Equity Put Right definition
Equity Put Right means Sponsor Investor's right to require Sponsor Managing Member to purchase Sponsor Investor's equity interest in Sponsor pursuant to the Sponsor LLC Agreement.
Examples of Equity Put Right in a sentence
Each Holder of Secured First Lien Notes Claims that has exercised its PropCo Preferred Equity Put Right pursuant to the PropCo Preferred Subscription Procedures shall have the right to put all, but not less than all, of such Holders’ Pro Rata share of the PropCo Preferred Equity Distribution to the PropCo Preferred Backstop Investors for Cash pursuant thereto and consistent with the Backstop Commitment Agreement.
PropCo Preferred Equity Call Right and PropCo Preferred Equity Put Right.