Increase Option definition

Increase Option has the meaning set forth in Section 2.14(a).

Increase Option is defined in Section 2.14.

Increase Option has the meaning assigned to such term in Section 2.04.

Examples of Increase Option in a sentence

• Because the cost of long term care services will likely increase over time, you should consider whether and how the benefits of this plan may be adjusted. If the plan provides an Inflation Protection or Benefit Increase Option and you have chosen the option, your LTC Facility Monthly Benefit will increase each year on the Coverage Effective Date.

• For Contract Change only: UL/VUL Guaranteed Increase Option (GIO).

• In addition, the Stream Syndicate has provided True Gold with an 18 month option to increase funding by up to $20 million (the “Increase Option”) in exchange for eight quarterly deliveries totaling 30,000 ounces of gold, or the pro-rata portion of the amount drawn thereunder, starting 18 months from when the first tranche under the Increase Option is drawn down.

• Your premiums will be higher than for a policy without a Benefit Increase Option Rider attached to it.

• If you outlive your beneficiary, your benefit is not changed, and all benefits stop when you die.Full-Survivorship Increase Option* – This benefit is paid monthly for your lifetime.

More Definitions of Increase Option

Increase Option means the option for the Buyer in accordance with Article 6.4 to increase the MaxHQ to (**) MMBTU together with a corresponding increase of the DCQ to (**) MMBTU.

Increase Option. Defined in Section 3.12(a).

Increase Option means during the term of the Facility, the Borrowers shall have the option to increase the Facility Amount by a maximum aggregate amount of up to $20,000,000.00

Increase Option means an amount equal to 10% of the increase in the Maximum Credit (as defined in the Loan Agreement) under the Loan Agreement at any time after the Closing Date.

Increase Option means that term as defined in Section 2.1(a)(v). "Indemnitee" means that term as defined in Section 10.5(c).

Increase Option means the request pursuant to Clause 3.4 (Increase Option) to increase the Total Term Loan Facility Commitments or the Total RCF Commitments.

Increase Option means that term as defined in Section 2.1(a)(v). “Indemnitee” means that term as defined in Section 10.5(c). “Initial Amount” means an amount equal to $2,500,000. “Initial COD” means the date the first Approved Project completes construction and achieves commercial operations, substantial completion or its equivalent.