Common use of Issuance of Option Shares Clause in Contracts

Issuance of Option Shares. The Option Shares purchased will be issued to the Holder exercising this Option as of the close of business on the date on which all actions and payments required to be taken or made by Holder, pursuant to Section 3.1, have been taken or made. Certificates for the Option Shares so purchased will be delivered to the Holder within a reasonable time, not exceeding ten (10) days after this Option is surrendered. CLCORP01 Doc: 229672_4

Appears in 2 contracts

Samples: Option Agreement (Nextel Communications Inc), Option Agreement (Nextel Communications Inc)

AutoNDA by SimpleDocs

Issuance of Option Shares. The Option Shares purchased will be issued to the Holder exercising this Option as of the close of business on the date on which all actions and payments required to be taken or made by Holder, pursuant to Section 3.1, have been taken or made. Certificates for the Option Shares so purchased will be delivered to the Holder within a reasonable time, not exceeding ten (10) days after this Option is surrendered. CLCORP01 Doc: 229672_4.

Appears in 2 contracts

Samples: Option Agreement (Nextel Communications Inc), Option Agreement (Nextel Communications Inc)

AutoNDA by SimpleDocs

Issuance of Option Shares. The Option Shares purchased will shall be issued to the Holder exercising this Option as of the close of business on the date on which all actions and payments required to be taken or made by Holder, pursuant to Section 3.1, shall have been so taken or made. Certificates for the Option Shares so purchased will shall be delivered to the Holder within a reasonable time, not exceeding ten (10) days after this Option is surrendered. CLCORP01 Doc: 229672_4.

Appears in 1 contract

Samples: Option Agreement (Nextel Communications Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.