Common use of EXERCISING OPTION Clause in Contracts

EXERCISING OPTION. The non-defaulting party may exercise the Option by giving the defaulting party written notice of its intent to exercise the Option within thirty (30) days of the date that the Joint Venture Value is determined by the investment bankers.

Appears in 4 contracts

Sources: Shareholders Agreement (Libbey Inc), Shareholders Agreement (Libbey Inc), Limited Liability Company Agreement (Libbey Inc)