Put Right definition
Examples of Put Right in a sentence
The Buyer may exercise the Buyer Call Right by providing notice to Hall and the Trust Sellers within thirty (30) days following the expiration of the period during which the Trust Sellers may exercise the Executive Put Right.
If the Trust Sellers do not exercise the Executive Put Right, then Buyer shall have the right but not the obligation (the “Buyer Call Right”) to purchase (or cause its designee(s), which may be the Company, to purchase) from the Hall Sellers all or any portion of the Hall Equity.
The Trust Sellers may exercise the Executive Put Right by providing notice to the Buyer within thirty (30) days following H▇▇▇’▇ receipt of such notice.
Within sixty (60) days following H▇▇▇’▇ termination of employment, the Buyer shall provide Hall with a notice stating the purchase price for the Hall Equity should the Trust Sellers elect to exercise the Executive Put Right, as provided in clause (c) below.
The Holder may exercise the Change of Control Put Right by delivering a written notice to the Company, at any time during the Change of Control Put Period , specifying that the Note is to be redeemed, and then the applicable Change of Control Redemption Price be due and payable in cash on the 3rd Trading Day following the Company’s receipt of such notice (“Change of Control Put Notice”).