Exercise of Option to Purchase. At any time on or prior to the Termination Date, the Receiver shall have the option, exercisable by notice to the Assuming Institution, to purchase a Shared-Loss Asset or an Asset on which a Failed Bank Charge-Off has been effected which meets any of the following criteria:
Exercise of Option to Purchase. The Purchaser may exercise the Option at any time until 5:00 pm on the Option Expiry Date by delivering to the Vendor a written notice of the exercise of the Option. If the Option is exercised as set forth in this Section 2.4, this Agreement shall become a binding agreement for the purchase and sale of the Property which shall be completed on the Closing Date upon the terms and conditions contained in this Agreement.
Exercise of Option to Purchase. At any time during the Option Term, but in no event later than 11:59 PM. on the last day of the Option Term, Optionee shall have the right, in its sole and absolute discretion, to exercise the Option by giving Optionor written notice of such exercise in accordance with the notice provisions set forth in Article 6 of this Agreement (“Optionee’s Notice”). Concurrently, with Optionee’s Notice, Optionee shall execute and deliver to Optionor an original of the Purchase Agreement in the form attached hereto as Exhibit B. Immediately upon receipt, Optionor shall execute the Purchase Agreement, and promptly cause an escrow to be opened with the Escrow Holder specified in the Purchase Agreement to whom the fully executed Purchase Agreement shall be sent.
Exercise of Option to Purchase. During the term of the Option to Purchase, Optionee may exercise its Option to Purchase by giving notice of its exercise of said Option to Purchase (“Option Exercise Notice”) as provided herein. The Option Exercise Notice shall be made utilizing the form of Option Exercise Notice attached hereto as Exhibit “G” and shall be given on or before September 1 of any year during the term of this Option and shall be deemed exercised as of November 1 of such year (the “Option Exercise Date”). Without Optionor’s written consent, no Option Exercise Notice may be given prior to September 1, 2008. The effective date for the purchase of the Assets shall be 7:00 a.m., Central Standard Time, on January 1 following such Option Exercise Date (“Exercise Effective Time”). Optionee’s right to utilize the Asset shall be effective as of the Exercise Effective Time.
Exercise of Option to Purchase. Landlord provides Resident with two ways to exercise the Option to Purchase the Residence – Purchase of Residence by Resident and Sale of Residence by Resident.
Exercise of Option to Purchase. Tenant may exercise the Option to Purchase at any time during the term of this Lease, so long as (a) Tenant is not in default of any of the terms of this Lease, the Storage Services Agreement or the Omnibus Agreement (with regard to the Premises), and (b) as a condition to such exercise, Tenant agrees that for so long as Landlord is operating the Refinery and requires the operation of the Marine Crude Storage Facility in connection therewith, Tenant and its successors and assigns will continue to operate the Marine Crude Storage Facility on the Premises in compliance with applicable agreements between Landlord and Tenant that exist at the time. Tenant may exercise the Option to Purchase by providing written notice to Landlord in the manner provided in Section 20.03 below stating that Tenant is exercising the Option to Purchase, and (2) depositing the purchase price in the amount of One Dollar ($1.00) with First American Title Insurance Company (the “Closing Agent”) or such other title insurance company as is satisfactory to the parties. The date on which Tenant exercises the Option to Purchase is the “Exercise Date.”
Exercise of Option to Purchase. Subject to Section 2.6, the City may exercise the Option at any time during the Option Term, by delivering to the Owner written notice of its exercise of the Option (the “Exercise Notice”). If no such notice is delivered within ten (10) Business Days of the applicable Trigger Date, the Option will then be deemed to have been exercised effective as of the tenth (10th) Business Day following the Trigger Date. When the Option is exercised or deemed exercised as set forth in this Section 2.3, this Agreement will become a binding agreement for the purchase and sale of the Purchased Lands (subject to Section 2.6) which will be completed upon the terms and conditions contained in this Agreement on the Closing Date.
Exercise of Option to Purchase. (1) Upon receipt of a Transfer Notice, Gigante shall have the Option, for a period of thirty (30) days following the date the Transfer Notice is given (the "Option Period"), to acquire all, but not less than all, of the Shares specified in the Transfer Notice at the same price per Share and upon the same terms and conditions as specified in the Transfer Notice; provided, however, that in the event that the Proposed Transferor proposed to Transfer such Shares for non-cash consideration, Gigante shall have the option to acquire such Shares for the equivalent value in cash of such non-cash consideration; and provided further that if the Proposed Transferor's obligation to deliver the Transfer Notice arises in connection with a third-party tender offer or exchange offer for shares of Common Stock, the Option Period shall expire upon the earlier of (i) three (3) business days prior to the expiration date for such tender offer or exchange offer and (ii) thirty (30) days following the date the Transfer Notice is given. With respect to any non-cash consideration consisting of publicly traded securities of any other Person, the cash value of such consideration shall be determined by reference to the average of the volume-weighted average selling price per share per day of such securities as reported by Bloomberg Financial Markets (or if such service is unavailable, a service providing similar information selected by the Parties) for the ten consecutive trading days ending on the Business Day prior to and not including the last day of the Option Period.
Exercise of Option to Purchase. 4.1 On or before January 15, 1998, Canadian having conducted all necessary and sufficient exploration and development programs, and having concluded all necessary studies, and having used good and sound business processes and practices to satisfy itself of the Xxxxxxx Property and Opal Business potential must make a decision whether or not to "Exercise" its "Option to Purchase". Upon Canadian having made the decision to "Exercise the Option to Purchase", Canadian will give notice in writing to OOI of its intent to Purchase the Xxxxxxx Property under the following terms and conditions and the general provisions of this Agreement.
Exercise of Option to Purchase. At any time on or prior to the Coverage Termination Date, the Receiver shall have the option, exercisable by notice to the Assuming Institution, to purchase an Acquired Asset on which a Failed Bank Charge-Off has been effected or a Shared-Loss Asset on which a Failed Bank Charge-Off has been effected that meets any one (1) of the following criteria: Version 13.2 – Commercial Shared-Loss Agreement – with 8 year term Silicon Valley Bridge Bank Santa Clara, California
