Option to Put Sample Clauses

An Option to Put clause grants one party the right, but not the obligation, to require another party to purchase a specified asset or interest at a predetermined price or under certain conditions. Typically, this clause is used in shareholder agreements or investment contracts, where an investor may have the right to sell their shares back to the company or other shareholders after a certain period or upon the occurrence of specific events. The core practical function of this clause is to provide the holder with a guaranteed exit strategy, thereby managing investment risk and offering flexibility in uncertain or changing circumstances.
Option to Put. In the event of termination of this Agreement by Provider pursuant to Section 7.2, 7.4, 7.5, 7.6 or 7.7 or by Customer pursuant to Section 7.7, 7.8 or 7.9, Customer shall have the right to put its interests under this Agreement in a continuing revenue stream to Provider ("Option to Put"), net of any amounts due and payable to Provider. In addition, Customer shall have the Option to Put its interests relating to either the commercial or residential End User base at any time without terminating this Agreement in relation to the other End User base. If Customer chooses to exercise its Option to Put under any of these circumstances (except for termination by Provider pursuant to Section 7.3 or 7.6), Customer shall be entitled to a Put Fee relating to its interests in the commercial and/or residential End User base(s), to be determined as follows: At the time that Customer exercises its Option to Put, Provider shall assign an Integrity Quotient ("IQ") to each of four (4) factors in connection with the commercial End User base based on the following matrix ("Matrix 1"): -------------------------------------------------------------------------------- Integrity Quotient 2 1 0 -1 TBD -------------------------------------------------------------------------------- Bad Debts <3% 3%-4% >4%-5% >5%-10% >10% -------------------------------------------------------------------------------- Revenue/End User >300 >$150-$300 >$100-$150 $25-S100 <$25 -------------------------------------------------------------------------------- Attrition <2% 2%-4% >4%-5% >5%-10% >10% -------------------------------------------------------------------------------- Gross Margin >25% >18%-25% >13%-18% 10%-13% <10% -------------------------------------------------------------------------------- and in connection with the residential End User base based on the following matrix ("Matrix 2"): -------------------------------------------------------------------------------- Integrity Quotient 2 1 0 -1 TBD -------------------------------------------------------------------------------- Bad Debts <3.5% 3.5%-5.0% >5.0%-6.5% >6.5%-10% >10% -------------------------------------------------------------------------------- Revenue/End User >$50 >$30-$50 >$15-$30 $12-$15 <$12 -------------------------------------------------------------------------------- Attrition <3% 3%-4% >4%-6% >6%-10% >10% -------------------------------------------------------------------------------- Gross Margin >25% >20%-25% >15%-20%...
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Option to Put. Upon the earlier to occur of (i) May 27, 2001 or (ii) a Change in Control (the "Earlier Time"), and, in the event of a Change in Control caused by the death or disability of Frank A. Lodzinski, through the 90th day after the Purchaser receive▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇f such Change in Control, and in all other events, until May 31, 2005, the Purchaser shall have the right to sell all or a portion of its Put Securities to the Company, and the Company shall be obligated to purchase such Put Securities, at a price per share determined in accordance with Section 9.3 below; PROVIDED, that all of the Purchaser's put rights under this Article 9 shall expire and terminate upon the consummation of a Qualified Public Offering or a Cash-Out Transaction.
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Option to Put. From and after the second anniversary of the Closing and until the earlier of the fifth anniversary of the Closing or the date any class of the securities of the Company become subject to the reporting requirements under the Exchange Act, the Purchaser shall have the right to sell all or a portion of its Put Securities to the Company, and the Company shall be obligated to purchase such Put Securities, at a price per share determined in accordance with Section 7.3 below.
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Option to Put 
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Related to Option to Put

  • Option to Purchase Subject to Section 3.5, the Receiver hereby grants to the Assuming Institution an exclusive option for the period of ninety (90) days commencing the day after Bank Closing to purchase any or all owned Bank Premises, including all Furniture, Fixtures and Equipment located on the Bank Premises. The Assuming Institution shall give written notice to the Receiver within the option period of its election to purchase or not to purchase any of the owned Bank Premises. Any purchase of such premises shall be effective as of the date of Bank Closing and such purchase shall be consummated as soon as practicable thereafter, and in no event later than the Settlement Date. If the Assuming Institution gives notice of its election not to purchase one or more of the owned Bank Premises within seven (7) days of Bank Closing, then, not withstanding any other provision of this Agreement to the contrary, the Assuming Institution shall not be liable for any of the costs or fees associated with appraisals for such Bank Premises and associated Fixtures, Furniture and Equipment.

