Put/Call Right definition
Examples of Put/Call Right in a sentence
The sale of Common Stock pursuant to this Put/Call Right Exercise Notice shall occur on or prior to , forty-five (45) days from the date of this Put/Call Right Exercise Notice (the “Closing Date”).
The sale of Common Stock pursuant to this Put/Call Right Exercise Notice shall occur on or prior to , forty-five (45) days from the date of this Put/Call Right Exercise Notice (the“Closing Date”).
Such purchase and sale shall be for cash at a purchase price equal to the greater of (i) 50% of the Net EBITDA for the Pricing Period ending with the month immediately preceding the month in which the written notice is given exercising the Put/Call Right times the Valuation Multiple and (ii) the LD Combined Capital Account Balance.
If on or before the 30th day after exercise of the Put/Call Right, such Limited Partners have not reached agreement on the Valuation Multiple, each Limited Partner shall submit a proposed Valuation Multiple to the Valuation Expert, together with any supporting documentation such Limited Partners deems appropriate, on or before the 60th day after the exercise of the Put/Call Right.
If the Minority Shareholders choose to exercise their Put/Call Right, then a Minority Shareholder authorized by all of the Minority Shareholders shall deliver, on behalf of all Minority Shareholders, to SGS and the Company, a written notice executed by all Minority Shareholders.
Notwithstanding this Section 7.1, a Sale Offer proposed by the Minority Shareholders requires all Minority Shareholders to offer to sell all but not less than all of their Shares to SGS in accordance with this Section 7.1. If SGS and the Minority Shareholders both deliver written notice to the Company of its exercise of the Put/Call Right, the notice that was first received by the Company shall be the Put/Call Right that shall be exercised.
In the event that the Members are unable to resolve a Legal Impediment in accordance with this Section 9.02 within sixty (60) days after an actual or potential Legal Impediment is identified (the “Legal Impediment Negotiation Period”), then following the end of the Legal Impediment Negotiation Period, each Member shall thereafter be entitled to exercise the Legal Impediment Put/Call Right pursuant to Section 7.06(b).
If SGS and the Minority Shareholders both deliver written notice to the Company of its exercise of the Put/Call Right, the notice that was first received by the Company shall be the Put/Call Right that shall be exercised.
On the Put/Call Right Vesting Date and each anniversary of the Put/Call Right Vesting Date thereafter (each such date shall be referred to as a "Put/Call Date"), Persequor shall have the right to require Brightpoint to purchase all of the Persequor Shares at a price as determined pursuant to Section 6(c) by providing Brightpoint with written notice of its intention to exercise this option not less than sixty (60) days prior to the applicable Put/Call Date.
If a party does not exercise the Put/Call Right on or before the end of the Exercise Period, the Put/Call Right shall expire and may not be exercised by such party.