Term and Exercise of Option. The Purchase Option may be exercised at any time from and after the date hereof through 5:00 p.m. on the earlier of (i) December 31, 2004 or (ii) the “Cessation Date” (as such term is defined in Section 2.4 hereof) (the earlier of such dates, the “Option Termination Date”). The Purchase Option can be exercised only by the giving of notice by Optionee to such Grantor. If Optionee does not exercise the Purchase Option by the Option Termination Date, the Purchase Option shall be deemed terminated and shall be of no further force and effect and such Grantor shall have no further obligations hereunder.
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Samples: Omnibus Option Agreement (Eagle Hospitality Properties Trust, Inc.), Omnibus Option Agreement (Eagle Hospitality Properties Trust, Inc.), Omnibus Option Agreement (Eagle Hospitality Properties Trust, Inc.)
Term and Exercise of Option. The Purchase Option may be exercised at any time from and after the date hereof through 5:00 p.m. on the earlier of (i) December 31, 2004 or (ii) the “Cessation Date” (as such term is defined in Section 2.4 hereof) (the earlier of such dates, the “Option Termination Date”). The Purchase Option can be exercised only by the giving of notice by Optionee to such the Grantor. If Optionee does not exercise the Purchase Option by the Option Termination Date, the Purchase Option shall be deemed terminated and shall be of no further force and effect and such the Grantor shall have no further obligations hereunder.
Appears in 2 contracts
Samples: Omnibus Option Agreement (Eagle Hospitality Properties Trust, Inc.), Omnibus Option Agreement (Eagle Hospitality Properties Trust, Inc.)
Term and Exercise of Option. The Each Grantor's Purchase Option may be exercised at any time from and after the date hereof through 5:00 p.m. on the earlier of (i) December 31, 2004 2003 or (ii) the “Cessation Date” "CESSATION DATE" (as such term is defined in Section SECTION 2.4 hereof) (the earlier of such dates, the “Option Termination Date”"OPTION TERMINATION DATE"). The Each Grantor's Purchase Option can be exercised only by the giving of notice by Optionee to such Grantor. If Optionee does not exercise the a Grantor's Purchase Option by the Option Termination Date, the such Grantor's Purchase Option shall be deemed terminated and shall be of no further force and effect and such Grantor shall have no further obligations hereunder.
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Samples: Omnibus Option Agreement (Ashford Hospitality Trust Inc)
Term and Exercise of Option. The Grantor's Purchase Option may be exercised at any time from and after the date hereof through 5:00 p.m. on the earlier of (i) December 31, 2004 2003 or (ii) the “Cessation Date” "CESSATION DATE" (as such term is defined in Section SECTION 2.4 hereof) (the earlier of such dates, the “Option Termination Date”"OPTION TERMINATION DATE"). The Grantor's Purchase Option can be exercised only by the giving of notice by Optionee to such Grantor. If Optionee does not exercise the Grantor's Purchase Option by the Option Termination Date, the Grantor's Purchase Option shall be deemed terminated and shall be of no further force and effect and such Grantor shall have no further obligations hereunder.
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