Examples of Option Exercise Period in a sentence
The Government, the Project Company and the Shareholder may exercise any option which it may have under this Clause 10 (Early Termination Buyout Regime), by giving written notice to the other Party of such exercise at any time within sixty (60) Days from the Day on which such option first arose (such sixty (60)-Day period, the "Option Exercise Period").
In relation to a Change of Control, either party may (but is not obligated to) exercise the Buy-Back Option once only and solely during the Option Exercise Period by delivering to the other party a written notice stating its decision to exercise the Buy-Back Option and the related Change of Control (the “Buy-Back Notice”).
Either party may (but is not obligated to) exercise the Buy-Out Option once only with respect to such Change of Control and solely during the Option Exercise Period by delivering to the other party a written notice stating its decision to exercise the Buy-Out Option (the “Buy-Out Notice”).