to as the \"First Put Date\"), and the Company shall be required to purchase from such Management Member, a number of such Management Member's Units as determined by such Management Member, at a price per Unit equal to the Fair Market Value as of the date the Management Member exercises such Put Right. For the avoidance of doubt, subject to the Call Right described in Section 2.02, a Management Member shall remain entitled to the Put Right following a Termination Event pursuant to Sections 2.02(a)(i) or (ii) with respect to such Management Member.\n(b) Each Management Member who desires to sell any of his or her Units following the applicable First Put Date shall send written notice to the Company of his or her intention to sell such Units pursuant to this Section 2.03. Subject to the exercise of any Call Right pursuant to Section 2.02, the closing of the purchase shall take place at the principal office of the Company on a date specified by the Company no later than 30 days after the giving of such notice.\n(c) At the closing of a purchase pursuant to a Put Right, the Company will pay to the Management Member the purchase price for such Units (determined in accordance with Section 2.03(a)) by delivery of a number of shares of Issuer Common Stock determined by dividing (A) the aggregate purchase price of the Units being sold by such Management Member by (B) the Public Share FMV as of the close of trading on the trading day immediately prior to the delivery thereof to the Management Member.\n(d) Notwithstanding anything to the contrary elsewhere herein, the Company shall not be obligated to purchase any Units at any time pursuant to this Section 2.03 (i) to the extent that (A) the purchase of such Units (together with any other purchases of Units pursuant to Sections 2.02 or 2.03 hereof, or pursuant to similar provisions in any other agreements with other investors of which the Company has at such time been given or has given notice) or (B) the issuance of shares by the IPO Entity or the purchase of such shares by the Company would result (x) in a violation of any law, statute, rule, regulation, policy, order, writ, injunction, decree or judgment promulgated or entered by any governmental authority applicable to the Company or any of its Subsidiaries or any of its or their assets (including any unavailability of a registration statement or exemption from registration necessary to allow delivery of shares of Issuer Common Stock to the Management Member(s)), (y) after giving effect thereto, in a Financing Default or (z) in the Company being required to disgorge any profit to the IPO Entity pursuant to Section 16(b) of the 1934 Act or (ii) if immediately prior to such purchase of Units, issuance of Issuer Common Stock or purchase of shares of Issuer Common Stock, as the case may be, there exists a Financing Default which prohibits any such issuance or purchase. The Company agrees to use commercially reasonable efforts to cure any such Financing Default that is curable. To the extent that the Company is not obligated to pay for any Units as described in the first sentence of Section 2.03(c) pursuant to the terms of this Section 2.03(d), the Company shall promptly notify any Management Member that has delivered a notice of exercise of a Put Right that it is not obligated to purchase such Units and has deferred its right to make such purchase until such violation, potential liability under the 1933 Act or 1934 Act or Financing Default would not result therefrom or has ceased.\n(e) Notwithstanding anything to the contrary contained in this Section 2.03, any Units which a Management Member has elected to sell to the Company, but which in accordance with Section 2.03(d) are not purchased at the applicable time provided in this Section 2.03, shall be purchased by the Company on the tenth Business Day after such date or dates that it is no longer permitted to defer purchasing such Units under Section 2.03(d), and the Company shall give such Management Member five Business Days prior notice of any such purchase.", "snippet_links": [{"key": "the-call-right", "type": "clause", "offset": [15, 29]}, {"key": "qualified-ipo", "type": "definition", "offset": [69, 82]}, {"key": "no-termination-event", "type": "clause", "offset": [102, 122]}, {"key": "with-respect-to", "type": "clause", "offset": [176, 191]}, {"key": "management-member", "type": "definition", "offset": [194, 211]}, {"key": "the-right", "type": "clause", "offset": [247, 256]}, {"key": "the-obligation", "type": "clause", "offset": [266, 280]}, {"key": "beginning-on-the", "type": "clause", "offset": [308, 324]}, {"key": "first-date", "type": "definition", "offset": [342, 352]}, {"key": "following-the", "type": "definition", "offset": [365, 378]}, {"key": "expiration-of", "type": "clause", "offset": [379, 392]}, {"key": "applicable-to", "type": "clause", "offset": [437, 450]}, {"key": "sale-date", "type": "clause", "offset": [542, 551]}, {"key": "put-date", "type": "clause", "offset": [614, 622]}, {"key": "the-company-shall", "type": "clause", "offset": [630, 647]}, {"key": "a-number", "type": "definition", "offset": [701, 709]}, {"key": "price-per-unit", "type": "clause", "offset": [790, 804]}, {"key": "equal-to", "type": "definition", "offset": [805, 813]}, {"key": "the-fair-market-value", "type": "clause", "offset": [814, 835]}, {"key": "the-management", "type": "definition", "offset": [851, 865]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [899, 925]}, {"key": "a-termination", "type": "definition", "offset": [1049, 1062]}, {"key": "pursuant-to-sections", "type": "clause", "offset": [1069, 1089]}, {"key": "the-applicable", "type": "clause", "offset": [1230, 1244]}, {"key": "notice-to-the-company", "type": "definition", "offset": [1279, 1300]}, {"key": "intention-to-sell", "type": "clause", "offset": [1315, 1332]}, {"key": "exercise-of", "type": "clause", "offset": [1390, 