Put Option Notice Clause Samples
A Put Option Notice clause defines the process by which a party can formally notify the other party of its intention to exercise a put option, typically the right to sell a specified asset or interest back to the other party under agreed terms. This clause usually outlines the required format, timing, and method of delivering the notice, such as providing written notice within a certain period before the option's expiration. Its core practical function is to ensure clear communication and procedural certainty, thereby reducing disputes about whether and how the put option has been validly exercised.
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Put Option Notice. We refer to the Put and Call Agreement (the “Put and Call Agreement”) dated April ___, 2009 and made between you and the undersigned. Terms defined in the Put and Call Agreement shall bear the same meaning when used herein. We hereby confirm that we wish to exercise the option granted under Section 2 of the Put and Call Agreement and accordingly the Put Option is hereby exercised with respect to ________ Shares. The Closing Date shall be [•][date must be at least two weeks after the date the Company receives the Put Option Notice]. This put option notice is irrevocable and is governed by, and shall be construed in accordance with the laws of the State of New York. By: Name: Title: To: [SELLER] Attention: [•] [Date] Ladies and Gentlemen,
Put Option Notice. GE Equity may deliver to Able Star a notice (a “Put Option Notice”) at any time during the period which is within 30 days of GE Equity first becoming aware of, or the occurrence of (whichever is later), one of the following events (a “Put Option Event”):
Put Option Notice. We refer to the Put and Call Option Agreement (the “Put and Call Option Agreement”) dated December 10, 2008 and made between you and the undersigned. Terms defined in the Put and Call Option Agreement shall bear the same meaning when used herein. We hereby confirm that we wish to exercise the option granted under Section 3 of the Put and Call Option Agreement and accordingly the Put Option is hereby exercised with respect to ________ Shares. The Closing Date shall be [•]. This put option notice is irrevocable and is governed by, and shall be construed in accordance with the laws of the State of New York. Yours faithfully VICTORY PARK CAPITAL ADVISORS, LLC By: Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Title: General Counsel VICTORY PARK CREDIT OPPORTUNITIES MASTER FUND, LTD. By: Victory Park Capital Advisors, LLC, its investment manager By: Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Title: General Counsel VICTORY PARK SPECIAL SITUATIONS MASTER FUND, LTD. By: Victory Park Capital Advisors, LLC, its investment manager By: Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Title: General Counsel To: VICTORY PARK CAPITAL ADVISORS, LLC [•] Attention: [•] [Date] Ladies and Gentlemen,
Put Option Notice. We refer to the Put and Call Agreement (the “Put and Call Agreement”) dated April , 2009 and made between you and the undersigned. Terms defined in the Put and Call Agreement shall bear the same meaning when used herein.
Put Option Notice. Subject to the terms of this Clause 7B, on or after the respective date set out in Clause 7B.1, Swisslog may exercise the Put Option in relation to the respective Tranche by giving a notice in writing to Otsaw of its exercise of the Put Option (the “Put Option Notice”).
Put Option Notice. We refer to the Put and Call Option Agreement (the “Put and Call Option Agreement”) dated December 10, 2008 and made between you and the undersigned. Terms defined in the Put and Call Option Agreement shall bear the same meaning when used herein. We hereby confirm that we wish to exercise the option granted under Section 3 of the Put and Call Option Agreement and accordingly the Put Option is hereby exercised with respect to ________ Shares. The Closing Date shall be [•]. This put option notice is irrevocable and is governed by, and shall be construed in accordance with the laws of the State of New York. Yours faithfully VICTORY PARK CAPITAL ADVISORS, LLC By: Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Title: General Counsel VICTORY PARK CREDIT OPPORTUNITIES MASTER FUND, LTD. By: Victory Park Capital Advisors, LLC, its investment manager By: Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Title: General Counsel
Put Option Notice. In order to exercise the Put Option, the Investor shall provide written notice to the Company of such election (the “Put Option Notice”). The Put Option Notice shall include the number of Shares that the Investor is electing to have the Company repurchase under the Put Option. The Investor may only provide one Put Option Notice to the Company per calendar year.
Put Option Notice. We refer to the Put and Call Option Agreement (the “Put and Call Option Agreement”) dated December 10, 2008 and made between you and the undersigned. Terms defined in the Put and Call Option Agreement shall bear the same meaning when used herein. We hereby confirm that we wish to exercise the option granted under Section 3 of the Put and Call Option Agreement and accordingly the Put Option is hereby exercised with respect to ________ Shares. The Closing Date shall be [•]. This put option notice is irrevocable and is governed by, and shall be construed in accordance with the laws of the State of New York. YA GLOBAL INVESTMENTS, L.P. BY: YA GLOBAL ADVISORS, LLC Its: Investment Manager By: Name: Title: To: YA GLOBAL INVESTMENTS, L.P. BY: YA GLOBAL ADVISORS, LLC Its: Investment Manager [•] Attention: [•] [Date] Ladies and Gentlemen,
Put Option Notice. Each time the Founders elect to exercise a Founders Put Option, the Founders shall deliver not less than thirty (30) days prior to the applicable Anniversary Date of the IPO a written notice (each a "PUT OPTION NOTICE") to DPI. Such Put Option Notice shall be signed by each of the Founders and shall state the numbers of Option Shares that each Founder will be exchanging and the aggregate number of such Option Shares, which aggregate number may not exceed the applicable threshold as set forth in subsections 2.1(a)-2.1(d) above.
Put Option Notice. As defined in Section 2 (a).