{"component": "clause", "props": {"groups": [{"size": 256, "samples": [{"hash": "lnGevaCWCqh", "uri": "/contracts/lnGevaCWCqh#put-option", "label": "Loan and Security Agreement (Emagin Corp)", "score": 21.0, "published": true}, {"hash": "k97kwOgRIej", "uri": "/contracts/k97kwOgRIej#put-option", "label": "Loan and Security Agreement (Emagin Corp)", "score": 21.0, "published": true}, {"hash": "d3sjamBha0y", "uri": "/contracts/d3sjamBha0y#put-option", "label": "Loan and Security Agreement (Emagin Corp)", "score": 21.0, "published": true}], "snippet_links": [{"key": "the-company-hereby", "type": "clause", "offset": [0, 18]}, {"key": "to-lender", "type": "clause", "offset": [26, 35]}, {"key": "to-sell", "type": "clause", "offset": [65, 72]}, {"key": "issued-shares", "type": "clause", "offset": [99, 112]}, {"key": "put-shares", "type": "clause", "offset": [119, 129]}, {"key": "total-purchase-price", "type": "clause", "offset": [153, 173]}, {"key": "put-price", "type": "definition", "offset": 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"notice-to-the-company", "type": "clause", "offset": [960, 981]}, {"key": "put-notice", "type": "clause", "offset": [988, 998]}, {"key": "purchase-of-the", "type": "clause", "offset": [1068, 1083]}, {"key": "put-closing-date", "type": "definition", "offset": [1118, 1134]}, {"key": "date-of", "type": "clause", "offset": [1237, 1244]}, {"key": "deliver-to", "type": "definition", "offset": [1308, 1318]}, {"key": "duly-endorsed", "type": "clause", "offset": [1379, 1392]}, {"key": "transfer-by-lender", "type": "clause", "offset": [1397, 1415]}, {"key": "duly-executed", "type": "clause", "offset": [1434, 1447]}, {"key": "stock-powers", "type": "definition", "offset": [1448, 1460]}, {"key": "the-company-shall", "type": "clause", "offset": [1475, 1492]}, {"key": "transfer-of", "type": "definition", "offset": [1540, 1551]}, {"key": "immediately-available-funds", "type": "definition", "offset": [1552, 1579]}, {"key": "a-bank", "type": "clause", "offset": [1597, 1603]}, {"key": "and-lender", "type": "clause", "offset": [1638, 1648]}, {"key": "acknowledge-and-agree", "type": "clause", "offset": [1649, 1670]}, {"key": "obligation-to-purchase", "type": "clause", "offset": [1690, 1712]}, {"key": "obligation-secured", "type": "clause", "offset": [1776, 1794]}, {"key": "the-collateral", "type": "clause", "offset": [1798, 1812]}, {"key": "related-guarantees", "type": "definition", "offset": [1821, 1839]}, {"key": "the-lender", "type": "clause", "offset": [1969, 1979]}, {"key": "right-to-receive", "type": "clause", "offset": [1982, 1998]}, {"key": "right-to-exercise", "type": "definition", "offset": [2110, 2127]}, {"key": "third-party", "type": "clause", "offset": [2187, 2198]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [2204, 2233]}, {"key": "the-right", "type": "clause", "offset": [2253, 2262]}, {"key": "exercise-of-the-put-option", "type": "clause", "offset": [2306, 2332]}, {"key": "the-loan-agreement", "type": "clause", "offset": [2379, 2397]}, {"key": "the-proposed", "type": "clause", "offset": [2453, 2465]}, {"key": "fundamental-transaction-notice", "type": "definition", "offset": [2492, 2522]}, {"key": "prior-to-the", "type": "clause", "offset": [2556, 2568]}, {"key": "consummation-of-the", "type": "clause", "offset": [2590, 2609]}, {"key": "relevant-information", "type": "definition", "offset": [2653, 2673]}, {"key": "informed-decision", "type": "clause", "offset": [2739, 2756]}, {"key": "of-lender", "type": "clause", "offset": [2833, 2842]}, {"key": "receipt-of", "type": "clause", "offset": [2845, 2855]}, {"key": "failure-to", "type": "clause", "offset": [3010, 3020]}, {"key": "notify-the", "type": "clause", "offset": [3028, 3038]}, {"key": "in-addition", "type": "clause", "offset": [3172, 3183]}, {"key": "event-of-default-under-the-loan-documents", "type": "clause", "offset": [3327, 3368]}, {"key": "acceleration-right", "type": "definition", "offset": [3376, 3394]}, {"key": "prior-event", "type": "definition", "offset": [3444, 3455]}, {"key": "obligations-under-the", "type": "clause", "offset": [3520, 3541]}, {"key": "payable-to", "type": "definition", "offset": [3632, 3642]}, {"key": "the-note", "type": "clause", "offset": [3673, 3681]}, {"key": "common-stock", "type": "definition", "offset": [3700, 3712]}, {"key": "pursuant-to-the-loan-documents", "type": "clause", "offset": [3713, 3743]}], "snippet": "The Company hereby grants to Lender an option (the \u201cPut Option\u201d) to sell all or any portion of the Issued Shares (the \u201cPut Shares\u201d) to the Company for a total purchase price of $195,000, pro-rated for any portion thereof (the \u201cPut Price\u201d). The Put Option may be exercised with respect to any amount that is equal to or less than the entire balance of the outstanding Put Shares, at any time during the earlier to occur of the following Put Option exercise periods (the \u201cPut Period\u201d): (a) the ten (10) Business Day period commencing on the first anniversary hereof, or (b) the ten (10) Business Day period commencing on the date which is nine (9) months after the date that the registration statement for the registration of the Issued Shares is declared effective by the SEC . If not exercised during the Put Period, the Put Option shall terminate and shall be of no further force or effect. The Put Option shall be exercisable by Lender\u2019s delivery of written notice to the Company (the \u201cPut Notice\u201d). The Put Notice shall specify the date on which the closing of the purchase of the Put Shares shall take place (the \u201cPut Closing Date\u201d), which such date shall be no earlier than ten (10) days but no later than thirty (30) days from the date of the Put Notice. On or before the Put Closing Date, Lender will deliver to the Company the certificate(s) representing the Put Shares (duly endorsed for transfer by Lender or accompanied by duly executed stock powers in blank) and the Company shall tender to Lender the Put Price in cash by wire transfer of immediately available funds to an account at a bank designated by Lender. The Company and Lender acknowledge and agree that the Company\u2019s obligation to purchase the Issued Shares from Lender pursuant to the Put Option is an Obligation secured by the Collateral and any related guarantees under the Loan Documents, and for so long as the Put Option is outstanding and, if exercised, the Put Price is not yet tendered, the Lender\u2019s right to receive the Put Price shall be secured by the Collateral and any related guarantees under the Loan Documents. Lender\u2019s right to exercise the Put Option shall not be transferred or assigned to any third party.