Exercise of Put Options Sample Clauses

Exercise of Put Options. During the period beginning at the Open of Business on the Determination Date and ending at the Close of Business on the Expiration Date, the Holder shall be entitled to exercise, in accordance with this ‎Article 3, the full Number of Put Options or any portion thereof (which shall not include any fractional Put Options) by delivering a duly completed and executed Exercise Notice to the Seller; provided that the Holder shall not be entitled to deliver more than one Exercise Notice to the Seller. Any Put Options not exercised prior to the Close of Business on the Expiration Date shall expire unexercised. The date on which the Holder complies with the requirements for exercise set forth in this ‎Section 3.01 in respect of one or more Put Options is the “Exercise Date” for such Put Options. However, if such date is not a Trading Day or the Holder satisfies such requirements after the Close of Business on a Trading Day, then the Exercise Date shall be the immediately succeeding Trading Day. The Seller shall notify the Holder, not later than the Open of Business on the Determination Date of the Number of Put Options.

Exercise of Put Options. Either the EIK Manager or a Management Holder (collectively, the “Put Holders”) may exercise a Put Option in accordance with this Section 7.13 upon the occurrence of any of the following: (a) On the six (6) year anniversary of the Effective Date, and prior to the end of the applicable Option Period, with respect to not more than fifty percent (50%) of the Units held by such Put Holder on the Effective Date; (b) On the eight (8) year anniversary of the Effective Date and each successive anniversary thereof, and prior to the end of each applicable Option Period, with respect all or any portion of the Units held by such Put Holder; (c) In the case of Key Management Members only, and prior to the end of the applicable Option Period, following termination of such Key Management Member’s employment with the Company and its Subsidiaries without Cause or for Good Reason; (d) In the case of Key Management Members only, and prior to the end of the applicable Option Period, following termination of the Management Agreement under circumstances which does not constitute Cause with respect to such Key Management Member. Each exercise of a Put Option shall be effected by delivery by the exercising Put Holder to the Investor during the Option Period, with a copy to the Board, of a written notice (the “Put Notice”) to such effect setting forth the amount and class of Units to be sold to the Put Buyer pursuant to such exercise.

Exercise of Put Options. Each Paying Agent shall make forms of Put Option Notice available upon request to Noteholders during the period specified in Condition 6(d) (Redemption and Purchase - Redemption at the option of Noteholders upon a Put Event) for the deposit of Put Option Notices during usual business hours at its Specified Office. Upon receipt by a Paying Agent of a duly completed Put Option Notice and, in the case of a Put Option Notice relating to Definitive Notes, such Definitive Notes in accordance with Condition 6(d) (Redemption and Purchase - Redemption at the option of Noteholders upon a Put Event), such Paying Agent shall notify the Issuer and (in the case of a Paying Agent other than the Fiscal Agent) the Fiscal Agent thereof indicating the certificate or serial numbers (if any) and principal amount of the Notes in respect of which a Put Option is exercised. Any such Paying Agent with which a Definitive Note is deposited shall deliver a duly completed Put Option Receipt to the depositing Noteholder and shall hold such Definitive Note (but shall not, save as provided below or in the Conditions, release it) until the relevant Put Option Redemption Date, when it shall present such Definitive Note to itself for payment of the redemption moneys therefor and interest (if any) accrued to such date in accordance with the Conditions and Clause 7 (Payments to Noteholders) and pay such amounts in accordance with the directions of the Noteholder contained in the Put Option Notice; provided, however, that if, prior to such Put Option Redemption Date, such Definitive Note becomes immediately due and payable or upon due presentation of such Definitive Note payment of such redemption moneys is improperly withheld or refused, the relevant Paying Agent shall give notification thereof to the depositing Noteholder at such address as may have been given by such Noteholder in the relevant Put Option Notice and shall hold such Note at its Specified Office for collection by the depositing Noteholder against surrender of the relevant Put Option Receipt. For so long as any outstanding Definitive Note is held by a Paying Agent in accordance with the preceding sentence, the depositor of the relevant Definitive Note, and not the relevant Paying Agent, shall be deemed to be the bearer of such Definitive Note for all purposes. Any Paying Agent which receives a Put Option Notice in respect of Notes represented by the Permanent Global Note shall make payment of the relevant redemption moneys and ...

