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Common use of Obligation to Exercise Clause in Contracts

Obligation to Exercise. The Undersigned shall have no obligation to exercise any Option granted by this Agreement.

Appears in 4 contracts

Sources: Option Exchange Agreement (Citadel License Inc), Option Agreement (Citadel Communications Corp), Option Exchange Agreement (Citadel License Inc)

Related Clauses

  • Election to Exercise
  • No Obligation to Exercise Option
  • Right to Exercise
  • Failure to Exercise
  • FORM OF ELECTION TO EXERCISE

Parent Clauses

  • Miscellaneous
  • Amendment and Exercise of the Initial Warrants
  • Exercise of Warrant
  • RECITALS
  • Counterparts
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