\n6.1 Notwithstanding the foregoing, Lender shall have the right, but not the obligation, to accelerate the exercise of the Put Option upon a Fundamental Transaction (as defined in the Loan Agreement), as follows: The Company shall send written notice of the proposed Fundamental Transaction (\u201cFundamental Transaction Notice\u201d) no later than thirty (30) days prior to the date of the proposed consummation of the Fundamental Transaction, together with all relevant information relating thereto, in form sufficient to enable Lender to make an informed decision as to whether it should accelerate the Put Option. Within fifteen (15) days of Lender\u2019s receipt of the Fundamental Transaction Notice, Lender shall advise the Company whether the Lender has elected to accelerate the exercise of the Put Option. Lender\u2019s failure to timely notify the Company of Lender\u2019s intention to accelerate the Put Option shall be deemed an intention to decline to accelerate the Put Option.\n6.2 In addition, notwithstanding the foregoing, Lender shall have the right, but not the obligation, to accelerate the exercise of the Put Option following an Event of Default under the Loan Documents (which acceleration right shall not be waived if not exercised following a prior Event of Default), in which event the Put Price shall be added to the Obligations under the Loan Agreement and secured by the Collateral thereunder, and shall be immediately due and payable to Lender.\n6.3 If any portion of the Note is converted into Common Stock pursuant to the Loan Documents, the Put Option set forth hereinabove, if not terminated by its terms herein, shall terminate.", "hash": "1082e1f8f2d8c0d2b3a1b32932d47e34", "id": 1}, {"size": 57, "samples": [{"hash": "lPrlS7E9Dls", "uri": "/contracts/lPrlS7E9Dls#put-option", "label": "Management Stock Purchase and Unit Subscription Agreement (Mg Waldbaum Co)", "score": 18.0, "published": true}, {"hash": "kdXwyAGa7I", "uri": "/contracts/kdXwyAGa7I#put-option", "label": "Management Stock Purchase and Unit Subscription Agreement (Mg Waldbaum Co)", "score": 18.0, "published": true}, {"hash": "isYWAtDkgHc", "uri": "/contracts/isYWAtDkgHc#put-option", "label": "Management Stock Purchase and Unit Subscription Agreement (Mg Waldbaum Co)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-disability", "type": "clause", "offset": [88, 102]}, {"key": "death-or-retirement", "type": "clause", "offset": [104, 123]}, {"key": "prior-to-the", "type": "clause", "offset": [141, 153]}, {"key": "public-offering", "type": "definition", "offset": [171, 186]}, {"key": "sale-of-the-company", "type": "definition", "offset": [197, 216]}, {"key": "units-issued", "type": "clause", "offset": [226, 238]}, {"key": "days-or-more", "type": "clause", "offset": [243, 255]}, 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"in-the-aggregate", "type": "definition", "offset": [1098, 1114]}, {"key": "the-product", "type": "clause", "offset": [1143, 1154]}, {"key": "total-number-of-units", "type": "definition", "offset": [1166, 1187]}, {"key": "applicable-percentage", "type": "definition", "offset": [1272, 1293]}, {"key": "termination-date", "type": "definition", "offset": [1314, 1330]}, {"key": "price-per-unit", "type": "definition", "offset": [1338, 1352]}, {"key": "equal-to", "type": "definition", "offset": [1353, 1361]}, {"key": "the-fair-market-value", "type": "clause", "offset": [1362, 1383]}, {"key": "such-unit", "type": "definition", "offset": [1387, 1396]}, {"key": "the-notice", "type": "clause", "offset": [1429, 1439]}, {"key": "to-exercise", "type": "clause", "offset": [1501, 1512]}, {"key": "option-to", "type": "clause", "offset": [1517, 1526]}, {"key": "pursuant-to-section", "type": "definition", "offset": [1565, 1584]}, {"key": "notice-to-investors", "type": "clause", "offset": [1630, 1649]}, {"key": "all-units", "type": "definition", "offset": [1754, 1763]}, {"key": "the-period", "type": "clause", "offset": [1798, 1808]}, {"key": "units-to-be-sold", "type": "clause", "offset": [1867, 1883]}, {"key": "signature-of-the", "type": "clause", "offset": [1906, 1922]}, {"key": "sell-units", "type": "clause", "offset": [1975, 1985]}, {"key": "section-81", "type": "clause", "offset": [2016, 2027]}, {"key": "closing-of-the-purchase", "type": "clause", "offset": [2033, 2056]}, {"key": "principal-office", "type": "clause", "offset": [2081, 2097]}, {"key": "business-days", "type": "clause", "offset": [2196, 2209]}, {"key": "determination-of-fair-market-value", "type": "clause", "offset": [2226, 2260]}, {"key": "deliver-to", "type": "definition", "offset": [2324, 2334]}, {"key": "duly-executed", "type": "clause", "offset": [2345, 2358]}, {"key": "title-to-units", "type": "clause", "offset": [2384, 2398]}, {"key": "payment-of-the", "type": "clause", "offset": [2421, 2435]}, {"key": "purchase-price", "type": "clause", "offset": [2448, 2462]}, {"key": "certified-check", "type": "definition", "offset": [2479, 2494]}, {"key": "to-the-executive", "type": "clause", "offset": [2503, 2519]}, {"key": "transfer-of", "type": "definition", "offset": [2531, 2542]}, {"key": "immediately-available-funds", "type": "definition", "offset": [2543, 2570]}], "snippet": "(a) If the Executive's employment with Investors and its subsidiaries terminates due to the Disability, death or Retirement of the Executive prior to the earlier of (i) a Public Offering or (ii) a Sale of the Company, for any Units issued 181 days or more prior to the date of termination of employment of the Executive, within 120 days after such date of termination of employment (or in the case of Units issued 180 days or less prior to such date of termination or at any time after such date of termination of employment, no earlier than 181 days and no later than 271 days after the date of issuance of such Units), the Executive shall have the right, subject to the provisions of Section 8 hereof, to sell to Investors, and Investors shall be required to purchase (subject to the provisions of Section 8 hereof), on one occasion from the Executive and his Permitted Transferees, if applicable, all (but not less than all) of the number of Units then held by the Executive and such other number of Units held by the Executive's Permitted Transferees as the Executive may request provided that in the aggregate such number does not exceed the product of (x) the total number of Units collectively held by the Executive and all of his Permitted Transferees and (y) the Applicable Percentage (measured as of the Termination Date), at a price per unit equal to the Fair Market Value of such unit (measured as of the delivery of the notice referred to in Section 7.1(b)).\n(b) If the Executive desires to exercise its option to require Investors to repurchase Units pursuant to Section 7.1(a), the Executive shall send one written notice to Investors setting forth the intention of Executive and Permitted Transferees, if applicable, to collectively sell all Units pursuant to Section 7.1(a) within the period described above, which notice shall specify the number of Units to be sold and shall include the signature of the Executive and each Permitted Transferee desiring to sell Units. Subject to the provisions of Section 8.1, the closing of the purchase shall take place at the principal office of Investors on the later of the 30th day after the giving of such notice and the date that is 10 business days after the final determination of Fair Market Value. Subject to the provisions of Section 8.1, the Executive shall deliver to Investors duly executed instruments transferring title to units to Investors, against payment of the appropriate purchase price by cashier's or certified check payable to the Executive or by wire transfer of immediately available funds to an account designated by the Executive.", "hash": "069aff2c800ffb27174dfe9165a60a80", "id": 2}, {"size": 12, "samples": [{"hash": "be50dg6PNWJ", "uri": "/contracts/be50dg6PNWJ#put-option", "label": "Put/Call Agreement (Loewen Group Inc)", "score": 18.0, "published": true}, {"hash": "8AFw4CKkPCc", "uri": "/contracts/8AFw4CKkPCc#put-option", "label": "Put/Call Agreement (Prime Succession Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "terms-and", "type": "clause", "offset": [11, 20]}, {"key": "the-conditions", "type": "clause", "offset": [32, 46]}, {"key": "irrevocable-option", "type": "clause", "offset": [115, 133]}, {"key": "beginning-on-the", "type": "clause", "offset": [166, 182]}, {"key": "sixth-anniversary", "type": "definition", "offset": [183, 200]}, {"key": "the-closing-date", "type": "clause", "offset": [204, 220]}, {"key": "upon-exercise", "type": "clause", "offset": [313, 326]}, {"key": "agrees-to", "type": "clause", "offset": [375, 384]}, {"key": "bcp-entities", "type": "definition", "offset": [403, 415]}, {"key": "common-stock", "type": "definition", "offset": [465, 477]}, {"key": "owned-by", "type": "definition", "offset": [513, 521]}, {"key": "provided-that", "type": "clause", "offset": [528, 541]}, {"key": "with-respect-to", "type": "clause", "offset": [579, 594]}, {"key": "deliver-notice", "type": "clause", "offset": [758, 772]}, {"key": "the-aggregate-purchase-price", "type": "clause", "offset": [799, 827]}, {"key": "the-shares", "type": "clause", "offset": [848, 858]}, {"key": "equal-to", "type": "definition", "offset": [926, 934]}, {"key": "put-option-exercise-price", "type": "clause", "offset": [939, 964]}, {"key": "section-24", "type": "clause", "offset": [980, 991]}, {"key": "consideration-to-be-paid", "type": "clause", "offset": [998, 1022]}, {"key": "stock-shall", "type": "definition", "offset": [1074, 1085]}, {"key": "divided-by", "type": "clause", "offset": [1122, 1132]}, {"key": "number-of-shares-of", "type": "clause", "offset": [1147, 1166]}, {"key": "to-the-extent", "type": "clause", "offset": [1316, 1329]}, {"key": "take-into-account", "type": "definition", "offset": [1343, 1360]}, {"key": "exclusive-agent", "type": "definition", "offset": [1447, 1462]}, {"key": "option-no", "type": "definition", "offset": [1535, 1544]}, {"key": "days-prior", "type": "definition", "offset": [1576, 1586]}, {"key": "business-day", "type": "definition", "offset": [1594, 1606]}, {"key": "a-notice", "type": "clause", "offset": [1699, 1707]}, {"key": "at-any-time", "type": "clause", "offset": [1751, 1762]}, {"key": "the-period", "type": "clause", "offset": [1802, 1812]}, {"key": "the-stockholders", "type": "clause", "offset": [1881, 1897]}, {"key": "purchase-and-sale-of-the", "type": "clause", "offset": [1905, 1929]}, {"key": "in-accordance-with", "type": "definition", "offset": [1973, 1991]}], "snippet": "(a) On the terms and subject to the conditions set forth herein, LGII hereby grants to each BCP Entity and PSIM an irrevocable option (the \"Put Option\"), exercisable beginning on the sixth anniversary of the Closing Date and ending on the eighth anniversary of the Closing Date, to require LGII to purchase (and, upon exercise of such Put Option in accordance herewith, LGII agrees to purchase from the BCP Entities and PSIM) all, but not less than all, of the BCP Common Stock and PSIM Common Stock respectively owned by them; provided that the Put Option may be exercised only with respect to all the BCP Common Stock and PSIM Common Stock, and provided further, BMAII, as agent for each of the BCP Entities and PSIM, shall have the exclusive authority to deliver notice of such exercise to LGII. The aggregate purchase price with respect to all the shares of BCP Common Stock and PSIM Common Stock being purchased shall be equal to the Put Option Exercise Price (as defined in Section 2.4). The consideration to be paid for each share of BCP Common Stock and PSIM Common Stock shall equal the Put Option Exercise Price divided by the aggregate number of shares of BCP Common Stock and PSIM Common Stock being purchased, provided that the BCP Entities may reallocate the Put Option Exercise Price among themselves to the extent necessary to take into account differences among them, if any, in making Additional BCP Contributions.\n(b) BMAII, as exclusive agent for BCP and PSIM, shall give LGII written notice of exercise of the Put Option no less than 90 nor more than 120 days prior to the Business Day specified in such notice for exercise of the Put Option. Subject to the preceding sentence, a notice of exercise of the Put Option may be given at any time during or prior to the commencement of the period in which the Put Option is exercisable and shall irrevocably commit the Stockholders to the purchase and sale of the BCP Common Stock and the PSIM Common Stock in accordance with the Put Option.", "hash": "84cbe347948c26f10c79a1fb95fbddc3", "id": 7}, {"size": 11, "samples": [{"hash": "hPz0mtRrLbr", "uri": "/contracts/hPz0mtRrLbr#put-option", "label": "Underwriting Agreement (AC Immune SA)", "score": 25.6995201111, "published": true}, {"hash": "1mhT0wJYD0k", "uri": "/contracts/1mhT0wJYD0k#put-option", "label": "Underwriting Agreement (AC Immune SA)", "score": 25.4120464325, "published": true}, {"hash": "1rO3Y2HqVRo", "uri": "/contracts/1rO3Y2HqVRo#put-option", "label": "Underwriting Agreement (AC Immune SA)", "score": 24.8945922852, "published": true}], "snippet_links": [{"key": "following-the", "type": "definition", "offset": [4, 17]}, {"key": "expiry-of", "type": "clause", "offset": [18, 27]}, {"key": "the-call-option", "type": "clause", "offset": [28, 43]}, {"key": "pursuant-to-section", "type": "definition", "offset": [44, 63]}, {"key": "the-representatives", "type": "clause", "offset": [71, 90]}, {"key": "on-behalf-of", "type": "definition", "offset": [99, 111]}, {"key": "require-the", "type": "clause", "offset": [181, 192]}, {"key": "subject-to-article", "type": "clause", "offset": [202, 220]}, {"key": "optional-securities", "type": "definition", "offset": [275, 294]}, {"key": "commercial-register", "type": "definition", "offset": [326, 345]}, {"key": "nominal-value", "type": "definition", "offset": [377, 390]}, {"key": "expenses-of-the", "type": "clause", "offset": [397, 412]}, {"key": "set-out", "type": "definition", "offset": [432, 439]}, {"key": "notice-in-writing", "type": "clause", "offset": [502, 519]}, {"key": "to-the-company", "type": "definition", "offset": [530, 544]}, {"key": "the-put-option", "type": "clause", "offset": [614, 628]}, {"key": "event-of", "type": "definition", "offset": [698, 706]}, {"key": "the-notice", "type": "clause", "offset": [728, 738]}, {"key": "the-firm-securities", "type": "clause", "offset": [905, 924]}, {"key": "direct-payment", "type": "definition", "offset": [998, 1012]}, {"key": "detailed-instructions", "type": "clause", "offset": [1042, 1063]}, {"key": "delivery-of-the", "type": "clause", "offset": [1083, 1098]}, {"key": "amount-payable", "type": "definition", "offset": [1169, 1183]}, {"key": "according-to", "type": "definition", "offset": [1244, 1256]}], "snippet": "(i) Following the expiry of the Call Option pursuant to Section 14(b), the Representatives, acting on behalf of the several Underwriters, shall have an option (the \u201cPut Option\u201d) to require the Company, subject to article 659 CO, to purchase all Firm Securities or Applicable Optional Securities, as applicable, entered in the Commercial Register of the Canton of Vaud at their nominal value, plus expenses of the Representatives as set out in Section 14(f), within ten calendar days after receipt of a notice in writing addressed to the Company from the Representatives, stating that the Representatives exercises the Put Option. The Put Option shall expire on the twentieth calendar day after the Event of Non-Completion.\n(ii) The notice in which the Representatives, acting on behalf of the several Underwriters, exercises the Put Option shall specify the date on which the Representatives will deliver the Firm Securities or Applicable Optional Securities, as applicable, to the Company against direct payment therefore, and shall contain detailed instructions regarding payment, delivery of the Firm Securities or Applicable Optional Securities, as applicable, and amount payable (including satisfactory details regarding the costs claimed according to Section 14(f)).", "hash": "7bbac87cb67e0b611da80f95856f0565", "id": 9}, {"size": 11, "samples": [{"hash": "bDK1qFosBX1", "uri": "/contracts/bDK1qFosBX1#put-option", "label": "Co Sale and First Refusal Agreement (Vincera, Inc.)", "score": 19.0, "published": true}, {"hash": "8JVIMAXLVD6", "uri": "/contracts/8JVIMAXLVD6#put-option", "label": "Co Sale and First Refusal Agreement (Vincera, Inc.)", "score": 19.0, "published": true}], "snippet_links": [{"key": "in-the-event-of-a", "type": "clause", "offset": [0, 17]}, {"key": "prohibited-transfer", "type": "definition", "offset": [18, 37]}, {"key": "the-purchasers", "type": "clause", "offset": [39, 53]}, {"key": "option-to-sell", "type": "clause", "offset": [69, 83]}, {"key": "common-stock-of-the-company", "type": "clause", "offset": [129, 156]}, {"key": "delivery-of-preferred-stock", "type": "clause", "offset": [185, 212]}, {"key": "equal-to", "type": "definition", "offset": [214, 222]}, {"key": "in-accordance-with", "type": "definition", "offset": [340, 358]}, {"key": "article-1", "type": "definition", "offset": [359, 368]}, {"key": "the-following-terms-and-conditions", "type": "clause", "offset": [380, 414]}, {"key": "price-per-share", "type": "clause", "offset": [424, 439]}, {"key": "the-shares-are", "type": "definition", "offset": [449, 463]}, {"key": "sold-to", "type": "clause", "offset": [470, 477]}, {"key": "seller-shall", "type": "clause", "offset": [491, 503]}, {"key": "purchaser-or-purchasers", "type": "definition", "offset": [583, 606]}, {"key": "deliver-to", "type": "definition", "offset": [664, 674]}, {"key": "within-thirty", "type": "clause", "offset": [696, 709]}, {"key": "days-after", "type": "definition", "offset": [715, 725]}, {"key": "shares-to-be-sold", "type": "clause", "offset": [873, 890]}, {"key": "for-transfer", "type": "definition", "offset": [933, 945]}, {"key": "upon-receipt-of", "type": "clause", "offset": [978, 993]}, {"key": "certificates-for-the", "type": "clause", "offset": [998, 1018]}, {"key": "repurchased-shares", "type": "clause", "offset": [1019, 1037]}, {"key": "the-aggregate-purchase-price", "type": "clause", "offset": [1043, 1071]}, {"key": "article-3", "type": "clause", "offset": [1102, 1111]}, {"key": "delivery-of-consideration", "type": "clause", "offset": [1116, 1141]}, {"key": "the-stock", "type": "clause", "offset": [1193, 1202]}], "snippet": "In the event of a Prohibited Transfer, the Purchasers shall have the option to sell to the Proposed Seller a number of shares of Common Stock of the Company (either directly or through delivery of Preferred Stock) equal to the number of shares that the Purchasers would have been entitled to sell had such Prohibited Transfer been effected in accordance with Article 1 hereof, on the following terms and conditions:\n(a) The price per share at which the shares are to be sold to the Proposed Seller shall be equal to the price per share paid to the Proposed Seller by the third party purchaser or purchasers of the Proposed Seller\u2019s Stock.\n(b) The Purchasers shall deliver to the Proposed Seller, within thirty (30) days after it has received notice from the Proposed Seller or otherwise become aware of the Prohibited Transfer, the certificate or certificates representing shares to be sold, each certificate to be properly endorsed for transfer.\n(c) The Proposed Seller shall, upon receipt of the certificates for the repurchased shares, pay the aggregate purchase price therefor provided for in this Article 3, by delivery of consideration in the same form such Proposed Seller received for the Stock sold in the Prohibited Transfer.", "hash": "75b43a77655786755d182f892db7630b", "id": 10}, {"size": 45, "samples": [{"hash": "k1YZipMr9pv", "uri": "/contracts/k1YZipMr9pv#put-option", "label": "Investors Rights Agreement (Oculus Innovative Sciences, Inc.)", "score": 21.0, "published": true}, {"hash": "4ev9ChiVqFK", "uri": "/contracts/4ev9ChiVqFK#put-option", "label": "Investors Rights Agreement (Oculus Innovative Sciences, Inc.)", "score": 21.0, "published": true}], "snippet_links": [{"key": "in-the-event-of-a", "type": "clause", "offset": [0, 17]}, {"key": "prohibited-transfer", "type": "definition", "offset": [18, 37]}, {"key": "principal-shareholder", "type": "definition", "offset": [43, 64]}, {"key": "a-holder", "type": "definition", "offset": [66, 74]}, {"key": "the-right", "type": "clause", "offset": [86, 95]}, {"key": "to-sell", "type": "clause", "offset": [125, 132]}, {"key": "the-principal", "type": "definition", "offset": [137, 150]}, {"key": "number-of-common-shares", "type": "definition", "offset": [199, 222]}, {"key": "conversion-of-preferred-shares", "type": "clause", "offset": [251, 281]}, {"key": "equal-to", "type": "definition", "offset": [283, 291]}, {"key": "number-of-shares", "type": "definition", "offset": [296, 312]}, {"key": "transfer-to", "type": "clause", "offset": [357, 368]}, {"key": "proposed-purchaser", "type": "definition", "offset": [373, 391]}, {"key": "to-exercise", "type": "clause", "offset": [476, 487]}, {"key": "sale-rights", "type": "clause", "offset": [495, 506]}, {"key": "section-152", "type": "clause", "offset": [513, 525]}, {"key": "the-following-terms-and-conditions", "type": "clause", "offset": [578, 612]}, {"key": "price-per-share", "type": "clause", "offset": [625, 640]}, {"key": "the-shares-are", "type": "definition", "offset": [650, 664]}, {"key": "sold-to", "type": "clause", "offset": [671, 678]}, {"key": "by-the-purchaser", "type": "clause", "offset": [753, 769]}, {"key": "reasonable-fees-and-expenses", "type": "clause", "offset": [903, 931]}, {"key": "exercise-of-the", "type": "clause", "offset": [998, 1013]}, {"key": "rights-under-this-section", "type": "clause", "offset": [1023, 1048]}, {"key": "days-after", "type": "definition", "offset": [1072, 1082]}, {"key": "knowledge-of", "type": "definition", "offset": [1242, 1254]}, {"key": "the-put-option", "type": "clause", "offset": [1312, 1326]}, {"key": "deliver-to", "type": "definition", "offset": [1343, 1353]}, {"key": "the-certificate", "type": "clause", "offset": [1381, 1396]}, {"key": "shares-to-be-sold", "type": "clause", "offset": [1426, 1443]}, {"key": "for-transfer", "type": "definition", "offset": [1486, 1498]}, {"key": "failure-of-the", "type": "clause", "offset": [1504, 1518]}, {"key": "day-period", "type": "definition", "offset": [1564, 1574]}, {"key": "waiver-of-the", "type": "clause", "offset": [1594, 1607]}, {"key": "upon-receipt-of", "type": "clause", "offset": [1689, 1704]}, {"key": "certificates-for-the-shares", "type": "clause", "offset": [1724, 1751]}, {"key": "by-the-holder", "type": "clause", "offset": [1763, 1776]}, {"key": "pursuant-to-section", "type": "definition", "offset": [1778, 1797]}, {"key": "the-aggregate-purchase-price", "type": "clause", "offset": [1810, 1838]}, {"key": "amount-of-fees", "type": "clause", "offset": [1856, 1870]}, {"key": "expenses-reimbursable", "type": "clause", "offset": [1875, 1896]}, {"key": "section-1561", "type": "clause", "offset": [1903, 1917]}, {"key": "by-check", "type": "clause", "offset": [1919, 1927]}, {"key": "wire-transfer", "type": "definition", "offset": [1931, 1944]}, {"key": "payable-to", "type": "definition", "offset": [1950, 1960]}, {"key": "order-of", "type": "clause", "offset": [1965, 1973]}], "snippet": "In the event of a Prohibited Transfer by a Principal Shareholder, a Holder shall have the right (but shall not be obligated) to sell, to the Principal Shareholder who made the Prohibited Transfer, a number of Common Shares (either directly or through conversion of Preferred Shares) equal to the number of Shares that the Holder would have been entitled to transfer to the proposed purchaser in the Prohibited Transfer pursuant to this Section 15, assuming the Holder elected to exercise its co-sale rights under Section 15.2 to their fullest extent. Such sale shall be made on the following terms and conditions:\n15.6.1 The price per share at which the Shares are to be sold to any such Principal Shareholder shall be equal to the price per share paid by the purchaser to such Principal Shareholder in the Prohibited Transfer. Such Principal Shareholder shall also reimburse the Holder for any and all reasonable fees and expenses, including attorneys\u2019 fees and expenses, incurred pursuant to any exercise of the Holder\u2019s rights under this Section 15.6.\n15.6.2 Within 90 days after the earlier of the dates on which the Holder (i) received notice from such Principal Shareholder of the Prohibited Transfer, or (ii) otherwise obtained actual knowledge of the Prohibited Transfer, the Holder shall, if exercising the put option created hereby, deliver to such Principal Shareholder the certificate or certificates representing Shares to be sold, each certificate to be properly endorsed for transfer. The failure of the Holder to exercise the put option in such 90-day period shall constitute a waiver of the Holder\u2019s right under this Section 15.6.\n15.6.3 Such Principal Shareholder shall, upon receipt of the certificate or certificates for the Shares to be sold by the Holder, pursuant to Section 15.6.2, pay the aggregate purchase price therefor and the amount of fees and expenses reimbursable under Section 15.6.1, by check or wire transfer made payable to the order of the Holder.", "hash": "ae4ae50d1ef3ff1ed7077aee97c3b6c6", "id": 3}, {"size": 29, "samples": [{"hash": "lwfGtSxzcZA", "uri": "/contracts/lwfGtSxzcZA#put-option", "label": "Right of First Refusal and Co Sale Agreement (LendingClub Corp)", "score": 25.2902126312, "published": true}, {"hash": "lTw1ATvxR3R", "uri": "/contracts/lTw1ATvxR3R#put-option", "label": "Right of First Refusal and Co Sale Agreement (LendingClub Corp)", "score": 23.4312114716, "published": true}, {"hash": "7qw67l2M7oB", "uri": "/contracts/7qw67l2M7oB#put-option", "label": "Right of First Refusal and Co Sale Agreement (LendingClub Corp)", "score": 20.5852165222, "published": true}], "snippet_links": [{"key": "key-holder-stock", "type": "definition", "offset": [55, 71]}, {"key": "the-co", "type": "clause", "offset": [92, 98]}, {"key": "rights-of", "type": "definition", "offset": [104, 113]}, {"key": "this-agreement", "type": "clause", "offset": [149, 163]}, {"key": "prohibited-transfer", "type": "definition", "offset": [168, 187]}, {"key": "the-put-option", "type": "clause", "offset": [217, 231]}, {"key": "provisions-of", "type": "clause", "offset": [301, 314]}, {"key": "in-the-event-of-a", "type": "clause", "offset": [332, 349]}, {"key": "right-to-sell", "type": "clause", "offset": [400, 413]}, {"key": "number-of-shares-of-common-stock", "type": "clause", "offset": [446, 478]}, {"key": "equal-to", "type": "definition", "offset": [479, 487]}, {"key": "transfer-to", "type": "clause", "offset": [551, 562]}, {"key": "pursuant-to", "type": "clause", "offset": [644, 655]}, {"key": "in-compliance-with", "type": "definition", "offset": [661, 679]}, {"key": "the-terms", "type": "clause", "offset": [681, 690]}, {"key": "the-following-terms-and-conditions", "type": "clause", "offset": [726, 760]}, {"key": "price-per-share", "type": "clause", "offset": [770, 785]}, {"key": "the-shares-are", "type": "definition", "offset": [795, 809]}, {"key": "sold-to", "type": "clause", "offset": [816, 823]}, {"key": "by-the-purchaser", "type": "clause", "offset": [882, 898]}, {"key": "all-fees", "type": "clause", "offset": [1009, 1017]}, {"key": "legal-fees-and-expenses", "type": "definition", "offset": [1042, 1065]}, {"key": "in-connection-with", "type": "clause", "offset": [1076, 1094]}, {"key": "the-investor", "type": "definition", "offset": [1137, 1149]}, {"key": "days-after", "type": "definition", "offset": [1202, 1212]}, {"key": "an-investor", "type": "clause", "offset": [1231, 1242]}, {"key": "notice-of-the", "type": "clause", "offset": [1252, 1265]}, {"key": "such-investor", "type": "clause", "offset": [1287, 1300]}, {"key": "exercising-the-option", "type": "clause", "offset": [1311, 1332]}, {"key": "deliver-to", "type": "definition", "offset": [1349, 1359]}, {"key": "the-certificate", "type": "clause", "offset": [1375, 1390]}, {"key": "shares-to-be-sold", "type": "clause", "offset": [1424, 1441]}, {"key": "for-transfer", "type": "definition", "offset": [1484, 1496]}, {"key": "upon-receipt-of", "type": "clause", "offset": [1527, 1542]}, {"key": "certificates-for-the-shares", "type": "clause", "offset": [1562, 1589]}, {"key": "section-42", "type": "clause", "offset": [1634, 1645]}, {"key": "the-aggregate-purchase-price", "type": "clause", "offset": [1651, 1679]}, {"key": "as-specified", "type": "clause", "offset": [1739, 1751]}], "snippet": "(a) In the event that a Key Holder should Transfer any Key Holder Stock in contravention of the co-sale rights of each Investor under Section 2.5 of this Agreement (a \u201cProhibited Transfer\u201d), each Investor, shall have the put option provided below, and such Key Holder shall be bound by the applicable provisions of such option.\n(b) In the event of a Prohibited Transfer, each Investor shall have the right to sell to such Key Holder the type and number of shares of Common Stock equal to the number of shares each Investor would have been entitled to Transfer to the purchaser under Section 2.5 hereof had the Prohibited Transfer been effected pursuant to, and in compliance with, the terms hereof. Such sale shall be made on the following terms and conditions:\n(i) The price per share at which the shares are to be sold to the Key Holder shall be equal to the price per share paid by the purchaser to such Key Holder in such Prohibited Transfer. The Key Holder shall also reimburse each Investor for any and all fees and expenses, including legal fees and expenses, incurred in connection with the exercise or the attempted exercise of the Investor\u2019s rights under Section 2.5.\n(ii) Within ninety (90) days after the date on which an Investor received notice of the Prohibited Transfer, such Investor shall, if exercising the option created hereby, deliver to the Key Holder the certificate or certificates representing the shares to be sold, each certificate to be properly endorsed for transfer.\n(iii) Such Key Holder shall, upon receipt of the certificate or certificates for the shares to be sold by an Investor, pursuant to this Section 4.2, pay the aggregate purchase price therefor and the amount of reimbursable fees and expenses, as specified in Section 4.2(b)(i), in cash or by other means acceptable to the Investor.", "hash": "9b65b0f60697d94b9722b6d71837fdf8", "id": 4}, {"size": 18, "samples": [{"hash": "kAF1v4OHdmM", "uri": "/contracts/kAF1v4OHdmM#put-option", "label": "Management Unit Subscription Agreement", "score": 31.3408622742, "published": true}, {"hash": "kCTVOgX6IiB", "uri": "/contracts/kCTVOgX6IiB#put-option", "label": "Management Unit Subscription Agreement (Apria Healthcare Group Inc)", "score": 22.1895961761, "published": true}, {"hash": "eh3W8yt61Ms", "uri": "/contracts/eh3W8yt61Ms#put-option", "label": "Management Unit Subscription Agreement (Ahny-Iv LLC)", "score": 19.5366191864, "published": true}], "snippet_links": [{"key": "prior-to-the", "type": "clause", "offset": [4, 16]}, {"key": "the-initial-public-offering", "type": "clause", "offset": [31, 58]}, {"key": "the-company-and-its-subsidiaries", "type": "clause", "offset": [91, 123]}, {"key": "the-death-of-executive", "type": "clause", "offset": [142, 164]}, {"key": "by-the-company", "type": "clause", "offset": [182, 196]}, {"key": "the-disability-of-executive", "type": "clause", "offset": [239, 266]}, {"key": "permitted-transferees", "type": "clause", "offset": [294, 315]}, {"key": "the-right", "type": "clause", "offset": [403, 412]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [425, 450]}, {"key": "following-the", "type": "definition", "offset": [474, 487]}, {"key": "after-the-termination-date", "type": "clause", "offset": [510, 536]}, {"key": "to-sell", "type": "clause", "offset": [538, 545]}, {"key": "put-right", "type": "clause", "offset": [567, 576]}, {"key": "the-company-shall", "type": "clause", "offset": [584, 601]}, {"key": "one-occasion", "type": "definition", "offset": [678, 690]}, {"key": "from-each-member", "type": "definition", "offset": [691, 707]}, {"key": "number-of", "type": "definition", "offset": [765, 774]}, {"key": "vested-units", "type": "clause", "offset": [775, 787]}, {"key": "by-executive", "type": "clause", "offset": [798, 810]}, {"key": "price-per-unit", "type": "definition", "offset": [892, 906]}, {"key": "equal-to", "type": "definition", "offset": [907, 915]}, {"key": "the-fair-market-value", "type": "clause", "offset": [916, 937]}, {"key": "the-relevant", "type": "clause", "offset": [982, 994]}, {"key": "election-to-purchase", "type": "definition", "offset": [995, 1015]}, {"key": "valuation-date", "type": "definition", "offset": [1046, 1060]}, {"key": "to-exercise", "type": "clause", "offset": [1074, 1085]}, {"key": "with-respect-to", "type": "clause", "offset": [1097, 1112]}, {"key": "other-units", "type": "clause", "offset": [1282, 1293]}, {"key": "in-accordance-with", "type": "definition", "offset": [1335, 1353]}, {"key": "terms-of-the-agreements", "type": "clause", "offset": [1358, 1381]}, {"key": "from-the-company", "type": "clause", "offset": [1431, 1447]}, {"key": "members-of", "type": "clause", "offset": [1513, 1523]}, {"key": "notice-to-the-company", "type": "clause", "offset": [1565, 1586]}, {"key": "pursuant-to-section", "type": "definition", "offset": [1672, 1691]}, {"key": "signature-of", "type": "definition", "offset": [1731, 1743]}, {"key": "section-51", "type": "clause", "offset": [1807, 1818]}, {"key": "closing-of-the-purchase", "type": "clause", "offset": [1824, 1847]}, {"key": "principal-office-of-the-company", "type": "definition", "offset": [1872, 1903]}], "snippet": "(a) Prior to the occurrence of the initial Public Offering, if Executive\u2019s employment with the Company and its Subsidiaries terminates due to the death of Executive or is terminated by the Company or any of its Subsidiaries as a result of the Disability of Executive, Executive and Executive\u2019s Permitted Transferees (hereinafter sometimes collectively referred to as the \u201cExecutive\u2019s Group\u201d) shall have the right, subject to the provisions of Section 5 hereof, for 180 days following the date that is 210 days after the Termination Date, to sell to the Company (the \u201cPut Right\u201d), and the Company shall be required to purchase (subject to the provisions of Section 5 hereof), on one occasion from each member of Executive\u2019s Group, all (but not less than all) of the number of Vested Units then held by Executive\u2019s Group that equals all Vested Units collectively held by Executive\u2019s Group at a price per Unit equal to the Fair Market Value of such Units (measured as of the date that the relevant election to purchase such Units is delivered (the \u201cValuation Date\u201d)). In order to exercise its rights with respect to the Vested Units pursuant to this Section 4.1(a), Executive\u2019s Group shall also be required to simultaneously exercise any similar rights it may have with respect to any other units of the Company held by Executive\u2019s Group in accordance with the terms of the agreements pursuant to which such other units were acquired from the Company.\n(b) If Executive\u2019s Group desires to exercise the Put Right, the members of Executive\u2019s Group shall send one written notice to the Company setting forth such members\u2019 intention to collectively sell all of their Vested Units pursuant to Section 4.1(a), which notice shall include the signature of each member of Executive\u2019s Group. Subject to the provisions of Section 5.1, the closing of the purchase shall take place at the principal office of the Company on a date specified by the Company no later than the 60th day after the giving of such notice.", "hash": "7f437d5f62ba9735bec1d791a01cbbe0", "id": 6}, {"size": 11, "samples": [{"hash": "jAlkPks4Aud", "uri": "/contracts/jAlkPks4Aud#put-option", "label": "Repatriation Spa", "score": 23.8743915558, "published": true}, {"hash": "jAhKxfP4LvM", "uri": "/contracts/jAhKxfP4LvM#put-option", "label": "Repatriation Spa", "score": 23.8743915558, "published": true}, {"hash": "iWl2jk57qs0", "uri": "/contracts/iWl2jk57qs0#put-option", "label": "Repatriation Spa", "score": 23.8743915558, "published": true}], "snippet_links": [{"key": "shareholder-a", "type": "definition", "offset": [34, 47]}, {"key": "at-any-time", "type": "clause", "offset": [91, 102]}, {"key": "following-the", "type": "definition", "offset": [136, 149]}, {"key": "completion-of-the", "type": "clause", "offset": [158, 175]}, {"key": "repatriation-spa", "type": "definition", "offset": [176, 192]}, {"key": "option-exercise-period", "type": "clause", "offset": [199, 221]}, {"key": "the-shares", "type": "clause", "offset": [264, 274]}, {"key": "by-the-shareholder", "type": "clause", "offset": [280, 298]}, {"key": "relevant-shares", "type": "definition", "offset": [325, 340]}, {"key": "the-put-option", "type": "clause", "offset": [369, 383]}, {"key": "written-notice", "type": "definition", "offset": [427, 441]}, {"key": "set-out", "type": "definition", "offset": [467, 474]}, {"key": "schedule-1", "type": "clause", "offset": [478, 488]}, {"key": "this-deed", "type": "clause", "offset": [492, 501]}, {"key": "to-exercise", "type": "clause", "offset": [534, 545]}, {"key": "the-option", "type": "clause", "offset": [597, 607]}, {"key": "option-notice", "type": "definition", "offset": [630, 643]}, {"key": "full-title-guarantee", "type": "clause", "offset": [788, 808]}, {"key": "other-person", "type": "definition", "offset": [831, 843]}, {"key": "notice-to-the", "type": "clause", "offset": [869, 882]}, {"key": "the-relevant", "type": "clause", "offset": [911, 923]}, {"key": "all-rights", "type": "clause", "offset": [966, 976]}, {"key": "business-days-of", "type": "clause", "offset": [1103, 1119]}, {"key": "sale-and-purchase", "type": "definition", "offset": [1166, 1183]}, {"key": "option-closing-date", "type": "definition", "offset": [1211, 1230]}], "snippet": "2.1 CWC Inc. hereby grants to the Shareholder a put option (the \u201cPut Option\u201d), exercisable at any time on and from the date immediately following the date of completion of the Repatriation SPA (the \u201cOption Exercise Period\u201d), to require CWC Inc. to purchase all of the shares held by the Shareholder in Carve-Out Holdco (the \u201cRelevant Shares\u201d) for a price of \u00a31.00.\n2.2 The Put Option may be exercised by the Shareholder giving written notice to CWC Inc. (in the form set out in Schedule 1 to this Deed) of the Shareholder\u2019s intention to exercise the Put Option, and its receipt by CWC Inc. during the Option Exercise Period (the \u201cOption Notice\u201d). An Option Notice may not be withdrawn once given.\n2.3 If the Put Option is exercised by the Shareholder then the Shareholder shall sell with full title guarantee and CWC Inc. (or such other person as CWC Inc. may elect by notice to the Shareholder) shall purchase the Relevant Shares free from any Encumbrance and with all rights attached or accruing to them on such date as CWC Inc. shall notify to the Shareholder, which shall be a date falling within 5 Business Days of the Option Notice, and the date on which such sale and purchase is completed shall be the \u201cOption Closing Date\u201d.", "hash": "ef2968d868c750c986f578bbd256c334", "id": 8}, {"size": 19, "samples": [{"hash": "1jY3ilX3vpn", "uri": "/contracts/1jY3ilX3vpn#put-option", "label": "Stock Put/Call Option and Successor Designation Agreement (Omega Orthodontics Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-option", "type": "clause", "offset": [19, 29]}, {"key": "require-the", "type": "clause", "offset": [52, 63]}, {"key": "new-pc", "type": "clause", "offset": [64, 70]}, {"key": "termination-of-the-management-services-agreement", "type": "clause", "offset": [77, 125]}, {"key": "term-of-the", "type": "clause", "offset": [190, 201]}, {"key": "book-value", "type": "clause", "offset": [266, 276]}, {"key": "leasehold-improvements", "type": "definition", "offset": [288, 310]}, {"key": "furnishings-and-equipment", "type": "definition", "offset": [333, 358]}, {"key": "the-performance", "type": "clause", "offset": [486, 501]}, {"key": "obligations-under-the", "type": "clause", "offset": [509, 530]}, {"key": "all-other-assets", "type": "clause", "offset": [565, 581]}, {"key": "inventory-and-supplies", "type": "definition", "offset": [593, 615]}, {"key": "balance-sheet", "type": "definition", "offset": [650, 663]}, {"key": "at-the-end-of-the", "type": "clause", "offset": [667, 684]}, {"key": "date-of", "type": "clause", "offset": [717, 724]}, {"key": "termination-or-expiration", "type": "clause", "offset": [730, 755]}, {"key": "in-accordance-with", "type": "definition", "offset": [765, 783]}, {"key": "in-respect-of", "type": "clause", "offset": [844, 857]}, {"key": "other-adjustments", "type": "definition", "offset": [924, 941]}, {"key": "an-assignment", "type": "definition", "offset": [1017, 1030]}, {"key": "the-restrictive-covenants", "type": "clause", "offset": [1104, 1129]}, {"key": "section-37", "type": "clause", "offset": [1146, 1157]}, {"key": "the-applicable", "type": "clause", "offset": [1202, 1216]}, {"key": "employment-agreement", "type": "definition", "offset": [1217, 1237]}, {"key": "goodwill-and-other-intangible-assets", "type": "clause", "offset": [1439, 1475]}, {"key": "all-contracts", "type": "clause", "offset": [1505, 1518]}, {"key": "obligations-of-the-mso", "type": "clause", "offset": [1550, 1572]}, {"key": "agreement-or", "type": "definition", "offset": [1665, 1677]}, {"key": "the-properties", "type": "definition", "offset": [1678, 1692]}, {"key": "to-exercise", "type": "clause", "offset": [1761, 1772]}, {"key": "notice-of", "type": "clause", "offset": [1816, 1825]}, {"key": "prior-to-the", "type": "clause", "offset": [1909, 1921]}, {"key": "the-closing", "type": "clause", "offset": [1968, 1979]}, {"key": "exercise-of-the-put-option", "type": "clause", "offset": [2003, 2029]}, {"key": "payment-of-the", "type": "clause", "offset": [2071, 2085]}, {"key": "this-section-2", "type": "clause", "offset": [2132, 2146]}, {"key": "put-price", "type": "definition", "offset": [2167, 2176]}], "snippet": "The MSO shall have the option (the \"Put Option\") to require the New PC, upon termination of the Management Services Agreement by the MSO under Section 10.2 thereof or upon expiration of the Term of the Management Services Agreement, to:\n(a) Purchase from the MSO at book value all of the leasehold improvements, fixtures, furniture, furnishings and equipment comprising or located at the Orthodontic Offices, including all replacements and additions thereto made by the MSO pursuant to the performance of its obligations under the Management Services Agreement and all other assets, including inventory and supplies and intangibles, set forth on the balance sheet as at the end of the month immediately preceding the date of such termination or expiration prepared in accordance with GAAP (the \"Balance Sheet\") to reflect operations of the MSO in respect of the Orthodontic Offices, including depreciation, amortization and other adjustments of such assets shown on such Balance Sheet; and\n(b) Purchase, by obtaining an assignment from the MSO, at book value, the right to receive payments for breach of the restrictive covenants provided for in Section 3.7 of the Management Services Agreement and in the applicable Employment Agreement with Dr. Schneekluth contemplated thereunder, and any goodwill \u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587ble assets set forth on the Balance Sheet, reflecting amortization or depreciation of the restrictive covenants, and any goodwill and other intangible assets; and\n(c) Assume all debt and all contracts, payables and leases which are obligations of the MSO and which relate solely to the performance of its obligations under the Management Services Agreement or the properties subleased in respect of the Orthodontic Offices. If the MSO desires to exercise its Put Option, the MSO shall give written notice of such election to the New PC and Dr. Schneekluth at least twenty (20) calendar days prior to the date \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587 such notice as the date for the closing of the Put Option. Any exercise of the Put Option by the MSO shall be made by an aggregate payment of the amounts computed under Clauses (a) and (b) of this Section 2 (collectively, the \"Put Price\").", "hash": "ca7424731ced6819dd3e2eff057fcf42", "id": 5}], "next_curs": "ClMSTWoVc35sYXdpbnNpZGVyY29udHJhY3Rzci8LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhNwdXQtb3B0aW9uIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"size": 1733, "title": "Put Option", "children": [["put-option", "Put Option"], ["exercise-of-put-option", "Exercise of Put Option"], ["grant-of-put-option", "Grant of Put Option"], ["closing", "Closing"], ["put-price", "Put Price"]], "parents": [["put-option", "Put Option"], ["prohibited-transfers", "Prohibited Transfers"], ["certain-sales-upon-termination-of-employment", "Certain Sales Upon Termination of Employment"], ["miscellaneous", "Miscellaneous"], ["covenants", "COVENANTS"]], "id": "put-option", "related": [["call-option", "Call Option", "Call Option"], ["put-right", "Put Right", "Put Right"], ["call-right", "Call Right", "Call Right"], ["the-optional-shares-option-closing-date", "The Optional Shares; Option Closing Date", "The Optional Shares; Option Closing Date"], ["exercise-of-put-option", "Exercise of Put Option", "Exercise of <strong>Put Option</strong>"]], "related_snippets": [], "updated": "2026-04-05T05:49:25+00:00"}, "json": true, "cursor": ""}}