Examples of First Option Exercise Notice in a sentence
Upon delivery of the First Option Exercise Notice, the Optionee shall have earned a 50% Earned Interest in the Property.
To exercise the First Option, an Initial Buyer must so notify the Company in writing (the "First Option Exercise Notice"), prior to 5:00 p.m. New York City time on April 13, 2007, which First Option Exercise Notice shall specify the principal amount of Additional Notes such Initial Buyer elects to purchase pursuant to the First Option.
On a Program-by-Program basis, Ipsen may exercise the First Option with respect to such Program by delivering a First Option Exercise Notice in respect of such First Option to Exicure at any time during the First Option Period for such Program.
In the event that Tenant fails to deliver the First Option Exercise Notice or the Second Option Exercise Notice to Landlord as provided herein, the First Option Exercise Notice or the Second Option Exercise Notice, as applicable, shall be null and void and of no further force or effect.
Delivery of the First Option Exercise Notice shall be deemed delivery by Xxxxxx to the CSG Group of the Joint Venture Election.
On or before the date that is fifteen (15) days after receipt of the First Option Exercise Notice or Second Option Exercise Notice, as applicable, Landlord shall notify Tenant in writing of Landlord's proposed Purchase Price, based on the provisions of Section 3 above.
In the event Tenant fails to specify in the applicable First Option Exercise Notice, Second Option Exercise Notice, or Third Option Exercise Notice (as the case may be) that Tenant is exercising its Partial Renewal right, then the renewal for the applicable Extension Period shall apply to all of the Premises then leased hereunder.
The Second Option shall be exercisable from the date that shall be [3] Business Days from the date of the First Option Exercise Notice until the (i) 11:59 p.m. (Eastern Standard Time) on the date that is 24 months from the Operative Date, or (ii) the date of termination of this Agreement in accordance with Section 4.10 (the “Second Option Period”).
If Xxxxxx fails to deliver the First Option Exercise Notice by the First Option Deadline and this Agreement has not otherwise been terminated then any one or more members of the CSG Group may provide written notice of such failure.
Upon delivery of the First Option Exercise Notice, the Optionee shallhave earned a 50% Earned Interest in the Property.