Settlement of Put Options. For each Put Option exercised hereunder, (i) prior to 11:00 a.m., New York City time, on the Settlement Date, the Holder shall cause to be delivered to the Seller one ADS (the “Full Physical Share Amount”) together with, if applicable, any dividends or distributions (or payments in respect thereof) as set forth in Section 4.03, and (ii) on the Settlement Date, following receipt by the Holder of such amounts as set forth in clause (i) above, the Seller shall pay the Exercise Price (determined as of such Exercise Date), by federal wire or other immediately available funds payable to the order of the Holder and notified to the Seller in accordance with Section 8.02.
Appears in 8 contracts
Samples: Put Option Agreement (Repsol Ypf Sa), Put Option Agreement (Repsol Ypf Sa), Put Option Agreement (Repsol Ypf Sa)
