First Option Notice definition

First Option Notice has the meaning given to such term in Section 4.01(1);
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First Option Notice means the first notice from the Seller requiring the Buyer to buy 61 of the 246 Shares, being approximately 5% of the total outstanding share capital of the Company;
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First Option Notice. The First Option Notice shall set forth the SEC Effective Date and the number of Additional Units such Option Holder has the Option to purchase (such Option Holder’s “Initial Option Amount”), which shall be a percentage of the total number of Additional Units equal to (i) the total number of Units previously purchased by such Option Holder divided by (ii) the total number of Units previously sold by the Company; and the First Option Notice shall include a copy of this Section. Each Option Holder wishing to exercise its Option on all or part of its Initial Option Amount shall so notify the Company in writing within seven (7) Business Days after the Company’s transmittal of the First Option Notice (a “First Option Exercise Notice”). If First Option Exercise Notices for fewer that the total number of Additional Units are received by the Company, it shall within three (3) Business Days after receipt of all First Option Exercise Notices send to each Option Holder that theretofore submitted a First Option Exercise Notice a second written notice (the “Second Option Notice”) setting forth the number of Additional Units such Option Holder has the Option to purchase in addition to the number of Units elected in such Option Holder’s First Option Exercise Notice (such Option Holder’s “Second Option Amount”), which shall be a percentage of the total number of Additional Units that were not elected to be purchased in all First Option Exercise Notices equal to (i) the total number of Units previously purchased by such Option Holder plus the number of Units such Option Holder elected to purchase in its First Option Exercise Notice divided by (ii) the total number of Units previously sold by the Company plus the number of Additional Units elected to be purchased in all First Option Exercise Notices. Each Option Holder receiving a Second Option Notice wishing to exercise his Option on all or part of his Second Option Amount shall so notify the Company in writing within five (5) Business Days after the Company’s transmittal of the Second Option Notice (a “Second Option Exercise Notice”).
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Examples of First Option Notice in a sentence

  • Failure by the Company to exercise the First Option or to give a First Option Notice shall be deemed an election by it not to exercise the First Option.

  • Upon receipt of the First Option Notice, the Venture shall have the irrevocable right and option (the "First Option") to purchase all or a portion of the Offered JV Interests.

  • The Venture and Venturers who exercise the First Option and Second Option shall tender payment in cash for the Offered JV Interests to be purchased by them on the date of closing of such purchase, which shall occur no later than the earlier of the tenth day immediately after the expiration of the 10-day period following the date of the Second Option Notice or the 75th day immediately following the date of the First Option Notice.

  • Failure by the Company to exercise the First Option or to give a First Option Notice on or prior to the fifteenth (15th) day after the date of the Company Notice shall be deemed an election by it not to exercise the First Option.

  • The Venture may exercise the First Option by delivering to the Optionor Partner written notice (the “Election Notice”) of its election to exercise all or part of the First Option within thirty (30) days after the date that the Venture receives the First Option Notice.

  • In the event Tenant is, or has been, in an Event of Default (beyond any applicable notice and grace or cure periods) at the time of the start of the First or Second Option Period, as hereinafter defined, or upon receipt of the First Option Notice or Second Option Notice, as hereinafter defined, from Landlord, then Tenant’s Option to Extend shall be void and of no further force or effect.

  • The First Option Notice shall advise each Optionee of the portion and the price of the Defaulting Member’s interest available to it.

  • The First Option shall be exercised by the Company by giving notice (the "First Option Notice") to the Seller within 15 days following the date of the Notice that the Company elects to exercise the First Option.

  • The parties shall attempt, during the three (3) month period following the date of the First Option Notice to mutually agree upon the Option FMV of the Demised Premises for the First Option Period.

  • The Venture and the Partners who exercise the First Option and Second Option shall tender payment in cash for the Offered Interests to be purchased by them on the date of closing of such purchase, which shall occur no later than the earlier of the tenth (10th) day immediately after the expiration of the ten (10) Business Day period following the date of the Second Option Notice or the 75th day immediately following the date of the First Option Notice.


More Definitions of First Option Notice

First Option Notice shall have the meaning given such term in Section 2.2 hereof.
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First Option Notice shall have the meaning as defined in Section ------------------- 10.3
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Related to First Option Notice

  • Put Option Notice means a notice which must be delivered to a Paying Agent by any Noteholder wanting to exercise a right to redeem a Note at the option of the Noteholder;

  • Option Notice has the meaning set forth in Section 5.2(a).

  • Call Option Notice means a written notice from the holder of the Call Option or the Administrator, as applicable, stating its desire to exercise the Call Option on the related Reset Date, delivered to each Clearing Agency, the Indenture Trustee, the Remarketing Agents, the Rating Agencies and, if the related class of Reset Rate Notes is then listed on the Luxembourg Stock Exchange, the Administrator will forward a copy to the Luxembourg Listing Agent (the contents of which are to be published in a leading newspaper having general circulation in Luxembourg).

  • Purchase Option Notice As defined in Section 3.18(e).

  • Election Notice has the meaning set forth in Section 11.01(b).

  • First Offer Notice shall have the meaning set forth in Section 14.4(a).

  • Subscription Notice has the meaning set forth in Section 1.1.

  • Put Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and tender of the specified underlying Securities, to sell such Securities to the writer thereof for the exercise price.

  • Retraction Notice has the meaning set forth in Section 11.01(c).

  • Termination Notice means the communication issued in accordance with this Agreement by one Party to the other Party terminating this Agreement;

  • ROFO Notice is defined in Section 6.2(a).

  • Transfer Notice Date has the meaning given to it in Section 2.06.

  • Exercise Notice Deadline In respect of any exercise of Options hereunder on any Conversion Date, the “Scheduled Trading Day” prior to the scheduled first “VWAP Trading Day” of the “Observation Period” (each as defined in the Indenture, but, in the case of any such Observation Period, as modified by the provision set forth opposite the caption “Convertible Security Settlement Method”) relating to the Convertible Securities converted on the Conversion Date occurring on the relevant Exercise Date; provided that in the case of any exercise of Options hereunder in connection with the conversion of any Relevant Convertible Securities on any Conversion Date occurring during the period starting on and including June 4, 2020 and ending on and including the second “Scheduled Trading Day” immediately preceding the “Maturity Date” (each as defined in the Indenture) (the “Final Conversion Period”), the Exercise Notice Deadline shall be noon, New York City time, on the “Scheduled Trading Day” (as defined in the Indenture) immediately preceding the “Maturity Date” (as defined in the Indenture).

  • Offer Notice shall have the meaning set forth in Section 4.1.

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

  • Call Option Date As defined in Section 10.01(a) hereof.

  • Nomination Notice means all information and documents that a Nominating Stockholder is required to submit to the Secretary of the Corporation pursuant to Section 2.6(f).

  • Completion Notice means a notice issued by the Developer in accordance with clause 6.1.

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • Addition Notice With respect to the transfer of Subsequent Mortgage Loans to the Trust Fund pursuant to Section 2.08, a notice of the Depositor's designation of the Subsequent Mortgage Loans to be sold to the Trust Fund and the aggregate principal balance of such Subsequent Mortgage Loans as of the Subsequent Cut-off Date. The Addition Notice shall be given not later than three Business Days prior to the related Subsequent Transfer Date and shall be substantially in the form attached hereto as Exhibit P.

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Option Period means the period during which an Option may be exercised.

  • Purchase Option Period As defined in Section 9.03(a) hereof.

  • Acceptance Notice has the meaning set forth in Section 9.2(d)(iii).

  • Renewal Option has the meaning set forth in §12.1.