Exercise of Put Right. (a) As a condition precedent to the exercise of the Put Right on any given date, the Company and Founder must mutually agree that no gain or loss will be required to be recognized for U.S. federal tax purposes on account of such exercise and related Exchange (the “Put Right Condition”).
Exercise of Put Right. A. The General Partner shall, upon the written request of the JMB Limited Partner, promptly cause the Partnership to exercise its Put Right (as such term is defined in the Property Owning Partnership Agreement) to require the Property Owning General Partner and Metropolis, jointly and severally, to purchase the Property Owning Partnership Interest pursuant to Section 12.2C of the Property Owning Partnership Agreement.
Exercise of Put Right. (i) The Shareholder shall exercise its Put Right by giving written notice of its exercise of the Put Right to the Shareholder (“Put Exercise Notice”), in accordance with the provisions of Section 7 hereof.
Exercise of Put Right. If at any time on or after March 31, 2010 the Company's Common Stock is not listed on at least one of The American Stock Exchange, Inc., the NASDAQ National Market, the NASDAQ SmallCap Market, The New York Stock Exchange, Inc. or the OTC Bulletin Board, each Holder shall have the right (a "Put Right") beginning on March 31, 2010 and continuing for a period of two (2) years thereafter, to require that the Company purchase all or any portion of the Warrant or Shares then owned by such Holder in accordance with this Section 10, by delivery of a written notice to the Company to the effect that such Holder is exercising a Put Right under this Section 10 (a "Put Exercise Notice"). Upon receipt by the Company of a Put Exercise Notice, the Company will promptly (and in any event within five (5) business days) give written notice (a "Company Notice") to each of the other Holders, if any, and to the holders of the Petra Warrant, the Laddcap Warrant, and the Initial Patriot Warrant, if any, that a Put Exercise Notice has been received by the Company. Each such other Holder will have the right to exercise a Put Right and require the Company to purchase (on the same Put Closing Date (as defined below) relating to the Put Exercise Notice) all or any portion of the Warrant or Shares held by such Holder by delivering written notice to the Company within ten (10) days following receipt of the Company Notice. All such notices delivered by such other Holders will be deemed to have been delivered as of the date of the Put Exercise Notice and will be deemed to be an exercise of a Put Right by each such other Holder as of such date. Upon the exercise of a Put Right by a Holder, the purchase price payable by the Company to such Holder (a "Put Purchase Price") shall be as follows:
Exercise of Put Right. The Put Right of a Holder of Notes forming part of any Normal Common Equity Units shall automatically, without any action of such Holder, be deemed to be exercised on the Second Delayed Stock Purchase Date; provided, however, such Put Right shall be deemed not to be exercised if (1) a Final Failed Remarketing does not occur; or (2) such Holder duly elects Cash Settlement to apply to such Normal Common Equity Units in accordance with, and subject to, Section 5.2(b) Stock Purchase Contract Agreement and Section 5.6 of the Pledge Agreement (including, without limitation, the due payment, in accordance therewith, in lawful money of the United States by certified or cashier’s check or wire transfer of immediately available funds payable to or upon the order of the Securities Intermediary (as defined in the Stock Purchase Contract Agreement), of the aggregate purchase price payable pursuant to the applicable Stock Purchase Contracts of such Normal Common Equity Units). Notwithstanding anything in the Indenture to the contrary, in no event shall a Holder be permitted to exercise the Put Right unless the principal amount of the Notes as to which the Put Right is exercised, and the principal amount of each tranche of Component Notes forming part of such Notes, is an integral multiple of one thousand dollars ($1,000).
