Exercise of First Option. Tenant may only exercise its First Option by written notice to Landlord served upon Landlord during the time period between twelve (12) months and six (6) months prior to the end of the original Term. Once such notice is served, the Term of the Lease shall automatically be modified so that the Term of the Lease shall end at 11:59 p.m. on the last day of the calendar month in which the twentieth anniversary of the Commencement Date occurs.
Exercise of First Option. The Venture may exercise the First Option by delivering to the Optionor Partner written notice (the “Election Notice”) of its election to exercise all or part of the First Option within thirty (30) days after the date that the Venture receives the First Option Notice. The Election Notice shall set forth the amount of the Offered Interests that the Venture agrees to purchase.
Exercise of First Option. Each Optionee shall have the option, exercisable until thirty days prior to the specified date of withdrawal (sixty days in the case of a withdrawal requiring more than ninety days’ notice), to elect to acquire his or her proportionate part (as hereinafter defined) of the shares of Series A Common with respect to which a notice of withdrawal has been submitted. Such acquisition may be by cash purchase or by exchange of shares of Common and/or Special Common. The notice of intent to exercise such option shall be delivered to the Trustees not less than thirty days prior to the specified date of withdrawal (sixty days in the case of a withdrawal requiring more than ninety days’ notice). The closing date of such transaction shall be the specified date of withdrawal. An Optionee’s proportionate part pursuant to this option shall be that number of shares which bears the same proportion to the total number of shares proposed to be withdrawn as the number of votes beneficially held by such Optionee at the time the notice of intent to withdraw is given bears to the total number of votes then beneficially held by all Optionees. An Optionee may elect to acquire less than his or her proportionate part of the shares proposed to be withdrawn.
Exercise of First Option. If Tenant wishes to exercise its Extension Option with respect to the first Option Term, Tenant shall deliver written notice to Landlord no less than ninety (90) days before the expiration of the initial Lease Term.
Exercise of First Option. The parties hereto agree and acknowledge that the decision to exercise the First Option shall be made by SA Wireless. If SA Wireless wishes to exercise the First Option, it shall notify the other Shareholders and the Company, and each Shareholder shall cause the Company to exercise the First Option in accordance with the provisions of Clauses 9(a) to (d)
Exercise of First Option. This right of first refusal or first option to purchase may only be exercised by Licensee within 30 days from notification by Licensor that Licensor has received a bona fide offer to purchase said Block of Business at the price offered by a third party. Such notification to Licensee shall include purchase terms. Licensor is further obligated to wait 30 days for a reply from Licensee, unless received earlier. Licensor shall have no further obligation of notification and Licensee has no further rights under this section even if said purchase is not consummated.
Exercise of First Option. 4.1 In order to exercise the First Option, the Optionee must not be in breach of any term of this Agreement and must:
Exercise of First Option. ELECTION TO EITHER (A) PROCEED TO ATTEMPT TO EXERCISE THE SECOND OPTION OR (B) COMMENCE THE JOINT VENTURE FAILURE TO EXERCISE SECOND OPTION JOINT VENTURE AGREEMENT
Exercise of First Option. Sprint agrees that it will exercise the First Option promptly following the satisfaction of the condition precedent set forth in Section 6.1.5 hereof, but in no event later than 30 days after the satisfaction of such condition precedent (it being understood that, notwithstanding Sprint's exercise of the First Option, the consummation of the transactions at the Option Closing relating to the First Option shall be subject to the provisions of Section 6.1).
Exercise of First Option. Contango shall exercise the First Option by delivering written notice of exercise (the "Option Exercise Notice") to Cheniere on or prior to the First Option Expiration Date, which notice shall specify the exercise date of such option which shall occur prior to the First Option Expiration Date. On the exercise date, a closing shall occur whereby (i) Contango shall deliver to Cheniere the payment set forth in Section 2.2.1(b) and (c) hereof, the Note and terminations of the Security Agreement and the Financing Statements along with a release as reasonably requested by Cheniere and (ii) the parties shall enter into a joinder to the Partnership Agreement (as defined below), admitting Contango as a partner in Freeport, owning a 10% partnership interest in Freeport, in accordance with the terms of this Agreement.