1401]}, {"key": "closing-of-the-purchase", "type": "clause", "offset": [1447, 1470]}, {"key": "principal-office-of-the-company", "type": "clause", "offset": [1495, 1526]}, {"key": "by-the-company", "type": "clause", "offset": [1547, 1561]}, {"key": "days-after", "type": "definition", "offset": [1579, 1589]}, {"key": "a-purchase", "type": "definition", "offset": [1639, 1649]}, {"key": "pursuant-to-a", "type": "clause", "offset": [1650, 1663]}, {"key": "the-company-will", "type": "clause", "offset": [1675, 1691]}, {"key": "pay-to", "type": "definition", "offset": [1692, 1698]}, {"key": "purchase-price-for", "type": "clause", "offset": [1725, 1743]}, {"key": "in-accordance-with", "type": "clause", "offset": [1767, 1785]}, {"key": "delivery-of-a", "type": "clause", "offset": [1806, 1819]}, {"key": "number-of-shares-of", "type": "clause", "offset": [1820, 1839]}, {"key": "issuer-common-stock", "type": "definition", "offset": [1840, 1859]}, {"key": "the-units", "type": "clause", "offset": [1919, 1928]}, {"key": "public-share-fmv", "type": "definition", "offset": [1977, 1993]}, {"key": "close-of-trading", "type": "definition", "offset": [2004, 2020]}, {"key": "trading-day", "type": "definition", "offset": [2028, 2039]}, {"key": "prior-to-the-delivery", "type": "clause", "offset": [2052, 2073]}, {"key": "at-any-time", "type": "clause", "offset": [2228, 2239]}, {"key": "to-the-extent", "type": "clause", "offset": [2274, 2287]}, {"key": "purchases-of-units", "type": "clause", "offset": [2349, 2367]}, {"key": "similar-provisions", "type": "clause", "offset": [2425, 2443]}, {"key": "any-other-agreements", "type": "clause", "offset": [2447, 2467]}, {"key": "other-investors", "type": "definition", "offset": [2473, 2488]}, {"key": "the-company-has", "type": "definition", "offset": [2498, 2513]}, {"key": "issuance-of-shares", "type": "definition", "offset": [2570, 2588]}, {"key": "ipo-entity", "type": "clause", "offset": [2596, 2606]}, {"key": "governmental-authority", "type": "clause", "offset": [2806, 2828]}, {"key": "a-registration-statement", "type": "definition", "offset": [2945, 2969]}, {"key": "exemption-from-registration", "type": "clause", "offset": [2973, 3000]}, {"key": "delivery-of-shares", "type": "clause", "offset": [3020, 3038]}, {"key": "after-giving", "type": "clause", "offset": [3096, 3108]}, {"key": "financing-default", "type": "clause", "offset": [3130, 3147]}, {"key": "of-the-1934-act", "type": "clause", "offset": [3252, 3267]}, {"key": "purchase-of-units", "type": "clause", "offset": [3305, 3322]}, {"key": "purchase-of-shares", "type": "clause", "offset": [3359, 3377]}, {"key": "the-case", "type": "definition", "offset": [3405, 3413]}, {"key": "the-company-agrees-to", "type": "clause", "offset": [3502, 3523]}, {"key": "efforts-to-cure", "type": "clause", "offset": [3552, 3567]}, {"key": "pay-for", "type": "definition", "offset": [3663, 3670]}, {"key": "terms-of", "type": "definition", "offset": [3751, 3759]}, {"key": "promptly-notify", "type": "definition", "offset": [3800, 3815]}, {"key": "notice-of-exercise", "type": "definition", "offset": [3859, 3877]}, {"key": "right-to-make", "type": "clause", "offset": [3962, 3975]}, {"key": "potential-liability", "type": "definition", "offset": [4012, 4031]}, {"key": "the-1933-act", "type": "clause", "offset": [4038, 4050]}, {"key": "contained-in", "type": "definition", "offset": [4171, 4183]}, {"key": "applicable-time", "type": "definition", "offset": [4345, 4360]}, {"key": "to-defer", "type": "definition", "offset": [4508, 4516]}, {"key": "notice-of-any", "type": "clause", "offset": [4637, 4650]}], "size": 36, "hash": "d5be09e43b701792d78c957883bf21c4", "id": 3}, {"samples": [{"hash": "jSJKLMWFCeX", "uri": "/contracts/jSJKLMWFCeX#put-right", "label": "Subscription and Tender Agreement (Vestar Sheridan Inc)", "score": 18.0, "published": true}, {"hash": "j2y8xPIODIL", "uri": "/contracts/j2y8xPIODIL#put-right", "label": "Subscription and Tender Agreement (Vestar Sheridan Inc)", "score": 18.0, "published": true}, {"hash": "gWhx3RgXOxp", "uri": "/contracts/gWhx3RgXOxp#put-right", "label": "Subscription and Tender Agreement (Vestar Sheridan Inc)", "score": 18.0, "published": true}], "snippet": "(a) If, at any time prior to the Lapse Date, a Management Investor's employment with the Company and its Subsidiaries is terminated due to the death or Disability of such Management Investor, then within 180 days of the employment termination date such Management Investor and the members of the Family Group of such Management Investor shall have the option to sell to Sheridan, and Sheridan shall be obligated to purchase, on one occasion from such Management Investor and the members of the Family Group of such Management Investor, all or any portion of the Purchased Shares held by such Management Investor and the members of the Family Group of such Management Investor by providing written notice of his or their election (including the number of Securities to be sold) to Sheridan (a \"Put Notice\"). The purchase price per share for such Securities will be Fair Market Value on the date of termination of employment.\n(b) If, at any time prior to the Lapse Date, a Senior Management Investor's employment with the Company and its Subsidiaries is terminated by the applicable employer without Cause or by such Senior Management Investor with Good Reason, then within 180 days of the employment termination date such Senior Management Investor shall have the option to sell to Sheridan, and Sheridan shall be obligated to purchase, on one occasion from such Senior Management Investor a number of Purchased Shares held by such Senior Management Investor the aggregate purchase price for which under this Section 3.14(b) is not in excess of the aggregate purchase price paid by such Senior Management Investor on the Closing Date for all Securities purchased by such Senior Management Investor on the Closing Date. Such Senior Management Investor shall exercise such put right by providing a Put Notice to Sheridan. The purchase price per share for (A) the Applicable Percentage of such Purchased Shares will be Fair Market Value on the date of termination of employment and (B) the remaining portion of such Purchased Shares, if any, will be the lower of Cost and Fair Market Value on the date of termination of employment.