Common use of Call Option Notice Clause in Contracts

Call Option Notice. If the SPE Shareholders elect to exercise the Call Option, they shall do so by delivering a written notice (an “Option Notice”) to the Non-SPE Shareholders by no later than the last day of the Call Option Period. The Option Notice shall state the election of the SPE Shareholders to exercise the Call Option to purchase all (but not less than all) the Non-SPE Shares (the “Call Shares”) without any conditions (other than those contemplated by this Agreement, which need not be stated in any such Option Notice).

Call Option Notice. If the SPE Shareholders elect electselect to exercise the Call Option, they shall do so by delivering a written notice (an “Option Notice”) to the Non-SPE Shareholders by no later than the last day of the Call Option Period. The Option Notice shall state the election of the SPE Shareholders to exercise the Call Option to purchase all (but not less than all) the Non-SPE Shares (the “Call Shares”) without any conditions (other than those contemplated by this Agreement, which need not be stated in any such Option Notice).

Call Option Notice. If the SPE Shareholders elect to exercise the Call Option, they shall do so by delivering a written notice (an “Option Notice”) to the Non-SPE Shareholders by no later than the last day of the Call Option Period. The Option Notice shall state the election of the SPE Shareholders to exercise the Call Option to purchase all (but not less than all) of the Non-SPE Shares (the “Call Shares”) without any conditions (other than those contemplated by this Agreement, which need not be stated in any such Option Notice). Upon receipt of an Option Notice, no Non-SPE Shareholder shall be permitted to transfer any Shares except pursuant to this Section 5.2.