Common use of 2002 Put Right Clause in Contracts

2002 Put Right. Unless an IPO has occurred prior to April 1, 2002, at any time during the period commencing on May 31, 2002 and ending on June 17, 2002 (the "2002 Put Period" and, together with the 2000 Put Period and the 2001 Put Period, a "Put Period"), each Holder shall have the right (the "2002 Put Right") to require that RSI purchase any or all of the Common Stock owned by such Holder (but subject to the minimum put requirement set forth in Section 7.3(c)), for a price per share equal to the Fair Market Value of such Common Stock (the "2002 Put Price"), determined in accordance with the procedures set forth in Section 7.4. Each Holder electing to exercise the 2002 Put Right (a "2002 Put Exercising Holder" and together with a 2001 Put Exercising Holder, the "Exercising Holders") shall exercise such right by a written notice (the "2002 Put Notice") delivered to RSI during the 2002 Put Period.

Appears in 3 contracts

Samples: Stockholders Agreement (Carramerica Realty Corp), Stockholders Agreement (Reckson Services Industries Inc), Stockholders Agreement (Vantas Inc)

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2002 Put Right. Unless an IPO has occurred prior to April 1, 2002, at any time during the period commencing on May 31June , 2002 and ending on June 17, 2002 (the "2002 Put Period" and, together with the 2000 Put Period and the 2001 Put Period, a "Put Period"), each Holder shall have the right (the "2002 Put Right") to require that RSI purchase any or all of the Common Stock owned by such Holder (but subject to the minimum put requirement set forth in Section 7.3(c)), for a price per share equal to the Fair Market Value of such Common Stock (the "2002 Put Price"), determined in accordance with the procedures set forth in Section 7.4. Each Holder electing to exercise the 2002 Put Right (a "2002 Put Exercising Holder" and together with a 2001 Put Exercising Holder, the "Exercising Holders") shall exercise such right by a written notice (the "2002 Put Notice") delivered to RSI during the 2002 Put Period.

Appears in 1 contract

Samples: Stockholders Agreement (Carramerica Realty Corp)

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2002 Put Right. Unless an IPO has occurred prior to April 1, 2002, at any time during the period commencing on May 31June __, 2002 and ending on June 17, 2002 (the "2002 Put Period" and, together with the 2000 Put Period and the 2001 Put Period, a "Put Period"), each Holder shall have the right (the "2002 Put Right") to require that RSI purchase any or all of the Common Stock owned by such Holder (but subject to the minimum put requirement set forth in Section 7.3(c)), for a price per share equal to the Fair Market Value of such Common Stock (the "2002 Put Price"), determined in accordance with the procedures set forth in Section 7.4. Each Holder electing to exercise the 2002 Put Right (a "2002 Put Exercising Holder" and together with a 2001 Put Exercising Holder, the "Exercising Holders") shall exercise such right by a written notice (the "2002 Put Notice") delivered to RSI during the 2002 Put Period.

Appears in 1 contract

Samples: Stockholders Agreement (Frontline Capital Group)

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