Common use of Optional By the Company Clause in Contracts

Optional By the Company. By the Company by written notice to ----------------------- the Parent, if the Closing shall have failed to occur by 5:00 p.m. Houston, Texas time on December 31, 1997, but only if neither the Company nor any Shareholder has breached this Agreement or has failed to perform any of their respective obligations under this Agreement;

Optional By the Company. By the Company by written notice to ----------------------- the Parent, if the Closing shall have failed to occur by 5:00 p.m. Houston, Texas time on December 31, 1997, but only if neither the Company nor any Shareholder has breached this Agreement or has failed to perform any of their respective its, his or her obligations under this Agreement;

Optional By the Company. By the Company by written notice to ----------------------- the Parent, if the Closing shall have failed to occur by 5:00 p.m. Houston, Texas time on December 31June 30, 19971998, but only if neither the Company nor any Shareholder has breached this Agreement or has have failed to perform any of their respective obligations under this Agreement;

Optional By the Company. By the Company by written notice to ----------------------- the Parent, if the Closing shall have failed to occur by 5:00 p.m. Houston, Texas time on December 31November 15, 1997, but only if neither the Company nor any Shareholder has breached this Agreement or has failed to perform any of their respective obligations under this Agreement;

Optional By the Company. By the Company Shareholders, by written notice to ----------------------- the Parent, if the Closing shall have failed to occur by 5:00 p.m. Houston, Texas time on December 31, 1997, but only if neither the Company nor any Shareholder has breached this Agreement or has failed to perform any of their respective its, his or her obligations under this Agreement;

Optional By the Company. By the Company by written notice to ----------------------- the Parent, if the Closing shall have failed to occur by 5:00 p.m. Houston, Texas time on December 31, 1997, but only if neither the Company nor any Principal Shareholder has materially breached this Agreement or has failed to perform any of their respective obligations under this Agreement;

Optional By the Company. By the Company by written notice to ----------------------- the Parent, if the Closing shall have failed to occur by 5:00 p.m. Houston, Texas time on December 31, 1997, but only if neither the Company nor any Shareholder has breached this Agreement or has failed to perform any of their respective obligations under this Agreement;

Optional By the Company. By the Company by written notice to ----------------------- the Parent, if the Closing shall have failed to occur by 5:00 p.m. Houston, Texas time on December 31, 1997, but only if neither the Company nor any Shareholder has materially breached this Agreement or has failed to perform any of their respective material obligations under this Agreement;

Optional By the Company. By the Company by written notice to ----------------------- the Parent, if the Closing shall have failed to occur by 5:00 p.m. Houston, Texas time on December 31October 15, 19971998, but only if neither the Company nor any Shareholder has breached this Agreement or has have failed to perform any of their respective obligations under this Agreement;

Optional By the Company. By the Company by written notice to ----------------------- the Parent, if the Closing shall have failed to occur by 5:00 p.m. Houston, Texas time on December 31, 1997, but only if neither the Company nor any the Shareholder has breached this Agreement or has failed to perform any of their respective its or his obligations under this Agreement;

Optional By the Company. By the Company by written notice to ----------------------- the Parent, if the Closing shall have failed to occur by 5:00 p.m. Houston, Texas time on December 31May 15, 19971998, but only if neither the Company nor any Shareholder has breached this Agreement or has have failed to perform any of their respective obligations under this Agreement;