Common use of Exercise of First Option Clause in Contracts

Exercise of First Option. Sprint agrees that it will exercise the First Option promptly following the satisfaction of the condition precedent set forth in Section 6.1.5 hereof, but in no event later than 30 days after the satisfaction of such condition precedent (it being understood that, notwithstanding Sprint's exercise of the First Option, the consummation of the transactions at the Option Closing relating to the First Option shall be subject to the provisions of Section 6.1).

Exercise of First Option. Sprint agrees that it will exercise ------------------------ the First Option promptly following the satisfaction of the condition precedent set forth in Section 6.1.5 hereof, but in no event later than 30 days after the satisfaction of such condition precedent (it being understood that, notwithstanding Sprint's exercise of the First Option, the consummation of the transactions at the Option Closing relating to the First Option shall be subject to the provisions of Section 6.1).