First Call Option definition

First Call Option has the meaning ascribed to that expression in Clause 3.1.

First Call Option has the meaning specified in Section 2.1 of this Agreement.

First Call Option means the option granted by the Grantors to the Optionee in clause 2.1;

Examples of First Call Option in a sentence

• If a Put Option or a First Call Option is exercised in respect of a portion of the Residual Partnership Interest, the Residual Partnership Interest shall be reduced by the portion in respect of which a Put Option or a First Call Option, as the case may be, has been exercised, and each of the Put Option and the First Call Option shall continue to be available in respect of the Residual Partnership Interest so reduced.

• The First Call Option may be exercised only by giving written notice to the H&Q Parties stating the aggregate number of Covered Securities to be purchased by each Buyer pursuant to the First Call Option (the "First Call Election Notice").

• At the end of the First Call Exercise Period, any Covered Securities that are set forth opposite a Buyer's name on Exhibit C under the heading "Upon Exercise of the First Call Option" and that are not included in the First Call Election Notice shall no longer be subject to the First Call Option.

• Except as expressly set forth herein, all of the terms and conditions of the Call Option Confirmations (as amended by the First Call Option Amendment) shall remain in full force and effect and are hereby confirmed in all respects.

• In the event that any of the Grantors is in default under the First Call Option and fails to transfer the First Option Shares or any interest therein the defaulting Grantor hereby irrevocably and unconditionally grants to the Optionee a power of attorney with full power to execute, complete and deliver, in the name and on behalf of the Optionee, transfers of the First Option Shares to the Optionee and do all things necessary in order to achieve First Option Completion.

More Definitions of First Call Option

First Call Option has the meaning set forth in Section 1.5.

First Call Option is defined in Section 12.1.1(a).

First Call Option shall have the meaning set forth in Section 4.2.

First Call Option has the meaning given to such term in clause 2.1.1;

First Call Option has the meaning set forth in Clause 6.1.1.

First Call Option means an option granted by a Rollover Alternative

First Call Option. Period shall have the meaning given to it in clause 2.4. First Options means a First Call Option and/or a First Put Option (as the context may require) and "First Option" shall be construed accordingly.