Availment Option definition

Availment Option means a method of borrowing which is available to the Borrower as provided herein.
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Availment Option means a method of borrowing which is available to the Borrower as provided herein;
Sample 1Sample 2
Availment Option means a method of borrowing which is available to a Borrower as provided herein.
Sample 1Sample 2

Examples of Availment Option in a sentence

  • The Borrower may convert Outstanding Advances under the Acquisition Credit Facility in the form of any of the above Availment Options into another form of Availment Option, subject to and in accordance with the terms and conditions of this Agreement.

  • If prior to the maturity of such Availment Option the Agent receives any funds from the Borrower or any other Person which are intended to be applied as a Repayment thereof, the Agent may retain such funds without any obligation to invest such funds or pay interest thereon, and shall apply such funds against such Availment Option on the scheduled maturity date thereof.

Related to Availment Option

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options 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.

  • option-based award means an award under an equity incentive plan of options, including, for greater certainty, share options, share appreciation rights, and similar instruments that have option-like features;

  • Nonqualified Stock Option means an Option that is not an Incentive Stock Option.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.