Investor Put Right Sample Clauses

Investor Put Right. Subject to Section 6.10(c), at any time on or after the three (3) year anniversary of the Step 1 Closing, the Investor shall have the right (the “Put Right”), to require the Company to repurchase, and the Company shall repurchase, all of the Series A Preferred Stock purchased by the Investor in the Step 1 Sale (or such number of the Series B Preferred Stock which were issued and delivered to the Investor on the Step 2 Closing Date in exchange for all the Series A Preferred Stock purchased by the Investor in the Step 1 Sale) on not less than five (5) days’ notice from the Investor to the Company, which notice shall include the intended date of settlement (the “Put Closing Date”), for a purchase price (the “Put Price”) equal to the liquidation preference of such shares of Series A Preferred Stock (including all accumulated and unpaid dividends and accrued interest thereon to the Put Closing Date). The Put Price shall be payable by the Company in immediately available funds to a bank account or bank accounts designated by the Investor or, at the election of the Company, may be paid in the form of two senior promissory notes each having an aggregate principal amount equal to one half ( 1 /2) of the Put Price of the Company, paying interest at LIBOR plus 300 basis points per annum, the first maturing on the one (1) year anniversary of the Put Closing Date and the second maturing on the two (2) year anniversary of the Put Closing Date.

Investor Put Right. From and after the issuance date of the Notes and prior to the applicable Maturity Date (as such term is defined in the Notes), You may require the Company to redeem your Note every five (5) business days from the applicable issuance date by exercising your put right. You may exercise your put right with respect to an outstanding Note by providing notice to the Company through the Mobile App up to and on the applicable Put Date (as defined herein). The Groundfloor Yield Notes are puttable by the Investor every five (5) business days from the applicable issuance date of the Groundfloor Yield Notes (each, a “Put Date” and collectively, the “Put Dates”). For example, if a Note is issued on Thursday, January 1, provided that You provide notice that you wish to exercise your put right, the Put Date will be the following Thursday, January 8. In the event You exercise your put right with respect to a given Note on the Put Date, the Company will remit to your GFY Account the accrued and outstanding interest and outstanding principal balance as of the Put Date within five (5) business days of such Put Date. In the event you hold the Note until the applicable maturity date, the Company will remit to your GFY Account the accrued and outstanding interest and outstanding principal balance as of the maturity date within five (5) business days of such maturity date.

Investor Put Right