Common use of Call Clause in Contracts

Call. At any time after the Final Expiration Date and before the ninety-first day following the Final Expiration Date, Presidio shall have the option (the "Call Option") to purchase 50% (but not less than 50%) of the Units in each Partnership acquired pursuant to the Offers by Olympia and its affiliates for a price determined in accordance with schedule 4.1. The Call Option will be exercisable only by written notice by Presidio to Olympia and AREH, which notice must be given, if at all, prior to the expiration of such option.

Appears in 5 contracts

Samples: Partnership Agreement (American Real Estate Holdings L P), Partnership Agreement (American Real Estate Holdings L P), Partnership Agreement (American Real Estate Holdings L P)

AutoNDA by SimpleDocs

Call. At any time after the Final Expiration Date and before the ninety-ninety- first day following the Final Expiration Date, Presidio shall have the option (the "Call Option") to purchase 50% (but not less than 50%) of the Units in each Partnership acquired pursuant to the Offers by Olympia and its affiliates for a price determined in accordance with schedule 4.1. The Call Option will be exercisable only by written notice by Presidio to Olympia and AREH, which notice must be given, if at all, prior to the expiration of such option.

Appears in 1 contract

Samples: Partnership Agreement (American Real Estate Holdings L P)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!