Exercise Loan definition

Exercise Loan means a loan made by the Company or a Subsidiary to a Participant under Rule 10 for the purpose of acquiring a Share by the exercise of an Option.
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Examples of Exercise Loan in a sentence

  • Where the Company offers a Participant an Exercise Loan, the offer is conditional on the Company and the Participant entering into an agreement setting out the terms of the Exercise Loan.

  • At the discretion of the Board, the Company may offer a Participant an Exercise Loan at the time or times, and on terms and conditions to be determined by the Board.

  • The limit of the line of credit is three times the executives' base salary less any amounts outstanding under the Executive Option Exercise Loan Plan.

  • Exercise Loans (a) At the discretion of the Board, the Company may offer a Participant an Exercise Loan at the time or times, and on terms and conditions to be determined by the Board.

  • The Option Exercise Loan has a maximum 1 year term and is secured by a mortgage over the executives’ EDL shares, with recourse limited to the shares issued on exercise of the options.

  • No additional loans have been made under either the Executive Option Exercise Loan Plan or the Executive Loan Plan since July 2002, and the Company does not intend to makeany additional loans under these plans.

  • Please refer to the section entitled “Restructuring Exercise, Loan Capitalisation and Bond Conversion” in this Prospectus for further details.

  • Options Exercise LoanBalance at 1 July2014 DrawdownInterest charged forthe year RepaymentsBalance at 30 June2015Year ended 30 June 2015 DirectorsG J Pritchard - 3,090,000 132,192 (627,302) 2,594,890ExecutivesG Dover - 889,920 - (889,920) -Total-3,979,920132,192(1,517,222)2,594,890During the current financial year, eligible key management personnel and the Managing Director were issued an Options Exercise Loan.

  • The Option Exercise Loan has a maximum 14 months term and is secured by a mortgage over the executives’ EDL shares, with recourse limited to the shares issued on exercise of the options.

  • On 19 March 2004, our Company issued 9,719,998 ordinary shares of $1.00 each pursuant to the Loan Capitalisation as described under the section entitled “Restructuring Exercise, Loan Capitalisation and Bond Conversion” in this Prospectus.

Related to Exercise Loan

  • Discounted Prepayment Option Notice has the meaning specified in Section 2.05(d)(ii).

  • Exercise Amount has the meaning set forth in Section 2(a).

  • Conversion Right has the meaning set forth in Section 4.05(a) hereof.

  • Optional Prepayment Price shall have the meaning set forth in Section 14.02(a).

  • Cash Exercise with respect to Warrant Shares; and/or

  • Cashless Exercise Ratio means a fraction, the numerator of which is the excess of the Current Market Value per share of Common Stock on the Exercise Date over the Exercise Price per share as of the Exercise Date and the denominator of which is the Current Market Value per share of the Common Stock on the Exercise Date.

  • Optional Prepayment shall have the meaning set forth in Section 2.10.

  • Exercise Valuation Date means the first Scheduled Trading Day of the month following the expiry of 35 calendar days after the Exercise Date. For the avoidance of doubt, the 35 calendar day period is mandatory and non-waivable by either the Issuer or the Holder.

  • Mandatory Conversion Notice has the meaning set forth in Section 4.7.C hereof.

  • Full Prepayment Any payment of the entire principal balance of a Mortgage Loan which is received in advance of its scheduled Due Date and is not accompanied by an amount of interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.

  • Exercise Payment means the amount of money equal to the Exercise Price multiplied by the number of Optioned Shares specified in the Notice of Exercise;

  • Conversion Option means the Company’s option to convert some or all of the Series D Preferred Stock into that number of shares of Common Stock that are issuable at the then-applicable conversion rate as described in Section 8(c) of these Articles Supplementary.

  • Optional Prepayment Date has the meaning specified in Section 4.b hereof.

  • Exercise Event shall have the meaning ascribed to such term in Section 2(c).

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

  • Optional Conversion means the conversion of any Convertible Preferred Stock other than a Mandatory Conversion.

  • this Warrant means, collectively, this Warrant and all other stock purchase warrants issued in exchange therefor or replacement thereof.

  • Forced Conversion Notice has the meaning set forth in Section 4.05(c) hereof.

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

  • Reinvestment Prepayment Date with respect to any Reinvestment Event, the earlier of (a) the date occurring twelve months after such Reinvestment Event and (b) the date on which the Borrower shall have determined not to, or shall have otherwise ceased to, acquire or repair assets useful in the Borrower’s business with all or any portion of the relevant Reinvestment Deferred Amount.

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Net Issuance Proceeds means, in respect of any issuance of debt or equity, cash proceeds (including cash proceeds as and when received in respect of non-cash proceeds received or receivable in connection with such issuance), net of underwriting discounts and reasonable out-of-pocket costs and expenses paid or incurred in connection therewith in favor of any Person not an Affiliate of Borrower.

  • Optional Redemption Pricing Date means a Valuation Date on which a Redemption Order is determined to be valid and accepted by or on behalf of the Issuer in accordance with the terms of the LS Operating Procedures Agreement.

  • Demand Exercise Notice has the meaning set forth in Section 2.1(a).

  • ECF Prepayment Amount has the meaning assigned to such term in Section 2.11(b)(i).

  • Notice of Loan Prepayment means a notice of prepayment with respect to a Loan, which shall be substantially in the form of Exhibit 2.05 or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower.