Early Call Option definition

Early Call Option means, the option held, at the sole discretion of the Insured, to cancel this Policy on a cut-off basis on the Premium Payment Date that is sixty (60) months after the Effective Date.
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Early Call Option means the option held at the sole discretion of the Insured to cancel this Policy on a cut-off basis annually on a Premium Payment Date that is at least sixty (60) months after the Rate Recalculation Date according to the Call Option Schedule.
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Early Call Option has the meaning set forth in the Early Call Option Exercise and Waiver Agreement.
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Examples of Early Call Option in a sentence

  • The Insurer shall be responsible for filing any excise tax returns and paying any excise taxes due on any Premiums and on any Early Call Option Fee.

  • The Premium and any Early Call Option Fee amount(s) specified in Items 10 and 13 of the Declarations respectively are due and payable as specified in Items 10 and 13 of the Declarations.

  • This Contract shall cancel automatically upon cancellation of the Policy, including any cancellation of the Policy resulting from the Original Insured exercising the Early Call Option.

  • The Premium and any Early Call Option Fee amount(s) specified in Items 9 and 12 of the Declarations Page respectively are due and payable as specified in Items 9 and 12 of the Declarations Page.

  • In accordance with Section 7.02(j) of the LLC Agreement, NEP Member or its nominee shall not withhold any amounts under Section 1445 of the Code unless there is a change in Law prior to the Early Call Option Closing Date that requires such withholding.

  • On November 18, 2021, after the closing of trading on the New York Stock Exchange but prior to 4:30 p.m. Eastern Standard Time, the Class B Member shall notify NEP in writing of the percentage of the Early Call Option Purchase Price to be paid in cash on the Early Call Option Closing Date, which percentage shall not exceed thirty percent (30%) of the Early Call Option Purchase Price (“Cash Election”).

  • The date on which the Early Call Option is to be consummated is: November 19, 2021.

  • Each of the Parties agrees that the issuance price for each NEP Common Unit issued as the remaining portion of the Early Call Option Purchase Price shall be equal to $85.3801, which the Parties acknowledge and agree is the 15-day VWAP of the NEP Common Units on November 12, 2021, calculated in accordance with the methodology agreed upon by the Parties for such purpose.

  • The Early Call Option Purchase Price is: $884,730,590.05 plus, if the Early Call Option Closing occurs prior to the Scheduled Call Option Closing Date, the amount of the Swap Breakage Differential (which the Parties acknowledge and agree will be less than $100,000 if the Early Call Option Closing Date is November 19, 2021).

  • This Agreement shall be terminated and the Early Call Option Notice shall be rescinded at any time after November 19, 2021 but prior to the consummation of the Early Call Option Closing (i) at 5:00 p.m. on the second Business Day after the date of delivery by the Class B Member of a Class B Member Termination Notice, but only if the NEP Member does not deliver a Cash Increase Notice prior to such time, or (ii) immediately upon delivery by the NEP Member of a NEP Member Revocation.

Related to Early Call 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.

  • 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.

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

  • Put 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 tender of the specified underlying Securities, to sell such Securities to the writer thereof for the exercise price.

  • 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).

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

  • 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.

  • 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.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Put Option Event means a Change of Control Event.

  • Put Option Notice means a notice which must be delivered to a Paying Agent by any Noteholder wanting to exercise a right to redeem a Note at the option of the Noteholder;

  • Repurchase Right means the right granted to the Corporation in accordance with Article D.

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

  • Share Termination Settled in relation to the Transaction means that the Share Termination Alternative is applicable to the Transaction.

  • Put Right has the meaning set forth in Section 8.05(a).

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • New Exercise Date means a new Exercise Date if the Administrator shortens any Offering Period then in progress.

  • Option Notice has the meaning set forth in Section 5.2(a).

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Exercise Termination Event (i) the Effective Time (as defined in the Merger Agreement) of the Merger; (ii) termination of the Merger Agreement in accordance with the provisions thereof if such termination occurs prior to the occurrence of an Initial Triggering Event, except a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional); or (iii) the passage of 12 months after termination of the Merger Agreement if such termination follows the occurrence of an Initial Triggering Event or is a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional) (provided that if an Initial Triggering Event continues or occurs beyond such termination and prior to the passage of such 12-month period, the Exercise Termination Event shall be 12 months from the expiration of the Last Triggering Event but in no event more than 18 months after such termination). The "Last Triggering Event" shall mean the last Initial Triggering Event to expire. The term "Holder" shall mean the holder or holders of the Option.

  • 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.

  • Purchase Right means an option to purchase shares of Common Stock granted pursuant to the Plan.

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

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

  • Early Termination Notice is defined in Section 4.2 of this Agreement.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.