Put Option Exercise Price definition
Examples of Put Option Exercise Price in a sentence
Subject to Clauses 23.4.2 and 23.4.3 below, the Put Option Exercise Price and the Call Option Exercise Price will be the product of: the Fair Market Value multiplied by the percentage to the total number of shares in the issued share capital of AsiaSat which the Put Option Shares or the Call Option Shares (respectively) represent, subject to any Minimum Price applicable on the Put Option Notice Date or Call Option Notice Date (as the case may be).
Party A hereby agrees that upon receipt of such Party B Response from the Indenture Trustee certifying that the related Put Option Exercise Price or Minimum Purchase Price, as the case may be, has been deposited in the Collection Account, Party A shall immediately designate the Redemption Date as an Early Termination Date.
Such Party B Response shall be delivered on or before the related Redemption Date (as defined in the Indenture) and shall certify that the related Put Option Exercise Price or Minimum Purchase Price (as either is defined in the Sale and Servicing Agreement), as the case may be, has been deposited into the appropriate Trust Account (as defined in the Indenture).
The Put Notice shall specify (i) the number of Merger Shares to be sold and purchased pursuant to the Put Option (the “Put Shares”), which shall not exceed a number equal to $2,000,000 divided by the Put Option Exercise Price, and (ii) the date for the closing of the purchase and sale of the Put Shares (the “Put Closing”), which shall be not less than thirty (30) days or more than forty-five (45) days after the date of delivery of the Put Notice.
The aggregate purchase price with respect to all the shares of BCP Common Stock and PSIM Common Stock being purchased shall be equal to the Put Option Exercise Price (as defined in Section 2.4).