OPTION TO SELL MORE PRODUCTS Sample Clauses

OPTION TO SELL MORE PRODUCTS. In addition, to the extent, and at any time, that Hexal Pharma GmbH & Co (or any of its nominees, designees or affiliates) exercises either or both of its Product Options (as such term is defined pursuant to the Agreement dated as of October 1, 1993 by and between Caraco, Hexal Pharma GmbH & Co., KG of Holzkirchen and the other parties thereto) Sun shall have the right, but not the obligation, to deliver an additional Product and receive 544,000 additional Common Shares (subject to adjustment as set forth in Section 5 hereof) for each 544,000 Common Shares (subject to adjustment as set forth in Section 5 hereof), or part thereof, issued upon exercise of the Product Options; provided that the number of Shares, in the aggregate, issued to Sun pursuant to this Section, shall in no event, at any time, exceed the number of Common Shares, in the aggregate, issued upon exercise of the Product Options by more than 543,990 (subject to adjustment as set forth in Section 5 hereof). For example, to the extent that Hexal exercises Product Options for 250,000 shares, Sun shall have the right, but not the obligation, to sell one additional Product to Caraco and receive therefor a total of 544,000; Sun will then not have the right, pursuant to this sentence, to sell additional Products (beyond the initial twenty-five and any additional Products sold to Caraco pursuant to this sentence) to Caraco for additional Shares until Hexal has exercised Product Options for at least an additional 294,001 shares of common stock (i.e., a number, which when added to the Shares previously delivered pursuant to this sentence exceeds 544,000 or the next higher multiple of 544,000). Products will be sold pursuant to this Section, and Common Shares acquired pursuant hereto, in accordance with the terms and conditions of this Agreement, in its entirety. 5.
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