Examples of Put Option Letter in a sentence
If the affected party determines in good faith that it is unable, within any period which the relevant introduction, variation or change may allow, to avoid the effects of the same, then the Put Option may be exercised by Arabica in accordance with Section 2 of the Put Option Letter.
Seller shall have exercised the French Put Option pursuant to the terms of the French Put Option Letter.
Arabica and the Company agree to cooperate in good faith and to execute and deliver such documents and further assurances consistent with and in clarification of the characterization and intent of the parties with respect to this Agreement, the Supplemental Agreement, the Put Option Letter and the Call Option Letter.
In fulfilling any of its obligations or exercising any of its rights under this Agreement, the Supplemental Agreement, the Put Option Letter, the Call Option Letter or any agreement entered into in connection herewith, Arabica may designate and utilize an agent, nominee or representative, which shall, unless otherwise indicated by Arabica, have right and authority to act on behalf of Arabica.
Upon the occurrence of any event specified in Sections 1, 2, 3, 4, 5, 6 or 7 of the Put Option Letter, Arabica may exercise the Put Option and require the Company to purchase, and upon such exercise the Company shall be obligated to purchase and pay for, Assets in accordance with the terms of the Put Option Letter.
The provisions of Clauses 1.2, 12 to 17 and 19 to 27 of the SPA shall be incorporated in this Put Option Letter as if set out herein and shall apply mutatis mutandis as if references in those provisions to the “Agreement”, “Parties” or the “date hereof” (or similar expressions) were respectively to this Put Option Letter, the parties hereto and the Put Option Date.
Accordingly, and notwithstanding any other provisions of this agreement, this agreement shall not constitute a binding agreement to sell the Dutch Put Option Equity Interests but only an undertaking by the Parties to procure the execution of the Dutch Put Option Letter and in accordance with its terms, among others, the initiation and conduct of the Dutch Works Council Process and the SER Merger Process.
Any termination of the Put Option Letter pursuant to this Clause 11(c) shall be without prejudice to all other rights and remedies available to the Beneficiaries or the Purchasers, as the case may be, including the right to claim for damages under this Put Option Agreement.
In particular, the Purchaser has all requisite power and authority to enter into and perform this Put Option Letter and any other documents to be executed in connection herewith in accordance with their respective terms.
We hereby exercise the Asset Sales Option pursuant to the Put Option Letter and sell to you on [state the applicable sale date] [all of the Leased Assets for an amount equal to the Acquisition Cost] [a portion (expressed as an undivided interest) of the Leased Assets in an amount equal to U.S. $ ].