Put Election definition

Put Election has the meaning set forth in Section 2.2.
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Put Election shall have the meaning set forth in Section 8.7 hereof.
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Put Election has the meaning set forth in Section 3(b) hereof.
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Examples of Put Election in a sentence

  • The Company will pay for the Class B Preferred Units to be purchased by it pursuant to the Preferred Put Election by first offsetting amounts outstanding under any bona fide debts owed by Executive to the Company and will pay the remainder of the purchase price by a check or wire transfer of immediately available funds.

  • The Company will pay for the Vested Units to be purchased by it pursuant to the Separation Put Election by first offsetting amounts outstanding under any bona fide debts owed by Executive to the Company and will pay the remainder of the purchase price by a check or wire transfer of immediately available funds.

  • The Separation Repurchase Option with respect to Vested Units under SECTIONS 3(a)(i)(B)(I) and 3(a)(i)(B)(II) shall be valid only if Executive fails to exercise the Separation Put Right (if applicable) within the Put Election Period provided in SECTION 4(a)(i) below.

  • At least 15 days before the Confirmation Hearing, New GGP may make the New GGP Post-Emergence Public Offering Clawback Election and/or the New GGP Post-Emergence Public Offering Put Election.

  • Additionally, if New GGP makes the New GGP Post-Emergence Public Offering Put Election, on the Effective Date New GGP shall issue the Bridge Notes to Pershing Square and Pershing Square shall deliver cash proceeds equal to the amount of the Bridge Notes to New GGP.

  • Upon exercise of the Option or Put as provided in (and ------- in accordance with) any of Sections 1 or 2 above, the purchase and sale of the ---------- - Remainder Notes shall close on the closing date specified in the Option Election Notice or Put Election Notice, as applicable, in accordance with the terms of Sections 1(b) and 2(b), respectively (the "CLOSING DATE").

  • If New GGP makes the New GGP Post-Emergence Public Offering Put Election, New GGP will not sell the Put Shares to Pershing Square on the Effective Date and instead New GGP will have the option to sell to Pershing Square, on the Settlement Date, at a price of $10.00 per share, a number of shares of New GGP Common Stock up to the Deficiency Amount.

  • The Put Election Notice shall include (i) the proposed closing date, which shall not be less than ten (10) business days after the delivery thereof nor more than twenty (20) business days after the delivery thereof, and (ii) the Optionor's calculation of the Fair Market Value of the Remainder Notes based on the proposed closing date.

  • The broker(s) shall determine the FMV by evaluating both Members proposed FMVs in light of the fair market value of the Property, such fair market value being the fairest price estimated in the terms of money that the Company could obtain if the Property was sold in the open market allowing a reasonable time to find a purchaser who purchases with knowledge of the business of the Property at the time of the delivery of the Put Election Notice or Call Election Notice.

  • Upon delivery of the Put Election Notice to Bluerock, which shall be the effective date of the Put Election Notice, the obligation of Bluerock to purchase and acquire ArchCo’s entire Interest in the Company for the Put/Call Purchase Price thereof shall be expressly irrevocable and non-contingent, and the obligation of ArchCo to sell and transfer ArchCo’s entire Interest in the Company to Bluerock for the Put/Call Purchase Price thereof shall be expressly irrevocable and non-contingent.


More Definitions of Put Election

Put Election means, solely with respect to the Reorganization Transaction, no more than one (1) election by Macquarie on behalf of Macquarie Atlas Roads, no more than one (1) election by Macquarie on behalf of Macquarie Infrastructure Partners, Inc., and no more than one (1) election by Cintra, in each case prior to the Effective Date, to receive with respect to each such election, in lieu of the treatment afforded under Article III.B.7(b)(ii) of the Plan, in an amount equal to its Pro Rata share of $80,000,000 in the aggregate payable either in Cash (to the extent that the Debtors reasonably determine that Reorganized Holdings and/or the Reorganized Concessionaire shall have sufficient Cash to operate the Toll Road in a prudent manner based upon historical practices and otherwise in accordance with the Concession Agreement after making such payment) or, to the extent Cash is not available, such other form of consideration agreed upon by Statewide, the Debtors, and the Required Consenting Secured Parties. For the avoidance of doubt, Statewide shall receive its Pro Rata Share of the Statewide Interest Equity Distribution in respect of the portion of the $80,000,000 for which no election is made by(x) Macquarie on behalf of Macquarie Atlas Road and/or Macquarie Infrastructure Partners and/or (y) Cintra.
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Put Election has the meaning ascribed to such term in Section 8.4.
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Related to Put Election