Exercise of Put Right. The holder of the Series C Preferred Partnership Units shall have the right, at its option, to put (the "Put Right") to the Partnership at any time all, but not part, of the Series C Preferred Partnership Units at a price per unit (the "Put Price") equal to the portion of the Capital Account balance of the holder of such Units attributable to such Units, as determined after taking into account all contributions and distributions, to and including the date fixed for such exchange (the "Exchange Date"), as well as all allocations of Net Profit, Net Losses and other items to such holder with respect to the fiscal year in which the Exchange Date falls (including without limitation the allocations provided by Sections 2(g) and 2(h) of Exhibit F to this --------- Agreement, to the extent applicable to the exchange). The Put Price shall be paid to the holder, at the option of the Partnership, in (i) cash, or (ii) a number of shares of Common Stock equal to either (x) the aggregate Put Price to be paid by the Partnership divided by the Current Per Share Market Price, if the Current Per Share Market Price is greater than $33.4375 per share (the "Put Exchange Price"), or (y) 1,046,729 shares of Common Stock, if the Current Per Share Market Price is less than or equal to the Put Exchange Price (the "Put Share Exchange Rate").
Exercise of Put Right. RAM may exercise the Put Right by delivering to the Company, no later than thirty (30) days prior to the relevant Put Exercise Date, a notice (the “Put Exercise Notice”) that RAM intends to exercise its Put Right. The Put Exercise Notice shall specify the Put Exercise Date upon which the parties shall consummate the purchase and sale of the Units (such consummation being referred to herein as the “Put Closing”), and the number of Units to be subject to such purchase and sale.
Exercise of Put Right. Each Holder may, upon the terms and conditions set forth in this Section 8, require the Company to repurchase the shares of Common Stock acquired by such Holder pursuant to the Purchase Agreement (such shares, and any shares of the Company’s capital stock issued or issuable with respect to such shares by way of any stock split, stock dividend, reclassification, recapitalization or similar events, the “Put Shares”). To exercise such right, a Holder must deliver, during the Put Exercise Period (as defined below), a written notice to the Company (the “Put Election Notice”), which Put Election Notice must specify either that such Holder desires to sell all of such Holder’s Put Shares to the Company, or if a lesser number, the number of such Holder’s Put Shares that such Holder desires to sell to the Company. Subject to the terms and conditions hereof, the “Put Exercise Period” shall commence on the first to occur of the following dates, and shall terminate at the close of business, east coast time, on the thirtieth (30th) Business Day after such first date (subject to extension, for any individual Holder, pursuant to the provisions of this Section 8(a)), whether or not any of the other events specified in the following clauses occur subsequent to such first date:
Exercise of Put Right. If Lessor desires to exercise the Put Right, it shall do so by delivering to Lessee a written notice of such exercise not less than 90 days prior to the date specified in such notice for closing on Lessee's purchase of the Aircraft (the "Purchase Closing Date").
Exercise of Put Right. If at any time on or after March 31, 2010 the Company's Common Stock is not listed on at least one of The American Stock Exchange, Inc., the Nasdaq National Market, the Nasdaq SmallCap Market, The New York Stock Exchange, Inc. or the OTC Bulletin Board, each Holder shall have the right (a "Put Right") beginning on March 31, 2010 and continuing for a period of two (2) years thereafter, to require that the Company purchase all or any portion of the Warrant or Shares then owned by such Holder in accordance with this Section 10, by delivery of a written notice to the Company to the effect that such Holder is exercising a Put Right under this Section 10 (a "Put Exercise Notice"). Upon receipt by the Company of a Put Exercise Notice, the Company will promptly (and in any event within five (5) business days) give written notice (a "Company Notice") to each of the other Holders, if any, and to the holders of the Additional Warrants, if any, that a Put Exercise Notice has been received by the Company. Each such other Holder will have the right to exercise a Put Right and require the Company to purchase (on the same Put Closing Date (as defined below) relating to the Put Exercise Notice) all or any portion of the Warrant or Shares held by such Holder by delivering written notice to the Company within ten (10) days following receipt of the Company Notice. All such notices delivered by such other Holders will be deemed to have been delivered as of the date of the Put Exercise Notice and will be deemed to be an exercise of a Put Right by each such other Holder as of such date. Upon the exercise of a Put Right by a Holder, the purchase price payable by the Company to such Holder (a "Put Purchase Price") shall be as follows:
