Common use of Notice of Exercise/Payment of Purchase Price Clause in Contracts

Notice of Exercise/Payment of Purchase Price. Subject to the terms and conditions of this Agreement, the Option may be exercised by written notice to the Secretary of the Company, at the Company's main office, or at such other address as the Company, by written notice to Optionee, may designate from time to time. Such notice shall state the election to exercise the Option and the number of Shares in respect of which the Option is being exercised, and shall be signed by the person or persons exercising the Option. Such notice shall be accompanied by payment of the full purchase price of such Shares, by cashier's or certified check, or by such other form of consideration, if any, as may be approved by the Company's Board of Directors. In addition to the foregoing, the purchase price for the Shares may be paid through a sale and remittance procedure by which Optionee shall provide concurrent irrevocable written instructions to: (i) a Company designated brokerage firm to effect the immediate sale of the purchased Shares and remit to the Company, out of the sale proceeds available on the settlement date, sufficient funds to cover the purchase price for the Shares acquired pursuant to exercise of the Option, and (ii) the Company to deliver the certificates for the purchased Shares directly to such brokerage firm to complete the sale transaction.

Notice of Exercise/Payment of Purchase Price. Subject to the terms and conditions of this Agreement, the Option may be exercised by written notice to the Secretary of the Company, at the Company's main office, or at such other address as the Company, by written notice to Optionee, may designate from time to time. Such notice shall state the election to exercise the Option and the number of Shares in respect of which the Option is being exercised, and shall be signed by the person or persons exercising the Option. Such notice shall be accompanied by payment of the full purchase price of such Shares, by cashier's or certified check, or by such other form of consideration, if any, as may be approved by the Company's Board of Directors. In addition to the foregoing, the purchase price for the Shares may be paid through a sale and remittance procedure by which with Optionee shall provide concurrent irrevocable written instructions to: (i) a Company designated brokerage firm to effect the immediate sale of the purchased Shares and remit to the Company, out of the sale proceeds available on the settlement date, sufficient funds to cover the purchase price for the Shares acquired pursuant to exercise of the Option, and (ii) the Company to deliver the certificates for the purchased Shares directly to such the brokerage firm to complete the sale transaction.

Notice of Exercise/Payment of Purchase Price. Subject to the terms and conditions of this Agreement, the Option may be exercised by written notice to the Secretary of the Company, at the Company's main office, or at such other address as the Company, by written notice to Optionee, may designate from time to time. Such notice shall state the election to exercise the Option and the number of Shares in respect of which the Option is being exercised, and shall be signed besigned by the person or persons exercising the Option. Such notice shall be accompanied by payment of the full purchase price of such Shares, by cashier's or certified check, or by such other form of consideration, if any, as may be approved by the Company's Board of Directors. In addition to the foregoing, the purchase price for the Shares may be paid through a sale and remittance procedure by which with Optionee shall provide concurrent irrevocable written instructions to: (i) a Company designated brokerage firm to effect the immediate sale of the purchased Shares and remit to the Company, out of the sale proceeds available on the settlement date, sufficient funds to cover the purchase price for the Shares acquired pursuant to exercise of the Option, and (ii) the Company to deliver the certificates for the purchased Shares directly to such the brokerage firm to complete the sale transaction.