Common use of Company Put Option Clause in Contracts

Company Put Option. Subject to the terms and conditions in Section 4.2 and elsewhere in this Agreement, after the Optional Conversion Date of the Optional Conversion of the Debentures (as defined in Article VI of the Debentures), the Company shall have the one time right (the "COMPANY PUT OPTION") at any time subsequent to the First Closing to deliver a written notice to the Purchasers (a "COMPANY PUT OPTION NOTICE") requiring the Purchasers to exercise in full the Purchasers Call Option, provided that for at least twenty five (25) out of thirty (30) consecutive Trading Days (as defined in the Debentures) prior to the exercise of the Company Put Option the Per Share Market Value (as defined in the Debentures) was more than $21.10 dollars (such price, as may be adjusted pursuant to the terms of the Debentures), the "PUT TRIGGER PRICE," and the occurrence of thirty (30) consecutive Trading Days at such price, a "PUT TRIGGER"). The Company must exercise its Company Put Option by delivering the Company Put Option Notice to each Holder within ten (10) Business Days of the occurrence of a Put Trigger (such deadline, the "PUT NOTICE DATE"). If the Company does not deliver the Company Put Option Notice by the Put Notice Date, then the Company shall not have the right to effect a Company Put Option until a Put Trigger occurs again after such Put Notice Date. An example of how the Company Put Option operates is as follows: Thirty

Company Put Option. Subject to the terms and conditions in Section 4.2 and elsewhere in this Agreement, after the Optional Conversion Redemption Date of the Optional Conversion of the Debentures (as defined in Article VI of the Debentures), the Company shall have the one time right (the "COMPANY PUT OPTIONCompany Put Option") at any time subsequent to the First Closing to deliver a written notice to the Purchasers (a "COMPANY PUT OPTION NOTICECompany Put Option Notice") requiring the Purchasers to exercise in full the Purchasers Call Option, provided that for at least twenty five (2520) out of thirty (30) consecutive Trading Days (as defined in the Debentures) prior to the exercise of the Company Put Option the Per Share Market Value (as defined in the Debentures) was more than $21.10 10 dollars (such price, as may be adjusted pursuant to the terms of the Debentures)adjusted, the "PUT TRIGGER PRICEPut Trigger Price," and the occurrence of thirty twenty (3020) consecutive Trading Days at such price, a "PUT TRIGGERPut Trigger"). The Company must exercise its Company Put Option by delivering the Company Put Option Notice to each Holder within ten (10) Business Days of the occurrence of a Put Trigger (such deadline, the "PUT NOTICE DATEPut Notice Date"). If the Company does not deliver the Company Put Option Notice by the Put Notice Date, then the Company shall not have the right to effect a Company Put Option until a Put Trigger occurs again after such Put Notice Date. An example of how the Company Put Option operates is as follows: Thirty

Company Put Option. Subject to the terms and conditions in Section 4.2 and elsewhere in this Agreement, after the Optional Conversion Redemption Date of the Optional Conversion of the Debentures (as defined in Article VI of the Debentures), the Company shall have the one time right (the "COMPANY PUT OPTIONCompany Put Option") at any time subsequent to the First Closing to deliver a written notice to the Purchasers (a "COMPANY PUT OPTION NOTICECompany Put Option Notice") requiring the Purchasers to exercise in full the Purchasers Call Option, provided that for at least twenty five (2520) out of thirty (30) consecutive Trading Days (as defined in the Debentures) prior to the exercise of the Company Put Option the Per Share Market Value (as defined in the Debentures) was more than $21.10 9 dollars (such price, as may be adjusted pursuant to the terms of the Debentures)adjusted, the "PUT TRIGGER PRICEPut Trigger Price," and the occurrence of thirty twenty (3020) consecutive Trading Days at such price, a "PUT TRIGGERPut Trigger"). The Company must exercise its Company Put Option by delivering the Company Put Option Notice to each Holder within ten (10) Business Days of the occurrence of a Put Trigger (such deadline, the "PUT NOTICE DATEPut Notice Date"). If the Company does not deliver the Company Put Option Notice by the Put Notice Date, then the Company shall not have the right to effect a Company Put Option until a Put Trigger occurs again after such Put Notice Date. An example of how the Company Put Option operates is as follows: Thirty

Company Put Option. Subject to the terms and conditions in Section 4.2 and elsewhere in this Agreement, after the Optional Conversion Date of the Optional Conversion of the Debentures (as defined in Article VI of the Debentures), the Company shall have the one time right (the "COMPANY PUT OPTION") at any time subsequent to the First Closing to deliver a written notice to the Purchasers (a "COMPANY PUT OPTION NOTICE") requiring the Purchasers to exercise in full the Purchasers Call Option, provided that for at least twenty five (25) out of thirty (30) consecutive Trading Days (as defined in the Debentures) prior to the exercise of the Company Put Option the Per Share Market Value (as defined in the Debentures) was more than $21.10 26.64 dollars (such price, as may be adjusted pursuant to the terms of the Debentures), the "PUT TRIGGER PRICE," and the occurrence of thirty (30) consecutive Trading Days at such price, a "PUT TRIGGER"). The Company must exercise its Company Put Option by delivering the Company Put Option Notice to each Holder within ten (10) Business Days of the occurrence of a Put Trigger (such deadline, the "PUT NOTICE DATE"). If the Company does not deliver the Company Put Option Notice by the Put Notice Date, then the Company shall not have the right to effect a Company Put Option until a Put Trigger occurs again after such Put Notice Date. An example of how the Company Put Option operates is as follows: Thirty