Delisting Put Right Sample Clauses

A Delisting Put Right is a contractual provision that grants investors the right to require the company to repurchase their shares if the company's stock is delisted from a public exchange. Typically, this right is triggered if the company's shares are removed from trading due to regulatory issues, failure to meet listing requirements, or voluntary delisting. The clause ensures that investors have an exit option at a predetermined price or formula, protecting them from the risks associated with holding illiquid or unlisted shares. Its core function is to safeguard investor interests by providing a clear remedy in the event of delisting, thereby mitigating the risk of loss of liquidity and value.
Delisting Put Right. (a) At any time after the IPO, if the Ordinary Shares cease to be listed or admitted to trading on any stock exchange (a “Delisting”), the Holder shall have the right (the “Delisting Put Right”), at such Holder’s option, to require the Company to redeem all (but not less than all) of this Note on the date (the “Delisting Put Date”) that is 20 Business Days after notice has been given to the Holders regarding the Delisting referred to under this Section 5.4 or, if such notice is not given, 20 Business Days after the Delisting for an aggregate purchase price in cash, equal to the Early Redemption Amount. (b) Within five Business Days after becoming aware of a Delisting, the Company shall procure that written notice regarding the Delisting Put Right shall be given to the Holder in accordance with Section 19, specifying: (i) the date of such Delisting and, in reasonable detail, the events causing such Delisting; (ii) the date by which the Purchase Notice must be given; (iii) the applicable Early Redemption Amount; (iv) that a Purchase Notice, once validly given, may not be withdrawn; (v) the Closing Price of the Ordinary Shares as at the latest practicable date prior to the publication of such notice regarding the Delisting Put Right; and (vi) the aggregate principal amount of the Notes outstanding as at the latest practicable date prior to the publication of such notice regarding the Delisting Put Right. (c) To exercise the Delisting Put Right, the Holder must deliver a written irrevocable notice of the exercise (a “Purchase Notice”) to the Company on any Business Day prior to the close of business on such day which is not less than 10 Business Days prior to the Delisting Put Date. (d) A Purchase Notice, once delivered, shall be irrevocable and the Company shall redeem the Notes which form the subject of the Purchase Notice delivered as aforesaid on the Delisting Put Date.
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Delisting Put Right. In the event the OEL Shares cease to be listed or admitted to trading on the SGX-ST, each holder of a Convertible Bond shall have the right, at such holder’s option, to require OEL to redeem all (and not less than all) of such holder’s Convertible Bonds on the 20th Business Day after notice has been given to the holders of Convertible Bonds regarding the delisting of OEL at 100% of the principal amount and outstanding interest accrued on the Convertible Bonds.
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Delisting Put Right. In the event that the OEL Shares cease to be listed or admitted to trading on the SGX-ST, each holder of a Convertible Bond shall have the right, at such holder’s option, to require the Company to redeem all (and not less than all) of such holder’s Convertible Bonds on the 20th business day (being a day that is not a Saturday, a Sunday or public holiday in Singapore) after written notice has been given to the Company, at 100% of the principal amount and outstanding interest accrued on the Convertible Bonds.
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Related to Delisting Put Right

  • Delisting Event A “Delisting Event” occurs if the American Depositary Shares are delisted from a securities exchange on which the American Depositary Shares were listed and the Company has not listed or applied to list the American Depositary Shares on any other securities exchange.

  • Stock Exchange Delisting; Deregistration Prior to the Closing Date, the Company shall cooperate with Parent and use its reasonable best efforts to take, or cause to be taken, all actions, and do or cause to be done all things, reasonably necessary, proper or advisable on its part under applicable laws and rules and policies of NASDAQ to enable the delisting by the Surviving Corporation of the Shares from NASDAQ and the deregistration of the Shares under the Exchange Act as promptly as practicable after the Effective Time.

  • Delisting Delisting of the Common Stock from any Principal Market; failure to comply with the requirements for continued listing on a Principal Market for a period of seven consecutive trading days; or notification from a Principal Market that the Borrower is not in compliance with the conditions for such continued listing on such Principal Market.

  • Stock Exchange Delisting Prior to the Closing Date, the Company shall cooperate with Parent and use reasonable best efforts to take, or cause to be taken, all actions, and do or cause to be done all things, reasonably necessary, proper or advisable on its part under applicable Laws and rules and policies of the NYSE to enable the delisting of the Company Shares from the NYSE and the deregistration of the Company Shares under the Exchange Act as promptly as practicable after the Effective Time.

  • No Suspension of Trading in or Delisting of Common Shares; Other Events The trading of the Common Shares (including without limitation the Shares) shall not have been suspended by the Commission, the Principal Market or FINRA and the Common Shares (including without limitation the Shares) shall have been approved for listing or quotation on and shall not have been delisted from the Nasdaq Stock Market, the New York Stock Exchange or any of their constituent markets. There shall not have occurred (and be continuing in the case of occurrences under clauses (i) and (ii) below) any of the following: (i) trading or quotation in any of the Company’s securities shall have been suspended or limited by the Commission or by the Principal Market or trading in securities generally on either the Principal Market shall have been suspended or limited, or minimum or maximum prices shall have been generally established on any of such stock exchanges by the Commission or the FINRA; (ii) a general banking moratorium shall have been declared by any of federal or New York, authorities; or (iii) there shall have occurred any outbreak or escalation of national or international hostilities or any crisis or calamity, or any change in the United States or international financial markets, or any substantial change or development involving a prospective substantial change in United States’ or international political, financial or economic conditions, as in the judgment of the Agent is material and adverse and makes it impracticable to market the Shares in the manner and on the terms described in the Prospectus or to enforce contracts for the sale of securities.