Option Exercise Requirements. In order to exercise the Option, Optionee will complete the requirements set out in this Section 2 (collectively, the “Option Exercise Requirements”).
Option Exercise Requirements. For MIC to exercise the Option, MIC or an Affiliate of MIC, must satisfy the following on or before the Option Exercise Date:
Option Exercise Requirements. 3.1 In order to maintain the Option in good standing and to exercise it and thereby acquire MOG’s interest in the Property, XXXXXX must incur an aggregate of $500,000 in Expenditures and pay to MOG an aggregate of $450,000 from execution hereof and prior to February 28, 2011 (the “Term”) at the following times:
Option Exercise Requirements. 60 10.3 Release of Rights and Obligations........................ 61 10.4 Delivery of MUSA Capital Stock........................... 61 10.5 Representations Regarding MUSA Capital Stock............. 61 10.6
Option Exercise Requirements. Subject to Section 4 below, the Option may be exercised by Employee only between the period commencing on September 5, 1997 and ending on September 15, 1997 (the "Option Period"). To exercise the Option, Employee must execute the Resignation Agreement and deliver such executed agreement to the Company (delivered to the attention of the Company's Chief Executive Officer or his designee) during the Exercise Period. Subject to Employee's compliance with the other terms and conditions of this Option Agreement, promptly following the Company's receipt of the executed Resignation Agreement, the Company shall cause the Resignation Agreement to be duly executed on behalf of the Company and delivered to Employee. Subject to Section 4 below, the "Effective Date", as defined in the Resignation Agreement, shall be the date of exercise of the Option.
