Second Put Option. The Buyers hereby grant to each H&Q Party the right and option (the "Second Put Option") at any time during the period beginning on March 29, 2004 and ending at 8:00 P.M., New York City time, on April 2, 2004 (the "Second Put Exercise Period") to require the Buyers to purchase and acquire from such H&Q Party up to the number of Covered Securities set forth opposite such H&Q Party's name on Exhibit B hereto under the heading "Upon Exercise of the Second Put Option."
Second Put Option. (a) In addition to the First Put Option and upon the terms and subject to the conditions set forth in this Agreement, ITT MSG shall have the option (the "Second Put Option"; each of the First Put Option and Second Put Option may be hereinafter referred to as a "Put Option") to require Cablevision to purchase, or, at the election of Cablevision, MSG to redeem (i) if ITT MSG has exercised the First Put Option and Cablevision has purchased, or caused MSG to redeem, the Second Transferred Interest, the balance of the remaining ITT MSG Interest such that immediately following such transfer or redemption, ITT MSG does not beneficially own an ITT MSG Interest (the ITT MSG Interest so transferred or redeemed hereunder is referred to as the "Third Transferred Interest"), on the second anniversary of the Initial Closing Date for a purchase price of $94 million or, if the Aircraft shall not have been contributed to MSG at the time of payment, $75 million or (ii) if ITT MSG has not exercised the First Put Option, at ITT MSG's election, (A) the Second Transferred Interest for a purchase price of $94 million or, if the Aircraft shall not have been contributed to MSG at the time of payment, $75 million or (B) the Second Transferred Interest and the Third Transferred Interest for a purchase price of $188 million or, if the Aircraft shall not have been contributed to MSG at the time of payment, $150 million (as any of such amounts may be increased pursuant to Section 2.07) (any of such purchase prices, the "Second Put Purchase Price"; each of the First Put Purchase Price and the Second Put Purchase Price may be hereinafter referred to as a "Put Purchase Price"). If ITT MSG exercises the Second Put Option, Cablevision shall purchase, or, at the election of Cablevision, cause MSG to redeem, the Second Transferred Interest or the Third Transferred Interest or both the Second Transferred Interest and the Third Transferred Interest, as the case may be, pursuant to the terms of this Agreement. At the election of Cablevision, the Second Put Purchase Price may be paid entirely in cash as set forth in Section 2.05 below, entirely in shares of Cablevision Common Stock as set forth in Section 2.06 below or in any combination thereof. In the event that Cablevision shall not be able to purchase, or cause MSG to redeem, the Second Transferred Interest or the Third Transferred Interest or both, as the case may be, because of a failure of any condition to the closing of such purchase or r...
Second Put Option. Each Seller may exercise the Second Put Option in respect of the Second Option Shares at any time after Completion and ending no later than the first to occur of:
Second Put Option. A. In the event that Investors makes payment in full of all amounts that are due under the Note through July 1, 2003, including, without limitation, full payment of all principal and accrued interest under the Note through such date, Investors shall, for the thirty (30) day period beginning on July 2, 2003 and ending on July 31, 2003, have the right, but not the obligation, to sell all, but not less than all, of the Shares and all securities issued as a dividend or distribution with respect thereto or in exchange or replacement thereof (the "Total Subject Stock") to Powertel, and Powertel shall be obligated to purchase the Total Subject Stock from Investors for the consideration and upon the terms and conditions set forth in this Agreement (the "Second Put"). Investors may exercise the Second Put only by giving written notice thereof (the "Second Put Exercise Notice") to Powertel on or before July 31, 2003. For the purposes hereof, the effective date of the Second Put Exercise Notice shall be known as the "Second Put Notice Date."
Second Put Option. (a) Plug Power hereby grants to Axane an irrevocable option to require from Plug Power the purchase of all (but of all only) of the JV Company Shares held by Axane and/or its Affiliates as at the date of the exercise of said option (the “Second Put Option”). Axane hereby accept said Second Put Option, as an option only.
Second Put Option. In the event that:
Second Put Option. (a) During the period commencing on January 1, 2025 and ending on March 31, 2025 (such period, the “Second Put Option Period”), the Founders are hereby granted the right and option, but not the obligation, to sell and transfer to Entravision (or an Affiliate of Entravision as designated by Entravision)) 10% of the share capital of Adsmurai (on a pro rata basis with respect to each Founder’s ownership share, unless otherwise agreed by the Parties) (the “Second Put Option Shares”) (the “Second Put Option Right”). The Founders agree that the Founders Representative shall be able to decide, at its sole discretion, whether or not the Founders shall exercise the Second Put Option Right, for which purposes the Founders hereby grant the Founders Representative with the full power and authority to exercise the Second Put Option Right on their behalf. Any decision by the Founders Representative to exercise the Second Put Option Right on behalf of all the Founders shall be final and binding upon them.
Second Put Option. On the 12-month anniversary of the Company obtaining Control over ORL (the “Control Anniversary Date”), Linura will have the right to cause Scailex to purchase all of its Ordinary Shares in the Company by delivering written notice to Scailex before the thirtieth (30th) day following the Control Anniversary Date (the “Second Put Option”). The purchase price of the shares under the Second Put Option shall be equal to (x) the sum of (i) the price that Linura paid to acquire its Ordinary Shares and its Capital Investments and (ii) the amount of Linura’s outstanding Participating Shareholder Loans (including any accrued Loan Interest thereon until the Second Put Option exercise date) minus (y) any dividends or repayment of its Capital Investments
Second Put Option. By valid delivery of a Put Option Notice (as set forth below), the Founders may elect to exchange on the second anniversary of the closing of the IPO (the "SECOND ANNIVERSARY DATE") up to fifty percent (50%) of the IPO-Time Shares (less any IPO-Time Shares previously sold to DPI under Section 2 or 3) for shares of common stock of DPI.
Second Put Option. In consideration of the mutual covenants in the JV Agreement, Sky Elegant hereby further grants to Sub-Zero (HK) an option (the “Second Put Option”) whereby Sub-Zero (HK) has the right to, by way of an Option Notice, require Sky Elegant or its designated person(s) to purchase from Sub-Zero (HK) all or part of its Relevant Shares and Shareholder Loan advanced by Sub-Zero (HK) to the JV Group, at the exercise price determined below. The Second Put Option shall be exercisable by Sub-Zero (HK) after the expiration of thirty-six (36) months after the date of the JV Agreement. For the avoidance of doubt, the Second Put Option shall be exercisable by Sub-Zero (HK) irrespective of whether Gold View is able to meet the KPIs in accordance with the Management Service Agreement or not. Under the Second Put Option, the price of the Relevant Shares and the Shareholder Loan shall be equal to the summation of the outstanding amount of the Sub-Zero (HK) Loan and US$1,000,000 (or if Sub-Zero (HK) subsequently disposed of its shares, US$1,000,000 multiplied by the number of shares held by Sub-Zero (HK) at the time when Sub-Zero (HK) exercises the Second Put Option divided by the number of shares held by Sub-Zero (HK) upon Completion). Completion of the sale and purchase of the relevant Shares and Shareholder Loan and full payment of the considerations shall take place within 120 days from the date of the Option Notice, subject to an approved refinancing arrangement from bank or financing institution having been put in place for the JV Company. The Company will comply with the relevant Listing Rules requirements in the event of the exercise of the exit options by Sub-Zero (HK).
