Examples of Option Exercise Conditions in a sentence
Subject to the satisfaction of the Option Exercise Conditions: (i) the Subscriber has the corporate power and authority necessary to consummate the purchase of the Shares and execute, deliver, and perform this Agreement; (ii) the Subscriber has taken all actions necessary to authorize the execution and delivery of this Agreement; and (iii) this Agreement has been duly authorized, executed, delivered by, and is binding upon and enforceable against, the Subscriber.
Subject to the satisfaction of the Put Option Exercise Conditions, on exercise of the Put Option, SP Angel shall sell the Purchase Shares to the Company with such title to such shares as SP Angel acquires from the sellers thereof under the Tender Offer but otherwise free and clear of all other costs, commissions and expenses, together with all rights attaching to the Purchase Shares.
Subject to the satisfaction of the Option Exercise Conditions: (i) the Company has the corporate power and authority necessary to consummate the transactions contemplated by this Agreement and execute, deliver, and perform this Agreement; (ii) the Company has taken all actions necessary to authorize the execution and delivery of this Agreement; and (iii) this Agreement has been duly authorized, executed, delivered by, and is binding upon and enforceable against, the Company.
If the Option Exercise Conditions set out in sub-paragraphs 2.4(c) and (d) are not satisfied or waived, Best Decade shall not be entitled to exercise the Put Option during the Put Option Period.
Upon receipt of the Notice of Exercise and satisfaction or waiver of the Option Exercise Conditions, Gryphon and BMC shall execute and deliver the Joint Venture Agreement.
Any First Option Exercise Conditions may be satisfied by Athena within a shorter time period than those time periods set out in Section 3.02, at the sole discretion of Athena.
Any Second Option Exercise Conditions may be satisfied by Athena within a shorter time period than those time periods set out in Section 4.02, at the sole discretion of Athena.
The satisfaction of the Second Option Exercise Conditions is within the sole and unfettered discretion of Athena and is not a contractual obligation.
If the Option Exercise Conditions in sub-paragraph 2.4(b) is not satisfied or waived on or before the Six Month Anniversary, the Offeror shall not be entitled to exercise the Call Option within the Call Option Period.
The parties hereby agree that if the Option Exercise Conditions have been met, on the Option Exercise Date, Bridging shall have the right (but not the obligation) (the “Put Option”) to require that HHR purchase all but not less than all of the Bridging Notes at the Exercise Price.