Additional Option Period definition

Additional Option Period means five Business Days from the date that the Securityholders received final documentation reflecting the transfer of the Additional Optioned Shares, in a form reasonably acceptable to the Securityholders;
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Additional Option Period has the meaning set forth in Section 6.2(ii)(b) hereof.
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Additional Option Period shall have the meaning set forth in ------------------------ Section
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Examples of Additional Option Period in a sentence

  • On or before the expiration of the Option Period, at the written request of the Company and DDD and upon payment by the Company and DDD to BTCo of an additional amount of $100,000 (the "Additional Option Price") on or before the expiration of the Option Period, the Option Period shall be extended to the earlier of (xx) the occurrence of a Termination Event and (yy) September 17, 1999 (the "Additional Option Period").

  • If the Company and DDD do not exercise the Option during the Option Period or the Additional Option Period, as the case may be, the Option Price and the Additional Option Price (if any) shall be retained by BTCo and applied as set forth in the preceding sentence, and the Company, DDD and all other persons and entities shall have no further rights or claims with respect to the Option, the Option Price or the Additional Option Price.

  • Regardless of whether the Company and DDD exercise the Option during the Option Period or the Additional Option Period, as the case may be, the Option Price and the Additional Option Price (if any) paid to BTCo shall be applied by BTCo to reduce the principal amount of the 1997 Note.

  • As consideration for the Additional Option during [***] year of the Additional Option Period, MERCK shall pay to VICAL [***] for each CANCER TARGET for which it has not yet exercised an Additional Option as of the [***] anniversary of the Amendment Effective Date of this Fifth Amendment.

  • Upon receipt of any such notice, Wallxx- Xxxxxx xxxll have the option (which must be exercised by written notification to the Company and the other Non-Defaulting Purchasers within ten (10) Business Days of receipt of the notice referred to in this Section 2.3(e) hereof (the "Additional Option Period"), to purchase all or any portion of the Additional Shares to be purchased by the Defaulting Purchaser (the "Additional Default Shares").

  • Such payments shall be made within 30 days after the start of the [***] years of the Additional Option Period, and upon issuance of an invoice to MERCK by VICAL.

  • The references in Section 24.1(a) of the Existing Lease to Annual Minimum Rental, Percentage Rental, Additional Option Period Rent or Additional Rentals shall refer to the Annual Rental set forth in Section 5 of this Amendment, together with all other sums due to Landlord under the Lease, as amended by this Amendment.

  • At any time prior to expiration of the Option Period, Lessee may extend the Option Period for additional periods of one (1) year each (each, an “Additional Option Period”), by giving Landlord written notice (email being sufficient) of Xxxxxx’s intent to extend the Option Period for such Additional Option Period and payment to the Landlord of an amount equal to $835.00 (“Additional Option Fee”) for the Additional Option Period.

  • For clarity, (i) Merus is not required to exercise either Additional Co-Development Option, (ii) a Novel Program to which an Additional Co-Development Option applies may cover a [*] Target Pair to the extent permitted in Section 4.3(b), and (iii) if Merus does not exercise an Additional Co-Development Option within the applicable Additional Option Period, then Licensed Products arising from such Novel Program will be Novel Program Products or [*] Non-Co Products and not Additional Co-Development Products.

  • The closing of any purchase pursuant to this ------- Section shall take place within 60 days of the termination of the Initial Option Period or the Additional Option Period, as the case may be, at the office of the Corporation's attorneys, or at such other location as the parties may agree.


More Definitions of Additional Option Period

Additional Option Period shall have the meaning assigned to that term in Section 2.3(e) hereof.
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Related to Additional Option Period

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Option Period means the period during which an Option may be exercised.

  • Call Option Date As defined in Section 10.01(a) hereof.

  • Purchase Option Period As defined in Section 9.03(a) hereof.

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of (1) two years following such Change in Control or (2) the Executive’s death.

