Option 3 Put definition
Examples of Option 3 Put in a sentence
Additionally, there shall be no Option 1 Put during an Option 3 Put Valuation Period.
The Closing of an Option 2 Put and Option 3 Put shall occur within one Trading Day following the Clearing Date, whereby the Investor shall deliver the Investment Amount by wire transfer of immediately available funds to an account designated by the Company.
At any time and from time to time during the Commitment Period, except as provided in this Agreement, the Company may cause an Option 1 Put, an Option 2 Put or an Option 3 Put by delivering a Put Notice to the Investor, subject to satisfaction of the conditions set forth in Section 2.1, Section 7.2 and otherwise provided in this Agreement.
Additionally, there shall be no Option 2 Put or Option 3 Put on a date that an Option 3 Put is delivered.
Additionally, there shall be no Option 2 Put during an Option 3 Put Valuation Period.
If the value of the Put Shares delivered to the Investor causes the Company to exceed the Maximum Commitment Amount, then the Investor shall return to the Company the surplus amount of Put Shares associated with such Option 1 Put, Option 2 Put or Option 3 Put, and such applicable purchase Price shall be reduced by any Clearing Costs related to the return of such Put Shares.