Minimum Put Requirement Sample Clauses
The Minimum Put Requirement clause establishes the lowest quantity or value of goods, securities, or interests that a party is obligated to sell (or "put") to another party under a contract. In practice, this means that even if market conditions change or demand fluctuates, the seller must offer at least the specified minimum amount for sale, regardless of other circumstances. This clause ensures a baseline level of transaction activity, providing predictability and protecting the buyer from receiving less than anticipated, thereby reducing uncertainty and managing risk for both parties.
Minimum Put Requirement. No exercise by any Holder of the 2002 Put Right shall be permitted unless such exercise is with respect to the lesser of (i) 200,000 shares of Common Stock or (ii) all of the shares of Common Stock owned by such Holder.
