OPTION TO BUY. Subject to the terms and conditions of this Agreement, Issuer hereby irrevocably grants Buyer an option ("Option") to purchase up to 1,000,000 shares of the Issuer's common stock ("Shares"). At any time during the Option Period, as set forth in Section 1.3, the Buyer may exercise his option to purchase the shares, any number of times up to and until all of the Shares offered herein are purchased.
OPTION TO BUY. (a) Provided Lessee is not in default under any term or provision of this Lease, is conducting its business at the Demised Premises and has exercised the renewal option contained in Paragraph 6(c), Lessee shall have the personal and non-transferable (except to an "Affiliate of Lessee" as defined in Paragraph 19(b)) option to acquire (i.e. "close") on the Demised Premises during the thirty (30) day period commencing August 1, 2005 and expiring August 31, 2005.
OPTION TO BUY. In consideration of the grant of the option in Clause 1 above on the death of the Shareholder the Company shall have the option to purchase the deceased Shareholder’s Shares from his personal representatives such option to be exercised in writing served upon the deceased’s personal representatives within three months from the date of death or within one month after a grant of representation in respect of the estate of the deceased has been obtained if later or such later time as the Parties shall, by mutual agreement, determine and on the exercise of such option the deceased’s personal representatives shall sell the Shares to the Company.
OPTION TO BUY. 2A. In consideration of the grant of the option in Clause 1A above on the death of any Primary Owner the surviving Primary Owners shall have the option to purchase the deceased Primary Owner’s Share from the deceased Primary Owner’s personal representatives such option to be exercised in writing served upon the deceased’s personal representatives within three months from the date of death or within one month after a grant of representation in respect of the estate of the deceased has been obtained if later or such later time as the parties to this agreement shall, by mutual agreement, determine and on the exercise of such option the deceased’s personal representatives shall sell the Share to the surviving Primary Owners.
OPTION TO BUY. The land upon which the historical building sits is held by the public and as such a private individual cannot be given rights to purchase.
OPTION TO BUY. In consideration of the grant of the option in Clause 1 above on the death of any Party the surviving Parties shall have the option to purchase the deceased Party’s Share from the deceased Party’s personal representatives such option to be exercised in writing served upon the deceased’s personal representatives within three months from the date of death or within one month after a grant of representation in respect of the estate of the deceased has been obtained if later or such later time as the Parties shall, by mutual agreement, determine and on the exercise of such option the deceased’s personal representatives shall sell the Share to the surviving Parties.
OPTION TO BUY. In consideration of the grant of the option in Clause 1 above in the event of the Incapacity of any Party the other Parties shall have the option to purchase from the incapacitated Party his Share such option to be exercised in writing served within six months from the date of the payment of the benefit under the said policy or such later time as the Parties shall, by mutual agreement, determine and on the exercise of such option the incapacitated Party shall sell the Share to the other Parties. *Only applicable if ‘x’ is marked in box (ii) in recital B hereof.
OPTION TO BUY. 14.1. The parties agree that THE LESSEE, in the event of being up to day with the payment of the canons and the consideration set forth under the present Contract, shall be able to make use of the option to buy THE VESSELS wholly or partially (with respect to one, several or all the Vessels) at the end of the term of the Contract, giving written prior notice of thirty (30) days, paying the price set forth as the residual value that is individualised in clause 6.2 (C), according the number of VESSELS for which it wishes to exercise the option to buy.
OPTION TO BUY. The Company has the right for a period of thirty days after receiving the Offer to choose to buy everything, but not less than all, from the Membership Interest so offered by the Sales Member by giving written notice of this election to the Sales Member. In order for the Company to choose to purchase the member of the sale member's membership interest, uninterested Members who hold more than fifty percent of the Membership Interests of such disinterested members must approve the purchase. In such a case, the purchase will be closed and payment will be made on the same terms and conditions as in the Offer. If the company refuses to buy the member of sale membership the Sales member shall be obliged to make the same offer to the remaining members in accordance with the provisions and provisions of Section 11.2 of this Agreement. The remaining members have the right for a period of thirty days after receiving the Offer to choose to buy everything, but not less than all, from the membership interests offered by the Sales Member by giving written notice of such election to the Sales Member. In such a case, the purchase will be closed and payment made on the same terms and conditions as set out in the Offer. Unless otherwise -20- agreed, if more than one remaining member prefers to purchase, the remaining members who so prefer will purchase the Sales member's Membership Interest in relation to their respective Share Relationships. 11.4
OPTION TO BUY. The Company has the right for a period of thirty days after receiving the Written Offer to choose to purchase everything, but not less than all, of the Economic Interest so offered by the Sales owner by giving written notice of this election to the Sales Owner. In order for the Company to choose to purchase the Sales member's Economic Interests, uninterested Members who take more than fifty percent of the Membership Interests of such indispensable members as a whole must consent to the purchase. In such a case, the purchase will be closed and payment will be made on the same terms and conditions as set out in the Written Offer. If the Company refuses to purchase the sales member's economic interest, the Sales owner will be obliged to make the same offer to the remaining members in accordance with the terms and provisions of Section 12.3 of this Agreement. The remaining members have the right for a period of thirty days after receiving the Offer to choose to buy everything, but no less than all, from the Economic Interests so presented by the Sales owner by giving written notice of this election to the Sales owner. In such a case, the purchase will be closed and payment will be made on the same terms and conditions as set out in the Written Offer. Unless otherwise agreed, if more than agreed on a member to purchase, the Members who so prefer will buy the Economic Interest so offered in relation to their respective Sharing Relationships. 12.5
