Notice of Option Clause Samples

Notice of Option. Should this Option Agreement not be recorded, the parties agree to execute a Memorandum of Option for recording purposes if requested by either of the parties hereto, to be prepared and recorded at the expense of the requesting party.

Notice of Option. Purchaser, within [*****] after the Execution Date, may exercise an option to terminate this Contract as provided in this Article 33. As consideration for this option, Purchaser shall pay Contractor [*****] in accordance with the Payment Plan set forth in Attachment A.

Notice of Option. For the 2021–22 school year only, parents and guardians can to enroll their child in in-person instruction or independent study. The selection of Independent Study includes the right to request a student-parent- educator conference meeting before enrollment; students’ rights regarding procedures for enrolling, disenrolling and re-enrolling in independent study; and the synchronous and asynchronous instructional time that a student will have access to as part of independent study.

Notice of Option. In the event ofthe Authority identifies an exercise of Option Event, and option to purchase a BMR Unit may be exercised, the Authority shall: 1. Notify Jurisdiction in writing within five (5) working days of Authority learning that an option to purchase may be exercised with respect to a BMR Unitunit (the “Notice”);”). 2. The Notice shall include the option-triggering event, the anticipated resale price, and any other information that may be available to Authority that will assist Jurisdiction in deciding the properon a course of action; and. 3. Within ten (10) working days of receipt of the Notice, Jurisdiction willshall provide written instructions to the Authority directing the Authority to (1) exercise the Option, (2) assign to Jurisdiction the right to exercise the Option to purchase the BMR Unitunit with Jurisdiction assuming responsibility to enforce the Resale Restriction Agreement and Deed of Trust and Security Agreement, or (3) file a Notice of Abandonment.

Notice of Option. LICENSOR shall notify LICENSEE within ten calendar days following the last business day of each quarter of LICENSOR’S option to take either a cash royalty or a restricted common stock royalty using the Option Exercise Form attached hereto as Schedule B. If LICENSOR does not submit an Option Exercise Form to LICENSEE within ten calendar days following the last business day of the quarter, the payment will default to restricted common stock.

Notice of Option. In each case of an option arising under Section ---------------- 4.1, the Company will furnish each Stockholder receiving such an option a certificate showing such option, and stating in detail the facts upon which such option is based.

Notice of Option. 63 33.2. Termination...................................................... 63 33.3. Rebate of Payments............................................... 64 33.4.

Notice of Option. Optionor hereby agrees to execute a Notice of Option in favor of Optionee. This Notice shall serve as a notification to the public that the Optionee has the right to purchase the Property/Beneficiary Interest in the land trust holding title to the Property upon the terms and conditions agreed upon between the parties on this date.

Notice of Option. 1. Attached hereto as Exhibit F is a fully executed “Notice of Option in the form suitable for recordation. Upon payment of the Option Price, the Notice of Option may be recorded by the City.