The Call Options Sample Clauses
The Call Options clause grants one party the right, but not the obligation, to purchase certain assets or interests from another party under specified conditions. Typically, this clause outlines the timeframe during which the option can be exercised, the price or method for determining the price, and any procedural requirements for initiating the purchase. Its core practical function is to provide flexibility and strategic control, allowing the option holder to secure future acquisition rights while managing risk and timing.
The Call Options. 2.1 In consideration of the sum of pound sterling 1 (receipt of which the Grantor acknowledges) the Grantor grants to the Grantee (A) the right exercisable during the First Option Period to purchase two (2) Ordinary Shares at the First Option Price, and (B) the right exercisable during the Second Option Period to purchase eight (8) Ordinary Shares at the Second Option Price.
2.2 The First Call Option shall be exercisable at any time during the First Option Period and the Second Call Option shall be exercisable at any time during the Second Option Period, in either case by notice in writing of exercise served on the Grantor.
2.3 All Option Shares shall be sold free from all liens, charges and encumbrances and with all rights attached thereto at the date of such exercise.
The Call Options. 2.1 In consideration of the sum of pound sterling 1 (receipt of which the Grantor acknowledges) the Grantor grants to the Grantee (A) the right exercisable during the First Option Period to purchase two (2) Ordinary Shares at the First Option Price, and (B) the right exercisable during the Second Option Period to purchase eight (8) Ordinary Shares at the Second Option Price.
The Call Options