Delivery of ADSs. (a) In connection with the exercise of any Put Options pursuant to Section 3.02, the Holder shall deliver to the Seller a number of ADSs equal to the Number of Put Options that the Holder so exercises. (b) The Seller shall for all purposes be deemed to have become the holder of record of any ADSs delivered upon exercise of the Put Options represented by this Put Option Agreement as of the Close of Business on the later of the Exercise Date and the date of payment by the Seller of the Exercise Price in accordance with Section 3.02. However, if any such date is a date when the ADS transfer books of the Depositary are closed, the Seller shall be deemed to have become the holder of such ADSs at the Close of Business on the next succeeding date on which the ADS transfer books of the Depositary are open.
Appears in 8 contracts
Samples: Put Option Agreement (Repsol Ypf Sa), Put Option Agreement (Repsol Ypf Sa), Put Option Agreement (Repsol Ypf Sa)
