Option Closing Date Clause Samples
The Option Closing Date clause defines the specific date by which an option, such as the purchase of property or securities, must be exercised and the transaction completed. In practice, this clause sets a clear deadline for the parties involved, ensuring that all necessary actions, such as payment and transfer of ownership, are finalized by the agreed-upon date. Its core function is to provide certainty and structure to the transaction timeline, preventing ambiguity or disputes about when the option must be closed.
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Option Closing Date. On the Option Closing Date if any, the Representative shall have received the favorable opinions of Company Counsel, Cayman Counsel, BVI Counsel, and HK Counsel dated the Option Closing Date, addressed to the Representative and in form and substance reasonably satisfactory to the Representative, confirming as of the Option Closing Date, the statements made by such counsel in their opinions delivered on the Closing Date.
Option Closing Date. Effective upon and subject to the receipt by the Pledgor of the Additional Contract Price, at the Option Closing Date, the Pledgor shall deliver to the Collateral Agent in pledge hereunder one or more certificates in registered form representing in the aggregate a number of shares of Common Stock equal to the Additional Share Base Amount, indorsed in blank or in the name of the Collateral Agent for the benefit of the Trust (together with all signature guarantees and other documents necessary to permit the Collateral Agent to effect the re-registration of such Common Stock without further action by the Pledgor) or, if such Common Stock is not issuable in certificated form but is held in book entry form by The Depository Trust Company, the Pledgor shall transfer such number of shares of Common Stock to an account of the Collateral Agent or to an account (other than an account of the Pledgor) designated by the Collateral Agent with The Depository Trust Company.
Option Closing Date. Upon the terms and subject to the conditions of this Agreement, Purchaser shall deliver to Seller the Additional Purchase Price on the Option Closing Date at the offices of Cleary, Gottlieb, Stee▇ & ▇ami▇▇▇▇, ▇▇w ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇ at such other place as shall be agreed upon by Purchaser and Seller, paid by wire transfer of Federal (immediately available same-day) funds to an account designated by Seller, against delivery by Seller to the Collateral Agent of the additional number of shares of Common Stock and/or cash, securities and other property necessary to comply with Seller's obligations under the Collateral Agreement.
Option Closing Date. Upon the terms and subject to the conditions of this Agreement, the Trust shall deliver to Counterparty the Additional Contract Price on the Option Closing Date at the offices of Shearman & Sterling, 599 Lexington Avenue, New York, New York 10022, or at such other pl▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇ounterparty, paid by wire transfer of Federal (immediately available same-day) funds to an account designated by Counterparty, against delivery by Counterparty to the Collateral Agent of the additional number of shares of Common Stock and/or cash, securities and other property necessary to comply with Counterparty's obligations under the Collateral Agreement.
Option Closing Date. Effective upon and subject to the receipt by the Pledgor of the Additional Purchase Price, at the Option Closing Date, the Pledgor shall deliver to the Collateral Agent in pledge hereunder one or more certificates in registered form representing in the aggregate a number of shares of Common Stock equal to the Additional Share Base Amount, indorsed in blank or in the name of the Collateral Agent for the benefit of the Trust (together with all signature guarantees and other documents necessary to permit the Collateral Agent to effect the re-registration of such Common Stock without further action by the Pledgor) or, if such Common Stock is not issuable in certificated form but is held in book entry form by The Depository Trust Company, the Pledgor shall transfer such number of shares of Common Stock to an account of the Collateral Agent or to an account (other than an account of the Pledgor) designated by the Collateral Agent with The Depository Trust Company.
Option Closing Date. The Option Closing Date provided for and/or referred to in Section 5 and elsewhere in the Option Agreement is hereby extended to August 31, 2001, except that in his sole discretion and election Cope is entitled to terminate the within extended Option Closing Date as expressly provided for in 2.2 below.
2.1 Cope will cause the Company to provide the "Due Diligence" information/material provided for in the Exhibit to the January 31, 2001 Amendment referenced above by no later than May 15, 2001 (or the May 15, 2001 date provided for in Section 2.2 below shall be extended by the number of days after May 15, 2001 that it takes for Cope to cause the Company to provide all of such Due Diligence information/material to Pati▇▇).
2.2 If at any time following May 15, 2001, the Company enters into a contract with an investment banker, business broker or other similar person or entity to assist the Company in the sale of all or substantially all of the Company's assets and/or issued and outstanding stock (collectively herein the "Possible Sale of the Company"), which the Company has not yet determined and/or even considered doing, then at any time following the date of the entering into any such contract for the Possible Sale of the Company (the "Event") Cope shall be entitled to provide Pati▇▇ ▇▇▇h thirty (30) days prior written note of such Event ("Event Notice"); and Pati▇▇ ▇▇▇ll thereby be required to consummate the closing and purchase of the Cope Option Stock prior to the expiration of such thirty day period of time (the "Accelerated Option Closing Date") pursuant to and in accordance with the Option Agreement (failing which timely performance Patick's rights to purchase and acquire the Option Stock under the Option Agreement shall thereafter automatically terminate and expire as a result of such nonperformance by Pati▇▇ ▇▇▇lowing the Event Notice).
Option Closing Date. At the date of delivery of any additional Notes upon the Underwriter’s exercise of its option to purchase additional Notes, the Pledgor shall deliver to the Collateral Agent in pledge hereunder Eligible Collateral consisting of a number of shares of DSW Class B Common Shares equal to the Maximum Deliverable Number of DSW Class A Common Shares with respect to the principal amount of the additional Notes sold on such date (the “Additional Share Base Amount”), in the manner provided in Section 6(d).
Option Closing Date. Subject to the terms and conditions of this Agreement, the Option Closing shall take place on the second (2nd) Business Day after the date that the conditions set forth in Articles 7 and 8 (other than those conditions which, by their terms, are to be satisfied or waived at the Option Closing, but subject to the satisfaction or waiver of such conditions) shall have been satisfied or waived by the party entitled to waive the same, or at such other time and date that the Company and the Purchaser may agree in writing. The Option Closing shall take place by the electronic exchange of documents. The date upon which the Option Closing occurs is referred to herein as the “Option Closing Date.”
Option Closing Date. Section 2.05
Option Closing Date. On the Option Closing Date if any, the Representatives shall have received the favorable opinions of Company Counsel, U.S. counsel for the Company and the Selling Shareholder, and BVI Counsel, dated the Option Closing Date, addressed to the Representatives and in form and substance reasonably satisfactory to the Representatives, confirming as of the Option Closing Date, the statements made by such counsel in their opinions delivered on the Closing Date.