Common use of Exercise of Put Right Clause in Contracts

Exercise of Put Right. (i) The Shareholder shall exercise its Put Right by giving written notice of its exercise of the Put Right to the Shareholder (“Put Exercise Notice”), in accordance with the provisions of Section 7 hereof. (ii) Upon exercise of the Put Right, and delivery by the Company to the Shareholder of the Redemption Price in full for the Shares, the Shareholder shall no longer be deemed to be the owner of such Shares.