Common use of Expiration of the Option Clause in Contracts

Expiration of the Option. The right to exercise this Option shall expire upon the earlier of (i) the termination of the Merger Agreement, (ii) the Effective Time or (iii) at 5:00 p.m., New York City, New York time, on the 30th Business Day following the consummation of the Offer (the “Expiration Date”).

Appears in 4 contracts

Sources: Share Option Agreement (Istar Financial Inc), Share Option Agreement (Istar Financial Inc), Share Option Agreement (Falcon Financial Investment Trust)