\n(c) The completion of the purchase pursuant to Section 3.14 (a) shall take place at the principal office of Sheridan on or prior to the sixtieth day after the giving of the Put Notice. The purchase price for the Purchased Shares included in the Put Notice shall be paid by delivery to the appropriate Management Investor or the members of his Family Group, as applicable, of a certified bank check or checks in the appropriate amount payable to the order of such Management Investor or the members of his Family Group, as applicable, unless a Financing Default exists or, after giving effect to such payment would exist, which prohibits such cash", "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [8, 19]}, {"key": "prior-to-the", "type": "clause", "offset": [20, 32]}, {"key": "lapse-date", "type": "clause", "offset": [33, 43]}, {"key": "management-investor", "type": "definition", "offset": [47, 66]}, {"key": "the-company-and-its-subsidiaries", "type": "clause", "offset": [85, 117]}, {"key": "death-or-disability", "type": "clause", "offset": [143, 162]}, {"key": "within-180-days", "type": "clause", "offset": [197, 212]}, {"key": "employment-termination-date", "type": "definition", "offset": [220, 247]}, {"key": "family-group", "type": "clause", "offset": [296, 308]}, {"key": "option-to-sell", "type": "clause", "offset": [352, 366]}, {"key": "one-occasion", "type": "definition", "offset": [428, 440]}, {"key": "notice-of", "type": "clause", "offset": [697, 706]}, {"key": "securities-to-be-sold", "type": "clause", "offset": [754, 775]}, {"key": "put-notice", "type": "definition", "offset": [793, 803]}, {"key": "purchase-price-per-share", "type": "clause", "offset": [811, 835]}, {"key": "fair-market-value", "type": "clause", "offset": [864, 881]}, {"key": "date-of-termination-of-employment", "type": "clause", "offset": [889, 922]}, {"key": "senior-management", "type": "clause", "offset": [971, 988]}, {"key": "applicable-employer", "type": "definition", "offset": [1070, 1089]}, {"key": "without-cause", "type": "definition", "offset": [1090, 1103]}, {"key": "with-good-reason", "type": "clause", "offset": [1142, 1158]}, {"key": "number-of-purchased-shares", "type": "clause", "offset": [1391, 1417]}, {"key": "the-aggregate-purchase-price", "type": "clause", "offset": [1458, 1486]}, {"key": "purchase-price-paid", "type": "clause", "offset": [1558, 1577]}, {"key": "the-closing-date", "type": "clause", "offset": [1616, 1632]}, {"key": "securities-purchased", "type": "clause", "offset": [1641, 1661]}, {"key": "notice-to", "type": "definition", "offset": [1799, 1808]}, {"key": "applicable-percentage", "type": "clause", "offset": [1860, 1881]}, {"key": "remaining-portion", "type": "definition", "offset": [1986, 2003]}, {"key": "completion-of-the", "type": "clause", "offset": [2136, 2153]}, {"key": "pursuant-to-section", "type": "definition", "offset": [2163, 2182]}, {"key": "principal-office", "type": "clause", "offset": [2216, 2232]}, {"key": "shares-included", "type": "clause", "offset": [2350, 2365]}, {"key": "delivery-to-the", "type": "clause", "offset": [2401, 2416]}, {"key": "payable-to", "type": "definition", "offset": [2562, 2572]}, {"key": "order-of", "type": "clause", "offset": [2577, 2585]}, {"key": "default-exists", "type": "clause", "offset": [2681, 2695]}, {"key": "after-giving", "type": "clause", "offset": [2700, 2712]}], "size": 66, "hash": "c97b7d781514f840cf11cf4f3ef02455", "id": 2}, {"samples": [{"hash": "llbQp0tyjU2", "uri": "/contracts/llbQp0tyjU2#put-right", "label": "Series C Preference Shares Purchase Agreement (Home Inns & Hotels Management Inc.)", "score": 21.0, "published": true}, {"hash": "hjQRqgPuBWq", "uri": "/contracts/hjQRqgPuBWq#put-right", "label": "Shareholders Agreement (Home Inns & Hotels Management Inc.)", "score": 21.0, "published": true}, {"hash": "dGSWplBiu1k", "uri": "/contracts/dGSWplBiu1k#put-right", "label": "Shareholders Agreement (Home Inns & Hotels Management Inc.)", "score": 21.0, "published": true}], "snippet": "If a Seller Transfers any Stock in contravention of a Key Shareholder\u2019s Right of Co-Sale under this Agreement (a \u201cProhibited Transfer\u201d) provided, however, all the Key Shareholders have consented to such Transfer notwithstanding Section 6.1 above by delivery of a joint written notice to the Company to permit and validate such Transfer subject to any conditions set forth in such notice, or if the Proposed Transferee of Offered Stock desires to purchase a class, series or type of stock offered by the Seller but not held by a Key Shareholder or the Proposed Transferee is unwilling to purchase any Stock from a Key Shareholder, such Key Shareholder may, by delivery of written notice to such Seller (a \u201cPut Notice\u201d) within ten (10) days after the later of (i) the Closing as defined in subsection 4.1 above, or (ii) the date on which such Key Shareholder becomes aware of the Prohibited Transfer or the terms thereof, and in addition to such other remedies as may be available at law, require such Seller to purchase from such Key Shareholder, for cash or such other consideration as the Seller received in the Prohibited Transfer or at the Closing, a number of shares of Stock (of the same class or type as Transferred in the Prohibited Transfer or at the Closing if such Key Shareholder then owns Stock of such class or type; otherwise Series A Shares, Series B Shares or Ordinary Shares) having a purchase price equal to the aggregate purchase price that the Key