  • Election to Purchase (To Be Executed Upon Exercise of Warrant)

  • Option to Expand On or before expiration of the sixth (6th) month of the term, Tenant shall be required to lease the remainder 3,942 square feet of Rentable Space on the third (3rd) floor, at the same rental rate then being paid for the initial Premises. In addition, Tenant will have the right to expand during the first 6 months by leasing the approximately 15,165 square feet of Rental Space on the fourth (4th) floor (the “4th Floor Space”) as identified on Exhibit “B-1” attached to this Lease and incorporated herein by reference at the same rental rate then being paid in the initial Premises; provided, however, Landlord will continue to keep the 4th Floor Space available for lease to Tenant for one additional period of three (3) months (a total of nine months following the commencement date), but if Tenant elects to lease the 4th Floor Space between the expiration of the sixth (6) month and commencement of the ninth (9th) month following commencement of the Lease, the rental rate shall be increased by twenty-five cents (.25¢) per square foot, and Tenant improvements dollars will decline on a pro rata basis based on the remaining length of the term. If the Tenant does not elect to lease the fourth (4th) floor space during the initial nine (9) months following commencement of the Lease, Tenant shall have the right of first refusal to lease the 4th Floor Space in the event that Landlord receives an offer to lease the space, and any such right of first refusal shall be on the exact terms received and approved by Landlord from a third party offering to lease the 4th Floor Space. Tenant shall have the option to lease at then current market rental rates any additional space which is available in 5,000 rsf increments consisting of the area which is available on the second (2nd) and fifth (5th) floors designated and referred to as the “Expansion Space”, at any time during the lease term (the “Effective Date”) and ending on the expiration of the Lease Term (unless sooner terminated pursuant to the terms of this Lease, and subject to any rights of extension contained in this Lease) by delivering written notice to Landlord, provided that at the time of such notice and on the Effective Date, no event of default, as defined in Paragraph 25 of this Lease, shall have occurred and remain uncured beyond any applicable cure period. Once Tenant shall exercise an expansion option, Tenant may not thereafter revoke such exercise. Tenant’s failure to timely exercise an expansion option for any reason whatsoever shall conclusively be deemed a waiver of such expansion option. Notwithstanding anything to the contrary contained herein, Tenant’s option shall be subject to a determination by Landlord, in Landlord’s discretion, that Tenant’s financial condition at the time it makes such election is sufficient to meet its financial obligation associated with the Offered Space.

  • Option to Build If the dates designated by Developer are not acceptable to Connecting Transmission Owner, the Connecting Transmission Owner shall so notify the Developer and NYISO within thirty (30) Calendar Days, and unless the Developer and Connecting Transmission Owner agree otherwise, Developer shall have the option to assume responsibility for the design, procurement and construction of Connecting Transmission Owner’s Attachment Facilities and Stand Alone System Upgrade Facilities on the dates specified in Article 5.1.2; provided that if an Attachment Facility or Stand Alone System Upgrade Facility is needed for more than one Developer’s project, Developer’s option to build such Facility shall be contingent on the agreement of all other affected Developers. NYISO, Connecting Transmission Owner and Developer must agree as to what constitutes Stand Alone System Upgrade Facilities and identify such Stand Alone System Upgrade Facilities in Appendix A hereto. Except for Stand Alone System Upgrade Facilities, Developer shall have no right to construct System Upgrade Facilities under this option.

  • Option to Lease The Receiver hereby grants to the Assuming Institution an exclusive option for the period of ninety (90) days commencing the day after Bank Closing to cause the Receiver to assign to the Assuming Institution any or all leases for leased Bank Premises, if any, which have been continuously occupied by the Assuming Institution from Bank Closing to the date it elects to accept an assignment of the leases with respect thereto to the extent such leases can be assigned; provided, that the exercise of this option with respect to any lease must be as to all premises or other property subject to the lease. If an assignment cannot be made of any such leases, the Receiver may, in its discretion, enter into subleases with the Assuming Institution containing the same terms and conditions provided under such existing leases for such leased Bank Premises or other property. The Assuming Institution shall give notice to the Receiver within the option period of its election to accept or not to accept an assignment of any or all leases (or enter into subleases or new leases in lieu thereof). The Assuming Institution agrees to assume all leases assigned (or enter into subleases or new leases in lieu thereof) pursuant to this Section 4.6. If the Assuming Institution gives notice of its election not to accept an assignment of a lease for one or more of the leased Bank Premises within seven (7) days of Bank Closing, then, not withstanding any other provision of this Agreement to the contrary, the Assuming Institution shall not be liable for any of the costs or fees associated with appraisals for the Fixtures, Furniture and Equipment located on such leased Bank Premises.