Put Option 2 definition
Examples of Put Option 2 in a sentence
Put Option 2 may be exercised by RRZ if, without RRZ's prior written approval, nominal capital of the Company is sold by AboveNet to a third party or parties in a single transaction or a series of related transactions, and such third party(ies) does (do) not offer to purchase all of RRZ's shares in the Company on the same terms as shares are being purchased from other shareholders.
Except as provided in Section 2.2(e)(iii)(B), (A) if the Seller makes a Put Option 1 Election, then the Seller cannot make a Put Option 2 Election, and (B) if the Seller makes a Put Option 2 Election, then the Seller cannot make a Put Option 1 Election.
The Parties agree that Completion shall take place on the Put Option 2 Date (the "Completion Date").
Any Put Option #2, that is not exercised as provided under Section 10.2.2(b) of this Agreement, shall then and thereafter terminate and lapse, and shall not thereafter have any legal force or effect.
The Put Option 2 becomes exercisable at the Put Option 2 Price by HR irrevocably giving Notice (the "Put Option 2 Exercise Notice") to DT of its intent to exercise the Put Option 2, specifying therein the exact number of the Put Option 2 Shares and the date for the transfer thereof, which shall be the third (3rd) Business Day after the expiration of one month from receipt by DT of the Put Option 2 Exercise Notice, namely the 11th of July, 2011 (the "Put Option 2 Date").
Further, Paragraph 6.3. of the Share Purchase Agreement provides that the transfer of any Put Option 2 Shares to DT from the HR shall require the entering into a separate written agreement, substantially in the form of the Share Purchase Agreement, with such adjustments as the Parties will deem necessary in view of the prevailing circumstances.
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.