Examples of Exercising Party in a sentence
Delivery Day of the giving of a notice pursuant to Section 6(f)(v)(1) the party to which such notice has been given has not confirmed in writing to the Exercising Party that it will purchase the Designated Assets on the due date at the Positive Indexed Value or the Negative Indexed Value, as the case may be, the party to which such notice has been given shall be deemed not willing to comply with its undertaking set out in Section 2(e) as exercised pursuant to Section 6(f)(v)(1).
If the Exercising Party is the City and subject to the receipt from the City of sufficient funds, MRP shall take steps necessary, on the City’s behalf, to exercise the rights of the lessee under the Base Lease Option.
Within seven (7) days of receipt from the Non-Exercising Party of the written notice under Section 14D.1(b), the Parties shall take all steps and execute any amendments to this Agreement, as shall be necessary to increase the Percentage Interest of the Exercising Party by the Transfer Share.
The exercise price of the Call Option shall be the sum of US$1.00, payable by the Exercising Party to the Non-Exercising Party upon increase of the Percentage Interest of the Exercising Party by the Transfer Share as provided in Section 14C.3.