Nutreco Options Clause Samples

Nutreco Options. 11.3.1 If the Nutreco New Species Option and/or the Nutreco Australian Option becomes exercisable, Nutreco may give written notice (an “Option Notice”) to the Company and ▇▇▇▇▇ requiring it to sell the relevant assets and activities free from all Encumbrances (other than Permitted Encumbrances) and together with all rights attaching to them to Nutreco at the relevant Option Price. 11.3.2 The relevant Option Price shall be determined in accordance with Clause 11.4. 11.3.3 Nutreco may revoke an Option Notice within 30 (thirty) days after the Option Price of the relevant activities has been determined. If a Nutreco Option Notice is revoked, no further Option Notice in respect of the relevant activities and assets may be given. 11.3.4 If the Option Notice is not revoked, the transfer of the New Species Activities and/or the Australian Barramundi Activities shall be completed within 60 (sixty) Business Days after (i) agreement or determination of the Option Price or (ii) receipt of the necessary governmental approvals and consents for the transfer of the relevant New Species Activities and/or Australian Barramundi Activities, whichever occurs later. 11.3.5 The Option Price shall be payable in cash on the completion of any transfer of the New Species Activities and/or Australian Barramundi Activities. The transfer of the New Species Activities and/or the Australian Barramundi Activities shall be made by the Company free and clear of all Encumbrances (other than Permitted Encumbrances) and adverse claims.