Seller’s Options Clause Samples

Seller’s Options. Purchaser has heretofore inspected and approved the physical condition of the Facility. Pursuant to Purchaser's right to inspect the Facility as provided in Section 8.01, hereof, Purchaser shall endeavor to furnish Seller, prior to the Closing Date, with a written list of all defects in physical condition, structural competency or good working order which Purchaser discovers (to the extent such defects are incurred or arise after the date of this Agreement). Prior to Closing, Seller shall notify Purchaser in writing that (i) Seller shall and does thereby agree to correct or cause to be corrected all such defects prior to the Closing, (ii) instead of correcting or causing to be corrected all such defects, Seller shall and does thereby agree to reduce the Purchase Price by a specified amount, itemizing how much of that amount is applicable to each defect, (iii) Seller shall and does thereby agree to correct or cause to be corrected only certain specified defects prior to Closing, or shall reduce the Purchase Price by a specified amount with respect to only certain itemized defects, or both, or (iv) Seller shall not correct or cause to be corrected any of the defects or agree to any reduction in the Purchase Price on account thereof. Seller's failure timely to give Purchaser such written notice prior to the Closing Date shall be deemed to be and shall constitute Seller's notice as provided in (iv) above. In the event Seller notifies Purchaser that Seller shall not correct or cause to be corrected all of such defects prior to the Closing under the provisions of (ii), (iii) or (iv) above, Purchaser may, at its option, after receiving such notice, terminate this Agreement, whereupon this Agreement shall be of no further force or effect and neither of the parties hereto shall have any liability or obligations each to the other. If Seller agrees to cure such defects prior to Closing or if Seller informs Purchaser that Seller shall not correct or cause to be corrected such defects prior to Closing under the provisions of (ii), (iii) or (iv) above, and Purchaser does not terminate this Agreement prior to Closing, then prior to Closing, Seller must correct or cause to be corrected such defects or reduce the Purchase Price, or both, and Seller's notification with respect to such list of defects shall become part of this Agreement without any further action by the parties hereto. Seller's obligations hereunder to correct or cause to be corrected any defects shall survi...

Seller’s Options. If Buyer shall fail to make payments on this or any other order in accordance with Seller's terms, or if Seller shall have any doubt as to Buyer's responsibility, Seller may suspend performance hereunder, except upon receipt of security satisfactory to Seller.

Seller’s Options. In case of any disapproval by Buyer pursuant to paragraph 7.4.1, Seller shall have five (5) business days from receipt of Buyer's notice of disapproval to inform Buyer in writing whether Seller will cure the disapproved item to Buyer's reasonable satisfaction prior to the Closing Date. The term, "to Buyer's reasonable satisfaction" shall mean, and be satisfied by, the deletion of or endorsement over any exception with respect to such matter in the Title Policy.

Seller’s Options. Each Seller may charter or otherwise employ its Vessel at any time, provided that, prior to the Cancellation Date, the Sellers will comply with the following options in regards to the employment of the Vessels: (i) any Seller may charter its Vessel for a charter period not to exceed the Cancellation Date, provided that such Relevant Seller shall deliver the Vessel to the Relevant Buyer on a charter-free basis on the Delivery Date for that Vessel; (ii) any Seller may enter its Vessel into the CTM RSA pool until the later of (i) the Trigger Date and (ii) the Delivery Date for that Vessel, provided that the CTM RSA Coefficient is at least: (i) in relation to Vessel A, 121%; (ii) in relation to Vessel B, 109%; (iii) in relation to Vessel C, 104%; (iv) in relation to Vessel D, 103%; and (v) in relation to Vessel E, 103%. (iii) no more than two Sellers may charter their respective Vessels at any time, provided that: (i) those Vessels are chartered on a fixed-rate basis with charter periods not to extend beyond 31 December 2018; (ii) those Vessels are sold by the Relevant Sellers to the Relevant Buyers whilst still subject to the charterparty between the Relevant Seller and its respective charterer and that charterer agrees to the novation of such charterparty from that Seller to the Relevant Buyer; and (iii) if the MTM – BCI 180K FFA Rate relating to a Vessel is greater than the MTM Rate, then the Purchase Price for that Vessel shall be reduced by an amount equivalent to the difference between the MTM – BCI 180K FFA Rate and the MTM Rate (if positive), such difference then net present valued over the MTM Charter Period on a daily basis using an annual discount rate of 7%.

Seller’s Options. Seller shall have the right to cure any Title Defect but shall have no obligation to do so. If Buyer gives a Title Defect Notice, Seller shall elect from the following options (provided, however Seller may not elect the options described in sub-sections (b), without Buyer’s consent): (a) curing the Title Defect before Closing, and, if such Title Defect is not cured before Closing, Seller shall further elect (b),

Seller’s Options. 10 (d) EXCHANGES.......................................................10 (e)

Seller’s Options. Seller shall take all necessary actions to ensure that all outstanding options to acquire shares of Seller's common stock held by Company employees immediately prior to the Closing Date (the "Seller's Option") will become fully vested and exercisable on or before the Closing Date and will remain exercisable for at least three months following the Closing Date.

Seller’s Options. 10 (d) EXCHANGES . . . . . . . . . . . . . . . . . . . . . . . . 10 (e)

Seller’s Options