Common use of EXERCISE OF THE OPTIONS Clause in Contracts

EXERCISE OF THE OPTIONS. 3.1 The Options may be exercised as follows:‌ (a) in the case of the Call Option, by the service during the Call Option Period of a duly completed Option Notice by the Transferee Company to the Sellers; and (b) in the case of the Put Option, by the service during the Put Option Period of a duly completed Option Notice by a Seller to the Transferee Company. 3.2 Each Option may be exercised in respect of all (but not some only) of the Midco 3 Loan Notes to which the Option relates and an Option Notice, once served, may not be revoked.

EXERCISE OF THE OPTIONS. 3.1 The Options may be exercised as follows:‌ (a) in the case of the Call Option, by the service during the Call Option Period of a duly completed Option Notice by the Transferee Company to the Sellers; and (b) in the case of the Put Option, by the service during the Put Option Period of a duly completed Option Notice by a Seller to the Transferee Company. 3.2 Each Option may be exercised in respect of all (but not some only) of the Midco 3 2 Loan Notes to which the Option relates and an Option Notice, once served, may not be revoked.

EXERCISE OF THE OPTIONS. 3.1 The Options may be exercised as follows:‌ (a) in the case of the Call Option, by the service during the Call Option Period of a duly completed Option Notice by the Transferee Company to the Sellers; and (b) in the case of the Put Option, by the service during the Put Option Period of a duly completed Option Notice by a Seller to the Transferee Company. 3.2 Each Option may be exercised in respect of all (but not some only) of the Midco 3 1 Loan Notes to which the Option relates and an Option Notice, once served, may not be revoked.

EXERCISE OF THE OPTIONS. 3.1 The Options may be exercised as follows:‌ (a) in the case of the Call Option, by the service during the Call Option Period of a duly completed Option Notice by the Transferee Company to the Sellers; and (b) in the case of the Put Option, by the service during the Put Option Period of a duly completed Option Notice by a Seller to the Transferee Company. 3.2 Each Option may be exercised in respect of all (but not some only) of the Midco 3 Bidco Loan Notes to which the Option relates and an Option Notice, once served, may not be revoked.