Xxxxxxxx Put Right Sample Clauses

Xxxxxxxx Put Right. At any time between the second and third anniversary of the Contributions Commencement Date (the “Evaluation Period”), Xxxxxxxx shall have the right to evaluate its participation in the Project and, subject to the terms hereof, may deliver to the Company a put notice (the “Put Notice”). Upon its receipt of a Put Notice during the Evaluation Period, the Company shall set a closing date (which date shall not be more than three months after its receipt of the Put Notice) for the purchase of Xxxxxxxx’x entire Interest in the Company at the “Guaranteed Return Price” as such term is defined in Section 14.3 below. On the closing date set by the Company, the Company shall purchase and pay the Guaranteed Return Price for Xxxxxxxx’x entire Interest in the Company and Xxxxxxxx shall sell to the Company Xxxxxxxx’x entire Interest in the Company. The purchase by the Company pursuant to Section 14.2, or the purchase by Mascoma pursuant to Section 14.3, of Xxxxxxxx’x entire Interest in the Company shall be effected pursuant to an agreement and such other documents as are customary in transactions of this type; provided, however, that upon payment, on or after the date set therefor, of the Guaranteed Return Price into a separate escrow account, of which Xxxxxxxx is the beneficiary, the Company shall, for all intents and purposes, reflect the Company (if the repurchase is effected pursuant to Section 14.2) or Mascoma (if the purchase is effected pursuant to Section 14.3) as the sole owner of Xxxxxxxx’x entire Interest in the Company.