Put Claims Transfer Sample Clauses

Put Claims Transfer. The applicable Holders of Put Claims shall be deemed to have transferred their respective Put Claims to the Claims Purchaser upon their receipt from the Claims Purchase Agent of the applicable Claims Purchase Price; provided, however, that, to the extent the aggregate consideration necessary to purchase Other Parent Put Claims or Other Guarantor Debtor Put Claims, as applicable, exceeds the Other Parent Claims Purchase Price Cap or Other Guarantor Debtor Claims Purchase Price Cap, as applicable, the Claims Purchaser will purchase a Pro Rata share of the Other Parent Put Claims or Other Guarantor Debtor Put Claims in the applicable Class, rounded to the nearest whole dollar, at the Other Parent Claims Purchase Price or Other Guarantor Debtor Purchase Price, as applicable, and the remaining portion of the applicable Other Parent Put Claims or Other Guarantor Debtor Put Claims shall receive their Pro Rata share of the Initial Distribution, Distribution Trust Interests and Creditors’ Trust Interests, as applicable, on account of such remaining amount of the applicable Other Parent Put Claims and Other Guarantor Debtor Put Claims.
Sample 1
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Related to Put Claims Transfer

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