Initial Put Notice definition

Initial Put Notice has the meaning set forth in Section 8.1.

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Initial Put Notice means the first Put Notice delivered to Purchaser pursuant to the terms of this Agreement.

Initial Put Notice has the meaning assigned to it in paragraph 4D(i)(a) of this Agreement.

Examples of Initial Put Notice in a sentence

• The Investor shall notify the Company as soon as possible, but in any event within three Business Days of receiving an Initial Put Notice, if the Investor believes Investor's purchase of the Initial Put Shares specified in the Initial Put Notice would result in the Investor exceeding the 4.99% limitation described above.

• The Company shall have caused to be delivered to Investor, within five (5) Trading Days of the effective date of the Initial Put Notice and each subsequent Put Notice, an opinion of the Company's legal counsel in the form of Exhibit C-1 and C-2 hereto, addressed to Investor.

• The Company shall have caused to be delivered to Investor, within five (5) Trading Days of the effective date of the Initial Put Notice and each subsequent Put Notice, an opinion of the Company's legal counsel in the forms of Exhibit C-1 and C-2 hereto respectively, addressed to Investor.

• The Company shall have filed an amendment to the Initial Put Shares Registration Statement (including any amendment thereto) specifically allotted for the Initial Put Shares and Warrant Shares issuable therewith and on each Condition Satisfaction Date the Initial Shares Registration Statement shall contain at least that amount of Initial Put Shares contained in the Initial Put Notice, and the number of Warrant Shares issuable therewith.

• For the twenty Trading Days immediately preceding such Closing Date, the average daily trading volume of the Common Stock on the NASDAQ National Market as reported by Bloomberg LP, shall be at least 120,000 shares and the closing bid price of a share of common stock of the Company as reported on the NASDAQ National Market for each of the Fifteen Trading Days preceding the Initial Put Notice or additional Put Notice which apply to such Closing shall not have been less than $1.50 nor greater than $5.00.

• The Debentures to be sold pursuant to the Initial Put Notice are hereinafter called the "Initial Tranche Debentures".

• Within 10 days of the receipt by the Purchasers of the first Put Notice (the "Initial Put Notice"), the Purchasers may advise the Company that they wish to purchase up to $1,000,000 of additional Debentures in which event such amount of additional Debentures shall be sold to the Purchasers at the Initial Closing (as defined below).

• Each such holder shall have the right to require the Company to purchase all, but not less than all, the Notes held by such holder on the Put Date specified in the Initial Put Notice by delivering a written notice (each such notice, together with the Initial Put Notice, being referred to as the "Put Notices") to the Company at least three (3) Business Days prior to such Put Date, which written notice shall state that such holder has elected to have the Company purchase its Notes on such Put Date.

More Definitions of Initial Put Notice

Initial Put Notice has the meaning set forth in Section 10(b)(i) hereof. "Initial Put Repurchase" has the meaning set forth in Section 10(b)(i) hereof. "Initial Put Repurchase Price" means the Fair Market Value of the Initial Put Shares as of the Date of Termination. "Initial Put Shares" has the meaning set forth in Section 10(b)(i) hereof. "Institutional Investors" means the parties to the Stockholders Agreement other than the Management Stockholders, Holdings and the ESOP. "Junior Subordinated Note" means the junior subordinated promissory note issued by Holdings to the Trust or any Permitted Transferee for payment of Initial Put Shares or Secondary Put Shares, as the case may be, in the principal amount specified in Holdings' notice pursuant to Section 11(b) hereof, bearing interest on the unpaid principal amount from the date of issue of such note (the "issue date") until such note is paid in full, payable quarterly on the first Business Day of each calendar quarter, at a fluctuating interest rate per annum (based on a year of 365 or 366 calendar days, as the case may be) equal to 1% per annum above the Prime Rate in effect from time to time (each change, if any, in such fluctuating interest rate to take