Common use of Call Option Exercise Clause in Contracts

Call Option Exercise. The State has a right to require FMO to sell and transfer to the State all of its Shares (and not only some) (the "Call Option") against payment of the purchase price in cash for these Shares as determined in accordance with Clause 15.1 (Put Option exercise), which shall apply mutatis mutandis (the "Call Exercise Price"). The State may exercise its Call Option until three (3) months after: (a) the persons referred to in Clause 14.3.1 have not procured (i) withdrawal of the relevant proposal in writing, or (ii) the General Meeting has validly adopted the relevant proposal, in accordance with Clause 14.3.3; and (b) the Cooling Down Term has lapsed, by delivering a written notice to that effect to FMO and the Company (such a notice, the "Call Exercise Notice").

Call Option Exercise. ‌ The State has a right to require FMO to sell and transfer to the State all of its Shares (and not only some) (the "Call Option") against payment of the purchase price in cash for these Shares as determined in accordance with Clause 15.1 (Put Option exercise), which shall apply mutatis mutandis (the "Call Exercise Price"). The State may exercise its Call Option until three (3) months after: (a) the persons referred to in Clause 14.3.1 have not procured (i) withdrawal of the relevant proposal in writing, or (ii) the General Meeting has validly adopted the relevant proposal, in accordance with Clause 14.3.3; and (b) the Cooling Down Term has lapsed, by delivering a written notice to that effect to FMO and the Company (such a notice, the "Call Exercise Notice").