Put/Call Option definition
Put/Call Option means the put/call option pursuant to the put/call agreement between the Corporation, a subsidiary of the Corporation and shareholders of such subsidiary.
Put/Call Option means, as applicable, either the Put Option or the Call Option under and as defined in that certain Shareholders Agreement, dated as of June 10, 2013, by and between Global Education International B.V. and management of DeVry Educacional Do Brasil S.A.
Put/Call Option means Lessee Pledgor’s call option to purchase and Pledgor’s put option to sell the Equity Interests in the Borrower pursuant to the Put/Call Agreement.
Examples of Put/Call Option in a sentence
Following Completion, Unilever and TMICC shall and shall procure that (respectively) the Unilever Post Demerger Group and the TMICC Group shall complete those steps of the Demerger Reorganisation which, pursuant to the Demerger Reorganisation Steps Plan, are to be completed following Completion, in accordance with and at such time as is set out in the Demerger Reorganisation Steps Plan including steps to be taken pursuant to the Put/Call Option.
More Definitions of Put/Call Option
Put/Call Option shall consist of the following: WTW may invoke the Put-Call Option by delivering a written notice to DAP (the “Trigger Notice”): (A) within 30 days after WTW receives the DAP Change of Control Notice or (B) within 6 months after WTW delivers the WTW Change of Control Notice. Within 30 days of DAP receiving the Trigger Notice, DAP shall deliver to WTW a notice (the “DAP Notice”) setting forth its determination of the value of its interest in the Company (the “DAP Interest Value”). Upon receipt thereof, WTW shall have the right, exercisable by written notice (the “Exercise Notice”) to DAP delivered within six months following receipt of the DAP Notice, to either purchase the entire interest of DAP at a price equal to the DAP Interest Value or to sell its entire interest in the Company to DAP at a price equal to the product of (i) the DAP Interest Value, and (ii) a fraction, the numerator of which shall be the number of Shares held by WTW and the denominator of which shall be the number of Shares held by DAP. The Exercise Notice shall be irrevocable and, together with the DAP Notice, shall constitute a binding agreement by the Parties to purchase and sell the applicable interest of the selling Party in the Company. The closing of the sale of the interest in the Company of DAP or WTW, as applicable, shall occur on a date to be determined by WTW, but in any event not later than 90 days following delivery to DAP of the Exercise Notice. At such closing, the selling Party shall deliver such duly executed instruments of transfer and other documents required in connection with such transfer and the purchasing Party shall deliver payment in full by wire transfer of immediately available funds. The interests being transferred shall be free and clear of any Encumbrance (other than Encumbrances arising under this Agreement) and the selling Party shall so represent and warrant, and shall further represent and warrant that it is the beneficial and record owner of such interest being transferred.
Put/Call Option means, as applicable, either the Put Option or the Call Option under and as defined in that certain Shareholders Agreement, dated as of April 1, 2009, by and between Global Education International B.V. and EDUP Empreendimentos E Participacoes S/A.
Put/Call Option means, subject to the terms and conditions of this Agreement, (i) the right of the MM Member, on behalf of himself and the other Persons constituting a part of the MM Member Group, to Transfer to the Option Purchaser at the Put/Call Closing all, but not less than all, the MM Company Interests of the entire MM Member Group at the Put/Call Purchase Price, free and clear of all Encumbrances, and the corresponding obligation of the Option Purchaser, at the Put/Call Closing, to purchase such MM Company Interests from the MM Member Group at the Put/Call Purchase Price free and clear of all Encumbrances, and (ii) the right of the Option Purchaser to purchase from the MM Member Group, at the Put/Call Closing, all, but not less than all, the MM Company Interests of the entire MM Member Group at the Put/Call Purchase Price, free and clear of all Encumbrances, and the corresponding obligation of the MM Member Group, at the Put/Call Closing, to Transfer such MM Company Interests to the Option Purchaser at the Put/Call Purchase Price, free and clear of all Encumbrances.
Put/Call Option means the obligation of a Partner to either sell such Partner’s Interests to the Initiating Partner (as defined in Section 5.5(b)) or buy the Initiating Partner’s Interests.
Put/Call Option means the put/call option agreement to be entered into between UIH and TMICC on or around the date of this Agreement;