Put Cancellation Notice Confirmation Clause Samples
The Put Cancellation Notice Confirmation clause establishes the requirement for a formal acknowledgment when a party issues a notice to cancel a put option. In practice, this clause ensures that the party receiving the cancellation notice must confirm receipt, typically in writing, to validate that the cancellation has been properly communicated and recorded. Its core function is to prevent disputes or misunderstandings about whether a put option cancellation has been effectively delivered and recognized by all parties involved.
Put Cancellation Notice Confirmation. Upon receipt by the Investor of a facsimile copy of the Put Cancellation Notice, the Investor shall promptly send, via facsimile, a confirmation of receipt (the "Put Cancellation Notice Confirmation," a form of which is attached as Exhibit S) of the Put Cancellation Notice to the Company specifying that the Put Cancellation Notice has been received and affirming the Put Cancellation Date.
Put Cancellation Notice Confirmation. Upon receipt by ------------------------------------ the Subscriber of a facsimile copy of the Put Cancellation Notice, the Subscriber shall promptly send, via facsimile, a confirmation of receipt (the "Put Cancellation Notice Confirmation") of the Put Cancellation Notice to Company specifying that the Put Cancellation Notice has been received and affirming the Put Cancellation Date and the number of shares of Common Stock that have been sold by the Subscriber from the Advance Put Notice Date through the close of trading on the Put Cancellation Date.