Option Procedures Sample Clauses

Option Procedures. (a) Within 10 days after notifying Transmission Provider and the Interconnected Transmission Owner of its election to exercise the Option to Build, Interconnection Customer shall solicit bids from one or more Approved Contractors named on the Interconnected Transmission Owner’s List of Approved Contractors to procure equipment for, and/or to design, construct and/or install, the Transmission Owner Interconnection Facilities that the Interconnection Customer seeks to build under the Option to Build on terms (i) that will meet the Interconnection Customer’s proposed schedule; (ii) that, if the Interconnection Customer seeks to have an Approved Contractor construct or install Transmission Owner Attachment Facilities and Direct Connection Network Upgrades, will satisfy all of the conditions on construction specified in Sections 3.2.3.2 and 3.2.3.3 of this Appendix 2; and (iii) that will satisfy the obligations of a Constructing Entity (other than those relating to responsibility for the costs of facilities) under this Appendix 2. (b) Any additional costs arising from the bidding process or from the final bid of the successful Approved Contractor shall be the sole responsibility of the Interconnection Customer. (c) Upon receipt of a qualifying bid acceptable to it, the Interconnection Customer shall contract with the Approved Contractor that submitted the qualifying bid. Such contract shall meet the standards stated in paragraph (a) of this section. (d) In the absence of a qualifying bid acceptable to the Interconnection Customer in response to its solicitation, the Interconnected Transmission Owner(s) shall be responsible for the design, procurement, construction and installation of the Transmission Owner Interconnection Facilities in accordance with the Standard Option described in Section 3.2.1 of this Appendix 2.
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Option Procedures. If ACX either fails timely to lease Suite 304 or irrevocably waives its right lease Suite 304, then Lessor shall give to Lessee a written offer ("Offer") to lease Suite 304. Said Offer shall be upon the terms set forth in Subparagraph B(4) of this Paragraph 8 and shall be subject to the rights of CLAM to lease Suite 304 on the terms set forth in the Offer. Lessee shall have fourteen (14) business days following receipt of the Offer to give written notice ("Acceptance Notice") to Lessor accepting the Offer. If Lessee does not timely give the Acceptance Notice, Lessee shall have no further right to lease Suite 304 pursuant to this Subparagraph B, time being of the essence of this Subparagraph B. If Lessee timely gives the Acceptance Notice, then, subject to the provisions of this Subparagraph B, Lessor shall demise and lease to Lessee, and Lessee shall hire and take from Lessor Suite 304 on the terms set forth in the Offer. Notwithstanding anything to the contrary herein contained: (a) If ACX exercises its right to lease Suite 304, then Lessor shall have no obligation to give an Offer to lease Suite 304 to Lessee and Lessee shall have no further right to lease Suite 304; and (b) Lessee acknowledges that CLAM will have the right to lease Suite 304 based upon the Offer if it is accepted by Lessee. Therefore, if CLAM exercises its right to lease Suite 304, Lessee shall have no further right to lease Suite 304.
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Option Procedures. (a) Within 10 days after notifying Transmission Provider and the Transmission Owner of its election to exercise the Option to Build, Developer Party shall solicit bids from one or more Approved Contractors named on the Transmission Owner’s List of Approved Contractors to procure equipment for, and/or to design, construct and/or install, the Network Upgrades that the Developer Party seeks to build under the Option to Build on terms (i) that will meet the Developer Party’s proposed schedule; (ii) that, if the Developer Party seeks to have an Approved Contractor construct or install Stand Alone Network Upgrades, will satisfy all of the conditions on construction specified in Sections 6.2..2 and 6.2.3 of this Appendix III; and (iii) that will satisfy the obligations of a Constructing Entity (other than those relating to responsibility for the costs of facilities) under this CSA. (b) Any additional costs arising from the bidding process or from the final bid of the successful Approved Contractor shall be the sole responsibility of the Developer Party. (c) Upon receipt of a qualifying bid acceptable to it, the Developer Party shall contract with the Approved Contractor that submitted the qualifying bid. Such contract shall meet the standards stated in paragraph (a) of this section. (d) In the absence of a qualifying bid acceptable to the Developer Party in response to its solicitation, the Transmission Owner(s) shall be responsible for the design, procurement, construction and installation of the Network Upgrades in accordance with the Standard Option described in Section 6.2.1 of this Appendix III.
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Option Procedures. (a) Within 10 days after notifying Transmission Provider and the Transmission Owner of its election to exercise the Option to Build, New Service Customer shall solicit bids from one or more Approved Contractors named on the Transmission Owner’s List of Approved Contractors to procure equipment for, and/or to design, construct and/or install, the Direct Assignment Facilities or Customer-Funded Upgrades that the New Service Customer seeks to build under the Option to Build on terms (i) that will meet the New Service Customer’s proposed schedule; (ii) that, if the New Service Customer seeks to have an Approved Contractor construct or install Direct Assignment Facilities or Customer-Funded Upgrades, will satisfy all of the conditions on construction specified in Sections 6.2..2 and 6.2.3 of this Appendix III; and (iii) that will satisfy the obligations of a Constructing Entity (other than those relating to responsibility for the costs of facilities) under this Upgrade CSA. (b) Any additional costs arising from the bidding process or from the final bid of the successful Approved Contractor shall be the sole responsibility of the New Service Customer. (c) Upon receipt of a qualifying bid acceptable to it, the New Service Customer shall contract with the Approved Contractor that submitted the qualifying bid. Such contract shall meet the standards stated in paragraph (a) of this section. (d) In the absence of a qualifying bid acceptable to the New Service Customer in response to its solicitation, the Transmission Owner(s) shall be responsible for the design, procurement, construction and installation of the Direct Assignment Facilities or Customer-Funded Upgrades in accordance with the Standard Option described in Section 6.2.1 of this Appendix III.
