Option to Purchase has the meaning set forth in Section 13.1.
Option to Purchase means an option to purchase dated the day of 20 granted by the Vendor to the Borrower and duly accepted by the Borrower on the day of 20.
Option to Purchase means a contract by which a local agency enters an agreement with another entity to allow the latter to purchase surplus land at a specified price, or within a reasonable time in the future, but without imposing an obligation to purchase upon the option holder.
Examples of Option to Purchase in a sentence
The Borrower shall punctually pay all amounts due owing or outstanding under the Facilities on the due date or dates thereof and in accordance with the provisions of this Agreement, the Option to Purchase, the Security Documents and the Sale and Purchase Agreement.
More Definitions of Option to Purchase
Option to Purchase means the option to purchase the Vessels referred to in Article 8 of the Agreement;
Option to Purchase. On the first Optional Termination Date and any Distribution Date thereafter, the Master Servicer, upon instruction by the Depositor, shall purchase the Mortgage Loans. If the Depositor fails to instruct the Master Servicer to purchase the Mortgage Loans, the Master Servicer has the right and, at its own option, may purchase the Mortgage Loans on the first Distribution Date and any Distribution Date thereafter on which the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period is less than or equal to 5.00% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.
Option to Purchase means the Option to Purchase Affordable Housing agreement which may be entered into by and between San Miguel County, the Owner and the holder of a first mortgage that grants the Housing Authority the right to acquire the Subject Property in event of a foreclosure (see Section 5-1305 F.V.).
Option to Purchase. With respect to any Optional Termination Date, the right of the Master Servicer at its own option to purchase the Mortgage Loans.
Option to Purchase. (Shares) Shares (the "Option Shares") Date of Grant: (Grant Date) ------------------- -------------- Granted to (the "Optionee"): (Name) Option Price: (Price) ---------------------------- ------------- Social Security Number: (SSN) Expiration Date: 25% on (Date) ----------------------- ---------------- 25% on (Date) 25% on (Date) 25% on (Date) Vesting Start Date(the "Vesting Start Date"): (Vesting Start Date) --------------------------------------------- Vesting Schedule: To vest 25.000% on the one year anniversary of the Vesting ---------------- Start Date and an additional 2.083% each month thereafter up to and including the 48th month so that the Option is fully vested 48 months after the vesting start date. By acceptance of this Option, the Optionee agrees to the terms and conditions on the reverse side of this certificate and in the Plan. /s/ Xxxxx X. Xxxx ------------------------------- ----------------------------- [LOGO] XXXXX X. XXXX Cambridge Technology Partners CHIEF EXECUTIVE OFFICER ------------------------------- Cambridge Technology Partners (Massachusetts), Inc.
Option to Purchase means the non-qualified option to purchase Common Stock granted under the Certificate of Stock Option Grant.
Option to Purchase means the grant by Daem to the Optionee as set forth in paragraph 4.01 hereof;