Shareholder would have received in the closing of such Prohibited Transfer if such Key Shareholder had elected to exercise its Right of Co-Sale with respect thereto or in the Closing if the Proposed Transferee had been willing to purchase the Stock of the Key Shareholder. The closing of such sale to the Seller will occur within ten (10) days after the date of such Key Shareholder\u2019s Put Notice to such Seller.", "snippet_links": [{"key": "seller-transfers", "type": "clause", "offset": [5, 21]}, {"key": "right-of-co", "type": "clause", "offset": [72, 83]}, {"key": "this-agreement", "type": "clause", "offset": [95, 109]}, {"key": "prohibited-transfer", "type": "definition", "offset": [114, 133]}, {"key": "key-shareholders", "type": "definition", "offset": [163, 179]}, {"key": "consented-to", "type": "definition", "offset": [185, 197]}, {"key": "section-61", "type": "clause", "offset": [228, 239]}, {"key": "delivery-of-a", "type": "clause", "offset": [249, 262]}, {"key": "notice-to-the-company", "type": "definition", "offset": [277, 298]}, {"key": "subject-to", "type": "definition", "offset": [336, 346]}, {"key": "proposed-transferee", "type": "clause", "offset": [398, 417]}, {"key": "offered-stock", "type": "definition", "offset": [421, 434]}, {"key": "a-class", "type": "definition", "offset": [455, 462]}, {"key": "by-the-seller", "type": "clause", "offset": [496, 509]}, {"key": "not-held", "type": "definition", "offset": [514, 522]}, {"key": "put-notice", "type": "definition", "offset": [705, 715]}, {"key": "days-after", "type": "definition", "offset": [734, 744]}, {"key": "the-terms", "type": "clause", "offset": [901, 910]}, {"key": "in-addition-to", "type": "clause", "offset": [924, 938]}, {"key": "other-remedies", "type": "clause", "offset": [944, 958]}, {"key": "available-at", "type": "definition", "offset": [969, 981]}, {"key": "for-cash", "type": "definition", "offset": [1046, 1054]}, {"key": "other-consideration", "type": "definition", "offset": [1063, 1082]}, {"key": "at-the-closing", "type": "definition", "offset": [1136, 1150]}, {"key": "number-of-shares-of-stock", "type": "clause", "offset": [1154, 1179]}, {"key": "series-a-shares", "type": "definition", "offset": [1340, 1355]}, {"key": "series-b-shares", "type": "clause", "offset": [1357, 1372]}, {"key": "ordinary-shares", "type": "definition", "offset": [1376, 1391]}, {"key": "a-purchase", "type": "definition", "offset": [1400, 1410]}, {"key": "equal-to", "type": "definition", "offset": [1417, 1425]}, {"key": "the-aggregate-purchase-price", "type": "clause", "offset": [1426, 1454]}, {"key": "to-exercise", "type": "clause", "offset": [1579, 1590]}, {"key": "the-stock", "type": "clause", "offset": [1707, 1716]}, {"key": "seller-will", "type": "clause", "offset": [1773, 1784]}, {"key": "date-of", "type": "clause", "offset": [1822, 1829]}], "size": 13, "hash": "fb989d0866cf26ed8e730ab4891eaeb2", "id": 8}, {"samples": [{"hash": "4iCT4uIvUnP", "uri": "/contracts/4iCT4uIvUnP#put-right", "label": "Employment Agreement (Sbarro Inc)", "score": 19.353181839, "published": true}, {"hash": "lDKzF00zr9t", "uri": "/contracts/lDKzF00zr9t#put-right", "label": "Employment Agreement (Sbarro Express LLC)", "score": 19.0, "published": true}, {"hash": "fgCzXOilowG", "uri": "/contracts/fgCzXOilowG#put-right", "label": "Employment Agreement (Sbarro Express LLC)", "score": 19.0, "published": true}], "snippet": "In the event that Executive\u2019s employment with Sbarro is terminated (i) by Sbarro without Cause (as defined below), (ii) by Executive with Good Reason (as defined below), (iii) as a result of Executive\u2019s death or disability or (iv) as a result of the failure of Sbarro to renew the Term, as provided in Section 1, Executive shall have the right to put all or a portion of Executive\u2019s Units to Parent, and Parent shall be required to purchase such Units, as provided in Section 11.5 of the LLC Agreement.", "snippet_links": [{"key": "in-the-event", "type": "clause", "offset": [0, 12]}, {"key": "without-cause", "type": "definition", "offset": [81, 94]}, {"key": "by-executive-with-good-reason", "type": "clause", "offset": [120, 149]}, {"key": "death-or-disability", "type": "clause", "offset": [203, 222]}, {"key": "the-term", "type": "definition", "offset": [277, 285]}, {"key": "section-1", "type": "definition", "offset": [302, 311]}, {"key": "right-to-put", "type": "clause", "offset": [338, 350]}, {"key": "a-portion", "type": "definition", "offset": [358, 367]}, {"key": "to-parent", "type": "definition", "offset": [389, 398]}, {"key": "llc-agreement", "type": "definition", "offset": [488, 501]}], "size": 10, "hash": "2d7c6c79508a1bf236402948b6df3281", "id": 10}, {"samples": [{"hash": "f4TTRQ4er4h", "uri": "/contracts/f4TTRQ4er4h#put-right", "label": "Warrant Agreement (Bluestem Brands, Inc.)", "score": 22.3004798889, "published": true}, {"hash": "2zpaD86f2r9", "uri": "/contracts/2zpaD86f2r9#put-right", "label": "Warrant Agreement (Bluestem Brands, Inc.)", "score": 22.3004798889, "published": true}], "snippet": "If the Company enters into any business combination whereby the holders of the capital stock of the Company prior to the effective time of the business combination would hold, directly or indirectly, less than fifty percent (50%) of the aggregate capital stock of the surviving entity, the Company shall provide written notice of such business combination to the Holder not less than thirty (30).days prior to the effective time of such business combination. Upon receiving such notice (an \u201cElection Notice\u201d) from the Company, the Holder may elect, by providing written notice of such election to the Company within thirty (30) days of the date it receives such notice, to require that the Company purchase this Warrant (or any portion thereof that remains unexercised) from the Holder for an amount; in cash, equal to (a) the aggregate fair market value immediately