Common use of Avoidance of lapse of Options where Rule 7 applies Clause in Contracts

Avoidance of lapse of Options where Rule 7 applies. An Option will not lapse under Rule 6.1.2 or Rule 6.1.3 if the Option would lapse under any of those provisions in a period when the Option is capable of being exercised under Rule 7, although the Option will lapse at the end of the period applicable under Rule 7. This Rule is subject to Rule 6.1.1.

Avoidance of lapse of Options where Rule 7 applies. An Option will not lapse under because of Rule 6.1.2 or Rule 6.1.3 if the Option would lapse under any of those provisions that Rule in a period when the Option is capable of being exercised exercisable under Rule 7, although the Option will lapse at the end of the period applicable under Rule 7that period. This Rule is subject to Rule 6.1.1.

Avoidance of lapse of Options where Rule 7 applies. An Option will not lapse under Rule 6.1.2 or Rule 6.1.3 because of Rules 5.1.2 to 5.1.4 inclusive if the Option would lapse under any of those provisions in a period when the Option is capable of being exercised under Rule 7, although the Option will lapse at the end of the applicable period applicable under Rule 7. This Rule is subject to Rule 6.1.15.1.1.