Option Closing. To the extent the Option is exercised, delivery of the Option Securities against payment by the Underwriters (in the manner and at the location specified above) shall take place at the time and date (which may be the Closing Date, but not earlier than the Closing Date) specified in the Option Notice.
Option Closing. To the extent the Option is exercised, delivery of the Option Shares against payment by the Representatives (in the manner and at the location specified above) shall take place at the time and date (which may be the Closing Date, but not earlier than the Closing Date) specified in the Option Shares Notice.
Option Closing. 11.1 In the event the Over-Allotment Option is exercised, at the Option Closing, subject to the terms and conditions contained in this Agreement, the Company shall issue and deliver to the Underwriters in such locations that the Lead Underwriter advises the Company the certificates (in physical or electronic form as the Lead Underwriter may advise in the notice) representing the Additional Common Shares to be issued at the Option Closing in the names and denominations reasonably requested by the Underwriters.
Option Closing. If Tenant exercises the Option, the parties shall incorporate the provisions set forth on Exhibit D as the essential terms of a contract for acquisition of the Premises by Tenant (the “Option Contract”). Further, upon the execution of this Lease, Landlord shall deliver to Xxxxx Xxxxx Xxxxxxxxxxx, LLP (as “Escrow Agent”) (at the notice address provided above) the following fully executed conveyance documents: General Warranty Deed, tax and title affidavits reasonably required to effect transfer, a Lease Termination Agreement, and such other documents and instruments reasonably necessary to consummate the Option (collectively, the “Conveyance Documents”). The Escrow Agent shall hold the Conveyance Documents in escrow pending closing of the Option and authorization by Landlord to release the same for delivery to Tenant and subsequent recording.
Option Closing. The closing of the purchase and sale of Option Shares pursuant to the exercise of the Option by Purchaser (an "Option Closing") will take place at 11:00 a.m. Central no later than ten (10) business days following the date of delivery to Sellers of Purchaser's notice of exercise pursuant to Section 2.2(b) above, at the offices of Xxxxxxx & Xxxxx L.L.P., 000 Xxxxxxxx Xxxxxx, Xxxxx 0000, Xxxxxx, Xxxxx 00000, or at such other time and place as the Parties may agree.
Option Closing. Computer Concepts will deliver the Option Shares to the Underwriters (in the form of definitive certificates, issued in such names and in such denominations as the Representatives may direct by notice in writing to the Company and Computer Concepts given at or prior to 10:00 a.m., New York time, on the second full business day preceding the Option Closing Date or, if no such direction is received, in the names of the respective Underwriters or in such other names as SoundView may designate (solely for the purpose of administrative convenience) and in such denominations as SoundView may determine, against payment of the aggregate Purchase Price therefor in Federal or other immediately available funds, by certified or official bank check or checks payable to the order of the Custodian or by wire transfer to accounts designated by the Custodian, all at the offices of Morrxxxx & Xoerxxxx LLP, 1290 Xxxxxx xx xxx Xxxxxxxx, Xxx Xxxx, Xxx Xxxx 00000. Xxmputer Concepts shall make the certificates for the Option Shares available to the Underwriters for examination not later than 12:00 p.m., New York time, on the business day preceding the Option Closing Date, at such location within New York, New York as may be designated by the Representatives. If the Representatives so elect, delivery of the Option Shares may be made by credit through full fast transfer to the accounts at The Depository Trust Company designated by the Representatives. The Option Closing Date and the location of delivery of, and the form of payment for, the Option Shares may be varied by agreement between the Company and SoundView. The Option Closing Date may be postponed pursuant to the provisions of Section 14. 15 16 SOUNDVIEW FINANCIAL GROUP, INC. RAYMXXX XXXEX & XSSOCIATES JULY___, 1998
Option Closing. Each Investor shall have the right, exercisable by delivery to the Company of a written notice of such exercise in the form of Exhibit G (an "Option Exercise Notice") at any time during the period commencing on the Initial Closing Date and ending on (and including) the Option Expiration Date (as defined below), to purchase, and upon such exercise the Company agrees to sell to such Investor, upon the terms and subject to the satisfaction or waiver of the conditions set forth herein, (i) a Debenture (an "Option Debenture" and, together with the Debentures issued to the other Investors at the Option Closing (as defined below), the "Option Debentures") with a principal amount equal to or, at the option of such Investor, less than fifty percent (50%) of the original principal amount of the Initial Debenture purchased by such Investor at the Initial Closing and (ii) a Warrant (an "Option Warrant" and, together with the Warrants issued to the other Investors at the Option Closing (as defined below), the "Option Warrants"). For purposes hereof, "Option Expiration Date" means the earlier to occur of (i) the ninetieth (90th) day following the Effective Date and (ii) the date on which each Investor has either exercised its rights under this Section 1.2 or notified the Company in writing that it does not intend to exercise such rights (or, if such date is not a Business Day, on the immediately succeeding Business Day). The date on which the closing of the purchase and sale of the Option Debentures and Option Warrants occurs (the "Option Closing") shall be the third (3rd) Business Day following the Option Expiration Date (the "Option Closing Date"). The Option Closing will be deemed to occur when (A) each of the conditions to the Option Closing described in this Agreement has been satisfied or waived as specified therein and (B) full payment of each Investor's Purchase Price (as defined below) payable with respect to the Option Debenture and Option Warrant being purchased by such Investor at the Option Closing has been made by wire transfer of immediately available funds against physical delivery by the Company of duly executed certificates representing such Option Debenture and Option Warrant.
