Common use of Unit Purchase Option Clause in Contracts

Unit Purchase Option. At or before the First Closing Date, Marquee will sell to The Underwriters or their designees, as permitted by the NASD, for a consideration of $335, and upon the terms and conditions set forth in the form of Unit Purchase Option annexed as an exhibit to the Registration Statement, a Unit Purchase Option to purchase an aggregate of 335,000 Units. In the event of conflict in the terms of this Agreement and the Unit Purchase Option, the language of the Unit Purchase Option shall control.

Appears in 2 contracts

Sources: Underwriting Agreement (Marquee Group Inc), Underwriting Agreement (Marquee Group Inc)