Examples of Extension Option Fee in a sentence
For avoidance of doubt, (i) upon any expiration or termination of the SRA, including expiration as a result of Sponsor’s failure to pay the November 2020 Extension Option Fee pursuant to Section 1 of this Amendment, or (ii) if Licensee fails to exercise its Extension Option, the Exclusivity Rights will automatically terminate.
TPG shall pay to KILICO the Subordinate Debt Price, and KILICO shall pay to TPG the amount of any Extension Option Fee Credit.
Upon timely payment of the November 2020 Extension Option Fee, Licensee’s rights under Sections 3.1(i) and 5.2 of the License Agreement (the “Exclusivity Rights”) shall be deemed to have continued in effect without pause or interruption.
In the event the Borrower exercises the Extension Option, then the Borrower shall pay to the Bank a fee (the "Extension Option Fee") of $12,500, payable in full at the time the Borrower provides notice of its intention to exercise the Extension option in accordance with Section 2.3 hereof.
In order to exercise the License Extension Option, Toshiba must notify Transmeta thereof in writing by no later than [* * *] and pay to Transmeta the applicable License Extension Option Fee of [* * *], which fee will be payable no later than [* * *].
If Sponsor fails to pay the November 2020 Extension Option Fee, (a) the SRA shall be deemed and hereby is deemed to have expired effective June 30, 2020, and (b) Sponsor shall have no further rights under the SRA, including under Section 2 of this Amendment.
Option period shall commence on August 31, 2017 until September 14, 2017 (subject to payment of the First Extension Option Fee) and may be extended until September 1, 2018 subject to payment of the second extension Option Fee (the “Option Period”).
In trying to improve leadership effectiveness, we discussed the three objectives on how they were used before with the aim of using them more effectively in future.
Borrowers shall pay the Loan Fee on the date of execution hereof and shall pay the Extension Option Fee upon exercise of the Extension Option on or before September 1, 2009.
The Loan Fee shall be deemed fully earned on the Closing Date and the First Extension Option Fee shall be deemed fully earned on the Initial Maturity Date and the Second Extension Option Fee shall be deemed fully earned on the First Extended Maturity Date.