Common use of Company Option; Exercise Clause in Contracts

Company Option; Exercise. For a period of ten (10) days after the giving of the Offering Notice pursuant to Section 3.1(a) (the “Company Option Period”), the Company shall have the right (the “Company Option”) but not the obligation to purchase any or all of the Offered Securities at a purchase price equal to the Offer Price and upon the terms and conditions set forth in the Offering Notice. The right of the Company to purchase any or all of the Offered Securities under this Section 3.1(b) shall be exercisable by delivering written notice of the exercise thereof, prior to the expiration of the Company Option Period, to the Selling Shareholder, with a copy to the other Shareholders, which notice shall state the number of Offered Securities proposed to be purchased by the Company. The failure of the Company to respond within the Company Option Period shall be deemed to be a waiver of the Company Option, provided that the Company may waive its rights under this Section 3.1(b) prior to the expiration of the Company Option Period by giving written notice to the Selling Shareholder, with a copy to the other Shareholders.

Company Option; Exercise. For a period of ten thirty (1030) days after the giving of the Offering Notice pursuant to Section 3.1(a) 4.1.1 (the “"Company Option Period”"), the Company shall have the right (the “"Company Option”") but not the obligation to purchase any or all of the Offered Securities at a purchase price equal to the Offer Price and upon the terms and conditions set forth in the Offering Notice. The right of the Company to purchase any or all of the Offered Securities under this Section 3.1(b) 4.1.2 shall be exercisable by delivering written notice of the exercise thereof, prior to the expiration of the Company Option Period30-day period referred to above, to the Selling Shareholder, Stockholder with a copy to the other ShareholdersStockholders, which notice shall state the number of Offered Securities proposed to be purchased by the Company. The failure of the Company to respond within the Company Option Period such 30-day period shall be deemed to be a waiver of the Company Option, provided that the Company's rights under Section 4.1. The Company may waive its rights under this Section 3.1(b) 4.1 prior to the expiration of the Company Option Period 30-day period by giving written notice to the Selling Shareholder, with a copy to the other ShareholdersStockholders.

Company Option; Exercise. For a period of ten (10) days after the giving Company’s receipt of the Offering Notice delivered pursuant to Section 3.1(a) 3.2.3 (the “Company Option Period”), the Company or Paragon shall have the right (the “Company Option”) ), but not the obligation obligation, to purchase any or all of the Offered Securities at a purchase price equal to the Offer Price and upon the terms and conditions set forth in the Offering Notice. The right of the Company to purchase any or all of the Offered Securities under this Section 3.1(b) 3.2.4 shall be exercisable by delivering written notice of the exercise thereof, prior to the expiration of the Company Option Period10-day period referred to above, to the Selling Shareholder, with a copy to the other ShareholdersManager, which notice shall state the number of Offered Securities proposed to be purchased by the Company. The failure of the Company to respond within the Company Option Period such 10-­day period shall be deemed to be a waiver of the Company OptionCompany’s rights under this Section 3.2.4, provided that the Company may waive its rights under this Section 3.1(b) 3.2.4 prior to the expiration of the Company Option Period such 10-day period by giving written notice to the Selling Shareholder, with a copy to the other ShareholdersManager.

Company Option; Exercise. For a period of ten thirty (1030) days after the giving of the Offering Notice pursuant to Section 3.1(a) (the “Company Option Period”), the Company shall have the right (the “Company Option”) but not the obligation to purchase any or all of the Offered Securities at a purchase price equal to the Offer Price and upon the terms and conditions set forth in the Offering Notice. The right of the Company to purchase any or all of the Offered Securities under this Section 3.1(b) shall be exercisable by delivering written notice of the exercise thereof, prior to the expiration of the Company Option Period, to the Selling Shareholder, with a copy to the other General Atlantic Shareholders, which notice shall state the number of Offered Securities proposed to be purchased by the Company. The failure of the Company to respond within the Company Option Period shall be deemed to be a waiver of the Company Option, provided that the Company may waive its rights under this Section 3.1(b) prior to the expiration of the Company Option Period by giving written notice to the Selling Shareholder, with a copy to the other General Atlantic Shareholders.

Company Option; Exercise. For a period of ten fifteen (1015) days after the giving of the Offering Notice pursuant to Section 3.1(a) 3.1.1 (the “Company Option Period”"COMPANY OPTION PERIOD"), the Company shall have the right (the “Company Option”"COMPANY OPTION") but not the obligation to purchase any or all of the Offered Securities at a purchase price equal to the Offer Price and upon the terms and conditions set forth in the Offering Notice. The right of the Company to purchase any or all of the Offered Securities under this Section 3.1(b) 3.1.2 shall be exercisable by delivering written notice of the exercise thereof, prior to the expiration of the Company Option Period, to the Selling Shareholder, with a copy to the other ShareholdersStockholder, which notice shall state the number of Offered Securities proposed to be purchased by the Company. The failure of the Company to respond within the Company Option Period shall be deemed to be a waiver of the Company Option, provided that the Company's rights under Section 3.1. The Company may waive its rights under this Section 3.1(b) 3.1 prior to the expiration of the Company Option Period by giving written notice to the Selling Shareholder, with a copy to Stockholder and the other ShareholdersRightholders.