EXERCISING OPTION Sample Clauses

EXERCISING OPTION. The Tenant shall hold the right to exercise an option to purchase the Premises under Sections 2 & 3 of this Addendum by sending a notice (via Certified Letter with return receipt) to the Landlord’s address for notices listed in the Agreement. When exercising the option to purchase, the Tenant shall be required to: (check one) ☐ - Pay a Deposit. The Tenant shall be required to pay a deposit in the amount of $ (the “Deposit”) that shall be credited towards the Purchase Price. ☐
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EXERCISING OPTION. The non-defaulting party may exercise the Option by giving the defaulting party written notice of its intent to exercise the Option within thirty (30) days of the date that the Joint Venture Value is determined by the investment bankers.
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EXERCISING OPTION. In order to exercise this Option with respect to all or any part of the Optioned Stock for which this Option is at the time exercisable, Optionee (or in the case of exercise after Optionee’s death, Optionee’s executor, administrator, heir or legatee, as the case may be) must take the following actions and otherwise comply with the requirements of the Plan:
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EXERCISING OPTION. Option shall be exercised no sooner than the _____ day of , 20____, nor later than the expiration date of this Option Agreement. The exercise of Option shall be evidenced by delivery of a _______(___) day written notice to exercise, fully executed by Optionee/Buyer, and delivered to Optionor/Seller within the prescribed exercise period. In the event of the exercise of option, it is understood and agreed that if any Monthly Option Payment is received by owner during the term of this option, said Monthly Option Payment shall not be applied against the purchase price. Only the credit referred to in paragraph 4 above shall be applied to reduce the balance due Optionor/Seller upon exercise of the Option to Purchase.
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EXERCISING OPTION. The City agreed to offer the YMCA two successive ten year options to renew, contingent upon the YMCA remaining in full compliance with the terms and conditions of the agreement. To execute an option for renewal, the YMCA must give notice 60 to 180 days prior to the expiration of the term, December 31, 2020.
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EXERCISING OPTION. To exercise the Extension Option, the Tenant shall notify the Landlord of such exercise (the "Extension Notice") no later than ONE HUNDRED TWENTY (120) days before the expiration of the Initial Term.
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Related to EXERCISING OPTION

  • Option Right Landlord hereby grants to the originally named Tenant herein (the "Original Tenant") and any "Affiliate Assignee" or "Permitted Transferee," as such terms are defined in Sections 14.8 and 14.9, below, or other assignee of Tenant's entire interest in the Lease that is approved by Landlord pursuant to Article 14, below (an "Approved Assignee") one ( I ) option to extend the Lease Term for a period of five (5) years (the "Option Term"). The option to extend shall be exercisable only by notice delivered by Tenant to Landlord as provided in Section 2.2.3, below, provided that, as of the date of delivery of such notice, Tenant is not in default under this Lease (beyond the expiration of any applicable notice and cure period expressly set forth in this Lease). Upon the proper exercise of the option to extend, and provided that, at Landlord's option, as of the end of the initial Lease Term, Tenant is not in default under this Lease (beyond the expiration of any applicable notice and cure period expressly set forth in this Lease), the Lease Term shall be extended for a period of five (5) years. The rights contained in this Section 2.2 shall be personal to the originally named tenant herein (the "Original Tenant"), and any Affiliate Assignee, Permitted Transferee or Approved Assignee (and not any sublessee or other "Transferee," as that term is defined in Section 14 . 1, below, of Tenant's interest in this Lease). In the event that Tenant fails to timely and appropriately exercise its option to extend in accordance with the terms of this Section 2.2, then the option to extend granted to Tenant pursuant to the terms of this Section 2.2 shall automatically terminate and shall be of no further force or effect.

  • Exercising the Option The Optionee may incur regular federal income tax liability upon exercise of a Nonstatutory Stock Option (an “NSO”). The Optionee will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the Fair Market Value of the Exercised Shares on the date of exercise over their aggregate Exercise Price. If the Optionee is an Employee or a former Employee, the Company will be required to withhold from his or her compensation or collect from Optionee and pay to the applicable taxing authorities an amount in cash equal to a percentage of this compensation income at the time of exercise, and may refuse to honor the exercise and refuse to deliver Shares if such withholding amounts are not delivered at the time of exercise.

  • Call Option The Company shall have the option to "call" the Warrants (the "Warrant Call"), in accordance with and governed by the following:

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