Rights and Options of Chengshan Sample Clauses

Rights and Options of Chengshan. 1.1 Chengshan’s Option Upon the occurrence of the Option Commencement Date, Chengshan shall have the right, but not the obligation, to (a) cause Prairie to purchase from Cooper (and require Cooper to sell), all, but not less than all, of Xxxxxx’x ownership interest in CCT at 65% of the Option Price (“Chengshan’s Call Option”), or (b) sell to Cooper (and require Cooper to purchase) all, but not less than all, of Chengshan’s 35% ownership interest in CCT at 35% of the Option Price (“Chengshan’s Put Option”) ((a) or (b) being “Chengshan’s Option”) at its election. Chengshan shall exercise Chengshan’s Option within 45 calendar days (which shall not be subject to the Cure Period) after the Option Commencement Date (“Chengshan’s Exercise Period”) in accordance with Article 1.2 of this Agreement.
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Rights and Options of Chengshan 

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