The Control Put definition

The Control Put. Notice shall identify each Holder exercising the Control Put Right and the number of Eligible Units to be purchased from such Holder, and shall certify that the Holder Representative has notified each Holder in writing of the exercise of the Control Put Right and the obligation of such Holder to participate in the Control Put Right. Holders exercising the Control Put Right are hereinafter collectively referred to as the "Control Put Selling Holders" and the Eligible Units to be purchased by Katy from the Control Put Selling Holders are hereinafter collectively referred to as the "Control Put Units".
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Examples of The Control Put in a sentence

  • The Control Put Closing shall take place contemporaneously with the closing of the transaction(s) constituting the Change in Control as specified in the Letter of Intent or Definitive Agreement, as applicable, or on such other date as Katy and the Holder Representative may agree.

  • The Control Put Notice may also include a request for a Demand Registration with respect to all or any portion of the Stock Consideration.

  • The Control Put Notice shall also contain the Holders' selection of either the Cash Consideration or the Stock Consideration; if the Control Put Notice does not contain a selection, the Holders shall be deemed to have selected the Cash Consideration.

  • The Control Put Notice shall identify each Holder exercising the Control Put Right and the number of Eligible Units to be purchased from such Holder, and shall certify that the Holder Representative has notified each Holder in writing of the exercise of the Control Put Right and the obligation of such Holder to participate in Control Put Right.

  • The Control Put Notice shall identify each Holder exercising the Control Put Right and the number of Eligible Units to be purchased from such Holder, and shall certify that the Holder Representative has notified each Holder in writing of the exercise of the Control Put Right and the obligation of such Holder to participate in the Control Put Right.

Related to The Control Put

  • Change of Control Put Date shall have the meaning specified in Section 11.1.

  • Control Purchase means any transaction (or series of related transactions) in which (1) any person (as such term is defined in Sections 13(d)(3) and 14(d)(2) of the Exchange Act), corporation or other entity (other than the Company, any Subsidiary of the Company or any employee benefit plan sponsored by the Company or any Subsidiary of the Company) shall purchase any Common Stock of the Company (or securities convertible into Common Stock of the Company) for cash, securities or any other consideration pursuant to a tender offer or exchange offer, without the prior consent of the Board, or (2) any person (as such term is so defined), corporation or other entity (other than the Company, any Subsidiary of the Company, any employee benefit plan sponsored by the Company or any Subsidiary of the Company or any Exempt Person (as defined below)) shall become the “beneficial owner” (as such term is defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 20% or more of the combined voting power of the then outstanding securities of the Company ordinarily (and apart from the rights accruing under special circumstances) having the right to vote in the election of directors (calculated as provided in Rule 13d-3(d) under the Exchange Act in the case of rights to acquire the Company’s securities), other than in a transaction (or series of related transactions) approved by the Board. For purposes of this definition, “Exempt Person” means each of (a) the Chairman of the Board, the President and each of the directors of the Company as of the Distribution Date, and (b) the respective family members, estates and heirs of each of the persons referred to in clause (a) above and any trust or other investment vehicle for the primary benefit of any of such persons or their respective family members or heirs. As used with respect to any person, the term “family member” means the spouse, siblings and lineal descendants of such person.

  • Change of Control Purchase Date shall have the meaning specified in Section 10.1.

  • Change of Control Purchase Price shall have the meaning specified in Section 10.1.

  • Change of Control Repurchase Event means the occurrence of both a Change of Control and a Ratings Event.