prior to the effective time of such business combination of the Shares issuable pursuant to this Warrant (such fair market value to be determined as set forth in Section 2(c) hereof) minus (b) the aggregate Exercise Price of this Warrant for such Shares (the \u201cPut Right\u201d); provided in order to effectively exercise the Put Right, the Election Notice shall describe in detail (i) the conflict of interest the Holder would experience if forced to hold equity securities of the surviving entity and (ii) why such conflict of interest has or would have a material adverse effect on the Holder\u2019s business operation in the ordinary course, -provided, further, however\u2022, that the Holder shall have no Put Right if (x) the proposed business combination is not consummated, (y) the consideration payable to the holders of the capital stock of the Company consists solely of cash or capital stock of a corporation or other entity that is publicly traded on the Nasdaq National or SmallCap Market or on a national securities exchange or (z) the Company does not have sufficient cash legally available to fully satisfy the Put Right. Subject to the foregoing, the Company shall pay to the Holder; in immediately available funds, any amounts due as a result of the Holder\u2019s exercise of its Put Right no later than the effective time of the business combination.. The Put Right shall terminate upon the full exercise of this Warrant. This Section 12 shall terminate and be of no further force and effect upon the earlier of (1) the termination of the Loan Agreement and the repayment by the Company of or the waiver or forgiveness of its obligations thereunder or (ii) upon any transfer of this Warrant by the Holder.", "snippet_links": [{"key": "any-business", "type": "definition", "offset": [27, 39]}, {"key": "holders-of", "type": "clause", "offset": [64, 74]}, {"key": "capital-stock-of-the-company", "type": "clause", "offset": [79, 107]}, {"key": "the-business-combination", "type": "clause", "offset": [139, 163]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [176, 198]}, {"key": "fifty-percent", "type": "definition", "offset": [210, 223]}, {"key": "aggregate-capital", "type": "clause", "offset": [237, 254]}, {"key": "the-surviving-entity", "type": "clause", "offset": [264, 284]}, {"key": "the-company-shall", "type": "clause", "offset": [286, 303]}, {"key": "notice-of", "type": "clause", "offset": [320, 329]}, {"key": "upon-receiving", "type": "clause", "offset": [459, 473]}, {"key": "election-notice", "type": "definition", "offset": [491, 506]}, {"key": "from-the-company", "type": "clause", "offset": [509, 525]}, {"key": "to-the-company", "type": "clause", "offset": [594, 608]}, {"key": "within-thirty", "type": "clause", "offset": [609, 622]}, {"key": "company-purchase", "type": "clause", "offset": [690, 706]}, {"key": "equal-to", "type": "definition", "offset": [810, 818]}, {"key": "aggregate-fair-market-value", "type": "definition", "offset": [827, 854]}, {"key": "shares-issuable", "type": "clause", "offset": [931, 946]}, {"key": "pursuant-to", "type": "definition", "offset": [947, 958]}, {"key": "to-be-determined", "type": "clause", "offset": [996, 1012]}, {"key": "aggregate-exercise-price", "type": "clause", "offset": [1064, 1088]}, {"key": "in-order-to", "type": "clause", "offset": [1149, 1160]}, {"key": "the-election", "type": "clause", "offset": [1197, 1209]}, {"key": "describe-in-detail", "type": "definition", "offset": [1223, 1241]}, {"key": "conflict-of-interest", "type": "definition", "offset": [1250, 1270]}, {"key": "equity-securities", "type": "definition", "offset": [1317, 1334]}, {"key": "effect-on-the", "type": "clause", "offset": [1435, 1448]}, {"key": "operation-in-the-ordinary-course", "type": "clause", "offset": [1467, 1499]}, {"key": "proposed-business-combination", "type": "definition", "offset": [1582, 1611]}, {"key": "payable-to", "type": "definition", "offset": [1654, 1664]}, {"key": "a-corporation", "type": "clause", "offset": [1757, 1770]}, {"key": "other-entity", "type": "definition", "offset": [1774, 1786]}, {"key": "publicly-traded", "type": "clause", "offset": [1795, 1810]}, {"key": "the-nasdaq", "type": "clause", "offset": [1814, 1824]}, {"key": "national-securities-exchange", "type": "clause", "offset": [1861, 1889]}, {"key": "sufficient-cash", "type": "clause", "offset": [1923, 1938]}, {"key": "available-to", "type": "definition", "offset": [1947, 1959]}, {"key": "the-foregoing", "type": "definition", "offset": [2000, 2013]}, {"key": "pay-to", "type": "definition", "offset": [2033, 2039]}, {"key": "immediately-available-funds", "type": "clause", "offset": [2055, 2082]}, {"key": "amounts-due", "type": "definition", "offset": [2088, 2099]}, {"key": "exercise-of-this-warrant", "type": "clause", "offset": [2261, 2285]}, {"key": "section-12", "type": "definition", "offset": [2292, 2302]}, {"key": "force-and-effect", "type": "clause", "offset": [2340, 2356]}, {"key": "termination-of-the-loan-agreement", "type": "clause", "offset": [2385, 2418]}, {"key": "by-the-company", "type": "clause", "offset": [2437, 2451]}, {"key": "the-waiver", "type": "clause", "offset": [2458, 2468]}, {"key": "transfer-of-this-warrant", "type": "clause", "offset": [2531, 2555]}, {"key": "by-the-holder", "type": "clause", "offset": [2556, 2569]}], "size": 29, "hash": "df60ab33465a53caf9a65d73101a6f32", "id": 4}, {"samples": [{"hash": "bsmKbTGwYv1", "uri": "/contracts/bsmKbTGwYv1#put-right", "label": "Warrant Agreement (Bluestem Brands, Inc.)", "score": 20.3004798889, "published": true}, {"hash": "3Rxy7ESlihG", "uri": "/contracts/3Rxy7ESlihG#put-right", "label": "Warrant Agreement (Bluestem Brands, Inc.)", "score": 20.3004798889, "published": true}, {"hash": "2YLg1LUfpIk", "uri": "/contracts/2YLg1LUfpIk#put-right", "label": "Warrant Agreement (Bluestem Brands, Inc.)", "score": 20.3004798889, "published": true}], "snippet": "(i) From