Exercise of the Purchase Option. 1.1 Party D hereby authorizes Party B in accordance with the purchase option granted to Party B under Article 2.1 of the Purchase Option Agreement, and Party B agrees to accept the aforesaid authorization, on behalf of Party D, to purchase entire shares in Party C holding by Party A a in accordance with the conditions stipulated in the Purchase Option Agreement.
Exercise of the Purchase Option. Provided that (a) to the extent necessary, any applicable waiting periods (and any extension thereof) under the HSR Act with respect to the exercise of the Purchase Option shall have expired or been terminated and (b) no preliminary or permanent injunction or other order, decree or ruling issued by any Governmental Authority prohibiting the exercise of the Purchase Option or the delivery of Stockholder's Equity shall be in effect, Parent or Purchaser may exercise the Purchase Option at any time during the Option Period with respect to all of the Stockholder's Equity. To exercise the Purchase Option, Parent or Purchaser shall give written notice (the date of such notice being herein called the "Notice Date") to Stockholder specifying a place and date (not later than one Business Day following the Notice Date) for closing such purchase (the "Closing"). Subject to the delivery by Stockholder of the documents described in Section 1.04(b), the Closing of the Purchase Option shall occur as promptly as practicable following the Notice Date; provided that if the conditions set forth in clause (a) or (b) of the first sentence of this Section 1.02 have not been satisfied, Parent or Purchaser may extend the date for the Closing (the "Purchase Option Closing Date") as necessary for the satisfaction of the conditions set forth in clause (a) or (b) of the first sentence of this Section 1.02 up to but not exceeding the date that is 180 days following the Notice Date, after which all rights of Parent and Purchaser to acquire the Stockholder's Equity in accordance with this Section 1.02 shall terminate.
Exercise of the Purchase Option. 3.1 The Purchase Option shall only be exercisable on a Business Day falling during the period from and including 27 November 2009 until and including the Longstop Date (the “Exercise Period”).
Exercise of the Purchase Option. (a) Subject to the conditions set forth in Section 3.3, the Purchase Option may be exercised in whole at any time, and in part from time to time, from and after the Offer Termination Date and ending as of the Termination Date; provided, however, that in the event Purchaser exercises its Purchase Option hereunder it shall exercise its Purchase Option in a proportionate amount under that certain Shareholder Agreement with Einav Computer Systems Ltd., Roni X. Xxxxx xxx Dalix Xxxxxxxx-Xxxxxxx xx even date herewith entered into in connection with the Tender Agreement.
Exercise of the Purchase Option. (a) Subject to the conditions set forth in Section 3.3, the Purchase Option may be exercised in whole at any time, and in part from time to time, from and after the Offer Termination Date and ending as of the Termination Date; provided, however, that in the event Purchaser exercises its Purchase Option hereunder it shall exercise its Purchase Option in a proportionate amount under that certain Shareholder Agreement with Yossxx Xxxxxxxxx xx even date herewith entered into in connection with the Tender Agreement.
Exercise of the Purchase Option. On the terms and subject to the conditions set forth herein, the Seller agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Seller, the Option Shares (as Specified in Schedule 1) for the aggregate price of ￥50,000,000.
Exercise of the Purchase Option. 1.1. In accordance with Article 3 under the Purchase Option Agreement, the purchase price of entire shares in Party C holding by Party A shall be the sum of the loan principal lent by Party B to Party A, which is equivalent to RMB 4,577,972.24 (“Purchase Price”).
Exercise of the Purchase Option. 1.1. Party A hereby authorizes Party D in accordance with the purchase option granted to Party A under Article 2.1 of the Purchase Option Agreement, and Party D agrees to accept the aforesaid authorization, on behalf of Party A, to purchase entire shares in Party E holding by Party B in accordance with the conditions stipulated in the Purchase Option Agreement.
Exercise of the Purchase Option. In order to exercise the Purchase Option, Arguinchona must deliver to NELnet not less than three (3) days before the designated Exercise Date an Exercise Notice fully completed and executed by Arguinchona.
Exercise of the Purchase Option. The Buyer must exercise the Purchase Option referred to in Article One above under the following terms: paid-up in full upon execution of this contract, within a maximum of 5 years from March 7, 2003.
