Common use of Exercise Closing Clause in Contracts

Exercise Closing. This option may be exercised by Alpine on August 1, 2003 by written notice to ▇▇▇▇▇▇▇▇ and not otherwise, given either in person or by registered or certified mail, postage prepaid, addressed to ▇▇▇▇▇▇▇▇. Within fifteen (15) days after such exercise by Alpine, the parties shall execute duplicate counterparts of an Agreement for Purchase and Sale of Aircraft and Alpine shall make the payments therein receipted for. ▇▇▇▇▇▇▇▇ shall provide such evidence of title as is required to be given by ▇▇▇▇▇▇▇▇. From and after the date of such execution and delivery of title to the aircraft, this option shall be null and void and the rights of the parties shall be governed by the terms of such agreement.

Exercise Closing. This option may be exercised by Alpine on August 1, 2003 at any time during its term by written notice to ▇▇▇▇▇▇▇▇ and not otherwise, given either in person or by registered or certified mail, postage prepaid, addressed to ▇▇▇▇▇▇▇▇. Within fifteen thirty (1530) days after such exercise by Alpine, the parties shall execute duplicate counterparts of an Agreement for Purchase and Sale of Aircraft and Alpine shall make together with the payments therein receipted for. ▇▇▇▇▇▇▇▇ shall provide for and such evidence of title as is required to be given by ▇▇▇▇▇▇▇▇. From and after the date of such execution and delivery of title to the aircraftdelivery, this option shall be null and void and the rights of the parties shall be governed by the terms of such agreement.