and after the earliest of five years from the date hereof and the date a redemption notice is delivered in respect of any capital stock of the Company, the date upon which a Change of Control Transaction occurs, upon receipt of a written notice from the Holder (a \u201cPut Notice\u201d), within 30 days of the receipt of such notice, the Company shall purchase or redeem from the Holder the portion of the Warrant related to the number of Shares set forth in the Put Notice, or if converted the number of Shares set forth in the Put Notice, in each case for a purchase price equal to the Fair Market Value of each Share; provided that the Company will not be obligated to redeem any Warrant in whole or in part to the extent such redemption would result in a default under any indebtedness of the Company, unless such default is waived or any acceleration of such indebtedness is rescinded and cancelled.\n(ii) In connection with the closing of a sale of Shares pursuant to this Section 10(a), the Holder shall deliver either this Warrant (which shall be reissued taking into effect the repurchase or redemption of the portion of the Warrant related to the number of Shares to be sold) or the certificate(s) representing the Shares to be purchased by the Company duly endorsed by the Holder in favor of the Company, in each case against payment by the Company to the Holder in immediately available funds the purchase price to be paid in exchange for such Shares and such Shares shall be transferred free and clear of any liens or other encumbrances, other than encumbrances created pursuant to this Agreement or the Company\u2019s organizational documents.", "snippet_links": [{"key": "five-years", "type": "clause", "offset": [35, 45]}, {"key": "date-hereof", "type": "clause", "offset": [55, 66]}, {"key": "redemption-notice", "type": "definition", "offset": [82, 99]}, {"key": "in-respect-of", "type": "definition", "offset": [113, 126]}, {"key": "capital-stock-of-the-company", "type": "clause", "offset": [131, 159]}, {"key": "change-of-control-transaction", "type": "definition", "offset": [183, 212]}, {"key": "upon-receipt-of-a", "type": "clause", "offset": [221, 238]}, {"key": "written-notice", "type": "clause", "offset": [239, 253]}, {"key": "put-notice", "type": "definition", "offset": [274, 284]}, {"key": "the-company-shall", "type": "clause", "offset": [334, 351]}, {"key": "the-warrant", "type": "clause", "offset": [402, 413]}, {"key": "related-to", "type": "clause", "offset": [414, 424]}, {"key": "each-case", "type": "definition", "offset": [544, 553]}, {"key": "a-purchase", "type": "definition", "offset": [558, 568]}, {"key": "equal-to", "type": "definition", "offset": [575, 583]}, {"key": "the-fair-market-value", "type": "clause", "offset": [584, 605]}, {"key": "provided-that", "type": "definition", "offset": [621, 634]}, {"key": "the-company-will", "type": "clause", "offset": [635, 651]}, {"key": "to-the-extent", "type": "clause", "offset": [711, 724]}, {"key": "default-under", "type": "clause", "offset": [759, 772]}, {"key": "indebtedness-of-the-company", "type": "clause", "offset": [777, 804]}, {"key": "in-connection-with", "type": "clause", "offset": [910, 928]}, {"key": "closing-of-a", "type": "definition", "offset": [933, 945]}, {"key": "sale-of-shares", "type": "clause", "offset": [946, 960]}, {"key": "this-warrant", "type": "clause", "offset": [1025, 1037]}, {"key": "into-effect", "type": "clause", "offset": [1070, 1081]}, {"key": "repurchase-or-redemption", "type": "clause", "offset": [1086, 1110]}, {"key": "number-of-shares-to-be-sold", "type": "clause", "offset": [1156, 1183]}, {"key": "shares-to-be-purchased", "type": "clause", "offset": [1224, 1246]}, {"key": "duly-endorsed", "type": "definition", "offset": [1262, 1275]}, {"key": "by-the-holder", "type": "clause", "offset": [1276, 1289]}, {"key": "in-favor-of", "type": "definition", "offset": [1290, 1301]}, {"key": "payment-by-the-company", "type": "clause", "offset": [1336, 1358]}, {"key": "immediately-available-funds", "type": "clause", "offset": [1376, 1403]}, {"key": "price-to-be-paid", "type": "clause", "offset": [1417, 1433]}, {"key": "in-exchange", "type": "clause", "offset": [1434, 1445]}, {"key": "free-and-clear", "type": "definition", "offset": [1499, 1513]}, {"key": "other-encumbrances", "type": "definition", "offset": [1530, 1548]}, {"key": "agreement-or", "type": "definition", "offset": [1599, 1611]}, {"key": "organizational-documents", "type": "clause", "offset": [1626, 1650]}], "size": 13, "hash": "24419d21f4043227c4b19b70ca48d7bc", "id": 7}, {"samples": [{"hash": "gM1aHDIvKzC", "uri": "/contracts/gM1aHDIvKzC#put-right", "label": "Merger Agreement (STR Holdings (New) LLC)", "score": 21.0, "published": true}, {"hash": "b9KtusUgktv", "uri": "/contracts/b9KtusUgktv#put-right", "label": "Merger Agreement (STR Holdings, Inc.)", "score": 21.0, "published": true}, {"hash": "6ZjVZwPLRt6", "uri": "/contracts/6ZjVZwPLRt6#put-right", "label": "Limited Liability Company Agreement (STR Holdings (New) LLC)", "score": 21.0, "published": true}], "snippet": "(i) Upon any Management Member\u2019s termination for Good Reason, termination by the Company without Cause, or upon the death or Disability of the Management Member, such Management Member (or his or her legal representative) shall have the option to sell and if such option is exercised the Company shall purchase, all or any portion of such Terminated Member\u2019s Termination Units designated by such Management Member (in each case other than Rollover Units, which shall be subject to Section 7.09(c)) owned on the Termination Date (collectively, the \u201cPut Units\u201d) for a purchase price equal to the Termination Price of the Put Units.\n(ii) The Terminated Member (or such Terminated Member\u2019s Permitted Transferees) shall notify the Company in writing, within 90 days of the Termination Date, whether such Terminated Member (or such Permitted Transferee) will exercise its option pursuant to Section 7.09(b)(i) (the date on which the Company is so notified, the \u201cPut Notice Date\u201d).