Common use of Exercise of Option Rights Clause in Contracts

Exercise of Option Rights. Buyer and Seller will exercise their Option Rights by delivering a written statement (the "Purchase Notice") to the other as follows: 1.2.1 Manager will exercise its Option Rights by delivering to Sprint PCS a Purchase Notice setting forth that the Manager is exercising either Manager's put right for the Operating Assets or Manager's purchase right for the Disaggregated License.

Appears in 3 contracts

Sources: Management Agreement (Ipcs Equipment Inc), Management Agreement (Ipcs Equipment Inc), Management Agreement (Ipcs Equipment Inc)