SASOL CALL OPTION Sample Clauses

SASOL CALL OPTION. 9.1. Each of the Preference Shareholders hereby grants to Sasol, which hereby accepts, the irrevocable right and option (“Call Option”) to purchase the Class A Preference Shares, Class B Preference Shares and/or Class C Preference Shares held by that Preference Shareholder from that Preference Shareholder, which shall ipso facto be deemed to have sold such Class A Preference Shares, Class B Preference Shares and/or Class C Preference Shares (as the case may be) to Sasol on the terms and conditions set out in this clause 9. 9.2. The Call Option may be exercised by Sasol (or by any third party nominated by Sasol (“Nominee”) (provided that Sasol shall first bind itself to the Preference Shareholders as guarantor for and co-principal debtor in solidum with such third party for the obligations of such third party), prior to the Redesignation Date, subject to clause 14.11: 9.2.1. at any time provided that no Trigger Event or Potential Trigger Event has occurred; or 9.2.2. only within 5 (five) Business Days (or such longer period as may be agreed in writing between the Preference Share Agent and Sasol) after delivery to Sasol of written notification by the Preference Share Agent of the occurrence of a Trigger Event or a Potential Trigger Event, provided that during such period Sasol shall be entitled to enter into discussions with the Preference Shareholders (the Preference Shareholders hereby undertaking to enter into such discussions during such period if so required by Sasol), however, the rights of the Preference Shareholders shall not be limited in any way as a result of the Preference Shareholders entering into such discussions; or 9.2.3. only in respect of either all the Class A Preference Shares and/or all of the Class B Preference Shares and/or all of the Class C Preference Shares (as the case may be) then in issue, provided that should Sasol wish to exercise the Call Option in respect of all of the Class A Preference Shares, it shall only be entitled to do so if it also exercises the Call Option in respect of all of the Class B Preference Shares at the same time; and 9.2.4. by delivering a written notice to such effect to the Preference Share Agent. 9.3. The Preference Share Agent shall not be entitled to deliver any notice to the Company requiring the redemption of any Preference Shares and/or exercise any other rights in respect of the Preference Shares following the occurrence of a Trigger Event unless (i) the written notification of the occurrence o...