Examples of Put Option Shares in a sentence
Subject to Clauses 23.4.2 and 23.4.3 below, the Put Option Exercise Price and the Call Option Exercise Price will be the product of: the Fair Market Value multiplied by the percentage to the total number of shares in the issued share capital of AsiaSat which the Put Option Shares or the Call Option Shares (respectively) represent, subject to any Minimum Price applicable on the Put Option Notice Date or Call Option Notice Date (as the case may be).
The Conversion Shares shall have been duly authorized and reserved for issuance by the Company and the Put Option Shares shall have been duly authorized and reserved for issuance by Axys.
Axys has all requisite corporate power and authority to own and operate its properties and assets, to execute and deliver this Agreement, to issue and sell the Put Option and Put Option Shares, to carry out the provisions of this Agreement relating to it as Put Grantor and to carry on its business as presently conducted and as presently proposed to be conducted.
As consideration for the Debtors’ right to call the Backstop Parties’ Backstop Commitments, on the Effective Date, the Equity Put Option Shares and the Notes Put Option Shares shall be distributed to the Non-Defaulting Backstop Parties under and as set forth in the Backstop Purchase Agreement.
Purchaser understands that the Company has no present intention of registering the Shares, the Conversion Shares, or any shares of its Common Stock and that Axys has no present intention of registering the Put Option and only intends to register the Put Option Shares pursuant to the terms and provisions of the Registration Rights Agreement.