Option Purchase Agreement Clause Samples

Option Purchase Agreement. The Option Purchase Agreement duly executed by the Sellers and an authorized officer of the Company.

Option Purchase Agreement. Within three (3) business days following CNI-13's receipt of the Option Notice, CNI-13 and Paxs▇▇ ▇▇▇ll enter into an Asset Purchase Agreement that contains such terms and conditions as are customarily included in such agreements and is in form and substance reasonably acceptable to Paxs▇▇ ▇▇▇ CNI-13 (the "Option Purchase Agreement"), and thereafter CNI-13 and Paxs▇▇ ▇▇▇ll perform their respective obligations under the Option Purchase Agreement, including, without limitation, filing and prosecuting an appropriate application for FCC consent to the assignment of the FCC Licenses from CNI-13 to Paxs▇▇ (▇▇e "FCC Consent").

Option Purchase Agreement. By written option purchase agreement dated the day of two thousand and nine (hereinafter referred to as: the “Option Purchase Agreement”) in which: - the Purchaser has received an exclusive option // obligation to acquire four thousand three hundred twenty (4,320) shares in the capital of the Company, each share with a nominal value of one euro (EUR 1), numbered 9,919 up to and including 14,238 (hereinafter referred to as: the “Option 1”); - the Purchaser has received an exclusive option // obligation to acquire five thousand nine hundred fifty-one (5,951) shares in the capital of the Company, each share with a nominal value of one euro (EUR 1), numbered 1 up to and including 5,951 (hereinafter referred to as: the “Option 2”); - the Purchaser has received an exclusive option // obligation to acquire five hundred twenty-nine (529) shares in the capital of the Company, each share with a nominal value of one euro (EUR 1), numbered 17,119 up to and including 17,647 (hereinafter referred to as: the “Option 3”); - the Purchaser has received an exclusive option // obligation to acquire two thousand four hundred (2,400) cumulative preference shares in the capital of the Company, each share with a nominal value of one euro (EUR 1), numbered 1 up to and including 2,400 (hereinafter referred to as: the “Option 4”). the Option 1, the Option 2, the Option 3 and the Option 4 hereinafter also collectively referred to as the “Options”.

Option Purchase Agreement. Within five (5) business days following Paxs▇▇'▇ ▇▇▇eipt of the Put Notice or PNB's receipt of the Call Notice, as the case may be, PNB and Paxs▇▇ ▇▇▇ll enter into the Option Purchase Agreement in the form of Schedule A hereto (the "Option Purchase Agreement"), it being understood that the only change to such form shall be changes, if any, in the information contained in the Schedules thereto and the addition, if any, of Schedules thereto that are reasonably required to reflect events occurring after the date hereof; provided, however, that Paxs▇▇ ▇▇▇ll not be required to accept any such change or addition that, as a result of any action taken by PNB, could reasonably be expected to cause a material adverse change in, or have a material adverse effect on, the assets to be conveyed to Paxs▇▇ ▇▇▇suant to the Option Purchase Agreement, the business or operations of the Station or the ability of PNB to consummate the transactions contemplated by the Option Purchase Agreement in accordance with its terms. Upon the execution and delivery of the Option Purchase Agreement, PNB and Paxs▇▇ ▇▇▇ll perform their respective obligations thereunder, including, without limitation, filing and prosecuting an appropriate application for FCC consent to the assignment of the FCC Licenses from PNB to Paxs▇▇ (▇▇e "FCC Consent").

Option Purchase Agreement. Within fifteen (15) days following the Option Exercise Date, each Party shall execute and deliver to the other Party and the Escrow Agent, the Option Purchase Agreement and Escrow Instructions materially in the form attached hereto as Exhibit F (the “Option Purchase Agreement”). The Closing of Gadsden’s purchase of the Property shall occur not later than sixty (60) days after the Option Exercise Date (the “Option Closing Date”), and Sections 3, 4, 5, 6, 7 and 8 shall apply to Gadsden’s purchase of the Property and shall be modified as may be necessary for such purpose.

Option Purchase Agreement. Within three (3) business days following Licensee's receipt of the Option Notice, Licensee and Paxs▇▇ ▇▇▇ll enter into an Asset Purchase Agreement that contains such terms and conditions as are customarily included in such agreements and is in form and substance reasonably acceptable to Paxs▇▇ ▇▇▇ Licensee (the "Option Purchase Agreement"), and thereafter Licensee and Paxs▇▇ ▇▇▇ll perform their respective obligations under the Option Purchase Agreement, including, without limitation, filing and prosecuting an appropriate application for FCC consent to the assignment of the FCC Licenses from Licensee to Paxs▇▇ (▇▇e "FCC Consent").

Option Purchase Agreement. Each Party shall execute and deliver to the other Party and the Escrow Agent, the Option Purchase Agreement and Escrow Instructions materially in the form attached hereto as Exhibit “F” (the “Option Purchase Agreement”) on the earlier to occur of thirty (30) days prior to the expiration of the Extended Term or the date on which the monies on deposit in the Sinking Fund equal the amount of the deductions against the Option Purchase Price described in items (i) and (ii) of Section 12. The Closing of Brings’ purchase of the Property shall occur not later than thirty (30) days after the Parties’ execution of the Option Purchase Agreement (the “Option Closing Date”), and Sections 3, 4, 5, 6, 7 and 8 shall apply to Brings’ purchase of the Property and shall be modified as may be necessary for such purpose.