Default Call Option definition

Default Call Option means the call option pursuant to Clause 9.6(b). "Default Put Option" means the put option pursuant to Clause 9.6(a).

Default Call Option shall have the meaning ascribed to it in Clause 21.1(a);

Default Call Option means, in relation to any Non-Indemnified Event of Default, the right of any Non-Defaulting Shareholder to require the Defaulting Shareholder to sell all the Default Option Shares to the Non-Defaulting Shareholder(s) at 80% of the Fair Market Value per Share (as defined in Exhibit G).

Examples of Default Call Option in a sentence

• Upon Closing, HoldCo, the Investor, CKHGTI and W3 will enter into the Call Option Deed pursuant to which each of the Investor and CKHGTI will grant the Default Call Option to W3.

• Integrated Operator Call Option, Default Call Option, Material Underperformance Call Option and 2W Business Put OptionEach of the Integrated Operator Call Option, Default Call Option, Material Underperformance Call Option and 2W Business Put Option is granted to the Group at no cost and the exercise of which is at the discretion of the Group.

• The purchase price for such shares in respect of this Default Call Option shall be Fair Market Value.

• Said written notice shall include the computation by the Non-Defaulting Shareholder of the Default Call Option Price, which shall be deemed accepted unless disputed by the Defaulting Shareholder within three (3) Business Days from its receipt of said written notice.

• The settlement date of the call option pursuant to this paragraph (b) shall occur within 20 Default Call Option shall occur on a date elected by SBB (being a date falling no less than 3 Business Days and no more than 15 Business Days after the ending of such 20 calendar day perioddate when SBB exercises the Default Call Option)." The amendments above shall be referred to as the "Request".

More Definitions of Default Call Option

Default Call Option means the call option arising on default, details of which are set out in Exhibit IV.

Default Call Option. Section 12.1(a)

Default Call Option has the meaning given to it in Clause 10.3;

Default Call Option has the meaning given to it in Section 8.6

Default Call Option shall have the meaning ascribed to such term in Clause 2.3.1.

Default Call Option has the meaning set forth in Clause 9.1.1.

Default Call Option has the meaning set out in Clause 26.4.2(i); “Default Call Option Notice” has the meaning set out in Clause 26.4.2(ii); “Default Call Option Shares” has the meaning set out in Clause 26.4.2(i); “Default Call Option SPA” has the meaning set out in Clause 26.4.2(ii)(a); “Default Notice” has the meaning set out in Clause 26.2.1; “Defaulting Shareholder” has the meaning set out in Clause 26.1; “Draft Revised Annual Budget” has the meaning set out in Clause 19.2; “Draft Revised Business Plan” has the meaning set out in Clause 19.2; “Effective Date” has the meaning set out in Clause 31.1; [***] [***] [***] [***] “Emergency Loan” has the meaning set in out in Clause 24.3; “Emergency SHL Agreement” has the meaning set in out in Clause 24.3.4(i); “Encumbrance” means any claim, charge, mortgage, lien, option, equitable right, power of sale, pledge, hypothecation, retention of title, right of pre-emption, right of first refusal or other third party right(s) or security interest of any kind or an agreement, arrangement or obligation to create any of the foregoing; “Expenditures” has the meaning set out in lit (b) of Schedule 9.2.1; “Extended Material Breach Cure Period” has the meaning set out in Clause 26.4.2(i);