Exercise of Put Options. (a) The Put Options shall (subject to the applicable proviso contained in Section 2(b) or (c)) be exercisable at any time during the period commencing on the date hereof and ending 15 months after the date hereof (the “Exercise Period”). A Put Option shall terminate and be of no further effect if it has not been exercised prior to the expiration of the Exercise Period. (b) The HMSC Put Option may be exercised by HMSC at any time during the Exercise Period if HM or any of its subsidiaries has entered into an Outside Purchase Agreement that has become legally binding prior to or at the time such option is exercised in accordance with the last sentence of this Section 2(b); provided, however, that the HMSC Put Option may not be exercised if the TLCC Put Option has been validly exercised in accordance with Section 2(c) hereof prior to the time of exercise of the HMSC Put Option and the exercise thereof has not been subsequently revoked (it being understood that the TLCC Put Option may only be revoked upon the termination of the Outside Purchase Agreement, and in such event, the exercise of the TLCC Put Option will be deemed to have been automatically revoked and be null and void). In order to exercise the HMSC Put Option, HMSC must deliver a written notice to the TLCC Partners during the Exercise Period (i) stating that HMSC irrevocably (subject only to the proviso in the immediately preceding sentence) elects to exercise the HMSC Put Option, (ii) confirming that HM or any of its subsidiaries has entered into an Outside Purchase Agreement and representing that such agreement represents a legally binding obligation of the parties thereto and (iii) enclosing a copy of the Outside Purchase Agreement in the form executed by the parties thereto and any other information reasonably required by the Eagle Parties to confirm that HMSC has the right to exercise the HMSC Put Option. (c) The TLCC Put Option may be exercised by the TLCC Partners at any time during the Exercise Period if Eagle or any of its subsidiaries has entered into an Outside Purchase Agreement that has become legally binding prior to or at the time such option is exercised in accordance with the last sentence of this Section 2(c); provided, however, that the TLCC Put Option may not be exercised if the HMSC Put Option has been validly exercised in accordance with Section 2(b) hereof prior to the time of exercise of the TLCC Put Option and the exercise thereof has not been subsequently revoked (it being...

Exercise of Put Options. Each of the Ownership Put Option and the De-listing Put Option is exercisable in the period commencing on the occurrence of the applicable Put Event and ending 60 days following the occurrence of the applicable Put Event or, if later, 60 days following the date on which the Put Event Notice is given to Bondholders.

Exercise of Put Options. During the Put Notice Period, each holder of a Put Option Certificate may exercise its Put Option by (i) delivering written notice to the Agent in substantially the form of the Put Option Notice attached hereto as Exhibit A and (ii) (A) in the event that such Certificate is then held in book-entry form, instructing the applicable Clearing Agency in writing, with a copy to the Agent, to transfer the beneficial ownership interest in such Certificate to the Provider on the Put Date in accordance with the transfer instructions specified in the notice received by such holder pursuant to Section 5(b) and (B) in the event that such Certificate is not then held in book-entry form, surrendering such Certificate to the Certificate Registrar for registration of transfer to the Provider on the Put Date in accordance with the transfer instructions specified in the notice received by such holder pursuant to Section 5(b). Any exercise by the holder of a Put Option Certificate of its Put Option shall be void and without effect unless, at all times during the period beginning on the date of such exercise to and including the Put Date, such holder is the holder of the Certificate (or of a beneficial ownership interest therein, if the Certificate is then held in book-entry form). The holder of a Put Option Certificate with respect to which a Put Option has been exercised shall give immediate notice to the Agent of any transfer of the Certificate (or its beneficial ownership interest therein, as applicable) during such period. Except as provided in this paragraph, notice by a holder of a Put Option Certificate of the exercise of its Put Option shall be irrevocable.

