Common use of Grant of the Options Clause in Contracts

Grant of the Options. The Fund hereby grants to the Optionee the right to purchase (the "Option") all or any part of the Option Interests from the Fund exercisable from the latest date Bidder accepts for payment Units tendered pursuant to a Tender Offer until that date which is six months after the date the Option becomes exercisable (the "Option Period"), at a purchase price (the "Purchase Price") equal to five percent (5%) of the aggregate consideration paid and expenses incurred by the Bidder for the Units in the Tender Offer together with interest at a rate of 20% per annum based on a year of 366 days (calculated from and after the date of the closing of the Tender Offer through and including the date of the closing of the Option). If Optionee does not exercise the entire Option, the Purchase Price shall be reduced pro rata in accordance with the percentage of the entire Option exercised by the Optionee;

Grant of the Options. The Fund hereby grants to the Optionee the right to purchase (the "Option") all or any part of the Option Interests from the Fund exercisable from the latest date Bidder accepts for payment Units tendered pursuant to a the Tender Offer until that date which is six months after the date the Option becomes exercisable (the "Option Period"), at a purchase price (the "Purchase Price") equal to five percent (5%) of the aggregate consideration paid and expenses incurred by the Bidder for the Units in the Tender Offer together with interest at a rate of 20% per annum based on a year of 366 days (calculated from and after the date of the closing of the Tender Offer through and including the date of the closing of the Option). If Optionee does not exercise the entire Option, the Purchase Price shall be reduced pro rata in accordance with the percentage of the entire Option exercised by the Optionee;.

Grant of the Options. The Fund hereby grants to the Optionee the right to purchase (the "Option") all or any part of the Option Interests from the Fund exercisable from the latest date Bidder accepts for payment Units tendered pursuant to a the Tender Offer until that date which is six months after the date the Option becomes exercisable (the "Option Period"), at a purchase price (the "Purchase Price") equal to five percent (5%) of the aggregate consideration paid and expenses incurred by the Bidder for the Units in the Tender Offer together with interest at a rate of 20% per annum based on a year of 366 days (calculated from and after the date of the closing of the Tender Offer through and including the date of the closing of the Option). If Optionee does not exercise the entire Option, the Purchase Price shall be reduced pro rata in accordance with the percentage of the entire Option exercised by the Optionee;. 2 2.

Grant of the Options. The Fund hereby grants to the Optionee the right to purchase (the "Option") all or any part of the Option Interests from the Fund exercisable from the latest date Bidder accepts for payment Units tendered pursuant to a the Tender Offer until that date which is six months after the date the Option becomes exercisable (the "Option Period"), at a purchase price (the "Purchase Price") equal to five percent (5%) of the aggregate consideration paid and expenses incurred by the Bidder for the Units in the Tender Offer together with interest at a rate of 2010% per annum based on a year of 366 days (calculated from and after the date of the closing of the Tender Offer through and including the date of the closing of the Option). If Optionee does not exercise the entire Option, the Purchase Price shall be reduced pro rata in accordance with the percentage of the entire Option exercised by the Optionee;.

Grant of the Options. The Fund hereby grants to the Optionee the right to purchase (the "Option") all or any part of the Option Interests from the Fund exercisable from the latest date Bidder accepts for payment Units tendered pursuant to a the Tender Offer until that date which is six months after the date the Option becomes exercisable (the "Option Period"), at a purchase price (the "Purchase Price") equal to five percent (5%) of the aggregate consideration paid and expenses incurred by the Bidder for the Units in the Tender Offer together with interest at a rate of 20% per annum based on a year of 366 days (calculated from and after the date of the closing of the Tender Offer through and including the date of the closing of the Option). If Optionee does not exercise the entire Option, the Purchase Price shall be reduced pro rata in accordance with the percentage of the entire Option exercised by the Optionee;. 3 2.