Examples of Put Option Completion Date in a sentence
The consideration for the Put Shareholder Instruments acquired pursuant to the Put Option shall be equal to an amount which would result in a net internal rate of return of 10% per annum for the Purchaser on its investment in the Target Group up to and including the Put Option Completion Date.
Put Option Completion shall occur on the Put Option Completion Date.
In the event the Company fails to (x) procure the payment of Mandatory Put Option Price to Investor, or (y) complete the purchase of the Subscription Shares by the Company, on the Mandatory Put Option Completion Date, Investor shall have the recourse as set out in clause 11 below.
If Investor does not serve any written notice to the Company for such purpose before 26 June 2023, then the Mandatory Put Option Completion Date shall be on 26 July 2023.
As the actual monetary value of the exercise price for the Put Option is to be determined based on a net internal rate of return of 10% per annum for the Purchaser on its total investment in the Target Group up to and including the Put Option Completion Date (and as further described in the section headed “Letter from the Board - 4.
Purchaser shall be deemed the owner of the applicable Company Shares from and after the Put Option Completion Date, subject to payment of the Exercise Price, with all rights attaching thereto, including all dividends declared, paid or made after the Put Option Completion Date.
Notices shall oblige the relevant Preferred Shareholder(s) to sell, and each of the Original Shareholders to purchase the Put Option Shares on the Put Option Completion Date.
All registration duties (droits d’enregistrement) in relation to the transfer of the Company Shares shall be borne by Purchaser and paid within thirty (30) days from the Put Option Completion Date.
No later than the Put Option Completion Date, Beneficiary shall deliver to Purchaser such documents and take any such actions as may be required to duly evidence the valid transfer of title to the applicable Company Shares, free and clear of any Security Interest with effect on the Put Option Completion Date.
Purchaser’s delivery to the Company of a copy of the Put Option Exercise Notice, together with written evidence that the Exercise Price indicated in the Put Option Exercise Notice has been paid to the Beneficiary’s bank account, shall be deemed to constitute a notification by the Parties of the Put Option Completion Date within the meaning of Article R.