Exercise of the Call Option. 4.1 Party A and/or any third party designated by Party A shall have the right to exercise the Call Option in any way permitted by law at any time within the term of the Call Option upon effectiveness of this Agreement.
Exercise of the Call Option. (a) Coeur may only exercise the Call Option by delivering to the Grantor at any time within the Exercise Period a completed and executed Option Notice.
Exercise of the Call Option. 10.1 The Call Option is continuous in nature and can be exercised repeatedly on more than one occasion regardless of previous issuances and transfers of Special Voting Shares to the Voting Depository pursuant to earlier exercises of the Call Option and regardless of any subsequent transfers back to the Company and/or cancellation of such Special Voting Shares by the Company.
Exercise of the Call Option. 2.5.1 The Call Option on the Olimpia Shares shall become exercisable by TE upon verification of the following conditions:
Exercise of the Call Option. 3.5.1 The Call Option on the TI Shares shall become exercisable by TE upon verification of the following conditions:
Exercise of the Call Option. (a) The Call Option may be exercised in the manner described herein in whole or from time to time in part at any time during the Call Option Exercise Period; provided that for so long as the Holder is Fiat or an Affiliate of Fiat and the Call Option has not been assigned or transferred to another Holder that is not an Affiliate of Fiat, such exercise shall be subject to the condition set forth in Section 2.2(b).
Exercise of the Call Option. 4.1 Following the receipt of the Tested Share Price Notice during the Call Option Period, the Manager shall have the right to exercise the respective Call Option Tranche on any Business Day within the Call Option Period.
Exercise of the Call Option. (a) Subject to Section 1.2(b), the Holder may exercise the Call Option (in whole but not in part, and only on one single occasion), at its sole discretion at any time during any Exercise Window that occurs prior to the Call Option Expiry Date, by written notice substantially in the form of Exhibit A hereto indicating such exercise (the “Call Option Exercise Notice”) to the Company. “
Exercise of the Call Option. Upon the occurrence of the Call Event, Buyer shall exercise the Call Option by delivery of written notice thereof together with the Purchase Price. Within five (5) business days of receipt of the Purchase Price, the Seller shall deliver to Buyer an executed written assignment of the Membership Interest in a form reasonably acceptable to the parties. Notwithstanding the foregoing, if the Call Option is exercised pursuant to the provisions of this Agreement, such transaction shall be effective upon receipt of the Purchase Price by Seller.
Exercise of the Call Option. The Board wishes to further announce that Asvida UK has, on 31 July 2015, exercised the Call Option on the Amended Terms. Completion of the exercise of the Call Option and the acquisition of the Option Shares pursuant thereto (“Completion”) is expected to be completed by 1 September 2015 (or such other date as the Parties may agree in writing) (the “Call Option Completion Date”). Upon Completion, TGH will become a wholly-owned subsidiary of Asvida UK. In the event that the Company decides to satisfy the Additional Consideration through the allotment and issue of such number of new shares and/or transfer of such number of treasury shares in the capital of the Company, the Company will make such further announcements and obtain such further approvals, if required, pursuant to the Singapore Exchange Securities Trading Limited (“SGX-ST”) Listing Manual Section B: Rules of Catalist (“Catalist Rules”). The aggregate consideration for the Option Shares was arrived at on a willing-seller and willing- buyer basis, after negotiations which were conducted at arm’s length between the Parties, and takes into account, inter alia: (i) the adjustment to shareholding interest in TGH by Asvida UK which should have been, but had yet to be, effected in accordance with the Investment Agreement and as described in the Circular; (ii) the NTA of TGH based on its audited consolidated accounts as at 31 December 2014, being GBP 0.89 million (approximately S$1.91million, at the exchange rate of GBP 1.00 = S$2.15); (iii) prevailing market conditions; and (iii) the benefits of the Group increasing its shareholding interests in TGH from 51% (prior to the exercise of the Call Option) to 100% (see paragraph 4 below). No independent valuation was conducted on the Option Shares. The cash component(s) of the aggregate consideration for the Option Shares will be satisfied by internal resources of the Group and external borrowings.
