Common use of Exercising Options Clause in Contracts

Exercising Options. 5.1 Options will be exercised by means of written notification sent by the Seller to the Buyer no later than [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] before the aforementioned Stipulated Month of Delivery. [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] 5.2 Such notification by the Buyer will constitute an amendment to the Purchase Agreement and must be accompanied by payment of a sum equal to the Installments due on the date of this notification in accordance with Article 5.3.2 of the Purchase Agreement, it being understood that the installment mentioned as being due “Upon signing this Agreement” will also be due on the date of this notification, minus the option deposit of USD [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] (US$ [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]), owed by the Buyer upon signing this Agreement.