  • LCT Election has the meaning assigned to such term in Section 1.06.

  • 10) Election has the meaning set forth in Section 6.05(a).

  • Mail ballot election means any election that is conducted under Title 13, chapter 19, by mailing

  • Payment Election means an election pursuant to Section 5.1.

  • LCA Election has the meaning specified in Section 1.09(a).

  • IDR Reset Election has the meaning given such term in Section 5.11(a).

  • Investment Election means an election, made in such form as the Administrative Committee may direct, pursuant to which a Participant may elect the Investment Funds in which the amounts credited to his Account will be deemed to be invested.

  • Section 336(e) Election has the meaning set forth in Section 7.06.

  • Primary election means any regular primary election held under the election

  • Exchange Election shall have the meaning specified in Section 14.12(a).

  • by-election means a trustee election to fill a vacancy on the Board in any of the circumstances described in section 36 of the School Act.

  • Interest Election Request means a request by the Borrower to convert or continue a Borrowing in accordance with Section 2.05.

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • Non-Election Shares shall have the meaning set forth in Section 3.2.1.

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • Stock Election shall have the meaning set forth in Section 3.2.2.

  • Regular primary election means the election on the fourth Tuesday of June of

  • Election Form means the form established from time to time by the Committee that a Participant completes, signs and returns to the Committee to make an election under the Plan.

  • Safe Harbor Election has the meaning set forth in Section 10.2(d).

  • Deferral Notice has the meaning set forth in Section 3(h) hereof.

  • Election cycle means the period beginning on the first day persons are eligible to

  • Other Benchmark Rate Election means, with respect to any Loan denominated in Dollars, if the then-current Benchmark is the LIBO Rate, the occurrence of:

  • Regular election means an election held on a regular election date to elect an individual to, or nominate an individual for, elective office in the regular course of the terms of that elective office.

  • Qualified Election means a Participant's waiver of a Qualified Joint and Survivor Annuity or a Qualified Pre-Retirement Survivor Annuity. Any such waiver must be consented to in writing by the Participant's Spouse. The Spouse's consent must: designate a specific Beneficiary (including any class of Beneficiaries or any contingent Beneficiaries, which may not be changed without spousal consent) or expressly permits designations by the Participant without any further spousal consent; acknowledge the effect of the election; and be witnessed by a member of the Committee or a Notary Public. Additionally, a Participant's waiver of the Qualified Joint and Survivor Annuity shall not be effective unless the election designates a form of benefit payment which may not be changed without spousal consent (or the Spouse expressly permits designations by the Participant without any further spousal consent). Notwithstanding this consent requirement, if the Participant establishes to the satisfaction of a member of the Committee that there is no Spouse or the Spouse cannot be located, a waiver will be deemed a Qualified Election. Any spousal consent (or deemed spousal consent) obtained under this provision will be valid only with respect to such Spouse. A consent that permits designations by the Participant without further consent by such Spouse must acknowledge that the Spouse has the right to limit consent to a specific Beneficiary and, where applicable, a specific form of benefit, and that the Spouse voluntarily elects to relinquish either or both of such rights. A revocation of a prior waiver may be made by a Participant without the consent of the Spouse at any time before the commencement of benefits. The number of revocations shall not be limited. No consent obtained under this provision shall be valid unless the Participant has received notice as provided in paragraph (b) below.

  • Form of Election has the meaning assigned in Section 3.3(b).

  • Deferral Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the amount of the Deferrals.