Option Purchase Sample Clauses

Option Purchase. On an Option Target-by-Option Target basis, Surface hereby grants Novartis the right, but not the obligation, to purchase up to a total of four (4) exclusive option rights with respect to the Option Targets (each an “Option”). For each Option Target, promptly [***] Surface will (a) provide to Novartis the Option Tox Package with respect to the applicable Option Target, and (b) afford reasonable access during normal business hours to Surface’s personnel by Novartis and its representatives as Novartis may reasonably request to assist Novartis in deciding whether to purchase the Option for such Option Target. In addition, during the Option Purchase Period, Novartis may, in its sole discretion, reasonably request that Surface provide to Novartis other information and documentation relating to such Option Target Antibody Candidate, and Surface will provide such information and documentation in the possession or control of Surface to Novartis within [***] weeks after the date of Novartis’ request; provided that, for clarity, any such information delivery that occurs after the expiration of the Option Purchase Period will not extend such Option Purchase Period. For each Option, Novartis will be entitled to purchase the applicable Option by providing a completed Option Purchase Notice with respect to the applicable Option to Surface at any time during the applicable Option Purchase Period for such Option and paying the Option Purchase Fee in accordance with Section 10.3. If Novartis purchases the applicable Option for an Option Target during the Option Purchase Period, then Novartis will be entitled to exercise the Option with respect to such Option Target as set forth in Section 4.2. CERTAIN CONFIDENTIAL PORTIONS OF THIS EXHIBIT WERE OMITTED AND REPLACED WITH “[***]”. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED SEPARATELY WITH THE SECRETARY OF THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO AN APPLICATION REQUESTING CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.
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Option Purchase. Tenant shall have the right to purchase the Premises (such right, the “Option to Purchase”) for a purchase price (the “Purchase Price”) of Five Million Dollars ($5,000,000), adjusted as provided below, at any time during the Term.
Sample 1
Option Purchase. (a) Subject to the terms and conditions of this Agreement, during a 90 day period commencing on the first anniversary of the date of this Agreement (the "First Option Period"), at election of the Company, the Company shall issue and sell and the Investor shall purchase such number of shares of Common Stock (the "First Option Shares") as is determined by dividing $5 million by the First Option Share Price (as defined in Section 1(b) below). The consideration paid for issuance of the First Option Shares is $5 million to be paid at the First Option Closing (as defined in Section 1(c) below). The Company's election shall be made by written notice delivered to the Investor during the First Option Period. Such notice shall be given by fax followed by next business day delivery of an original copy. Unless the Company gives notice of its election during the First Option Period, the Investor shall have no obligation to purchase any shares of Common Stock under thisSection 1.
Sample 1
Option Purchase. At the closing of the transactions contemplated by this Agreement (the “Closing”), the Optionholders shall sell the Options to Purchaser for consideration equal to Twenty Thousand Dollars ($20,000) in the case of Wise, and Forty Thousand Dollars ($40,000) in the case of Cxxxxxx (the “Option Consideration”). Purchaser shall withhold from the Option Consideration paid to each Optionholder all FICA taxes and other amounts required to be withheld by Purchaser pursuant to applicable provisions of the Internal Revenue Code (the “IRC”) and regulations promulgated thereunder. Purchaser shall report the Option Consideration payable to or for the benefit of each Optionholder on such Optionholder’s 2005 Form W-2. The Sixty Thousand Dollars ($60,000) in Option Consideration set forth above, together with all taxes and other amounts required to be paid in respect thereof by Purchaser, is referred to herein as the “Aggregate Option Consideration.”
Sample 1
Option Purchase. Lessee is hereby given an option to purchase the leased premises at any time after up to the date of termination of this lease for a purchase price of $ payable in cash at closing. This option to purchase shall be exercised by Lessee by giving ( ) days notice in writing to Lessor. Within ( ) days after Lessee has exercised this option as herein above provided, the Lessor shall deliver to Lessee a Certificate of Title or abstract covering the leased premises, acceptable to Lessee. Said Certificate or abstract shall reflect that market will fee simple title to the subject property is vested in Lessor and shall be subject only to taxes for the current year, easement, rights-of-way of record, and mineral reservations. Closing of the conveyance between Lessor and Lessee shall take place within ( ) days of Lessor's delivery to Lessee of an acceptable Certificate of Title or abstract as provided herein. All expenses of the sale including survey, attorney's fees, recording fee and any other cost shall be paid by Xxxxx. Taxes shall be prorated. Lessee has deposited xxxxxxx money toward the purchase of the home with Lessor in the amount of $ which will be applied toward the purchase price at closing. Lessee shall exercise due diligence to obtain financing to purchase the home. If Lessee in good faith is unable to obtain financing then the xxxxxxx money shall be returned. In the event the lease is terminated by Lessor for reasons other than failure of Lessee to exercise due diligence to obtain financing then the xxxxxxx money shall be returned to Lessee. Otherwise the xxxxxxx money shall be retained by Lessor as Option money which is non-refundable.
Sample 1
Option Purchase. PRICE No. END OF YEAR Option Purchase Price (RM) COST 40,241,301 1. 1 39,732,435 2. 2 39,223,569 3. 3 38,714,702 4. 4 38,205,836 5. 5 37,696,969 6. 6 37,188,103 7. 7 36,679,236 8. 8 36,170,370 9. 9 35,661,504 10. 10 35,152,637 11. 11 34,643,771 12. 12 34,134,904 13. 13 33,626,038 14. 14 33,117,172 15. 15 32,608,305 INFORMATION OF THE XXXXX PLANT The details of the Demised Property, Machineries and Buildings are set out below :
Sample 1
Option Purchase 
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Related to Option Purchase

