Grant of Option to Purchase. The Company hereby grants to Optionee the right and option to purchase all or any part of 10,000 shares of the issued and outstanding shares of stock on the terms and conditions set forth herein (the “Option Shares”). The number of shares subject to this Option to Purchase shall be adjusted for any stock splits, stock dividend or other issuance or redemption of shares by the Company. This Option shall not be treated as an incentive stock option within the meaning of Section 422A(b) of the Internal Revenue Code of 1986, as amended (the “Code”).
Grant of Option to Purchase. For good and valuable consideration, on and as of the Grant Date hereof, the Company irrevocably grants to the Optionee, subject to Section 2.4, an Option to Purchase any part or all of an aggregate of shares of its $.001 par value Class A Common Stock as indicated in the Certificate of Stock Option Grant upon the terms and conditions set forth in this Agreement.
Grant of Option to Purchase. On and subject to the terms and conditions set forth in this Option, Sellers hereby grant to Buyer, and Buyer hereby acquire and accepts from Sellers, the option to purchase the Controlling Interest from Sellers (the “Purchase Option”). Buyer may assign or transfer the Purchase Option to any Affiliate (as defined below) of Buyer without the consent of, or notice to, Seller. Subject to the provisions in this Option, title to, and all rights (voting, economic, and otherwise) with respect to, the Controlling Interest shall remain with Sellers unless and until Buyer exercises the Purchase Option pursuant to this Option. For purposes of this Agreement, an “Affiliate” means any other person or entity that, directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, such person or entity, where the term “control” (including the terms “controlled by” and “under common control with”) means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a person or entity, whether through the ownership of voting securities, by contract or otherwise.
Grant of Option to Purchase. Landlord hereby grants to Tenant an option to purchase the Premises upon all of the terms, covenants and conditions set forth in this Article 18 (the “Option to Purchase”).
Grant of Option to Purchase. 3.1 Subject to Section 4.1 the Optionor hereby grants to the Optionee the exclusive and irrevocable option (the “Option”) to acquire, free of all liens, charges, encumbrances, claims or rights of others, an undivided 50% right, title and interest in and to the Licenses, exercisable by the Optionee:
Grant of Option to Purchase. The Special General Partner hereby grants to the Partnership the right and option to purchase from the Special General Partner, from time to time and at any time during the Exercise Period, at the Option Price, some or all of the Units held by the Special General Partner.
Grant of Option to Purchase. Daem hereby grants to the Optionee the sole and exclusive right and option, subject to the terms of this Agreement, to acquire the entire right, title and interest in the Dalhousie Claim, free and clear of all claims, liens, charges and encumbrances, save and except for those set out herein, on the following terms and conditions, namely:
Grant of Option to Purchase. The Lessor, as part of the consideration herein, hereby grants to Lessee the exclusive option to purchase the fee simple title to the land and building described in §2.1 ("Option") upon the terms and conditions stated herein and/or to be stated in a written Purchase and Sale Agreement to be executed by Xxxxxx and Lessee.
Grant of Option to Purchase. Immediately as of the recordation of the Grant Deed, as such term is defined in the DDA, Owner grants, subject to the terms and conditions stated in this Section 8, to City the exclusive, irrevocable right and option to purchase (the "Option") all of Owner’s right, title and interest in and to the Property, together with all improvements thereon and all privileges, easements and appurtenances of every kind relating thereto subject to the terms of this provision.
Grant of Option to Purchase. GBBC hereby grants to Cumulus the Option to Purchase. The Option to Purchase may be exercised by Cumulus at any time between March 15, 2003 and September 15, 2004. The Option to Purchase may be exercised by Cumulus at any time by the delivery of notice by Cumulus to GBBC as provided below. After Septembr 15, 2004, the Option to Purchase shall terminate and shall have no further force and effect.
