Call Option definition
Examples of Call Option in a sentence
Subject to GATX exercising its right to exercise a Make-Up Call Option in accordance with the terms and conditions set forth in this Agreement, GATX shall only be entitled to exercise a Call Option during the Exercise Period applicable to such Call Option.
To exercise a Make-Up Call Option pursuant to this Section 2.4(a), GATX may deliver a Make-Up Call Option Notice at any time during the Make-Up Call Option Window.
For the avoidance of doubt, if GATX exercises a Call Option together with Make-Up Call Options, and a Call Option Regulatory Approval applies only to a subset of the Call Options exercised pursuant to the Call Option Notice, the Parties shall proceed to consummate any Call Options not subject to Call Option Regulatory Approvals on the Call Option Closing Date that would otherwise be determined for such Call Options (without application of clause (ii) above) to the extent permitted by applicable Law.
With respect to each Call Option, Annex A hereto (as updated in accordance with Section 2.8) sets forth (a) the amount of Units subject to such Call Option, (b) the period of time during which GATX shall be entitled, but not obligated, to exercise such Call Option by purchasing all, but not less than all, of such Units (each, an “Exercise Period”) and (c) the exercise price per each Unit subject to such Call Option (the “Unit Exercise Price”).
Upon delivery of a Call Option Notice, GATX shall be deemed, without any further action of any other Party, to have exercised such applicable Call Option.