Option Exercise Notices. The Paying Agent with which a Bearer Note or the Transfer Agent with which a Certificate is deposited in a valid exercise of any Noteholders’ option shall hold such Note (together with any Coupons, Receipts or Talon relating to it deposited with it) or Certificate on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of, or exercise of the option relating to, the relevant Note(s) consequent upon the exercise of such option, when, in the case of an option to redeem, and subject as provided below, it shall present any such Note, Certificate, Coupons, Receipts and Talon to itself for payment of the amount due in accordance with the Conditions and shall pay such moneys in accordance with the directions of the Noteholder contained in the Exercise Notice. In the event of the exercise of any other option, each Agent shall take the steps required of it in the Conditions and, in the case of Registered Notes, Clauses 10 and 11. If any such Note becomes immediately due and payable before the due date for its redemption or exercise of the option, or if upon due presentation payment of the amount due is improperly withheld or refused or exercise of the option is improperly denied, the Agent concerned shall mail such Note (and any related Coupons, Receipts or Talon) or its Certificate by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder otherwise requests and pays the costs of such insurance in advance to the relevant Agent) to such address as may have been given by the Noteholder in the Exercise Notice or, in the case of Registered Notes where no address has been given, to the address appearing in the Register. At the end of each period for the exercise of any such option, each Agent shall promptly notify the Issuing and Principal Paying Agent of the nominal amount of the Notes in respect of which such option has been exercised with it together with their certificate numbers (or those of the Certificates representing them) and the Issuing and Principal Paying Agent shall promptly notify such details to the Issuer and the Trustee.
Option Exercise Notices. The NBA shall provide the Players Association with copies of any Option or ETO exercise or non-exercise notice received by the NBA within two (2) business days of the NBA’s receipt of such notice from the Team.
Option Exercise Notices. Sorrent shall have received duly executed Option Exercise Notices, executed by each of the Option Holders.
Option Exercise Notices. For the avoidance of doubt, in the event that, during the Option Exercise Period, Seller delivers the Put Option Notice to Purchaser, and Purchaser also delivers the Call Option Notice to Seller, the first such notice to have been duly delivered in accordance with this Agreement shall control and the applicable option exercised thereby shall be consummated pursuant to this Section 2.7.
Option Exercise Notices. In the case of each Selling Stockholder, one or more option exercise notices (the “Exercise Notices”) have been duly executed and delivered by such Selling Stockholder to the Company with respect to the relevant Stock Options pursuant to which the Offered Shares to be sold by such Selling Stockholder are to be issued, and such Offered Shares are subject to the interests of the Underwriters hereunder. The Exercise Notices of each Selling Stockholder are valid and binding agreements of such Selling Stockholder, enforceable in accordance with their terms, except as rights to indemnification thereunder may be limited by applicable law and except as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies of creditors or by general equitable principles.
