Effect of Failure to Exercise. Except as provided in Section 7.06, any failure by Viacom International to exercise either Option, or any exercise for less than all shares purchasable under either Option, in connection with any particular Issuance Event shall not affect Viacom International's right to exercise the relevant Option in connection with any subsequent Issuance Event.
Appears in 3 contracts
Samples: Initial Public Offering and Split Off Agreement (Blockbuster Inc), Initial Public Offering and Split Off Agreement (Blockbuster Inc), Initial Public Offering and Split Off Agreement (Blockbuster Inc)
Effect of Failure to Exercise. Except as provided in Section 7.06, any failure by Viacom International to exercise either Option, or any exercise for less than all shares purchasable under either Option, in connection with any particular Issuance Event shall not affect Viacom International's ’s right to exercise the relevant Option in connection with any subsequent Issuance Event.
Appears in 1 contract
Samples: Initial Public Offering and Split Off Agreement (Blockbuster Inc)
Effect of Failure to Exercise. Except as provided in ----------------------------- Section 7.06, any failure by Viacom International to exercise either Option, or any exercise for less than all shares purchasable under either Option, in connection with any particular Issuance Event shall not affect Viacom International's right to exercise the relevant Option in connection with any subsequent Issuance Event.
Appears in 1 contract
Samples: Initial Public Offering and Split Off Agreement (Blockbuster Inc)
