Examples of Put Holder in a sentence
Each of the Put Holder and the Call Holder shall use their reasonable best efforts to take, or cause to be taken, all appropriate action, do or be done all things necessary, proper or advisable under applicable law, and execute and deliver such documents and other papers, as may be required to consummate the transactions contemplated by this Agreement and the Pledge Agreement as promptly as practicable after the date hereof.
Such Achari Put Holder acknowledges that the Company may disclose information required pursuant to the Commission’s Compliance and Disclosure Interpretation 166.01 under Tender Offers and Schedules in connection with the transactions contemplated by this Agreement.
On the Put Closing Date (i) each Put Holder exercising a Put Option shall sell to the Put Buyer and the Put Buyer shall purchase from such Put Holder the Units set forth in the applicable Put Notice free and clear of all liens, and (ii) the Put Buyer shall pay to such Put Holder the aggregate Put Price for such Units by wire transfer of immediately available funds to the accounts or accounts designated by such Put Holder.
This Agreement (and any agreements entered into by the Call Holder and Put Holder pursuant to Article IV) constitutes the entire agreement between the Call Holder and the Put Holder with respect to the subject matter hereof and supersedes all prior agreements and understandings, both written and oral, between the Call Holder and the Put Holder with respect to the subject matter hereof.
The Company and the Achari Put Holders shall each promptly notify the other of the occurrence of any event that would make any of the representations and warranties of the Company or an Achari Put Holder, as set forth in Section 2 and Section 3 of this Agreement, as applicable, untrue or incorrect at any time between the date of this Agreement and the Termination Date (as defined below).
Subject to the exercise of the Put Holder's Warrants pursuant to Section 2.01 hereof, the Call Holder hereby grants to the Put Holder the right, and not the obligation, to require the Call Holder to purchase the Shares upon the terms and conditions set forth in this Article III (the "Share Put Option").
The Put Holder, acting through DB Advisors, shall exercise all 263,303,304 of its Warrants on the date hereof upon the execution of this Agreement by the Call Holder, the execution of the Pledge Agreement by Prime and receipt of a legal opinion reasonably acceptable to the Put Holder that the Pledge Agreement is a legal, valid and binding obligation of Prime under Indian law.
Upon receipt of the Achari Put Shares, the Company shall deliver the Put Exercise Price to the DTC account of the Achari Put Holder listed below, or another banking institution designated by such Achari Put Holder in writing to the Company, each in accordance with the terms of the Put Option Agreement.
Upon receipt of a Call Election Notice, the Seller Representative shall promptly notify each Put Holder that the Buyer has exercised the Call Right.
Each of the Put Holders shall have the right (but not the obligation) to sell to Revision, and Revision shall be obligated to purchase from each such Put Holder, up to an aggregate of 1,103,817 shares of Common Stock (the "Securities") at a purchase price of $16 per share.