Event of Option definition

Event of Option means the occurrence of any of the following:
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Event of Option shall occur when there is no longer an individual nominated by Sprout (other than pursuant to the Certificate of Amendment) as a member of the Board.
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Event of Option has the meaning given to such term in the Purchase Agreement.
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Examples of Event of Option in a sentence

  • Upon the occurrence of an Event of Option, the Optioner shall cease to be entitled to receive information pursuant to Section 6.5 and 6.8 of the Securities Purchase Agreements and shall cease to have any rights under Sections 6.6 of the Securities Purchase Agreements.

  • Upon the occurrence of an Event of Option, the Securityholder who is the subject of the Event of Option (the "Optioner") shall notify the Company in writing (such notice to be referred to as the "Optioner's Notice"), delivered by hand or by first-class, certified or overnight mail, postage prepaid, or by telecopier, within 5 days after the occurrence of such Event of option, of its occurrence and nature.

  • Each such notice shall set forth the identity of the Optioner, the nature of the Event of Option and the quantity and description of the Common Stock owned by the Optioner.

  • If an Event of Option shall occur, each Eligible Group shall have the option to give the Corporation and the Stockholder (or his representatives or assigns) as to which such Event of Option has occurred, notice of its election to have the Fair Value Per Share determined, whereupon the Stockholders shall cause such determination to be made with reasonable promptness.

  • Notwithstanding the foregoing, if the Shares of Frank Baiata's Group are sold xxxxxxxx xx Section 4.1 hereof as a result of an Event of Option under clause (i) of Section 1.3, this covenant shall terminate as to Frank Baiata at the time of sxxx xxxx.

  • Each AEP Stockholder shall have the right hereunder to purchase his or its Proportionate Percentage of the Stock held by the Investor as to which such Event of Option has occurred which Stock has not been accepted for purchase by the Corporation.

  • Este documento le permite identificar los fallos que se producen en la envoltura, en los componentes principales y/o en el circuito de alimentación del AVR.La precisión y la estabilidad de la regulación solo se pueden verificar en la aplicación final para la cual se utiliza el alternador.

  • The Corporation shall exercise its option hereunder by delivering a written notice to the Investor as to which an Event of Option has occurred during the 30-day period following the determination of the Fair Value Per Share evidencing its election to purchase Stock hereunder and indicating the number of shares of Stock it elects to purchase.

  • Spouse's Pension Spouse's Option Basic Reduced Spouse's In Event of Option Factor Pension Pension Portion Participant's Death --------- ------ -------- -------- -------- -------------------- 25% .976 X $1,000.

  • Notwithstanding the foregoing, if the Shares of Frank Baiata's Group are sold xxxxxxxx xx Xection 4.1 hereof as a result of an Event of Option under clause (i) of Section 1.3, this covenant shall terminate as to Frank Baiata at the time of sxxx xxxx.


More Definitions of Event of Option

Event of Option means, with respect to an Investor, the occurrence of one or more of the following events:
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Related to Event of Option

  • Put Option Event means a Change of Control Event.

  • Acquisition Event means a merger or consolidation in which the Company is not the surviving entity, any transaction that results in the acquisition of all or substantially all of the Company’s outstanding Common Stock by a single person or entity or by a group of persons and/or entities acting in concert, or the sale or transfer of all or substantially all of the Company’s assets.

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

  • Disposition Event means any merger, consolidation or other business combination of the Corporation, whether effectuated through one transaction or series of related transactions (including a tender offer followed by a merger in which holders of Class A Common Stock receive the same consideration per share paid in the tender offer), unless, following such transaction, all or substantially all of the holders of the voting power of all outstanding classes of Common Stock and series of Preferred Stock that are generally entitled to vote in the election of Directors prior to such transaction or series of transactions, continue to hold a majority of the voting power of the surviving entity (or its parent) resulting from such transaction or series of transactions in substantially the same proportions as immediately prior to such transaction or series of transactions.

  • Company Termination Event has the meaning set forth in Section 10 hereof.

  • 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.

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Realization Event means (i) the consummation of a Sale of the Company; or (ii) any transaction or series of related transactions in which the Investor sells at least 50% of the Shares directly or indirectly acquired by it (from the Company or otherwise) and at least 50% of the aggregate of all Investor Investments.

  • Additional Termination Event has the meaning specified in Section 5(b).

  • Potential Termination Event means an event which, with the passage of time or the giving of notice, or both, would constitute a Termination Event.

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • Transfer Restriction Event shall have the meaning specified in Section 2.11.

  • Termination Event means an Illegality, a Tax Event or a Tax Event Upon Merger or, if specified to be applicable, a Credit Event Upon Merger or an Additional Termination Event.

  • Acceleration Event means the occurrence of an Event of Default (a) in respect of which Agent has declared all or any portion of the Obligations to be immediately due and payable pursuant to Section 10.2, (b) pursuant to Section 10.1(a), and in respect of which Agent has suspended or terminated the Revolving Loan Commitment pursuant to Section 10.2, and/or (c) pursuant to either Section 10.1(e) and/or Section 10.1(f).

  • Term SOFR Transition Event means the determination by the Administrative Agent that (a) Term SOFR has been recommended for use by the Relevant Governmental Body, (b) the administration of Term SOFR is administratively feasible for the Administrative Agent and (c) a Benchmark Transition Event or an Early Opt-in Election, as applicable, has previously occurred resulting in a Benchmark Replacement in accordance with Section 2.14 that is not Term SOFR.

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • Senior Event of Default means an Event of Default under the Senior Loan Documents.

  • Specified Event of Default means an Event of Default under Section 7.01(a), (b), (h) or (i).

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

  • ERISA Termination Event means (i) a “Reportable Event” described in Section 4043 of ERISA and the regulations issued thereunder (other than a “Reportable Event” not subject to the provision for 30-day notice to the PBGC under such regulations), or (ii) the withdrawal of a Borrower or any of its ERISA Affiliates from a “single employer” Plan during a plan year in which it was a “substantial employer”, both of such terms as defined in Section 4001(a) of ERISA, or (iii) the filing of a notice of intent to terminate a Plan or the treatment of a Plan amendment as a termination under Section 4041 of ERISA, or (iv) the institution of proceedings to terminate a Plan by the PBGC or (v) any other event or condition which might constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan or (vi) the partial or complete withdrawal of a Borrower or any ERISA Affiliate of such Borrower from a “multiemployer plan” as defined in Section 4001(a) of ERISA.

  • Declaration Event of Default means an “Event of Default” as defined in the Declaration.

  • Key Person Event shall have the meaning set forth in Section 5.6.

  • Insurance Agreement Event of Default means an "Event of Default" as defined in the Insurance Agreement.

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Control Termination Event shall have the meaning given to such term or any one or more analogous terms in the Lead Securitization Servicing Agreement.

  • Compensation Event means any of the following events or circumstances if and to the extent that it interferes adversely with, or causes a failure of, the carrying out of the Design, the Construction or the Services, causes an Unavailability Event or causes Direct Losses to Project Co or any Project Co Person: