Common use of Option Transactions Clause in Contracts

Option Transactions. (a) The purchase price for each of the issued and outstanding Options from the Optionholders shall be an amount, in cash, equal to the Per Share Purchase Price MINUS the exercise price for such Option (the "PER OPTION PURCHASE PRICE"). (b) On the basis of the representations, warranties, covenants and agreements and subject to satisfaction or waiver of the terms and conditions set forth herein, each of the Optionholders agrees to and will consummate, at the Closing, the following transactions (the "OPTION PURCHASE TRANSACTIONS"): each Optionholder shall sell, assign, transfer and convey to Buyer, and Buyer shall purchase and acquire from each Optionholder, all of the Options held by each Optionholder set forth opposite such Optionholder's name on the attached OPTIONHOLDERS SCHEDULE against payment at the Closing of the Closing Per Option Purchase Price (as defined in Section 1.06(a) below) for each Option, it being understood that Buyer's payment obligations are as set forth in Sections 1.02, 1.05, 1.06 and 1.07(b)(i) and (ii).

Option Transactions. (a) The purchase price for each of the issued and outstanding Options from the Optionholders shall be an amount, in cash, equal to the Per Share Purchase Price MINUS minus the exercise price for such Option (the "PER OPTION PURCHASE PRICE"). (b) On the basis of the representations, warranties, covenants and agreements and subject to satisfaction or waiver of the terms and conditions set forth herein, each of the Optionholders agrees to and will consummate, at the Closing, the following transactions (the "OPTION PURCHASE TRANSACTIONS"): each Optionholder shall sell, assign, transfer and convey to Buyer, and Buyer shall purchase and acquire from each Optionholder, all of the Options held by each Optionholder set forth opposite such Optionholder's name on the attached OPTIONHOLDERS SCHEDULE against payment at the Closing of the Closing Per Option Purchase Price (as defined in Section 1.06(a) below) for each Option, it being understood that Buyer's payment obligations are as set forth in Sections 1.02, 1.05, 1.06 and 1.07(b)(i) and (ii).