Option Purchase Sample Clauses
An Option Purchase clause grants one party the right, but not the obligation, to buy a specified asset or interest under predetermined terms within a set timeframe. Typically, this clause outlines the conditions under which the option can be exercised, the purchase price or method for determining it, and any notice requirements. Its core practical function is to provide flexibility and certainty for the potential buyer, allowing them to secure the opportunity to purchase while managing risk and planning for future transactions.
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.
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 ▇▇▇▇▇. Taxes shall be prorated. Lessee has deposited ▇▇▇▇▇▇▇ 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 ▇▇▇▇▇▇▇ 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 ▇▇▇▇▇▇▇ money shall be returned to Lessee. Otherwise the ▇▇▇▇▇▇▇ money shall be retained by Lessor as Option money which is non-refundable.
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.
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 The details of the Demised Property, Machineries and Buildings are set out below :
(A) Demised Property
(a) GM 5124, Lot 11841;
(b) GM5739, Lot 6988; and
(c) GM 5741, Lot 6989; all of Tempat Intan Road, Mukim ▇▇▇▇▇, Daerah Hulu Perak, Negeri Perak. Land Area : Combined area of approximately 8.682 hectares (approximately 934,522.702 square feet) Category of Land Use and Proposed use : Freehold industrial land developed with sawmilling, kiln drying, wood processing and manufacturing of particleboard Registered owner : GPSB Chargee Al Rajhi Banking & Investment Corporation (Malaysia) Berhad
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.
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 C▇▇▇▇▇▇ (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.”
Option Purchase