Conditions of Option. The Options may be exercised immediately upon vesting, subject to the terms and conditions as set forth in this Agreement.
Conditions of Option. Each Extension Option shall be subject to the following conditions:
Conditions of Option. The Manufacturer's rights to purchase the Rubber Crumb Output pursuant to this Option shall be subject to fulfillment of the following condition:
Conditions of Option. The Extension Option may be exercised only by written notice delivered by Tenant to Landlord as provided in Subsection 2.5.3 and only if, as of the date of delivery of the notice, Tenant is not in material default under this Lease after the expiration of any applicable cure periods. If Tenant properly exercises the Extension Option, the Lease Term, as it applies to the entire Premises then leased by Tenant, shall be extended for the Option Term. If Tenant exercises the first Extension Option, Landlord shall, prior to the commencement of the first option term, repaint the interior of the Premises and install new carpeting throughout the Premises in a manner acceptable to Tenant.
Conditions of Option. Each Option may only be exercised during the period commencing on the date it may initially be exercised as set forth in Section 2 hereinbelow, and otherwise subject to the terms and conditions as set forth in this Agreement and the 1993 Plan.
Conditions of Option. The Options may be exercised immediately upon vesting, subject to the terms and conditions as set forth in this Agreement. EXERCISE OF OPTION DATE EXERCISABLE. The Options shall become exercisable by Optionee in accordance with the vesting terms as above.
Conditions of Option. The Extension Option is subject to the following conditions: (i) the Extension Option may be exercised only by written notice delivered by Subtenant to Sublandlord as provided in this Section 3.2 and only if, as of the date; the Option Term would commence, no Event of Default has occurred which is continuing; (ii) the rights contained in this Section 3.2 may be exercised by the originally named Subtenant or by any assignee of Subtenant's interest in this Sublease if the assignment has been approved by Sublandlord or is otherwise permitted in Section 12 below; and (iii) if Subtenant properly exercises the Extension Option, the Term of this Sublease shall be extended by the Option Term. The Option Term shall be on all of the terms and conditions of the original Term, except that this Section 3.2 and Exhibit "E" shall have no application thereto.
Conditions of Option. 3.1 The Option shall, subject to earlier exercise being permitted under clauses 3.3 or 5, vest over the following proportions of shares on the following dates:
Conditions of Option. Seller and Purchaser agree that Purchaser shall not encumber the Real Property in anyway until the closing of the sale transaction. Purchaser agrees to survey the Real Property at Purchaser’s expense prior to the exercise of the option and that the purchase price shall be calculated based on the surveyed acres. The parties agree to execute any and all documents necessary to reform the legal description to conform to the surveyed description. Seller hereby grants Purchaser, its agents, representatives, contractors, and assigns, access to the Real Property as is reasonably necessary during the Option Period to conduct surveys, soil samples, test wxxxx, engineering and architectural studies, environmental studies, and any other test or study as required by Purchaser to determine suitability of Real Property. Purchaser shall reimburse Seller reasonable damages to growing crops caused by Purchaser’s access to the Real Property, to include anticipated profits from growing crops actually damaged by Purchaser’s activities on the Real Property.
