Examples of Put Option 2 in a sentence
Critique: These are more costly systems than loop detector techniques and also require high maintenance cost, which makes it prohibitive to deploy these in India.
Except as provided in Section 2.2(e)(iii)(B), (A) if the Seller makes a Put Option 1 Election, then the Seller cannot make a Put Option 2 Election, and (B) if the Seller makes a Put Option 2 Election, then the Seller cannot make a Put Option 1 Election.
Further, Paragraph 6.3. of the Share Purchase Agreement provides that the transfer of any Put Option 2 Shares to DT from the HR shall require the entering into a separate written agreement, substantially in the form of the Share Purchase Agreement, with such adjustments as the Parties will deem necessary in view of the prevailing circumstances.
The Put Option 2 becomes exercisable at the Put Option 2 Price by HR irrevocably giving Notice (the "Put Option 2 Exercise Notice") to DT of its intent to exercise the Put Option 2, specifying therein the exact number of the Put Option 2 Shares and the date for the transfer thereof, which shall be the third (3rd) Business Day after the expiration of one month from receipt by DT of the Put Option 2 Exercise Notice, namely the 11th of July, 2011 (the "Put Option 2 Date").
If the value of the Put Shares delivered to the Investor causes the Company to exceed the Maximum Commitment Amount, then the Investor shall return to the Company the surplus amount of Put Shares associated with such Option 1 Put, Option 2 Put or Option 3 Put, and such applicable purchase Price shall be reduced by any Clearing Costs related to the return of such Put Shares.
Conclusion The Company concluded that Put Option 2 is clearly and closely related to the debt host and not accounted for separately under SFAS 133.
As a result of the potential obligation under Put Option 2, the Company recognized a note payable for the potential $3.5 million payment to RTEC on a discounted basis during the year ended January 31, 2023 (see Note 8(b)).
Discussion or correspondence has been had with the applicant and he is aware that right now this is a business of one.
The Parties agree that Completion shall take place on the Put Option 2 Date (the "Completion Date").
The Sublease contemplates three scenarios for plant ownership in 2019: 1) a transfer of ownership to SDG&E via the Put Option; 2) a transfer of ownership to SDG&E via the Call Option; and 3) Calpine and its subsidiary OMEC LLC retain ownership of the plant.32 The Sublease demonstrates that Calpine contemplated and proactively planned for a scenario where SDG&E does not purchase the plant via the Put or Call Option in 2019.30 2007 PPA.31 2007 PPA, Sect.