  • Option Purchase Price (A) If the Management Investor shall be terminated by the Company without Cause, resign with Good Reason or shall cease to be employed by the Company by reason of death, normal retirement at age 65 or more under the Company's normal retirement policies, or temporary or permanent disability, the "Option Purchase Price" for the Incentive Shares to be purchased from such Management Investor or such Management Investor's Permitted Transferees pursuant to the Purchase Option (such number of Incentive Shares being the "Purchase Number") shall equal the price calculated as set forth in the table below opposite the applicable Termination Date of such Management Investor: If the Termination Date Occurs: Option Purchase Price On or prior to the first anniversary of Adjusted Cost Price multiplied by the Closing the Purchase Number After the first anniversary of the Adjusted Cost Price multiplied by Closing, and on or prior to the second 80% of the Purchase Number, plus anniversary of the Closing Adjusted Book Value Price multiplied by 20% of the Purchase Number After the second anniversary of the Adjusted Cost Price multiplied by Closing, and on or prior to the third 60% of the Purchase Number, plus anniversary of the Closing Adjusted Book Value Price multiplied by 40% of the Purchase Number After the third anniversary of the Adjusted Cost Price multiplied by Closing, and on or prior to the fourth 40% of the Purchase Number, plus anniversary of the Closing Adjusted Book Value Price multiplied by 60% of the Purchase Number After the fourth anniversary of the Adjusted Cost Price multiplied by Closing, and on or prior to the fifth 20% of the Purchase Number, plus anniversary of the Closing Adjusted Book Value Price multiplied by 80% of the Purchase Number

  • Purchase The Purchase Price for each one one-hundredth of a Preferred Share pursuant to the exercise of a Right shall be initially $40.00, shall be subject to adjustment from time to time as provided in Sections 11, 13 and 26 and shall be payable in lawful money of the United States of America in accordance with Section 7.3.

