Examples of Second Put Period in a sentence
If a Short Form Merger is consummated as a result of a Conversion due to stockholders exercising the Put Right during either the First or Second Put Period, then holders of Class A Shares who did not exercise the Put Right will be entitled to receive $83.00 in cash per Class B Share.
If during the First Put Period or the Second Put Period, a distributee is unable to exercise a put option because the Company is prohibited from honoring it under applicable Federal or State law ("Non-Exercise Period"), the put option shall be exercisable during an extended put period ("Extended Put Period").
The Put Option shall terminate upon the earlier of (i) the expiration of the Second Put Period and (ii) the exercise by the Company of the Call Option (as defined below).
In the event the Corporation receives a Put Exercise Notice during the First Put Period or the Second Put Period, the Corporation will, within three Business Days of such receipt, mail notice that it has received a Put Exercise Notice to all other holders of shares of Series E Preferred Stock at their registered addresses in the Corporation’s books and records (which may be emailed to an address contained in the Corporation’s books and records if such holder has consented to electronic delivery).
In the event any Shareholder elects to exercise the Put, such Shareholder shall notify the Optionee of such election by delivering a written notice (the "Put Notice") to the Optionee during the First Put Period or the Second Put Period, as the case may be, which shall set forth the fact of such election.
Subject to the limitations described above, any shares of Series E Preferred Stock submitted for redemption during the First Put Period or the Second Put Period will be accepted for redemption and redeemed on the 30th day after the Corporation’s receipt of the applicable written notice (the “Redemption Date”), at the Redemption Price.
During the period from October 17, 2020 to October 16, 2021 (the “Second Put Period”), the Corporation will accept for redemption, in aggregate, up to 20% of the Outstanding Series E Preferred Stock, determined as of the first day of the Second Put Period.
Any Put Notice will be effective only if delivered during the First Put Period, the Second Put Period or the additional period specified in Section 2(c).
If at the last day of the First Put Period, Second Put Period or Third Put Period, as the case may be, Grantees have not exercised the Put Option with respect to any of the Shares allocable to such Put Period, the Grantees' right to exercise the Put Option and to require the Grantors to purchase such Shares shall expire, subject to the Grantees' right, in the event of a Standoff, to carry-over any Shares to the remaining quarters of the Put Term, as described in Section 2.02 below.
Superior may exercise the Put Option only during the First Put Period or the Second Put Period.