First Option definition

First Option has the meaning set forth in Section 4.1(b) of this Agreement.

First Option has the meaning set out in sub-paragraph 4.01(a) hereof;

First Option shall have the meaning provided in Section 2.

Examples of First Option in a sentence

• After the Initial Term, provided that Sunrise has exercised the First Option Right under § 17.3, Sunrise has the right to align the term of the additional Radio Tower Site with the First Prolongation Period and subsequently the Second Prolongation Period, as the case may be.

• The Second Option Right may also be exercised by a written declaration which is received by TowerCo at the latest [***] prior to the expiry of the prolonged term pursuant to the First Option Right.

• If Sunrise has exercised the First Option Right, it shall be entitled to exercise the Second Option Right.

• Should TowerCo have terminated the Master Services Agreement in accordance with § 17.4 before Sunrise has exercised its First Option Right or, respectively, Second Option Right, such termination of TowerCo shall become null and void if Sunrise exercises its First Option Right or, respectively, Second Option Right.

• The First Option Right may be exercised by a written declaration which is received by TowerCo at the latest [***] prior to the expiry of the Initial Term.

More Definitions of First Option

First Option has the meaning ascribed thereto in Section 3.1(a);

First Option means the rights and obligations contemplated in Section 9.5 hereof.

First Option means First Option as defined in Paragraph 35.

First Option. Variable Income for Specified Number of Years The Company will make variable monthly payments. Payments will begin on the Option Date and will continue for the number of years elected; the number of years elected cannot be more than 30. Guaranteed first monthly payments per $1,000 of proceeds applied to the First Option are shown below. Years Payment Years Payment Years Payment ---------------------------------------------------- 1 $84.65 11 $9.09 21 $5.56 2 43.05 12 8.46 22 5.39 3 29.19 13 7.94 23 5.24 4 22.27 14 7.49 24 5.09 5 18.12 15 7.10 25 4.96 6 15.35 16 6.76 26 4.84 7 13.38 17 6.47 27 4.73 8 11.90 18 6.20 28 4.63 9 10.75 19 5.97 29 4.53 10 9.83 20 5.75 30 4.45 ---------------------------------------------------- Second Option: Variable Life Income -------------------------------------------------------------------------------- V11 The Company will make variable monthly payments. Payments will begin on the Option Date and will continue: . During the life of the Payee, with no further payment after the death of the Payee, called "Variable Life Income, No Refund"; or . During the life of the Payee, but for at least 10 years, called "Variable Life Income, 10 Years Certain"; or . During the life of the Payee, but for at least 20 years, called "Variable Life Income, 20 Years Certain."

First Option means the option described in the Option Letter under the heading “Preferred Share Option” to have the Existing Notes held by the holders thereof converted into Preferred Shares;

First Option see Section 4.01(b).

First Option. Income for a Specified Number of Years The Company will make equal monthly payments which will include both principal and interest. Payments will start on the Option Date and will continue for the number of years chosen. The number of years chosen cannot be more than 30. Interest is at the rate of 3 1/2% per year compounded yearly. Additional interest paid by the Company for any year will be added to the monthly payments for that year. Guaranteed monthly payments per $1,000 of proceeds applied to the First Option are shown below. ------------------------------------------------ Number Number Number of Years of Years of Years ------------------------------------------------ 1 $84.65 11 $9.09 21 $5.56 2 43.05 12 8.46 22 5.39 3 29.19 13 7.94 23 5.24 4 22.27 14 7.49 24 5.09 5 18.12 15 7.10 25 4.96 6 15.35 16 6.76 26 4.84 7 13.38 17 6.47 27 4.73 8 11.90 18 6.20 28 4.63 9 10.75 19 5.97 29 4.53 10 9.83 20 5.75 30 4.45