Common use of Expiration of the Option Clause in Contracts

Expiration of the Option. This option may be exercised at any time until the first of the following events: (a) the expiration of ten (10) years from the date the option is granted, or (b) the effective date of (i) a merger or consolidation of FHGLP with another person, (ii) the acquisition by another person of all or substantially all the assets or a majority of the then outstanding partnership interests of FHGLP, or (iii) the dissolution and liquidation of FHGLP (collectively, the "Dissolution Events"). At least thirty (30) days prior to the effective date of any Dissolution Event, FHGLP shall give Advance's notice of such event if this option has then not been exercised.

Expiration of the Option. This option may be exercised at any time until the first of the following events: (a) the expiration of ten (10) years from the date the option is granted, or (b) the effective date of (i) a merger or consolidation of FHGLP with another person, (ii) the acquisition by another person of all or substantially all the assets or a majority of the then outstanding partnership interests of FHGLP, or (iii) the dissolution and liquidation of FHGLP (collectively, the "Dissolution Events"). At least thirty (30) days prior to the effective date of any Dissolution Event, FHGLP shall give Advance's notice Nathxxxxx'x xxxice of such event if this option has then not been exercised.