Put Closing definition

Put Closing shall have the meaning set forth in Section 2.3.8.

Put Closing shall have the meaning set forth in Section 6.6.

Put Closing means one of the closings of a purchase and sale of the Put Shares pursuant to Section 2.3.

Examples of Put Closing in a sentence

• Accordingly, from and after the First Put Closing, Section 3.8 of the Purchase Agreement and any and all references to the Buyer Option Terms (and clauses relating thereto) are hereby deleted from the Purchase Agreement.

• The Buyer and the Seller acknowledge and agree that, as a result of the Seller’s sale of the First Put Royalty Payment Tranche to the Buyer at the First Put Closing on the date hereof, the Buyer’s option to purchase from the Seller the Buyer Option Assigned Royalty Payments as contemplated in the Purchase Agreement shall, from and after the First Put Closing, no longer be applicable.

• The Seller and the Buyer further hereby acknowledge and agree that the First Put Closing shall take place on the date hereof immediately following the execution and delivery of this Amendment No. 1 by the Buyer, the Seller and Royalty Pharma plc, notwithstanding any required notice or timing provisions set forth in this Agreement, which provisions the Buyer and the Seller each hereby waive for purposes of the First Put Closing.

• If the Seller is not then in material breach of this Agreement, then on the [**] following delivery of such Put Closing Notice, the Seller shall sell, transfer, assign and convey to the Buyer, and the Buyer shall purchase, acquire and accept from the Seller, free and clear of all Liens, all of the Seller’s right, title and interest in and to such Subsequent Put Royalty Payment Tranche(s) (each such purchase and sale of such Subsequent Put Royalty Payment Tranche(s), a “Subsequent Put Closing”).

• Such Put Closing Notice shall set forth the Subsequent Put Royalty Payment Tranche(s) that the Seller desires to sell and the expected Put Purchase Price for such Subsequent Put Royalty Payment ​ ​ ​ ​ Tranche(s).

More Definitions of Put Closing

Put Closing has the meaning specified in Section 6.3(a) hereof. --- -------

Put Closing has the meaning set forth in Section 1.4.3.

Put Closing is defined in Section 7.7(b).

Put Closing has the meaning provided for in Section 3(c).

Put Closing means the closing of the Company’s repurchase of this Warrant pursuant to Holder’s exercise of its Put Right, to be held at the principal office of the Company on such date as shall be set forth in Holder’s Put Notice, which date shall be not less than ten (10) days following the date of such Put Notice. Notwithstanding anything in this Warrant to the contrary, (1) upon Holder’s delivery of the Put Notice, but subject to the consummation of the Company’s repurchase of this Warrant at the Put Closing in accordance with the requirements of this Section 1.7, this Warrant shall cease to be exercisable for any Shares, and (2) upon the consummation of the Company’s repurchase of this Warrant at the Put Closing in accordance with the requirements of this Section 1.7, this Warrant shall terminate and be of no further force or effect.

Put Closing means the purchase and sale of the Put Shares made at the offices of Company, or at such other place as is mutually agreed upon by the Company and the Participant, on a date that is as soon as reasonably practicable following the Company's receipt of the Put Notice, but, subject to Section 4(b) above, not later than 120 days following the date of the Put Notice. The effective date of any Put Closing shall be the date on which the Company remits the Put Price to the Participant (or his or her legal representative, beneficiary or estate). Any dispute about the payment amount due with respect to any Put Shares shall not affect or change the effective date of any Put Closing under Section 4.

Put Closing. As defined in Section 19.1.