Common use of Conditions to Exercise; Termination Clause in Contracts

Conditions to Exercise; Termination. Grantee or any other person that shall become a holder of all or a part of the Option in accordance with the terms of this Agreement (each such person, including Grantee, being referred to as the "Holder") may exercise the Option, in whole or in part, after the occurrence of a Triggering Event by delivering a written notice as provided in Section 2(d) within 180 days of the occurrence of a Triggering Event (as defined in Section 2(b)

Conditions to Exercise; Termination. Grantee or any other person that shall become a holder of all or a part of the Option in accordance with the terms of this Agreement (each such person, including Grantee, person being referred to in this Agreement as the "Holder") may exercise the Option, in whole or in part, after the occurrence of a Triggering Event by delivering a written notice thereof as provided in Section 2(d) within 180 days of three (3) months following the occurrence of a Triggering Event (as defined in Section 2(b)unless prior to such Triggering Event a Termination Event shall have occurred.