Obligations of Shareholders. If for any reason the Company is unable to consummate the purchase of the Put Shares as contemplated by Section 1.4.3 upon the exercise of the Annual Put Right or a Put Default within thirty (30) calendar days after the delivery by UWG of the Annual Put Notice or the Put Default Notice (as defined below), as applicable, including, without limitation, because such purchase would cause a GECC Default, then the obligation to purchase the Put Shares shall be the joint and several obligation of the Shareholders.
Appears in 2 contracts
Sources: Shareholders Agreement, Shareholders Agreement (Unified Western Grocers Inc)