Common use of Termination of the Option Clause in Contracts

Termination of the Option. The Option shall terminate upon the earlier of: (i) the Effective Time of the Merger; or (ii) thirty (30) days following the termination of the Merger Agreement pursuant to Section 11.01 thereof. Notwithstanding the foregoing, if the Option cannot be exercised by reason of any applicable judgment, decree, order, law or regulation, the Option shall remain exercisable and shall not terminate until the earlier of (x) the date on which such impediment shall become final and not subject to appeal, and (y) 5:00 p.

Termination of the Option. The Option shall terminate upon the earlier of: (i) the Effective Time of the Merger; or and (ii) thirty the termination of the Merger Agreement pursuant to Section 7.1(a), (30b), (c) days or (e) thereof; and (iii) six (6) months following the termination of the Merger Agreement pursuant to Section 11.01 7.1(d) or (f) thereof. Notwithstanding the foregoing, if the Option cannot be exercised by reason of any applicable judgment, decree, order, law or regulation, the Option shall remain exercisable and shall not terminate until the earlier of (x) the date on which such impediment shall become final and not subject to appeal, and (y) 5:00 p.

Termination of the Option. The Option shall terminate upon the earlier of: (i) the Effective Time of the Merger; or and (ii) thirty the termination of the Merger Agreement pursuant to Section 7.1(a), (30b) days or (c) thereof; and (iii) twelve (12) months following the termination of the Merger Agreement pursuant to Section 11.01 7.1(d) or (e) thereof. Notwithstanding the foregoing, if the Option cannot be exercised by reason of any applicable judgment, decree, order, law or regulation, the Option shall remain exercisable and shall not terminate until the earlier of (x) the date on which such impediment shall become final and not subject to appeal, appeal and (y) 5:00 p.