  • Exercise of Option The Over-allotment Option granted pursuant to Section 1.2.1 hereof may be exercised by the Representative as to all (at any time) or any part (from time to time) of the Option Units within 45 days after the effective date (“Effective Date”) of the Registration Statement (as defined in Section 2.1.1 hereof). The Underwriters will not be under any obligation to purchase any Option Units prior to the exercise of the Over-allotment Option. The Over-allotment Option granted hereby may be exercised by the giving of oral notice to the Company by the Representative, which must be confirmed in accordance with Section 10.1 herein setting forth the number of Option Units to be purchased and the date and time for delivery of and payment for the Option Units (the “Option Closing Date”), which will not be later than five (5) full Business Days after the date of the notice or such other time and in such other manner as shall be agreed upon by the Company and the Representative, at the offices of EG&S or at such other place (including remotely by facsimile or other electronic transmission) as shall be agreed upon by the Company and the Representative. If such delivery and payment for the Option Units does not occur on the Closing Date, the Option Closing Date will be as set forth in the notice. Upon exercise of the Over-allotment Option, the Company will become obligated to convey to the Underwriters, and, subject to the terms and conditions set forth herein, the Underwriters will become obligated to purchase, the number of Option Units specified in such notice.

  • Method of Exercise of Option (a) Subject to the terms and conditions of this Agreement, the Option shall be exercisable by notice in the manner set forth in Exhibit A hereto (the "NOTICE") and provision for payment to the Corporation in accordance with the procedure prescribed herein. Each such Notice shall:

  • Option; Option Price On the terms and subject to the conditions of the Plan and this Agreement, including, without limitation, Section 18 of this Agreement, the Optionee shall have the option (the “Option”) to purchase Shares at the price per Share (the “Option Price”) and in the amounts set forth on the signature page hereto. Payment of the Option Price may be made in the manner specified by Section 5.9 of the Plan. The Option is not intended to qualify for federal income tax purposes as an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”). Except as otherwise provided in Section 7 of this Agreement, the Option shall remain exercisable as to all Vested Options (as defined in Section 4) until the expiration of the Option Term (as defined in Section 3). Except as otherwise provided in the Plan or this Agreement, upon a Termination of Relationship, the unvested portion of the Option (i.e., that portion which does not constitute Vested Options) shall terminate.

  • Put Option The Company hereby grants to Lender an option (the “Put Option”) to sell all or any portion of the Issued Shares (the “Put Shares”) to the Company for a total purchase price of $195,000, pro-rated for any portion thereof (the “Put Price”). The Put Option may be exercised with respect to any amount that is equal to or less than the entire balance of the outstanding Put Shares, at any time during the earlier to occur of the following Put Option exercise periods (the “Put Period”): (a) the ten (10) Business Day period commencing on the first anniversary hereof, or (b) the ten (10) Business Day period commencing on the date which is nine (9) months after the date that the registration statement for the registration of the Issued Shares is declared effective by the SEC . If not exercised during the Put Period, the Put Option shall terminate and shall be of no further force or effect. The Put Option shall be exercisable by Lender’s delivery of written notice to the Company (the “Put Notice”). The Put Notice shall specify the date on which the closing of the purchase of the Put Shares shall take place (the “Put Closing Date”), which such date shall be no earlier than ten (10) days but no later than thirty (30) days from the date of the Put Notice. On or before the Put Closing Date, Lender will deliver to the Company the certificate(s) representing the Put Shares (duly endorsed for transfer by Lender or accompanied by duly executed stock powers in blank) and the Company shall tender to Lender the Put Price in cash by wire transfer of immediately available funds to an account at a bank designated by Lender. The Company and Lender acknowledge and agree that the Company’s obligation to purchase the Issued Shares from Lender pursuant to the Put Option is an Obligation secured by the Collateral and any related guarantees under the Loan Documents, and for so long as the Put Option is outstanding and, if exercised, the Put Price is not yet tendered, the Lender’s right to receive the Put Price shall be secured by the Collateral and any related guarantees under the Loan Documents. Lender’s right to exercise the Put Option shall not be transferred or assigned to any third party.

  • Call Option The Company shall have the option to "call" the Warrants (the "Warrant Call"), in accordance with and governed by the following:

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