Examples of Change of Control Put Right in a sentence
The Board is required to set a record date for the Change of Control Put Right.
Any holder who fails to timely return the exercise form will forfeit the holder’s Change of Control Put Right.
Such Change of Control Put Right may be considered a “tender offer” by the Company, or the Company’s designee, and will be conducted in compliance with applicable law and regulations.
Within 20 days after this record date, the Company is required to send a notice to each holder of record of Series B Preferred Units informing the holder of the proposed Change of Control transaction and the Change of Control Put Price for that holder’s Series B Preferred Units and the date by which the holder must return the holder’s election to exercise the holder’s Change of Control Put Right.
For purposes of exercising the Change of Control Put Right, an SHR Change of Control shall be deemed to have occurred upon the execution by the parties thereto of any definitive purchase agreement, merger agreement or similar definitive agreement which upon consummation of the transactions contemplated thereby will result in an SHR Change of Control.