Common use of Put Exercise Period Clause in Contracts

Put Exercise Period. The Put Right may not be exercised until after December 31, 2002 and then may only be exercised by written notice given to NNBR (the "Put Notice"). The Put Notice shall state the place, the time and the date (a "Put Closing Date") of the closing of such purchase (a "Put Closing"), which date shall not be less than 60 days from the date the Put Notice is received.