Common use of Grant of Second Call Option Clause in Contracts

Grant of Second Call Option. In consideration of the grant of the Second Put Option in accordance with clause 3.1 and for the additional consideration set out in Clause 4, the Grantors hereby grants to the Optionee an option to require the Grantors to sell to the Optionee the Second Option Shares on the terms (including price) set out in this Agreement.

Appears in 2 contracts

Sources: Put and Call Option Agreement, Put and Call Option Agreement (Surmodics Inc)