\n(iii) The Company may offer to the Class A Members the opportunity to participate in the purchase of all or any portion of the Put Units under this Section 7.09(b) on a pro rata basis in proportion to the number of Units held by such Class A Member and any such Class A Member electing to participate may act under this Section 7.09(b) in the same manner in which the Company could act. In the event that the Company determines that it will offer the opportunity to purchase Termination Units under this Section 7.09, it shall give the Class A Members written notice of the number of Put Units, the Termination Price and the terms and conditions of the proposed sale. Each Class A Member shall have ten (10) days from the date of receipt of any such notice to agree to purchase up to its pro rata share of such Put Units, for the Termination Price and upon the terms and conditions specified in the notice, by giving written notice to the Company stating therein the quantity of Put Units to be purchased up to such Class A Member\u2019s pro rata share. If any Class A Member fails to agree to purchase its full pro rata share within such ten (10) day period, the Company will give the Class A Members who did so agree (the \u201cElecting Put Members\u201d) notice of the number of Put Units not subscribed for. The Electing Put Members shall have five (5) days from the date of such second notice to agree to purchase their pro rata share (or such greater amount as the Electing Put Members agree upon) of all or any part of the Put Units not purchased by such other Class A Members.\n(iv) Any notice delivered pursuant to Section 7.09(b)(ii) shall set forth the closing date chosen by such Management Member, which date shall in no event be less than 90 days nor more than 120 days after the Put Notice Date; provided that in the event the Terminated Member has not held the Termination Units for a period of 180 days after the date of grant, the closing shall occur immediately following the expiration of such 180 day period (for purposes hereof each Permitted Transferee shall be considered to have held the Termination Units to the same extent as the original transferee). The closing of the purchase by the Company of Put Units pursuant to Section 7.09(b) shall take place at the principal office of the Company on or before the closing date set forth in such notice. At such closing, (i) the Company shall pay the Terminated Member and/or such Terminated Member\u2019s Permitted Transferees, as applicable, against delivery of duly endorsed certificates described below representing such Termination Units, the aggregate Termination Price by wire transfer of immediately available federal funds and (ii) the Terminated Member and/or such Terminated Member\u2019s Permitted Transferees, as applicable, shall deliver to the Company a certificate or certificates representing the Put Units to be purchased by the Company duly endorsed, or with unit powers duly endorsed, for transfer with signature guaranteed, free and clear of any lien or encumbrance, with any necessary stock transfer tax stamps affixed. The delivery of a certificate or certificates for the Put Units by any Person selling such Termination Units pursuant to this Section 7.09(b) shall be deemed a representation and warranty by such Person that: (i) such Person has full right, title and interest in and to such Put Units; (ii) such Person has all necessary power and authority and has taken all necessary action to sell such Put Units as contemplated; (iii) such Put Units are free and clear of any and all liens or encumbrances, and (iv) there is no adverse claim with respect to such Put Units.", "snippet_links": [{"key": "management-member", "type": "definition", "offset": [13, 30]}, {"key": "termination-for-good-reason", "type": "definition", "offset": [33, 60]}, {"key": "termination-by-the-company-without-cause", "type": "definition", "offset": [62, 102]}, {"key": "death-or-disability", "type": "clause", "offset": [116, 135]}, {"key": "the-management", "type": "definition", "offset": [139, 153]}, {"key": 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"full-right", "type": "definition", "offset": [4291, 4301]}, {"key": "title-and-interest", "type": "clause", "offset": [4303, 4321]}, {"key": "authority-and", "type": "clause", "offset": [4393, 4406]}, {"key": "all-necessary-action", "type": "clause", "offset": [4417, 4437]}, {"key": "liens-or-encumbrances", "type": "clause", "offset": [4533, 4554]}, {"key": "no-adverse-claim", "type": "clause", "offset": [4574, 4590]}, {"key": "with-respect-to", "type": "clause", "offset": [4591, 4606]}], "size": 19, "hash": "988dfb9f4c1f222e7496882d5f1e4389", "id": 5}, {"samples": [{"hash": "jNsRksMv59C", "uri": "/contracts/jNsRksMv59C#put-right", "label": "Investor Rights Agreement (Third Wave Technologies Inc /Wi)", "score": 18.0, "published": true}, {"hash": "12fOLWdwcJ4", "uri": "/contracts/12fOLWdwcJ4#put-right", "label": "Investor Rights Agreement (Third Wave Technologies Inc /Wi)", "score": 18.0, "published": true}], "snippet": "If a Seller Transfers any Stock in contravention of the Investors' Right of Co-Sale under this Agreement (a \"PROHIBITED TRANSFER\"), or if the Proposed Transferee of Offered Shares desires to purchase a class, series or type of Stock offered by the Seller but not held by an Investor or the Proposed Transferee is unwilling to purchase any Stock from an Investor, such Investor may, by delivery of written notice to such Seller (a \"PUT NOTICE\") within ten (10) Business Days after the later of (i) the Closing, or (ii) the date on which such Investor becomes aware of the Prohibited Transfer or the terms thereof, require such Seller to purchase from such Investor, for