Parties' Option Sample Clauses

Parties' Option. In addition to Fed Funds Loans pursuant to Section 2.1, but subject to the terms and conditions of this Agreement (including, without limitation, the limitation set forth in Section 4.1(b) as to the aggregate principal amount of Revolving Loans at any time outstanding hereunder), from time to time the Company may request the Bank to make offers to make to the Company Revolving Loans which are designated as Money Market Loans. The Bank may, but shall have no obligation to, make such offers, and the Company may, but shall have no obligation to, accept any such offers.
Sample 1
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Parties' Option. Chesapeake hereby grants to the Gothic Parties as a group the option to purchase up to an undivided fifty percent (50%) interest in Chesapeake Acreage (as hereinafter defined) to be acquired by Chesapeake pursuant to an agreement entered into with an unaffiliated third party after the Closing Date reduced by any existing or future area of mutual interest agreement which Chesapeake enters into with an unaffiliated third party covering all or part of the Chesapeake Acreage. If Chesapeake or any affiliate of Chesapeake enters into a definitive agreement or contract during the term of this Agreement providing for the acquisition of any Chesapeake Acreage in the Chesapeake AMI, Chesapeake will give written notice to the Gothic Parties of the acquisition within ten (10) days after such agreement is executed and the xxxxxxx money deposit, if any, is paid by Chesapeake (a "CGC Acquisition Notice"). The CGC Acquisition Notice will set forth and include: (a) the location of all of the Chesapeake Acreage as reflected on an accompanying plat; (b) an itemized statement of CGC Acquisition Costs (as hereinafter defined) and amount of acreage covered by the CGC Acquisition Notice; (c) the date of the acquisition and a copy of any letters of intent, purchase contracts, agreements, mineral leases and assignments; (d) all of the terms of such acquisition (including leasehold burdens and drilling commitments); (e) all title information in the possession of or available to Chesapeake; and (f) and any other information reasonably requested by the Gothic Parties. The foregoing information will be made available to the Gothic Parties for review and photocopying. At the Gothic Parties' option, to be exercised within fifteen (15) days after receipt of each CGC Acquisition Notice, the Gothic Parties will have the right to acquire up to an undivided fifty percent (50%) interest in the Chesapeake Acreage acquired by Chesapeake as reduced by any existing or future area of mutual interest agreement which Chesapeake enters into with an unaffiliated third party covering all or part of the Chesapeake Acreage. The purchase price (the "Gothic Price") for the Chesapeake Acreage to be acquired by the Gothic Parties will be the amount equal to the portion of the CGC Acquisition Costs equal to the percentage of the Chesapeake Acreage which the Gothic Parties elect to acquire under this paragraph 8.1.
Sample 1
Parties' Option. Subject to the terms and conditions of this Agreement, from time to time the Company may request the Bank to make offers to the Company to make Revolving Loans which are designated as Negotiated Rate Loans. The Bank may, but shall have no obligation to, make such offers, and the Company may, but shall have no obligation to, accept such offers.
Sample 1

Related to Parties' Option

  • Call Option The Company shall have the option to "call" the Warrants (the "Warrant Call"), in accordance with and governed by the following:

  • Option Rights Except as provided below, the Option shall be valid for a term commencing on the Grant Date and ending 10 years after the Grant Date (the "EXPIRATION DATE").

  • Option This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and Tenant. The submission of the Lease to Tenant does not constitute a reservation of or option for the Premises, but when executed by Tenant and delivered to Landlord, the Lease shall constitute an irrevocable offer by Tenant in effect for fifteen (15) days to lease the Premises on the terms and conditions herein contained.

  • Treatment of Expired Options and Unexercised Convertible Securities If, in any case, the total number of shares of Common Stock issuable upon exercise of any Option or upon conversion or exchange of any Convertible Securities is not, in fact, issued and the rights to exercise such Option or to convert or exchange such Convertible Securities shall have expired or terminated, the Exercise Price then in effect will be readjusted to the Exercise Price which would have been in effect at the time of such expiration or termination had such Option or Convertible Securities, to the extent outstanding immediately prior to such expiration or termination (other than in respect of the actual number of shares of Common Stock issued upon exercise or conversion thereof), never been issued.

