Examples of Unwind Option in a sentence
By Name Title [Date] The Tensar Corporation, LLC 5000 Xxxxxxxxx Xxxxx, Xxxxx 000 Xxxxxxx, XX 00000 Re: Put Option Letter — Illegality Unwind Option Notice — Lease Financing and Purchase Option Agreement, dated October ___, 2005, among The Tensar Corporation, LLC, TCO Funding Corp., Tensar Holdings, Inc.
We hereby covenant and agree to complete and convey an acknowledgment in substantially the form set out in Schedule 2 hereto to you (i) immediately, in the case of our receipt of an Illegality Unwind Option Notice, and (ii) on the relevant exercise price payment date, in the case of our receipt of any of the other option exercise notices hereunder.
If any such Environmental Audit indicates any exceptions, the Lessee shall have also delivered prior to the date of exercise of the Unwind Option, a Phase Two environmental assessment prepared in accordance with the requirements of Section 18.3(c) hereof.
From the Closing until the Unwind Option Expiration Date, each party hereto shall, if notice of exercise of the Unwind Option has been given under Article X use reasonable best efforts to take such actions as are necessary to expeditiously effectuate the Unwind Option and Holdings shall bear the costs associated with any Permits or other actions required under Healthcare Laws in connection with the Unwind Option.
We hereby covenant and agree to complete and convey an acknowledgment in substantially the form set out in Schedule 7 hereto to you immediately upon receipt of a Default Option Notice, an Asset Sales Option Notice, an Equity Issuance Option Notice, a Financing Obligation Option Notice, an ECF Option Notice, or an Illegality Unwind Option Notice, provided that the failure to complete and convey such acknowledgment shall not affect our obligations hereunder.
From the Closing Date until the Unwind Option Expiration Date, the board of directors of the Company shall consist of one director, who will be an individual designated by Company Parent.
The remaining terms of the Unwind Option shall be based on this Agreement and the applicable Ancillary Documents, mutatis mutandis, and shall be negotiated in good faith by Holdings and Company Parent after notice of an Unwind Option is given by Company Parent.
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 Illegality Unwind Option may be exercised by TCO.
If Pipeline exercises the Unwind Option set forth in the Purchase Agreement, this Agreement shall be null and void as of the Effective Date, and Redwood and Processing agree to be bound by the provisions of Article I, Section 3 of the Purchase Agreement.
The Unwind Option may be exercised by Company Parent by giving notice to Holdings not less than 30 days prior to a closing date for the Unwind Option specified therein.