Examples of Put Offer in a sentence
The Company will have the right to accept the Put Offer by providing all Investors with an irrevocable written notice of acceptance (the “Acceptance Notice”), along with a copy of the Put Notice, within ten Business Days following receipt of the Put Notice.
Within 15 Business Days of any Put Notice being given (the “Put Offer Period”), Syntel shall have the option to accept the Put Offer to Sell by giving notice of such acceptance to State Street.
In the event that the Company shall be required to commence a Put Offer, the Company shall follow the procedures specified in this Section 7.2.
If Syntel elects to exercise its right to accept the Put Offer to Sell, Syntel shall purchase, and State Street shall sell, the number of Shares of the Company owned by State Street as specified in the Put Notice at the Transfer Value of such Shares and the transaction of purchase and sale shall be completed within 30 Business Days of the expiry of the Put Offer Period, subject to receipt of requisite governmental or regulatory approvals.
If the Company has accepted the Put Offer, the consummation of the Transfer of the Put Shares contemplated by the Put Offer (the “Put Closing”) will occur within 30 days following the later of (x) the determination of the Put Price pursuant to the mutually agreement of the parties or (y) if an Appraiser is utilized pursuant to Section 7.1(d), the date of delivery of the Appraiser’s Report.
If the Company does not accept the Put Offer within ten Business Days following receipt of the Put Notice (the “Expiration Date”), the Company will be deemed to have waived any and all rights under this Section 7.1 with respect to the Put Offer, and the provisions of Section 7.2 will control at all times following the Anniversary Date.
Notwithstanding anything else to the contrary in the Certificate of Designations, in connection with any Sale of the Business (as defined in the Certificate of Designations) that requires Special Board Approval or is otherwise approved by at least one director designated by the Investcorp Investors, the Investcorp Investors agree that they cannot exercise the Put Offer rights under Article 7 of the Certificate of Designations.
The Put Notice will identify the aggregate number of Put Shares proposed to be purchased by the Company, the Put Price and any other material terms and conditions of the Put Offer, and, if accepted, will be binding upon all Investors.
Notwithstanding any other provisions of this Company Notice, the Indenture or the Notes, we will not accept for payment or pay for any Notes tendered pursuant to the Put Offer if the Company does not satisfy the Closing Condition.
If Merchant makes a timely objection to the Put Offer Price, then it shall negotiate in good faith with the Clarks regarding the price at which Merchant will purchase the Put Shares, and the closing of the sale of the Put Shares shall be held five business days following the agreement of the parties regarding the purchase price therefor.