Put Option Closing definition

Examples of Put Option Closing in a sentence

• At any Put Option Closing, to the extent applicable, the Holder of the Put Shares will deliver the certificate or certificates evidencing the Put Shares being purchased, duly endorsed in blank.

• Notwithstanding the foregoing, if a Holder receives such notice of another Holder's exercise of such other Holder's Put Option, the Holder receiving such notice may elect to exercise its Put Option and designate a Put Option Closing simultaneous and pari passu with that of such other Holder.

• The closing for the purchase and sale of all or such portion of the Put Shares as to which the Holder has notified the Company of its intention to exercise the Put Option, will take place at the office of the Company on the date specified in such notice of exercise (a "Put Option Closing").

• Rice shall have the right, but not the obligation, if it does exercise its Put Option under this Article IV, to require each other Holder, on twenty (20) days prior written notice to such Holder, to exercise such Holder's Put Option on a pro rata basis, with respect to all of the shares of Put Shares then owned, directly or indirectly, by such Holder, on the same terms and at the same Put Option Closing to be set forth in such notice.

• Such option shall be exercised by such Holder giving notice to the Company and each other Holder during the Put Option Period of the Holder's election to exercise the Put Option, and the date of the Put Option Closing, which will be not less than fifteen (15) nor more than ninety (90) days after the date of such notice.