Common use of Put Closing Clause in Contracts

Put Closing. The closing (the "Put Closing") of the purchase and sale of Shares pursuant to a Put will take place on a date selected by BCSG which will be no earlier than the 16th and no late than the 30th day following the date of the final determination of the Put Price pursuant to Section 7(b) hereof. Payment of the Put Price for all Shares tendered will be paid by BCSG at the Put Closing by cashier's or certified check or by wire transfer of immediately available funds to an account designated by the Holder. If Holder's right to exercise Holder's Option was suspended in accordance with the proviso to Section 6(b), BCSG shall pay to the Holder, in addition to the Put Price, interest on the unpaid Put Price at an annual rate equal to the prime rate as published from time to time by The Wall Street Journal for the period between the Put Exercise Date and the Put Closing.

Put Closing. The closing (the "Put Closing") of the purchase and sale of Shares pursuant to a Put will take place on a date selected by BCSG which will be no earlier than the 16th and no late later than the 30th day following the date of the final determination of the Put Price pursuant to Section 7(b) hereof. Payment of the Put Price for all Shares tendered will be paid by BCSG at the Put Closing by cashier's or certified check or by wire transfer of immediately available funds to an account designated by the Holder. If Holder's right to exercise Holder's Option was suspended in accordance with the proviso to Section 6(b), BCSG shall pay to the Holder, in addition to the Put Price, interest on the unpaid Put Price at an annual rate equal to the prime rate as published from time to time by The Wall Street Journal for the period between the Put Exercise Date and the Put Closing.