Common use of Funding Option Notice Clause in Contracts

Funding Option Notice. If Biocere selects to exercise a Funding Option, as soon as practicable, but in any case no less than forty-five (45) days prior to the Closing (as defined below), Bioceres shall provide written notice to Arcadia setting forth the price per share, the number of shares to be sold, the aggregate purchase price, and the method and date of payment, using a form of notice substantially similar to the notice attached hereto as Exhibit A (a “Funding Option Exercise Notice”).