Option Closing. The Option shall be exercisable at any time -------------- during the Option Period. The Option shall be exercised by Xxxxx' giving written notice (the "Option Exercise Notice") signed by an officer of Xxxxx to ---------------------- Universal. Upon delivery of the Option Exercise Notice, upon the terms and subject to the conditions contained herein (including without limitation Section 4 hereof), Xxxxx shall become obligated to purchase from Universal, and Universal shall become obligated to sell to Xxxxx, the Option Stock for cash at the Option Price at the Option Closing. The Option Price (net of the Option Payment) shall be paid by wire transfer to an account specified in writing by Universal, at a closing (the "Option Closing") on the date (the "Option Closing -------------- -------------- Date") specified in the Option Exercise Notice (which date shall be within the ---- Option Period and no later than five (5) days after the date of the Option Exercise Notice), or such later date as may be required to comply with the HSR Act (as defined below), but in no event shall the Option Closing occur after December 31, 1999. In the event that the Option has been exercised, but the Option Closing has not occurred on or before the Option Period because the condition set forth in Section 2(c) hereof has not been satisfied then, upon the expiration of the Option Period, Xxxxx shall deposit with an escrow agent the Option Price (net of the Option Payment) to be held in an escrow account until the earlier of (i) the satisfaction of the condition set forth in Section 2(c) hereof and (ii) December 31, 1999, pursuant to written escrow instructions mutually agreed upon by Xxxxx and Universal.
Option Closing. (a) The closing of the exercise of the Option (the “Option Closing”) shall occur at 10:00 a.m. (Eastern time, U.S.A.) on the Option Closing Date. The Option Closing shall occur at the offices of Borrower or at such other location as the parties hereto shall agree.
Option Closing. The closing of the purchase and sale of the Employee Units pursuant to the Repurchase Option as to either the Company or the Investor shall take place on the date designated by the Company in the Repurchase Notice, which date shall not be more than 60 days nor less than five days after the delivery of such notice. The Investor shall pay for the Employee Units to be purchased by them pursuant to the Repurchase Option by delivery to the holders of such Employee Units of a check or wire transfer of funds in the aggregate amount of the purchase price for such Employee Units. Subject to Section 4(f), the Company shall pay for the Employee Units to be purchased by it pursuant to the Repurchase Option by payment to the holders of such Employee Units of a wire transfer of immediately available funds in the aggregate amount of the purchase price for such Employee Units. In addition, the Company may pay the purchase price for such Employee Units by offsetting any then existing documented bona fide monetary debts owed by 2008 Employee Investor to the Company or guaranteed by the Company on behalf of 2008 Employee Investor and any payments received by 2008 Employee Investor hereunder shall be applied first to repayment of any such debts of 2008 Employee Investor (or his affiliates or family members) to the Company or for which the Company may be responsible. The purchasers of Employee Units hereunder shall be entitled to receive customary representations and warranties from the sellers regarding such sale of Employee Units (including representations and warranties regarding good title to such Employee Units, free and clear of any liens or encumbrances).
