Common use of The Put Option Clause in Contracts

The Put Option. 11.1.1 In consideration of HTH Limited entering into this Agreement, the Council grants the Put Option to HTH Limited. 11.1.2 The Put Option confers the right on HTH Limited at any time during the Put Option Period, but only following the occurrence of a Trigger Event, to require the Council to buy ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ from HTH Limited on the terms of this clause. 11.1.3 The Put Option may only be exercised after HTH Limited has purchased ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ pursuant to the Option.

The Put Option. 11.1.1 In consideration of HTH Limited entering into this Agreement, the Council grants the Put Option to HTH Limited. 11.1.2 The Put Option confers the right on HTH Limited at any time during the Put Option Period, but only following the occurrence of a Trigger Event, to require the Council to buy ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ 14 Brand Street from HTH Limited on the terms of this clause. 11.1.3 The Put Option may only be exercised after HTH Limited has purchased ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ 14 Brand Street pursuant to the Option.