Common use of Obligation to Purchase Clause in Contracts

Obligation to Purchase. Nothing herein contained or done pursuant hereto shall obligate the Optionee to purchase and/or pay for any shares except those shares in respect of which the Optionee shall have exercised his option to purchase in the manner herein before provided.

Obligation to Purchase. Nothing herein contained or done pursuant hereto shall obligate the Optionee to purchase and/or pay for any shares Optioned Shares except those shares Optioned Shares in respect of which the Optionee shall have exercised his option Option to purchase in the manner herein before hereinbefore provided.