Put Rights of Network Sub Sample Clauses

Put Rights of Network Sub. (a) Promptly following the occurrence of an Optional Put Triggering Event (but in any event, no more than fifteen (15) days thereafter), Centene Sub shall provide written notice thereof to Network Sub (the “Put Trigger Notice”). Subject to the provisions of this Section 7.5, upon the receipt of a Put Trigger Notice, Network Sub shall have the right (an “Optional Put Right”), but not the obligation, to sell, and Centene Sub will have the obligation to purchase, all, but not less than all, of the Partnership Units held by Network Sub (the “Put Units”) for an amount equal to the Put Purchase Price. If, following the receipt of a Put Trigger Notice, Network Sub desires to exercise its Optional Put Right pursuant to this Section 7.5(a), Network Sub shall, within fifteen (15) days following the receipt of a Put Trigger Notice (the “Put Exercise Period”), provide written notice to Centene Sub of its intent to exercise its Optional Put Right (a “Put Exercise Notice”) and, promptly thereafter, Centene Sub and Network Sub shall, in accordance with Section 7.5(d) and Section 7.6 of this Agreement, cause the Put Purchase Price to be determined. In the event that Network Sub fails to provide a Put Exercise Notice to Centene Sub prior to the expiration of the Put Exercise Period, Network Sub shall be deemed to have waived its Optional Put Right and Centene Sub shall not be required to purchase the Put Units as provided herein. By delivering a Put Exercise Notice to Centene Sub, Network Sub shall be deemed to have represented and warranted to Centene Sub that (i) Network Sub has full right, title and interest in and to the Put Units; (ii) Network Sub has all necessary power and authority and has taken all necessary action to sell the Put Units as contemplated by this Section 7.5(a); and (iii) the Put Units are free and clear of any and all Encumbrances other than those arising as a result of or under the provisions of this Agreement and the Governing Documents of the Company. (b) Upon the occurrence of a Mandatory Put Triggering Event, Network Sub shall, subject to the provisions of this Section 7.5, be required to sell, and Centene Sub will have the obligation to purchase, all, but not less than all, of the Put Units for an amount equal to the Put Purchase Price. Promptly following the occurrence of a Mandatory Put Triggering Event and the issuance of a Fundamental Breach Termination Notice, Centene Sub and Network Sub shall, in accordance with Section 7.5(d) and Sectio...
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Related to Put Rights of Network Sub

  • Rights of the Holder The Holder shall not, by virtue hereof, be entitled to any rights of a stockholder in the Company, either at law or equity, and the rights of the Holder are limited to those expressed in this Warrant and are not enforceable against the Company except to the extent set forth herein.

  • RIGHTS OF THE UNION Section 4.1 The Union has the right and responsibility to represent the interests of all employees in the unit; to present its views to the District on matters of concern, and to enter collective negotiations with the object of reaching an agreement applicable to all employees within the unit, except that by such obligation neither party shall be compelled to agree to a proposal or be required to make a concession. Section 4.2 The Union shall promptly be notified by the District of any formal grievance of any employee in the unit in accordance with the provisions of the Discharge and Grievance articles contained herein. The Union is entitled to have an observer at hearings conducted by any District official or body arising out of a grievance and to make known the Union's views concerning the case. Section 4.3 The Employer, as part of the general orientation of each new employee within the unit subject to this Agreement, shall make available to each employee, a copy of this Agreement. Section 4.4 The President of the Union and/or the President's representatives will be provided time off without loss of pay to a maximum of twenty-five days (25) days total per year, to be used at the discretion of the executive board. The leave will be granted for the President and the Union representatives to attend regional or state meetings when the purpose of these meetings. Additional release days may be granted. The Union will reimburse the District for the cost of any required substitute. Such use shall not interfere with District operations. 4.4.1 Upon return from such leave, the employee will be returned to the position previously held. 4.4.2 All seniority rights for such employee shall be retained and accrued. Section 4.5 The names of employees in the respective unit will be made available to the President of the Union upon request. On or before the first day of October of each year during the term of this Agreement, the District shall provide the Union with information regarding each employee in the bargaining unit on a form to be provided by the Union. Upon request the information shall be supplemented and revised quarterly. Employee information given to the Union shall be used solely for the purpose of union business. Section 4.6 The Union reserves and retains the right to delegate any Union right or duty contained herein to appropriate officials of the American Federation of Teachers Union of Washington. Section 4.7 Visitation rights shall be granted to the designated representative of the Union to visit employees in the unit for the purpose of grievance procedures and/or general information data. This excludes recruitment during working hours. The union representative shall notify his/her immediate supervisor and the building office (for employees assigned to a school site regularly or for the day) before leaving the assigned worksite and shall notify the building office upon arrival. For any union representative working in Maintenance, the representative shall notify his/her lead and the Maintenance Supervisor. Union meetings may be held during working hours with prior approval of the Superintendent or designee.

  • Rights of acquisition etc LR9.1 Tenant's contractual rights to renew this lease, to acquire the reversion or another lease of the Property, or to acquire an interest in other land LR9.2 Tenant's covenant to (or offer to) surrender this lease LR9.3 Landlord's contractual rights to acquire this lease

  • Rights of Optionee The Optionee shall not be, nor shall he have any of the rights or privileges of, a stockholder of the Company in respect of any of the shares issuable upon the exercise of this Option unless and until certificates representing such shares shall have been issued and delivered; except that the Company shall supply the Optionee with all financial information and other reports which the Company furnished its stockholders during the Option period.

  • RIGHTS OF MANAGEMENT Any rights of management which are not specifically mentioned in this Agreement and are not contrary to its intention shall continue in full force and effect for the duration of this contract, always provided that in the exercise of the aforementioned management rights there shall be no discrimination.

  • Rights of Members (a) Each Member irrevocably waives any right that it may have to maintain an action for partition with respect to the property of the Company. (b) Except as otherwise provided in this Agreement, (i) each Member shall look solely to the assets of the Company for the return of its Capital Contributions, and (ii) no Member shall have priority over any other Member as to the return of its Capital Contributions, distributions or allocations.

  • Rights of the Company The Company shall not be required to (i) transfer on its books any Purchased Shares that have been sold or transferred in contravention of this Agreement or (ii) treat as the owner of Purchased Shares, or otherwise to accord voting, dividend or liquidation rights to, any transferee to whom Purchased Shares have been transferred in contravention of this Agreement.

  • Rights of a Shareholder Employee shall have no rights as a shareholder with respect to any shares covered by this Agreement until the date of issuance of a stock certificate to him for such shares. Except as otherwise provided herein, no adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

  • Rights of Use of the results and of pre-existing rights by the NA and the Union (a) for its own purposes and in particular to make available to persons working for the NA, Union institutions, agencies and bodies and to Member States’ institutions, as well as to copy and reproduce in whole or in part and in an unlimited number of copies." For the rest of this article, the references to the "Union" must be read as reference to "the NA and/or the Union".

  • Rights of First Refusal The Company is not obligated to offer the securities offered hereunder on a right of first refusal basis or otherwise to any third parties including, but not limited to, current or former stockholders of the Company, underwriters, brokers, agents or other third parties.

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