Examples of Bank Option in a sentence
The Exchange Agent shall be entitled to rely upon the records of the Bank and the information provided in such demand for cancellation documentation provided by any such holder of a Bank Option, as verified by the Company as to the method and means of payment and disposition of such consideration.
Each holder of a Bank Option who presents a demand for cancellation and payment of such Bank Option as provided in Section 2.8 of the Agreement to the Exchange Agent prior to the Closing shall, upon acceptance thereof, be entitled to the per share equivalent of the Aggregate Option Price.
In no event shall alternative action (i) of Article VIII of the Plan be taken with respect to any National Bank Option during the first thirty-six (36) months after commencement of operations of such national banking association.
In no event shall "cashless" exercises of any National Bank Option be permitted, nor shall alternative action (ii) of Article VIII of the Plan be taken with respect to any National Bank Option, while the Office of the Comptroller of the Currency prohibits "cashless" exercises of stock options.
Notwithstanding anything contained in this Agreement to the contrary, First Community and the Minority Bank each acknowledge and agree that any holder of a Minority Bank Option may, at any time prior to the Closing Date, exercise such option in accordance with its terms and conditions.
During the first thirty-six (36) months after commencement of operations of such national banking association, there shall be no acceleration in exercisability of such National Bank Option in the event of a Change in Control.
From and after the Effective Date of the Reorganization, (i) each Bank Option assumed by the Company hereunder may be exercised solely for Company Stock, (ii) the number of shares of Company Stock subject to such Bank Option shall be equal to the number of shares of Bank Stock subject to such Bank Option immediately prior to the Effective Date, and (iii) the per share exercise price under each such Bank Option shall be the per share price of the Bank Stock as of the Effective Date.
BHC shall assume each such Bank Option in accordance with the terms of the plan or agreement by which it is evidenced, subject to the foregoing.
Exhibit 4.2 sets forth the name of each holder of a Bank Option, the number of shares of Bank Stock covered by each such holder's option, the date of grant of each such holder's option, the exercise price per share, the vesting schedule for each such holder's option, and the expiration date of each such holder's option.
Lender will hold all Tenant Direction Letters in escrow; provided, however, upon the occurrence of a Cash Management Trigger, unless the Clearing Bank Option shall have been exercised and implemented, Lender shall have the right to deliver a Tenant Direction Letter to each tenant at the Property.