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Option Procedures. If CAMBRIDGE COMMUNICATIONS and ACX both fail timely to lease Suite 303 and/or irrevocably waive their tights to lease Suite 303, then Lessor shall give to Lessee a written offer ("Offer") to lease Suite 303. Said Offer shall be upon the terms set forth in Subparagraph C of this Paragraph 8 and shall be subject to the rights of CLAM to lease Suite 303 on the terms set forth in the Offer. Lessee shall have fourteen (14) business days following receipt of the Offer to give written notice ("Acceptance Notice") to Lessor accepting the Offer. If Lessee does not timely give the Acceptance Notice, Lessee shall have no further right to lease Suite 303 pursuant to this Subparagraph C, time being of the essence of this Subparagraph C. If Lessee timely gives the Acceptance Notice, then, subject to the provisions of this Subparagraph C, Lessor shall demise and lease to Lessee, and Lessee shall hire and take from Lessor Suite 303 on the terms set forth in the Offer. Notwithstanding anything to the contrary herein contained: (a) If either CAMBRIDGE COMMUNICATIONS or ACX exercises its right to lease Suite 303, then Lessor shall have no obligation to give an Offer to lease Suite 303 to Lessee and Lessee shall have no further right to lease Suite 303; and (b) Lessee acknowledges that CLAM will have the right to lease Suite 303 based upon the Offer if it is accepted by Lessee. Therefore, if CLAM exercises its right to lease Suite 303, Lessee shall have no further right to lease Suite 303.
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Option Procedures. If Sublessee elects the Purchase Option, Sublessor shall execute and deliver to Sublessee such documents as may be reasonably required to release the Equipment from the terms and scope of this Sublease and to transfer the right, title and interest of Sublessor in the Equipment to Sublessee without representations or warranties except that the Equipment is free and clear of the Lease, in such form as may be reasonably requested by Sublessee all at Sublessee's sole cost and expense.
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Option Procedures. Section 3.6
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Option Procedures. The Lead Compound Option shall be exercisable solely by the Securityholder Agent on behalf of all of the Former Company Stockholders. Parent will (i) deliver written notice (the "Parent Notice") to the Securityholder Agent promptly after it has determined that neither of the conditions described in Section 1.6(b)(ii)(A) has been satisfied and (ii) permit the Securityholder Agent and up to two (2) consultants designated by the Securityholder Agent to review the Lead Compound Information and the Lead Compound Documents, provided that the Securityholder Agent and the consultants execute a confidentiality agreement in a form reasonably acceptable to Parent prior to initiating such review. To exercise the Lead Compound Option, the Securityholder Agent must deliver to Parent written notice (the "Agent Notice") of his or her election on behalf of all of the Former Company Stockholders to exercise the Lead Compound Option within thirty (30) calendar days after the date of the Parent Notice. Parent shall, promptly after receipt of the Agent Notice, use its reasonable efforts to obtain the consent of the party from whom the rights to the Lead Compound have been licensed (the "Licensing Party") to the transfer of all of Parent's and the Company's rights in the Lead Compound Rights to the Securityholder Agent or his or her designee, free and clear of all liens and security interests created by Parent or, after the Effective Time, the Company. Parent shall not, however, be required to pay any consideration to the Licensing Party or to utilize any extraordinary efforts to obtain the Licensing Party's consent to the transfer. In the event that within sixty (60) days of the date of the Agent Notice (A) the Licensing Party for any reason will not consent to the transfer or (B) the Securityholder Agent has not delivered to Parent a power of attorney in the form approved by Parent executed by each Former Company Stockholder, which power of attorney shall be in full force and effect and shall appoint the Securityholder Agent as the attorney-in-fact for such Former Company Stockholder to take all actions on behalf of such Former Company Stockholder that the Securityholder Agent deems necessary or desirable in connection with the Merger, and shall release Parent from all claims related to actions taken in reliance on certificates or instructions of the Securityholder Agent, the Lead Compound Option shall terminate and Parent shall be under no obligation (X) to continue to attem...
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Option Procedures 
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Related to Option Procedures

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  • Arbitration Procedures In the event that the teacher and the School Board are unable to resolve any grievance, the grievance may be submitted to arbitration as defined herein: 1. Request: A request to submit a grievance to arbitration must be in writing signed by the aggrieved party, and such request must be filed in the office of the superintendent within ten (10) days following the decision in Level III of the grievance procedure.

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