Second Put Right definition

Second Put Right has the meaning set forth in Section 4.03(c).
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Second Put Right has the meaning set forth in Section 2.1(b).
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Second Put Right has the meaning set forth in Section 5.6 of this Agreement.
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Examples of Second Put Right in a sentence

  • Upon receipt of such exercise notice, Holdings and the SOFTBANK Entities shall arrange a mutually agreed upon time and place in which to consummate the transactions contemplated by the Second Put Right, which in no event shall be more than ten (10) days from the date on the Second Put Exercise Notice is received.

  • In the event the Company declines to repurchase the outstanding Note subject to the First Put Right and/or Second Put Right, as applicable, the Note shall remain convertible pursuant to their terms at the option of the holders thereof.

  • Executive may exercise the Second Put Right by delivering to Parent at any time during the Second Put Period (1) a Put Notice, (2) the Certificates, duly endorsed for transfer in blank, and (3) a duly executed and undated Release.

  • To exercise the Second Put Right, each of the SOFTBANK Entities shall delivery one collective written notice of their intent to so exercise (the "Second Put Exercise Notice") so that it is received by Holdings during the Second Put Exercise Period.

  • If, following the valid exercise of the Second Put Right, Parent does not repurchase the Put Units due to the fact that Restrictions are applicable on the expected Put Closing Date, the Executive may elect in his sole discretion to withdraw the Put Notice exercising the Second Put Right at any time that the Restrictions remain applicable, and if Executive so elects, Parent shall promptly return to Executive the Certificates and the Release.

  • If, following the valid exercise of the Second Put Right, Parent does not repurchase the Put Units due to the fact that Restrictions remain applicable (A) through the remainder of the Extended Put Period or (B) on the expected Put Closing Date following the expiration of the Extended Put Period, then the Put Notice exercising the Second Put Right will be deemed withdrawn and Parent shall promptly return to Executive the Certificates and Release.

  • Subject to the terms and conditions hereof, upon exercise by the Company of the Second Put Right, the Company hereby agrees to issue and sell to the Purchaser, and the Purchaser hereby agrees to purchase from the Company, the Second Put Shares for an aggregate purchase price of five million dollars ($5,000,000).

  • Ascensus College Savings is part of Ascensus, Inc., the largest independent retirement and college savings services provider in the United States, helping over six million Americans save for the future.

  • In the event of the exercise and closing of the transactions contemplated by the Second Put Right, Holdings shall pay to each of the SOFTBANK Entities their pro rata share of the Series E Preferred based upon the total number of SOFTBANK Common Stock sold by such entity.

  • At any time during the calendar year 2001, subject to the terms of this Agreement, the Company shall have the option ("Second Put Right") to sell to the Purchaser, and cause the Purchaser to purchase, no less than all the Second Put Shares (as hereinafter defined).


More Definitions of Second Put Right

Second Put Right has the meaning ascribed to it in Section 5.02.
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Related to Second Put Right

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

  • 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.

  • Redemption Call Right has the meaning ascribed thereto in the Plan of Arrangement.

  • 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.

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

  • land tenure right means an old order right or a new order right as defined in section 1 of the Communal Land Rights Act, 2004 (Act No.11 of 2004);

  • Call Rights As defined in Section 9.01(f).

  • Repurchase Option has the meaning set forth in Section 1.3(a) hereto.

  • Cure Right shall have the meaning assigned to such term in Section 7.03.

  • 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.

  • Failed Remarketing Condition—Purchased VRDP Shares Redemption means redemption by the Corporation, at a redemption price equal to $100,000 per share plus accumulated but unpaid dividends thereon (whether or not earned or declared) to, but excluding, the date fixed by the Board of Directors for redemption, of shares of a Series of VRDP Shares that the Liquidity Provider shall have acquired pursuant to the Purchase Obligation and continued to be the beneficial owner of for federal income tax purposes for a continuous period of six (6) months during which such VRDP Shares are tendered for Remarketing on each Business Day in accordance with the Related Documents but cannot be successfully remarketed (i.e., a Failed Remarketing Condition-Purchased VRDP Shares shall have occurred and be continuing for such period of time with respect to such VRDP Shares), determined by the Corporation on a first-in, first-out basis, in accordance with and subject to the provisions of the Fee Agreement and these Articles Supplementary.

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

  • First Offer Period has the meaning set forth in Section 13.5.

  • Failed Remarketing Condition—Unpurchased VRDP Shares means that a Beneficial Owner (other than the Liquidity Provider or its affiliates) continues to hold VRDP Shares, that were subject to a valid Tender, after any Purchase Date as a result of the failure by the Liquidity Provider for any reason to purchase such VRDP Shares pursuant to the Purchase Obligation (whether as a result of an unsuccessful Remarketing or a Mandatory Purchase) ("Unpurchased VRDP Shares"), until such time as all Outstanding Unpurchased VRDP Shares are (i) successfully Remarketed, (ii) purchased by the Liquidity Provider pursuant to the Purchase Obligation, or (iii) if not successfully Remarketed or purchased by the Liquidity Provider pursuant to the Purchase Obligation, the subject of a validly tendered Notice of Revocation (or any combination of the foregoing); and any Unpurchased VRDP Shares shall be deemed tendered for Remarketing until the earliest to occur of the foregoing events (i), (ii) or (iii) with respect to such Unpurchased VRDP Shares.

  • Redemption Right has the meaning set forth in Section 11.01(a).

  • Right of Repurchase means the Company’s right of repurchase described in Section 7.

  • Liquidation Call Right has the meaning ascribed thereto in the Plan of Arrangement;

  • Call and Put Redemption Amount means GBP 1 per Preference Share.

  • First Refusal Right means the right granted to the Corporation in accordance with Article E.

  • Second Notice means notice to the Class in a form to be approved by the Court, which shall substantially be in accordance with the notice at Schedule “E”.

  • 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.

  • Initial Offer Period means the period determined by the Directors during which Shares of any class are offered by the ICAV for purchase or subscription at the Initial 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.

  • Failed Remarketing Condition—Purchased VRDP Shares means that the Liquidity Provider acquires and continues to be the beneficial owner for federal income tax purposes of any shares of a Series of VRDP Shares in connection with purchases made pursuant to the Purchase Obligation (whether as a result of an unsuccessful Remarketing or a Mandatory Purchase) on any Purchase Date, including shares of a Series of VRDP Shares that the Liquidity Provider continues to be the beneficial owner of for federal income tax purposes after the expiration or termination of the VRDP Shares Purchase Agreement.

  • ROFR means a right of first refusal to purchase or a right of first offer to purchase one or more of the Mortgaged Properties pursuant to a recorded instrument (or a memorandum thereof) encumbering the applicable Mortgaged Property.

  • Accelerated Purchase Share Amount means, with respect to an Accelerated Purchase made pursuant to Section 2(b) hereof, the number of Purchase Shares directed by the Company to be purchased by the Investor in an Accelerated Purchase Notice, which number of Purchase Shares shall not exceed the lesser of (i) 300% of the number of Purchase Shares directed by the Company to be purchased by the Investor pursuant to the corresponding Regular Purchase Notice for the corresponding Regular Purchase referred to in clause (i) of the second sentence of Section 2(b) hereof (subject to the Purchase Share limitations contained in Section 2(a) hereof) and (ii) an amount equal to (A) the Accelerated Purchase Share Percentage multiplied by (B) the total number (or volume) of shares of Common Stock traded on the Principal Market during the period on the applicable Accelerated Purchase Date beginning at the Accelerated Purchase Commencement Time for such Accelerated Purchase and ending at the Accelerated Purchase Termination Time for such Accelerated Purchase.