  • Stock Option Agreement Each grant of an Option under the Plan shall be evidenced by a Stock Option Agreement between the Optionee and the Company. Such Option shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The Stock Option Agreement shall specify whether the Option is an ISO or an NSO. The provisions of the various Stock Option Agreements entered into under the Plan need not be identical. Options may be granted in consideration of a reduction in the Optionee’s other compensation.

  • Option Right Landlord hereby grants to the originally named Tenant herein (“Original Tenant”), and its “Permitted Assignees”, as that term is defined in Section 14.8, below, one (1) option to extend the Lease Term for a period of five (5) years (the “Option Term”), which option shall be irrevocably exercised only by written notice delivered by Tenant to Landlord not more than twelve (12) months nor less than nine (9) months prior to the expiration of the initial Lease Term, provided that the following conditions (the “Option Conditions”) are satisfied: (i) as of the date of delivery of such notice, Tenant is not in default under this Lease, after the expiration of any applicable notice and cure period; (ii) Tenant has not previously been in default under this Lease, after the expiration of any applicable notice and cure period, more than twice in the twelve (12) month period prior to the date of Tenant’s attempted exercise; and (iii) the Lease then remains in full force and effect. Landlord may, at Landlord’s option, exercised in Landlord’s sole and absolute discretion, waive any of the Option Conditions in which case the option, if otherwise properly exercised by Tenant, shall remain in full force and effect. Upon the proper exercise of such option to extend, and provided that Tenant satisfies all of the Option Conditions (except those, if any, which are waived by Landlord), the Lease Term, as it applies to the Premises, shall be extended for a period of five (5) years. The rights contained in this Section 2.2 shall be personal to Original Tenant and any Permitted Assignees, and may be exercised by Original Tenant or such Permitted Assignees (and not by any other assignee, sublessee or other “Transferee,” as that term is defined in Section 14.1 of this Lease, of Tenant’s interest in this Lease).

  • Initial Option Grant As of the end of the day of the date this Agreement is signed by the Company and Employee, the Company shall grant Employee an option to purchase the number of shares described in Exhibit A of common stock of the Company under the Company's 1992 Stock Option Plan, as amended, having an exercise price per share equal to the fair market value (as defined in the Stock Option Plan) of a share of common stock of the Company. Except as otherwise provided in the Stock Option Plan, the option shall become exercisable as described in Exhibit A.

  • Conditional Exercise Notwithstanding any other provision hereof, if an exercise of any portion of this Warrant is to be made in connection with a public offering or a sale of the Company (pursuant to a merger, sale of stock, or otherwise), such exercise may at the election of the Holder be conditioned upon the consummation of such transaction, in which case such exercise shall not be deemed to be effective until immediately prior to the consummation of such transaction.

  • Call Options (a) If the Executive's employment with the Company or any of its subsidiaries terminates for any of the reasons set forth in clauses (i), (ii) or (iii) below prior to a Sale of the Company, or if the Executive engages in Competitive Activity (as defined in Section 9.1 of this Agreement), for any Units issued 181 days or more prior to the date of Executive's termination of employment or engagement in Competitive Activity, within 120 days after such date (or in the case of Units issued 180 days or less prior to such date or at any time after such date, no earlier than 181 days and no later than 271 days after the date of issuance of such Units), Dairy Holdings shall have the right and option to purchase, and the Executive and the Executive's Permitted Transferees (hereinafter referred to as the "Executive Group") shall be required to sell to Dairy Holdings, any or all of such Units then held by such member of the Executive Group (it being understood that if Units of any class subject to repurchase hereunder may be repurchased at different prices, Dairy Holdings may elect to repurchase only the portion of the Units of such class subject to repurchase hereunder at the lower price), at a price per unit equal to the applicable purchase price determined pursuant to Section 7.2(c):

  • Second Option If Tenant exercises the First Option, Landlord grants Tenant an additional option (the "Second Option") to extend the term of the Lease for one (1) additional term of five (5) years (the "Second Option Term"). The Second Option applies only to the Premises and is on the following conditions:

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