Notice of Insolvency Event. As soon as practicable but in no event later than 5 Business Days following the occurrence of an Insolvency Event or any event which with the giving of notice or the passage of time or both would be an Insolvency Event, each of Parent and Exchangeco shall give written notice thereof to each Class B Shareholder, which notice shall contain a brief statement of the right of the Class B Shareholders with respect to the Class B Shareholders’ Put Right.
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Samples: Exchange Rights Agreement (Glass House Brands Inc.), Exchange Rights Agreement (Glass House Brands Inc.)
Notice of Insolvency Event. As soon as practicable but in no event later than 5 five (5) Business Days following the occurrence of an Insolvency Event or any event which with the giving of notice or the passage of time or both would be an Insolvency Event, each of Parent and Exchangeco shall give or cause to be given written notice thereof to each Class B Shareholder, which notice shall contain a brief statement of the right of the Class B Shareholders with respect to the Class B Shareholders’ Put Right.”
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Samples: Exchange Rights Agreement (Glass House Brands Inc.)
Notice of Insolvency Event. As soon as practicable but in no event later than 5 five (5) Business Days following the occurrence of an Insolvency Event or any event which with the giving of notice or the passage of time or both would be an Insolvency Event, each of Parent and Exchangeco shall give written notice thereof to each Class B Exchangeable Shareholder, which notice shall contain a brief statement of the right of the Class B Exchangeable Shareholders with respect to the Class B Exchangeable Shareholders’ Put Right.
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