Option Window definition
Examples of Option Window in a sentence
At any time during a Put Option Window Period, the Ghelxx Xxxreholders shall have the option (the "Put Option") to sell all, but not less than all, of the shares of Common Stock specified in Exhibit A hereto (the "Option Shares") to CREC at the applicable Purchase Price.
At any time during a Call Option Window Period, if the Put Option has not been exercised by the Ghelxx Xxxreholders, CREC shall have the option (the "Call Option") to purchase all, but not less than all, of the Option Shares from the Ghelxx Xxxreholders at the applicable Purchase Price.
CREC shall be entitled to exercise the Call Option by delivering a written notice to the Ghelxx Xxxreholder Representative, executed by CREC, at any time during a Call Option Window Period stating that CREC irrevocably elects to exercise the Call Option.
The Ghelxx Xxxreholders shall be entitled to exercise the Put Option by delivering a written notice to CREC, executed by the Ghelxx Xxxreholder Representative on behalf of each of the Ghelxx Xxxreholders, at any time during a Put Option Window Period stating that the Ghelxx Xxxreholders irrevocably elect to exercise the Put Option.
In addition, Tenant may close on any other earlier date during the Option Window (that is not subject to lockout under the terms of the applicable Loan) so long as Tenant pays any and all Prepayment Premiums that may be due.
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Each Subsequent Put Option (i) must be exercised in whole and not in part and (ii) may be exercised separately or with one (1) or more other Subsequent Put Options at any time during the Put Option Window.
The Option Window shall be amended as follows: Tenant shall have the right and option to purchase all of Landlord’s interest in and to the Leased Property starting on the following: July 1 following the third (3rd) Lease Year until June 30 of the sixth (6th) Lease Year.
If, after the Put Deadline, the Seller has exercised less than three (3) Put Options, then the Buyer shall have the option, in its sole discretion, to purchase from the Seller the Buyer Option Assigned Royalty Payments by delivering an irrevocable written notice of such election to the Seller during the Buyer Option Window (the “Buyer Option Exercise Notice”).
If the Seller desires to exercise any Subsequent Put Option, and to sell to the Buyer any Subsequent Put Royalty Payment Tranche, the Seller shall provide the Buyer with an irrevocable written notice during the Put Option Window (a “Put Closing Notice”) that the Seller is electing to exercise one or more Subsequent Put Options.