Exercise of Put Options. The Put Options may be exercised by the exercising party giving written notice to the Company of the exercising party's election to exercise the option. The notice shall set forth the date of the Option Closing (as defined below), which date shall be no more than 30 days after the date of such notice.

Exercise of Put Options. American hereby exercises all seven (7) Put Options granted by FedEx as set forth in Section 2.02. of the Purchase Agreement for the sale of all seven (7) Put Option Aircraft to FedEx with the Scheduled Delivery Dates described in Section 2.02. A Designation and an Engine Designation will be provided by American to FedEx for each Put Option Aircraft in accordance with Section 2.04 of the Purchase Agreement designating the Airframe and Engines that will be tendered to FedEx by American on each Scheduled Delivery Date for the Put Option Aircraft. FedEx acknowledges and accepts receipt of the notice of exercise of all seven (7) Put Options and agrees that, notwithstanding any provision in the Purchase Agreement to the contrary, this Agreement shall constitute a Put Option Exercise of all seven (7) Put Options in compliance with the form, content, delivery and other requirements of exercise of the Put Options pursuant to the terms of the Purchase Agreement, and to the extent such notice does not comply with the terms of the Purchase Agreement, FedEx waives any such non-compliance. Pursuant to the Purchase Agreement, American and FedEx agree that each of the seven (7) Put Options have been validly exercised in accordance with the terms of the Purchase Agreement, and American hereby agrees to sell and deliver to FedEx, and FedEx hereby agrees to purchase and accept delivery of, the seven (7) Put Option aircraft on the Scheduled Delivery Dates and for the Purchase Prices listed in Section 2.02 of the Purchase Agreement and otherwise in accordance with the terms of the Purchase Agreement. FedEx agrees to deliver the Deposits for each of the seven (7) Put Option Aircraft in accordance with Section 2.06.

Exercise of Put Options. The Put Options may be exercised by the NAC General Partner at any time prior to their expiration pursuant to Section 2 hereof upon delivery to PRT and the Operating Partnership by the NAC General Partner of a written notice of the election by the NAC General Partner to exercise such Put Option.

Exercise of Put Options. 4.1 If Xxxxxxxxx desires to exercise his put options hereunder, he shall give written notice to Magellan during the period in which the option may be exercised, and such options may only be exercised as to all of the shares of the Corporation's stock which he is entitled to put to Magellan at any one time. 4.2 Upon receipt of notice from Xxxxxxxxx of the exercise of his option hereunder, Magellan shall notify Xxxxxxxxx if (i) Xxxxxxxxx is then deemed to be a Designated Individual under the Stock Trading Policy, and if so, whether there is any circumstance or condition then existing that would cause Xxxxxxxxx'x ability to sell all of the shares of Magellan's common stock which Xxxxxxxxx would receive upon the exercise of such option, during a then-current Window Period (as defined in the Stock Trading Policy) or during the next scheduled Window Period, to be suspended or cancelled altogether, or (ii) the registration statement contemplated by Section 3.1 is not then effective. In the event that Magellan notifies Xxxxxxxxx of such anticipated suspension or cancellation of a Window Period, or of the non-effective status of such registration statement, then Xxxxxxxxx shall have the right to notify Magellan of his election to delay the exercise of such option (i) until the then-current Window Period is re-opened (provided that any such Window Period remains open for not less than twenty (20) consecutive days after Magellan provides written notice to Xxxxxxxxx, and Magellan hereby agrees to provide written notice of any such re-opening), or the next scheduled Window Period is opened, as applicable (and such option shall not expire until the closing of such Window Period), or (ii) in the case of a delay due to a non-effective registration statement, until such registration statement is effective.