Exercise of the. Call Option shall be notified by the Issuer in writing to the Bond Trustee and the Bondholders at least thirty (30) Business Days prior to the settlement date of the Call Option.
Exercise of the. Put Option may be made by the Company at any time commencing on the third anniversary of the Closing and ending on November 15, 2011 (inclusive) by notice in writing of the Company to the Purchaser (hereinafter the “Exercise Notice”).
3. Except for the modification provided for herein, all other terms of the Put Option and of the Agreement shall remain unchanged. This Agreement may be executed in two counterparts and by facsimile, each of which will be deemed an original and which together will constitute one instrument.
Exercise of the. Kahta Option shall be effected by the giving to AME of a written notice signed by or on behalf of Avenue stating that it is exercising the Kahta Option. No such notice shall be effective unless given on or before the day that is 60 days after the completion or permanent or indefinite abandonment of the Tosun-1 Well (as notified by AME to Avenue).
Exercise of the. OPTION The Option may be exercised with respect to all or any portion of the vested Option Shares at any time during the Option Period (as defined below) by the delivery to the Company, at its principal place of business, of (i) a written notice of exercise which shall be delivered to the Company no earlier than thirty (30) days and no later than ten (10) days prior to the date upon which Optionee desires to exercise all or any portion of the Option (the "Exercise Date"); and (ii) a certified check payable to the Company in the amount of the Exercise Price (as defined below) multiplied by the number of Option Shares being purchased (the "Purchase Price") OR with the advance approval of the Company, by delivery of a number of shares of Common Stock, which have been held by Optionee for at least six months, having a fair market value, as of the date the Option is exercised, at least equal to the Purchase Price OR with the advance approval of the Company by a certified check payable to the Company in an amount less than the Exercise Price and by delivery of a number of shares of Common Stock, which have been held by Optionee for at least six months, having a fair market value, as of the date the Option is exercised, at least equal to the balance of the Purchase Price OR with the advance approval of the Company by Optionee advising the Company, at the time this Option is exercised, to withhold from exercise under the Option the appropriate number of Option Shares, the aggregate fair market value of which on the date of exercise of the Option is equal to the aggregate cash purchase price of the Option Shares being exercised and purchased under the Option, and such withholding shall constitute full payment for the non-withheld Option Shares issued upon exercise OR such other consideration as the Board of Directors may specifically authorize. Upon acceptance of such notice, receipt of payment in full, the Company shall cause a certificate representing the shares of Common Stock as to which the Option has been exercised (less any withheld Option Shares, if applicable) to be issued and delivered to the Optionee.
Exercise of the. Option Period will be contingent on the cumulative fulfillment of all the following terms:
6.3.1 During the Option Period or (as relevant) the previous Period of the Tenancy, the Lessee complied with all the terms of this Contract and did not commit any fundamental and/or continuous breach of the terms of the Contract that was not repaired even after the date prescribed in the written warning that was sent from the Lessor to the Lessee.
6.3.2 The Lessee has notified the Lessor, in a registered letter, at least 120 (one hundred and twenty days) before the end of the Period of the Tenancy or (as is relevant) the end of the Period of the current Option of his wish to extend the Tenancy.
6.3.3 In the Option Period, the basic rent will be raised at the rate determined and agreed in advance as specified in the Special Terms Appendix (Appendix II to this Contract) in relation to the rent paid for the last month of the Period of the Tenancy or (as is relevant) the last month of the current Option Period. After the increase has been put into effect, the Rent for the Period of the Option will be linked to the Index as specified in clause 4.4 of the special Terms Appendix below.
6.3.4 If the Option is exercised in accordance with the terms specified, the provisions of this Contract will be fully applicable during the Option Period, mutatis mutandis, as is relevant and in such case any term that is linked to this term will include also the Option Period.
6.3.5 Before the inception of the Option Period and as a condition for the Option Period, the Lessee will extend the securities as defined below in clause 21 for the duration of the Option Period and will deliver them to the Lessor.
Exercise of the. Option This Option shall be exercisable in full or in part at any time, and from time to time, during the term hereof, at any time after the Date of Grant. No fractional shares may be issued pursuant to the exercise of this Option. Furthermore, the exercise of this Option shall be subject to the condition that if at any time the Company shall determine in its sole discretion that the satisfaction of withholding tax or other withholding liabilities, or that the listing, registration, or qualification of any shares otherwise deliverable upon such exercise upon any national securities exchange or under any state or federal law, or that the report to, or consent or approval of, any regulatory body, is necessary or desirable as a condition of, or in connection with, such exercise or the delivery or purchase of shares pursuant hereto, then in any such event, such exercise shall not be effective unless such withholding, listing, registration, qualification, report, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Company.
Exercise of the. Clean-Up Call shall be notified by the Issuer in writing to the Bond Trustee and the Bondholders at least twenty Business Days prior to the settlement date of the Clean- Up Call.
Exercise of the. Rights against the Collaterals The Company may exercise its security rights under Article 19.4 at appropriate time without affecting any other rights of the Company hereunder.
Exercise of the. Call Option shall oblige the Issuer to issue the Option Shares and the Subscriber to subscribe for the Option Shares against payment of the Call Option Price.
Exercise of the. Default Right shall create a binding obligation on Bourne LLP to buy, and on LECG to sell, the Default IPR on the terms set out in this Schedule.
