Examples of Put Feature in a sentence
The Stock Option Agreement had a number of unusual and potentially "draconian"[19] provisions, including the Note Feature and the Put Feature.
As discussed previously, the Stock Option Agreement contained several "draconian" aspects, including the Note Feature and the Put Feature.
Having weighed up the social, environmental and economic impacts of the proposal, it would represent a sustainable development.
In the case of a series or class of Notes that has been accelerated following an Event of Default, if the Put Feature of such series or class of Notes has been deemed to be exercised as provided in the related Indenture Supplement, the Indenture Trustee will sell Principal Receivables and the related Non-Principal Receivables (or interests therein) as provided in such Indenture Supplement.
If the Put Feature described in the section below is exercised by the Holder, and the Company does not pay the full redemption price when due, then the conversion price shall be reset to equal the lesser of (i) the Initial Conversion Price, or (ii) 85% of the average closing bid price for the 45 trading days prior to conversion.
No LYONs may be purchased if there has occurred and is continuing an Event of Default.Because of the Company's need to utilize cash for planned capital expenditures, unless the Offering is completed successfully, the Company expects to pay for any LYONs delivered to it pursuant to the Put Feature by issuing Common Stock.
See "Use of Proceeds." The Company is unable to predict how many LYONs it may be required to purchase pursuant to the Put Feature.
Exercise of Put Feature; Sale of Receivables for Accelerated Notes...........................17 Section 3.16.
The EFI Option has a put feature (the "Put Feature") that requires Printcafe to redeem the option shares at the aggregate price paid for the shares by EFI, upon the occurrence of certain events.
If the Company were required to purchase all of the LYONs on June 14, 1994 pursuant to the Put Feature, assuming a market price of the Common Stock of $11 3/8 (the closing price on the New York Stock Exchange on April 15, 1994), the Company would issue approximately 4.4 million shares of Common Stock, representing approximately 9.8% of the Company's Common Stock outstanding after such issuance.