Period for Exercise Sample Clauses
The 'Period for Exercise' clause defines the specific timeframe during which a party is permitted to exercise a particular right, such as an option or contractual privilege. Typically, this clause will state the start and end dates or conditions that trigger and conclude the exercise period, ensuring all parties are aware of the window of opportunity. By clearly establishing these boundaries, the clause prevents disputes over late or invalid attempts to exercise rights and provides certainty regarding the timing of contractual actions.
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Period for Exercise. WiCell shall have the right to exercise part or all of its put option under this Section 3 for: (i) a period of one (1) year beginning with the seventh (7th) anniversary of the Effective Date; or (ii) the date which is ninety (90) days prior to an initial public offering (“IPO”); or (iii) the first date any other put option is permitted to be exercised as held by a venture capital investor or founder. Said put options shall expire on the earlier of sixty (60) days prior to consummation of an IPO, or one year after the occurrence of the events specified in (i) and (iii). If at any time prior to WiCell's exercising its put option(s) rights, Company has received ten million dollars ($10,000,000) in aggregate equity funding from institutional investors, WiCell's put option rights described in this Section 3 shall terminate.
Period for Exercise. The right to purchase shares of Warrant Shares represented by this Warrant shall be immediately exercisable, and shall expire at 5:00 p.m., Chicago local time, January 01, 2006 (the "Expiration Date"). From and after the Expiration Date this Warrant shall be null and void and of no further force or effect whatsoever.
Period for Exercise. The right to purchase shares of Warrant Shares represented by this Warrant shall be immediately exercisable, and shall expire at 5:00 p.m., Chicago local time, _______, 2009 [5 YRS FROM DATE OF PURCHASE AGREEMENT] (the "EXPIRATION DATE"). From and after the Expiration Date this Warrant shall be null and void and of no further force or effect whatsoever.
Period for Exercise. The right to purchase shares of Warrant Stock represented by this Warrant may be exercised during the period commencing on the Original Issue Date listed above and expiring on the tenth anniversary of such date (the “Expiration Date”). From and after the Expiration Date this Warrant shall be null and void and of no further force or effect.
Period for Exercise. This Option shall become exercisable immediately upon the date of grant ( , 20 ). All rights to exercise this Option shall terminate upon the earlier of (a) ten (10) years from the date the Option is granted ( , 20 ), or (b) two (2) years from the date the Grantee ceases to be a Director.
Period for Exercise. The right to purchase shares of Warrant Shares represented by this Warrant shall be immediately exercisable, and shall expire at 5:00 p.m., Ontario local time, September 21, 2009 (the “Expiration Date”). From and after the Expiration Date this Warrant shall be null and void and of no further force or effect whatsoever.
Period for Exercise. (i) C9 Wireless may exercise the Royal Street Put by delivery of an Exercise Notice during any of the following periods: (A) during the period beginning on the earlier of (I)***, subject to applicable notice provisions, or (II) the date that is *** prior to the *** , and ending on the date that is *** prior to the *** (“First Put Exercise Period”); (B) during the sixty-day period ending on the date that is *** prior to the *** (“Second Put Exercise Period”); or (C) during the sixty-day period ending on the date that is *** prior to the ***. (“Third Put Exercise Period”); and
(ii) C9 Wireless may exercise the Holding Subsidiary Put by delivery of an Exercise Notice during any of the periods described in Section 5.4(b)(i) above, provided that such exercise periods shall be determined solely with respect to the Licenses held by such Holding Subsidiary.
Period for Exercise. If the CLT elects to exercise the purchase option set forth in Section 10.6 above, the CLT shall:
a. notify the Lessee of its election to purchase within forty-five (45) days of the receipt of the Intent to Sell Notice; and
b. exercise the foregoing option to purchase within sixty (60) days of the CLT's notice of election to purchase or its option will expire. The CLT's notice of election shall include the CLT's determination of the Purchase Option Price.
Period for Exercise. If Lessor shall elect to exercise the purchase option set forth in Section 10.4, Lessor shall: (a) notify Lessee of its election to purchase within forty-five (45) days of the receipt of the Intent to Sell Notice, and (b) exercise the foregoing option to purchase within sixty (60) days of Lessor’s notice of election to purchase or its option will expire. Lessor’s notice of election shall include Lessor’s good faith estimation of the Actual Purchase Option Price. If the Actual Purchase Option Price is determined by appraisal as set forth below and is more than 110% of Lessor's estimation in its notice of election, then Lessor may cancel its election to purchase by notice to Lessee given within three (3) business days of the date on which Lessor is notified of the Actual Purchase Option Price. If Lessor so cancels such election, the Lessee shall be free to proceed under Section 10.4 (b) (3) above.
Period for Exercise. CHT must exercise the foregoing option to purchase within one hundred twenty (120) days of its receipt of the Appraisal, or its option will expire. Any extension of time to exercise the option shall be made only by the mutual written consent of CHT and Homeowner. Upon expiration of CHT’s option to purchase the Improvements the Homeowner shall be free to either sell the Improvements as set forth below, or remove same in accordance with Article 7, Section 7.6(b) of this Lease. Homeowner may sell the Improvements for CHT’s Purchase Option Price to a person, or group of persons whose combined income does not exceed ninety-five percent (95%) of the median income adjusted for household size for households residing in the Standard Metropolitan Statistical Area (“SMSA”) within which the Leased Premises are located or the maximum household income as set forth in any Covenant(s) attached to the Property, whichever is less. Said median incomes and SMSA shall be set forth in regulations promulgated from time to time by the United States Department of Housing and Urban Development. Said sale must be in compliance with any other Covenant(s) attached to the Property. Homeowner shall provide CHT with the name and address of the proposed purchaser together with such other information as CHT may require in order for CHT to approve the purchase, which approval shall not be unreasonably withheld. The new purchaser must be willing to sign a Lease for the Leased Premises that includes a similar option price formula and resale restrictions.