Examples of Default Call Option in a sentence
Upon Closing, HoldCo, the Investor, CKHGTI and W3 will enter into the Call Option Deed pursuant to which each of the Investor and CKHGTI will grant the Default Call Option to W3.
Integrated Operator Call Option, Default Call Option, Material Underperformance Call Option and 2W Business Put OptionEach of the Integrated Operator Call Option, Default Call Option, Material Underperformance Call Option and 2W Business Put Option is granted to the Group at no cost and the exercise of which is at the discretion of the Group.
Said written notice shall include the computation by the Non-Defaulting Shareholder of the Default Call Option Price, which shall be deemed accepted unless disputed by the Defaulting Shareholder within three (3) Business Days from its receipt of said written notice.
The Default Call Option may be exercised by the non-defaulting Party (“Transferee”) giving notice in writing to the defaulting Party (“Transferor”) at any time within thirty (30) days of Transferee becoming aware of the occurrence of an Event of Default (the Default Call Option Notice) in respect of all (but not some only) of the Transferor’s Shares.
We hereby give you notice that we require you to sell to us in accordance with the terms and conditions of the Default Call Option, all the Shares for the time being held by you, such sale to be completed on the date specified in Clause 21 of the Joint Venture Agreement.