Examples of First Call Option in a sentence
If a Put Option or a First Call Option is exercised in respect of a portion of the Residual Partnership Interest, the Residual Partnership Interest shall be reduced by the portion in respect of which a Put Option or a First Call Option, as the case may be, has been exercised, and each of the Put Option and the First Call Option shall continue to be available in respect of the Residual Partnership Interest so reduced.
Except as expressly set forth herein, all of the terms and conditions of the Call Option Confirmations (as amended by the First Call Option Amendment) shall remain in full force and effect and are hereby confirmed in all respects.
At the end of the First Call Exercise Period, any Covered Securities that are set forth opposite a Buyer's name on Exhibit C under the heading "Upon Exercise of the First Call Option" and that are not included in the First Call Election Notice shall no longer be subject to the First Call Option.
The First Call Option may be exercised only by giving written notice to the H&Q Parties stating the aggregate number of Covered Securities to be purchased by each Buyer pursuant to the First Call Option (the "First Call Election Notice").
Plug Power hereby accepts said First Call Option, as an option only.