Purchaser's Call Option. (a) During each Draw Down Pricing Period, the Company at its sole discretion may grant to the Purchaser the right to exercise multiple call options of up to the applicable Draw Down Amount (a "Call Option"). The amount of the Call Option shall be set forth in the Draw Down Notice. For each Trading Day during a Draw Down Pricing Period, the Purchaser may exercise a Call Option by providing notice to the Company of the exercise of a Call Option (the "Call Option Notice"), substantially in the form attached hereto as Exhibit E.
Purchaser's Call Option. Subject to the satisfaction of the conditions set forth in this Agreement and subject to Section 6.3 below, the parties agree as follows:
Purchaser's Call Option. (a) The Purchaser shall have the right to exercise multiple call options of up to $2,500,000 (a “Call Option”) during each Draw Down Pricing Period; provided, that no Call Option exceed $1,125,000 on any trading day during a Draw Down Pricing Period unless otherwise mutually agreed upon by the Purchaser and the Company. For each trading day during a Draw Down Pricing Period, the Purchaser may exercise a Call Option by providing notice to the Company of the exercise of the Call Option (the “Call Option Notice”). The total amount of Call Options exercised by the Purchaser shall not exceed $30,000,000 in the aggregate.
Purchaser's Call Option. (a) The Purchaser shall have the right to exercise multiple call options during each Draw Down Pricing Period (a "Call Option"); provided, that each Call Option shall be for a minimum of $50,000 and all Call Options exercised during a Draw Down Pricing Period may not exceed $3,000,000; provided, further, that in no event shall the Purchaser exercise a Call Option for an amount which will exceed twenty percent (20%) of the Total Value on the day the applicable Call Option Notice is issued.
Purchaser's Call Option. Subject to the terms and conditions set forth in Section 4.2 and elsewhere in this Agreement, each Purchaser shall have the right (the "PURCHASERS CALL Option") at any time within a four-year period commencing on the First Closing Date to deliver a written notice to the Company (a "PURCHASERS CALL OPTION NOTICE") requiring the Company to issue and sell (in which event such Purchaser shall purchase) up to its pro rata portion of an additional $10,000,000 principal amount of a four (4) year Debenture at a conversion price of $16.00 per share, provided that the Company shall not be required to issue and sell debentures in an aggregate amount of less than $5,000,000. The closing of the purchase and sale of the additional Debentures (such closing or the closing under the Company Put Option Notice (defined below), the "SECOND CLOSING") under the Purchasers Call Option Notice shall take place in the same manner as the First Closing, on such date indicated on the Purchasers Call Option Notice but no earlier than ten (10) Business Days and no later than twenty (20) Business Days after the date of delivery of the Purchasers Call Option Notice (such date or the date of the Second Closing under the Company Put Option Notice, the "SECOND CLOSING DATE"); provided that in no case shall the Second Closing take place unless and until the conditions listed in Section 4.2 have been satisfied or waived by the appropriate party. Upon the occurrence of any Change of Control, the Company shall take appropriate action to ensure that the Purchasers shall have the right to exercise the Purchasers Call Option after the Change of Control. At the Second Closing:
Purchaser's Call Option. On or after the third anniversary of the Closing and until the seventh year following the Closing, and provided that the Purchaser Group then owns a majority interest in the Issuer, the Purchaser shall have the right to purchase all, and not less than all, of the Shareholders' shares of Common Stock for the fair market value thereof. At the time of exercising the "call," the Purchaser may specify how much of the purchase price it desires pay in cash and how much by common stock of the Purchaser. However, a Shareholder shall have the right to determine how much of the purchase price he desires to receive in cash and how much by shares of the common stock of the Purchaser. If the Shareholder's determination of the amount of the purchase price to be received in cash varies by more than $100,000 from the amount specified by the Purchaser, the Purchaser shall have the right not to proceed with the purchase. Any shares of the common stock of the Purchaser used to pay the purchase price shall be valued at their average market price over a specified period.
Purchaser's Call Option. Without prejudice to the drag along right of the Purchaser Shareholders pursuant to Section 2.03(B), at any time following:
Purchaser's Call Option. (a) The Company may, in its sole discretion, grant to the Purchaser the right to exercise one (1) or more Call Options during each Draw Down Pricing Period for a specified Call Option Amount Requested. The Call Option Amount Requested shall not exceed
Purchaser's Call Option. (a) At any time beginning as of Closing and ending on the second anniversary thereof (“Call Period”), Purchaser shall have the right from time to time, but no more than three times, by delivering a written notice to the Bank (each a “Call Exercise Notice” and consequently a “Call Exercise Event”), to cause Bank to sell to it the Option Shares (or a portion thereof), free and clear of any third party rights, at a price per each Ordinary Share (“Call Consideration”) which shall equal: US$6.30 plus 35% of the difference for each Ordinary Share between US$6.30 and the Fair Market Price (it being understood however, that should the Fair Market Price at that time be less than US$6.30 per Ordinary Share then the Call Consideration shall be US$6.30 per Ordinary Share).
Purchaser's Call Option. 7.1 The Purchaser may, after the lapse of two years from the date hereof, notify the Vendor that the Purchaser will purchase from the Vendor all, but not some, of the shares of Common Stock of the Corporation held by the Vendor.
