Common use of Notes Option Clause in Contracts

Notes Option. ▇▇▇▇ ▇▇▇▇▇▇▇▇ hereby grants to such Person or Persons as PJC and Triax may at any time designate in writing (each an “Optionee”) the option (the “Notes Option”) to buy from ▇▇▇▇ ▇▇▇▇▇▇▇▇ all or a portion thereof of the New Senior Notes purchased pursuant to Section 1(a) of this Agreement and then held by ▇▇▇▇ ▇▇▇▇▇▇▇▇ (all such New Senior Notes, the “▇▇▇▇ ▇▇▇▇▇▇▇▇ Notes”) at an aggregate purchase price equal to the outstanding principal amount of the ▇▇▇▇ ▇▇▇▇▇▇▇▇ Notes for which the Notes Option is being exercised plus any accrued and unpaid interest thereon (the “Exercise Price”), all in accordance with the provisions of this Section 3.

Notes Option. ▇O▇▇▇ ▇▇▇▇▇▇▇▇ hereby grants to such Person or Persons as PJC and Triax may at any time designate in writing (each an “Optionee”) the option (the “Notes Option”) to buy from ▇O▇▇▇ ▇▇▇▇▇▇▇▇ all or a portion thereof of the New Senior Notes purchased pursuant to Section 1(a) of this Agreement and then held by ▇O▇▇▇ ▇▇▇▇▇▇▇▇ (all such New Senior Notes, the “▇O▇▇▇ ▇▇▇▇▇▇▇▇ Notes”) at an aggregate purchase price equal to the outstanding principal amount of the ▇O▇▇▇ ▇▇▇▇▇▇▇▇ Notes for which the Notes Option is being exercised plus any accrued and unpaid interest thereon (the “Exercise Price”), all in accordance with the provisions of this Section 3.