cash or such other consideration as the Seller received in the Prohibited Transfer or at the Closing, a number of Selling Investor Shares (of the same class or type as Transferred in the Prohibited Transfer or at the Closing if such Investor then owns Stock of such class or type; otherwise of preferred stock or common stock) having a purchase price equal to the aggregate purchase price that the Investor would have received in the closing of such Prohibited Transfer if such Investor had elected to exercise its Right of Co-Sale with respect thereto or in the Closing if the Proposed Transferee had been willing to purchase the Selling Investor Shares of the Investor. The closing of such sale to the Seller will occur within ten (10) days after the date of such Investor's Put Notice to such Seller.", "snippet_links": [{"key": "seller-transfers", "type": "clause", "offset": [5, 21]}, {"key": "of-the-investors", "type": "clause", "offset": [49, 65]}, {"key": "right-of-co", "type": "clause", "offset": [67, 78]}, {"key": "this-agreement", "type": "clause", "offset": [90, 104]}, {"key": "prohibited-transfer", "type": "definition", "offset": [109, 128]}, {"key": "proposed-transferee", "type": "clause", "offset": [142, 161]}, {"key": "offered-shares", "type": "definition", "offset": [165, 179]}, {"key": "a-class", "type": "definition", "offset": [200, 207]}, {"key": "by-the-seller", "type": "clause", "offset": [241, 254]}, {"key": "not-held", "type": "definition", "offset": [259, 267]}, {"key": "an-investor", "type": "definition", "offset": [271, 282]}, {"key": "such-investor", "type": "clause", "offset": [363, 376]}, {"key": "delivery-of", "type": "clause", "offset": [385, 396]}, {"key": "notice-to", "type": "definition", "offset": [405, 414]}, {"key": "put-notice", "type": "definition", "offset": [431, 441]}, {"key": "days-after", "type": "definition", "offset": [469, 479]}, {"key": "the-terms", "type": "clause", "offset": [594, 603]}, {"key": "for-cash", "type": "definition", "offset": [665, 673]}, {"key": "other-consideration", "type": "definition", "offset": [682, 701]}, {"key": "at-the-closing", "type": "definition", "offset": [755, 769]}, {"key": "number-of", "type": "clause", "offset": [773, 782]}, {"key": "investor-shares", "type": "clause", "offset": [791, 806]}, {"key": "preferred-stock", "type": "definition", "offset": [963, 978]}, {"key": "common-stock", "type": "definition", "offset": [982, 994]}, {"key": "a-purchase", "type": "definition", "offset": [1003, 1013]}, {"key": "equal-to", "type": "definition", "offset": [1020, 1028]}, {"key": "the-aggregate-purchase-price", "type": "clause", "offset": [1029, 1057]}, {"key": "to-exercise", "type": "clause", "offset": [1168, 1179]}, {"key": "the-selling", "type": "definition", "offset": [1296, 1307]}, {"key": "shares-of", "type": "clause", "offset": [1317, 1326]}, {"key": "seller-will", "type": "clause", "offset": [1373, 1384]}, {"key": "date-of", "type": "clause", "offset": [1422, 1429]}], "size": 17, "hash": "8fb4895cc5d066b0921a76da12c4dca3", "id": 6}, {"samples": [{"hash": "cBlWtjI9212", "uri": "/contracts/cBlWtjI9212#put-right", "label": "Supplemental Indenture (American Electric Power Co Inc)", "score": 31.6255989075, "published": true}, {"hash": "aWJfhEwKnHB", "uri": "/contracts/aWJfhEwKnHB#put-right", "label": "Supplemental Indenture (American Electric Power Co Inc)", "score": 30.2101306915, "published": true}], "snippet": "(a) If there has not been a Successful Remarketing on or prior to the last day of the Final Remarketing Period, Holders of Debentures will, subject to this Section 9.05, have the right (the \u201cPut Right\u201d) to require the Company to purchase such Debentures for cash on the Purchase Contract Settlement Date, at a price per Debenture to be purchased equal to the principal amount of the applicable Debenture (the \u201cPut Price\u201d).\n(b) The Put Right of a Holder of a Separate Debenture shall only be exercisable upon delivery of a notice substantially in the form attached as Exhibit B hereto (or, in the case of Global Debentures, in accordance with applicable procedures of the Depository), together with such Holder\u2019s Separate Debentures, to the Trustee by such Holder at or prior to 4:00 p.m., New York City time, on the second Business Day immediately preceding the Purchase Contract Settlement Date. Such Put Right for a Holder of a Separate Debenture may be exercised with respect to all or a portion of such Holder\u2019s Separate Debentures (so long as such portion is an integral multiple of $1,000 principal amount). Prior to the Purchase Contract Settlement Date, the Company shall deposit with the Trustee immediately available funds in an amount sufficient to pay, on the Purchase Contract Settlement Date, the aggregate Put Price of all Separate Debentures with respect to which a Holder has exercised a Put Right. In exchange for any Separate Debentures surrendered pursuant to the Put Right, the Trustee shall then distribute such amount to the Holders of such Separate Debentures.\n(c) If there has not been a Successful Remarketing on or prior to the last day of the Final Remarketing Period, the Put Right of Holders with respect to Debentures relating to Applicable Ownership Interests in Debentures included in Corporate Units will be deemed to be automatically exercised in accordance with Section 5.02(b) of the Purchase Contract and Pledge Agreement (unless any such Holder has duly notified the Purchase Contract Agent of its intent to effect a Cash Settlement and timely paid the Purchase Price).\n(d) Debentures purchased pursuant to the Put Right shall be cancelled by the Trustee.", "snippet_links": [{"key": "successful-remarketing", "type": "clause", "offset": [28, 50]}, {"key": "prior-to-the", "type": "clause", "offset": [57, 69]}, {"key": "day-of", "type": "clause", "offset": [75, 81]}, 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