  • Start-up period means up to a maximum of 7 Academy Financial Years and covers the period up to and including the first Academy Financial Year in which all age groups are present at the Academy (that is, all the pupil cohorts relevant to the age-range of the Academy will have some pupils present).

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Second Extension Period means the period of one (1) Contract Year commencing immediately after the end of the First Extension Period.

  • Election Period means the period immediately preceding the beginning of each Plan Year established by the Administrator, such period to be applied on a uniform and nondiscriminatory basis for all Employees and Participants. However, an Employee's initial Election Period shall be determined pursuant to Section 5.1.

  • Option Date means, with respect to any Stock Option, the date on which the Stock Option is awarded under the Plan.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Option Exercise Period has the meaning set forth in Section 6.4.

  • Call Option Repayment Date means the settlement date for the Call Option determined by the Issuer pursuant to Clause 10.2 (Voluntary early redemption – Call Option), Clause 10.3(d) or a date agreed upon between the Bond Trustee and the Issuer in connection with such redemption of Bonds.

  • Non-Call Period has the meaning set forth under the definition of “Specific Redemption Provisions.”

  • Repurchase Period means a period of 90 consecutive days commencing on the date when the Optionee’s Service terminates for any reason, including (without limitation) death or disability.

  • Optional Termination Price On any date after the Initial Optional Termination Date, an amount equal to the sum of (A) the aggregate Stated Principal Balance of each Mortgage Loan (other than any Mortgage Loan that has become an REO Property) as of the Distribution Date on which the proceeds of the Optional Termination are distributed to the Certificateholders, plus accrued interest thereon at the applicable Mortgage Rate as of the Due Date preceding the Distribution Date on which the proceeds of the Optional Termination are distributed to Certificateholders and the fair market value of any REO Property, plus accrued interest thereon as of the Distribution Date on which the proceeds of the Optional Termination are distributed to Certificateholders, (B) any unreimbursed out-of-pocket costs and expenses owed to the Master Servicer, the Trustee or the Securities Administrator (including any amounts incurred by the Securities Administrator in connection with conducting the Auction), a Servicer or the Master Servicer and any unpaid or unreimbursed Servicing Fees, Monthly Advances and Servicing Advances, (C) any unreimbursed costs, penalties and/or damages incurred by the Trust Fund in connection with any violation relating to any of the Mortgage Loans of any predatory or abusive lending law and (D) in the event an Auction has been conducted, all reasonable fees and expenses incurred by the Securities Administrator to conduct the Auction.

  • Renewal Option has the meaning set forth in §12.1.

  • Purchase Period means a period of time specified within an Offering, generally beginning on the Offering Date or on the first Trading Day following a Purchase Date, and ending on a Purchase Date. An Offering may consist of one or more Purchase Periods.

  • Call Option Notice means a written notice from the holder of the Call Option or the Administrator, as applicable, stating its desire to exercise the Call Option on the related Reset Date, delivered to each Clearing Agency, the Indenture Trustee, the Remarketing Agents, the Rating Agencies and, if the related class of Reset Rate Notes is then listed on the Luxembourg Stock Exchange, the Administrator will forward a copy to the Luxembourg Listing Agent (the contents of which are to be published in a leading newspaper having general circulation in Luxembourg).

  • Non-Vested Shares means any portion of the Restricted Stock subject to this Agreement that has not become vested pursuant to this Section 2.

  • Nomination Period means, in respect of a Nomination, the period from the Nomination Start Time to the Nomination End Time;

  • Qualifying Period means 12 continuous Calendar Weeks during the whole or part of which the Agency Worker is supplied by one or more Temporary Work Agencies to the relevant Hirer to work temporarily for and under the supervision and direction of the relevant Hirer in the same role, and as further defined in the Schedule to these Terms;

  • Qualified Election Period means the six Plan Year period beginning with the Plan Year in which the Participant first becomes a Qualified Participant.

  • Covered Call Option means an exchange traded option entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities (excluding Futures Contracts) which are owned by the writer thereof and subject to appropriate restrictions.