The Option Period. In the event that a condition is imposed by any of the relevant authorities in respect of any of the approvals and consents referred to in this Article IV which affects any of the parties hereto, that party shall have the option to be exercised within fourteen (14) days from the date on which the condition is made known to the party affected (the "OPTION PERIOD") by written notice to the other party, not to accept such condition, whereupon the approval or consent in respect of which the said condition is imposed shall be deemed not to have been obtained for the purpose hereof. If such option is not exercised within the Option Period such approval or consent in respect of which the said condition is imposed shall be deemed to have been obtained for the purpose hereof.
The Option Period for Options granted to Employees shall be determined by the Committee and specifically set forth in the Agreement, provided, however, that an Option shall not be exercisable after ten years (five years in the case of an Incentive Stock Option granted to a Ten-Percent Stockholder) from its Date of Grant.
The Option Period. The "Option Period" shall commence on the date hereof and extend until One (1) year from the Effective Date, provided that, upon written notice from Optionee to the Company not more than 60 days and not less than 30 days prior to such date, the Option Period may be extended until Two (2) years from the Effective Date, in the sole and absolute discretion of Optionee.
The Option Period for Options granted to Employees shall be determined by the Committee and specifically set forth in the Agreement, provided, however, that an Option shall not be exercisable before six months from the Date of Grant (except that this limitation need not apply in the event of the death or disability of the Optionee within the six-month period) or after ten years from the Date of Grant.
The Option Period. 3.1 The Option Period in pursuance of this Contract is for 24 (twenty four) months (the "First Option").
3.2 The Lessee has the right to a further Option Period (the "Second Option") of 36 months that shall begin on the termination of the First Option. The rent and method of payment.
3.3 The Base Index will be the index published on November 15, 2004, that is, the index for the month of October and it is 100.6 points according to the base of 2002.
3.4 The rent for each month of the Period of the Tenancy in the first year will be a sum of NIS 17,965 (seventeen thousand, nine hundred and sixty five new shekels) (hereafter the "BASIC RENT FOR THE FIRST Year")and linkage differentials will be added to the Basic Rent for the First Year as defined in the Contract up until the date of each actual payment (the Basic Rent for the First Year with the addition of linkage differentials will be called hereafter: the "RENT FOR THE FIRST YEAR").
3.5 The rent for each month of the Period of the Tenancy in the second year will be a sum of NIS 19,527 (nineteen thousand, five hundred and twenty seven new shekels) (hereafter the "BASIC RENT FOR THE SECOND Year")and linkage differentials will be added to the Basic Rent for the Second Year as defined in the Contract up until the date of each actual payment (the Basic Rent for the Second Year with the addition of linkage differentials will be called hereafter: the "RENT FOR THE SECOND YEAR").
3.6 The Basic Rent for the period of the First Option will be NIS 22,317 (twenty two thousand three hundred and seventeen new shekels). Linkage differentials as defined in the Contract will be added to the Rent for the Option Period.
3.7 The Basic Rent for the period of the Second Option will be NIS 23,712 (twenty three thousand seven hundred and twelve new shekels). Linkage differentials as defined in the Contract will be added to the Rent for the Second Option Period.
3.8 Every payment of rent, parking fees and management fees will be fully linked to the Index so that if the known Index has risen compared to the Base Index, the amount of the rent will be raised by an amount that is fully equal to the rise in the Index. If it is evident that the known Index is lower than the Base Index, then the calculation and/or the payment will be made without any deduction whatsoever because of the decrease of the known Index.
3.9 The rent, the parking fees and management fees will be paid by bank transfer, by check drawn to the order of the Lessor or ...
The Option Period. Section 20 of the agreement will remain with the following changes: (a) the Option Period will start at the end of the Addition to Lease Period (i.e. on 1/1/2016). (b) despite the said in section 20 of the Agreement, the option exercise will be in written notice to the Lessor at least 5 months before the end of the Lease Period (i.e. not later than August 1, 2015). (c) the rent in the Option Period will be same as the rent in the Addition to Lease Period plus cost of leaving adjustment as defined in the Agreement.
The Option Period as defined in the second paragraph of the Option Agreement is hereby amended by deleting the words in line 7 "...or before thirty (30) days from the Effective Date ..." and inserting: "...August 30, 2004 at 5:00 p.m. (Chicago, Illinois time)..."
The Option Period. The Option may only be exercised during the period commencing with the thirty-seventh (37th) full calendar month of the “Term” established in accordance with the Lease identified herein and ending after completion of the sixtieth (56th) full calendar month of the Term (the “Option Period”).
The Option Period. The Repurchase Option shall be exercisable at any time by the Seller (or its assignee or transferee) commencing on the date hereof and ending at 5 p.m. Little Rock, Arkansas time on December 24, 2008. The period during which the Repurchase Option may be exercised is referred to herein as the “Option Period.”
The Option Period. The Option referred to in Paragraph 3.1 of the Purchase Agreement shall expire on October 1, 1999, instead of on October 1, 2000. In order to effectuate the foregoing, the parties agree that the Purchase Agreement shall be amended as set forth in Paragraphs 2 and 3 below. If and to the extent that any other provisions of the Purchase Agreement conflict with or are otherwise inconsistent with the provisions or intent of this Amendment No. 1, this Amendment No. 1 shall govern.
