Common use of Put Purchase Price Clause in Contracts

Put Purchase Price. In the event Stockholder exercises the Put Right hereunder, the purchase price per share at which the Company shall be required to purchase the Put Shares (the “Put Purchase Price”) shall be equal to the Original Purchase Price of the Put Shares, plus any accrued but unpaid dividends on the Put Shares through the Put Right Closing Date. For purposes of this Agreement the term “Original Purchase Price” shall mean the purchase price actually paid by the Stockholder for the Put Shares, less any discounts or deductions, as set forth on Exhibit A hereto.