Second Put Option definition

Second Put Option shall have the meaning set forth in Section 2.04(a).
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Second Put Option has the meaning assigned to it in Section 3.1 of this Put Option Agreement.
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Second Put Option means the option granted by the Optionee to the Grantors in Clause 3.1;
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Examples of Second Put Option in a sentence

  • A First Put Option Notice, a Call Option Notice or a Second Put Option (each a “Relevant Notice”) given under this Deed shall only be effective if it is given in writing in the form provided in Schedule 1.

  • If the H&Q Parties elect to exercise the Second Put Option with respect to less than all of the Common Shares and Warrants that are subject to the Second Put Option, each Buyer will purchase its pro rata share of the reduced number of Covered Securities with respect to which the Second Put Option is exercised.

  • If Sellers at any time believe that the Second Put Option Condition has been satisfied and Sellers’ Representative has not received a Second Put Option Notice, the Sellers’ Representative shall deliver a notice of such achievement to Purchaser no later than thirty (30) days after the expiration of the Second Put Option Period (the “Second Put Option Dispute Notice,” and together with any Pre-Closing Milestone Dispute Notice and any Post-Closing Milestone Dispute Notice, a “Dispute Notice”).

  • The Purchase Election Notice shall set forth the Initial Purchase Price (as set forth in the Second Put Option Notice) and the proposed closing date of the Acquisition (which shall be the Business Day immediately following the expiration of the Second Put Option Review Period), in each case, subject to the dispute resolution procedures set forth in Section 1.11.

  • Purchaser, on the one hand, and the Sellers’ Representative, on the other, shall attempt in good faith to resolve within fifteen (15) days of the receipt by Purchaser of the Second Put Option Dispute Notice whether the Second Put Option Condition has been satisfied.

  • In the event that none of the events described in clause (A),(B),(C), or (D) have occurred, the closing of the Acquisition shall be consummated on the later of (x) the Business Day immediately following expiration of the Second Put Option Review Period in accordance with the terms herein and (y) the Business Day immediately following the final determination of the Initial Purchase Price pursuant to Section 1.11.

  • In the event that Purchaser delivers a Second Put Option Rescission Notice to the Sellers’ Representative within the Second Put Option Review Period, Purchaser shall not be obligated to consummate the Acquisition and Purchaser shall be entitled, at its sole option, to terminate this Agreement in accordance with Section 8 herein.

  • Along with the Second Put Option Notice delivered by the Sellers’ Representative to Purchaser, the Sellers’ Representative shall deliver to Purchaser an Updated Seller Parties Disclosure Schedule.

  • In the event Purchaser has underreported Net Sales, Sellers shall be entitled to use the post-audit calculations for purposes of determining whether Sellers are entitled to receive a Milestone Payment or exercise their Put Option or Second Put Option under this Agreement, in each case, subject to the dispute resolution procedures set forth in Section 1.11.

  • Purchaser shall have delivered a Purchase Election Notice to the Acquired Company or the Sellers’ Representative shall have delivered a Milestone Completion Notice or Second Put Option Notice to Purchaser.


More Definitions of Second Put Option

Second Put Option is defined in Section 7(a).
Sample 1
Second Put Option means the second put option as that terms is defined in the Sale of Shares Agreement.
Sample 1
Second Put Option means the right of the Company to issue and sell Common Shares to the Buyer in accordance with and subject to Section 5.1(b) of this Agreement.
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Second Put Option has the meaning given to such term in clause 2.2.2; and
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Second Put Option the option granted by the Company to Shore Capital pursuant
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Second Put Option has the meaning given to such term in the Stockholders Agreement.
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Related to Second Put Option

  • Put Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and tender of the specified underlying Securities, to sell such Securities to the writer thereof for the exercise price.

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • Put Right has the meaning set forth in Section 8.05(a).

  • Call Option Date As defined in Section 10.01(a) hereof.

  • Purchase Option Period As defined in Section 9.03(a) hereof.

  • Call and Put Period means the period commencing on and including the Issue Date to and including the day after 24 June 2021 or, if such date is not a Business Day, the next following Business Day.

  • Option Period means the period during which an Option may be exercised.

  • Put Option Event means a Change of Control Event.

  • Put Option Agreement has the meaning set forth in the recitals.

  • Second Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • Call Right The right of the holder thereof (or any successor), as named in the applicable Supplement, to purchase Certificates from the Holders thereof or to purchase Underlying Securities from the Trust.

  • Option Closing Purchase Price shall have the meaning ascribed to such term in Section 2.2(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Over-Allotment Option means the option of the Underwriters to purchase up to an additional 15 per cent of the firm units (as described in the Articles) issued in the IPO at a price equal to US$10 per unit, less underwriting discounts and commissions.

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • First Extension Option shall have the meaning set forth in Section 2.2.1(b) hereof.

  • Put Option Notice means a notice which must be delivered to a Paying Agent by any Noteholder wanting to exercise a right to redeem a Note at the option of the Noteholder;

  • Option Closing means the closing of the purchase and sale of the Option Shares pursuant to Section 2.2.

  • Covered Call Option means an exchange traded option entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities (excluding Futures Contracts) which are owned by the writer thereof and subject to appropriate restrictions.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Option Closing Date shall have the meaning ascribed to such term in Section 2.2(c).

  • Option Units means the Common Units that the Partnership will agree to issue upon an exercise of the Over-Allotment Option.

  • Option Closing Time means 8:00 a.m. (Toronto time) on any Option Closing Date or such other time on any Option Closing Date as the Company and the Underwriters may agree;

  • Initial Optional Purchase Date The first Distribution Date following the date on which the Aggregate Loan Balance is less than 10.00% of the Cut-off Date Balance.

  • Subscription Term means the initial subscription term and if applicable any renewal subscription term of a Cloud Service identified in the Order Form.

  • Retraction Call Right has the meaning ascribed thereto in the Exchangeable Share Provisions;