Common use of Option Prices Clause in Contracts

Option Prices. The purchase price payable by Sprint or its ------------- designee at (a) the Option Closing (as hereinafter defined) for the First Option Securities shall be an amount equal to the sum of (the "First Option Price") (i) four million four hundred eighty thousand one hundred nine dollars ($4,480,109.00), plus (ii) an amount equal to interest accrued on such $4,480,109.00 amount at the rate of six percent (6%) per annum, compounded quarterly, calculated from the First Closing Date to the First Option Closing Date (as hereinafter defined), and (b) the Option Closing for the Second Option Securities shall be an amount equal to the sum of (the "Second Option Price;" the First Option Price and the Second Option Price are referred to collectively hereinafter as the "Option Prices") (i) three million eight hundred fifty-three thousand four hundred twenty dollars ($3,853,420.00), plus (ii) an amount equal to interest accrued on such $3,853,420.00 amount at the rate of six percent (6%) per annum, compounded quarterly, calculated from the First Closing Date to the Second Option Closing Date (as hereinafter defined).

Option Prices. The purchase price payable by Sprint or its ------------- designee at (a) the Option Closing (as hereinafter hereinafer defined) for the First Option Securities shall be an amount equal to the sum of (the "First Option Price") (i) four million four hundred eighty thousand one hundred nine dollars ($4,480,109.00), plus (ii) an amount equal to interest accrued on such $4,480,109.00 amount at the rate of six percent (6%) per annum, compounded quarterly, calculated from the First Closing Date to the First Option Closing Date (as hereinafter defined), and (b) the Option Closing for the Second Option Securities shall be an amount equal to the sum of (the "Second Option Price;," the First Option Price and the Second Option Price are referred to collectively hereinafter as the "Option Prices") (i) three million eight hundred fifty-three thousand four hundred twenty dollars ($3,853,420.00), plus (ii) an amount equal to interest accrued on such $3,853,420.00 amount at the rate of six percent (6%) per annum, compounded quarterly, calculated from the First Closing Date to the Second Option Closing Date (as hereinafter defined).