Examples of Exclusive Option Period in a sentence
The University also grants to Sponsor a 6-month Exclusive Option Period to any University Invention or to University’s interest in any Joint Invention, which option shall expire six (6) months after University has provided written notice to Sponsor of any such University Invention or Joint Invention (“Option Period”).
The Shareholders Representatives may exercise such option by giving written notice of exercise to the Selling Shareholder and the Purchasers prior to the termination of the Shareholder Exclusive Option Period.
The Corporation shall have an exclusive option for two (2) business days after the expiration of the Purchaser Exclusive Option Period to acquire all of the Offered Stock that will not be acquired by the Other Purchaser.
In the event the Shareholders Representatives do not collectively elect to acquire all of the Offered Stock, the Purchasers shall have an exclusive option for three (3) business days after the expiration of the Shareholder Exclusive Option Period to acquire all or any portion of the Offered Stock not acquired by the Shareholders Representatives.
Each of the Shareholders Representatives shall have the sole and exclusive option to acquire all or any specified portion of the shares of Stock offered for transfer in accordance with the provisions of the Notice of Right of First Refusal for a period of two (2) business days from the First Refusal Notice Date (the "Shareholder Exclusive Option Period").
The Other Purchaser may exercise such option by giving written notice of exercise to the Selling Purchaser prior to the termination of its Exclusive Option Period.
The Other Purchaser shall have the sole and exclusive option to acquire all or any portion of the Purchased Shares offered by the Selling Shareholder for transfer in accordance with the provisions of the Purchaser Notice of Right of First Refusal for a period of five (5) business days from the Purchaser First Refusal Notice Date (the "Purchaser Exclusive Option Period").
KaloBios may exercise the Option at any time during the Exclusive Option Period by written notification to LICR (the “Exercise Notice”).
I’m sure the Chairman was kept up-to-date on a daily basis by Bill McDonough and the staff of the New York Fed.
MDA will pay MISONIX twenty-five thousand dollars ($25,000.00) upon executing this Letter Agreement for the Exclusive Option Period.