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Initial Option Payment definition

Initial Option Payment means the Option Payment, excluding the Common Stock Contingent Value Rights payable thereunder.
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Initial Option Payment has the meaning specified in Section 2.3 (a)
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Initial Option Payment means, for each Company Stock Option, the product of (a) the Notional Option Payment for such Company Stock Option multiplied by (b) the Post-Holdback Percentage.
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Examples of Initial Option Payment in a sentence

  • In the event that any of the representations of Sellers as set forth in the Purchase Agreement (as hereinafter defined) are not true and correct at the time that TOG exercises the Option or at the time of Closing and prevent TOG from closing under the terms of the Purchase Agreement, Sellers shall immediately return the Initial Option Payment and the Additional Option Payment to TOG.

  • Company may exercise the Option at any time prior to the expiration of the Option Period by paying to Owners an amount, of Seventy-Five Thousand Dollars ($75,000.00 USD) less the Initial Option Payment.

  • The Initial Option Payment will be applicable against the Purchase Price.

  • If Grantor exercises the right of cancellation, Grantor shall return the Initial Option Payment to Grantee within fourteen (14) days.

  • If Grantor exercises the right of cancellation and does not return the Initial Option Payment to Grantee as required in this paragraph 16, ITC Midwest may pursue all remedies available at law to recover the Initial Option Payment from Grantor.

  • This Service Schedule is applicable only to the COF for the purchase of Neotel’s NeoBroadband Wireless Service, which has been signed by the Customer and Neotel.

  • The Initial Option Payment shall be made by Grantee to Grantor upon Grantor’s execution of this Agreement.

  • Grantee shall have the right to extend the Initial Option Period for one additional twelve (12) month-period (the “Extended Option Period”) by providing written notice to Grantor on or before the last day of the Initial Option Period, together with an additional payment for the extension in the amount of $433.03 (the “Option Extension Payment” and together with the Initial Option Payment, collectively, the “Option Payment”).

  • The Initial Option Payment shall be made within 5 days of Owner’s execution of this Agreement.

  • This does not include shareholdings through unit trusts or similar arrangements where the member has no influence on financial management;  Membership or Affiliation to clubs or organisations with interests relevant to the work of the Committee.


More Definitions of Initial Option Payment

Initial Option Payment has the meaning set forth in the Option Agreement.
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Initial Option Payment means the amount of $500,000.
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Initial Option Payment. As defined in Section 3 of this Agreement.
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Initial Option Payment means that amount calculated in accordance with clause 2.3(d). Initial Option Payment Date means 10 (ten) Business Days after service by the Buyer of the Option Notice.
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Initial Option Payment means the Option Consideration that would have been payable at the Closing if the Tangible Net Book Value were as set forth in a certificate prepared in good faith by the Chief Financial Officer of the Company as of the Closing Date.
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Initial Option Payment means, for each Infrant Stock Option, the product of (a) the Notional Option Payment for such Infrant Stock Option multiplied by (b) the Post-Holdback Percentage.
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Related to Initial Option Payment

  • Option Payment shall have the meaning set forth in Section 3.4.

  • Earn-Out Payment has the meaning set forth in Section 2.3(a).

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Initial Optional Purchase Date The first Distribution Date following the date on which the Aggregate Stated Principal Balance is less than 10.00% of the Cut-off Date Balance.

  • Installment Payment means the partial payment of court debt which is divided into portions that are made payable at different times.

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • LWDA PAGA Payment means the 75% of the PAGA Penalties paid to the LWDA under Labor Code section 2699, subd. (i).

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

  • Option Purchase Price has the meaning set forth in Section 9.36(b) hereof.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Share Payment means (a) a payment in the form of Shares, or (b) an option or other right to purchase Shares, as part of any bonus, deferred compensation or other arrangement, made in lieu of all or any portion of the compensation, granted pursuant to Article 8.

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Interest Option means LIBOR or the Reference Rate.

  • Termination Payment Date means the date on which the RECIPIENT is required to repay to ECOLOGY any outstanding balance of the loan and all accrued interest.

  • Delta Payment means as it is described in this Agreement.

  • Termination Payment means the amount payable by either Party to the other upon Termination in accordance with Article 23;

  • Option Consideration has the meaning set forth in Section 3.3(a).

  • Lump Sum Payment means a single payment that is not anticipated to continue.

  • Initial Payment means the dollar amount specified as the “Initial Payment” in the applicable Purchase Agreement.

  • Installment Amount means the sum of (A) (i) with respect to any Installment Date other than the Maturity Date, the lesser of (x) the quotient of (I) the Principal amount outstanding under this Note as of the initial Installment Date, divided by (II) the number of Installment Dates occurring hereunder (as determined as of the initial Installment Date assuming no Deferrals, Accelerations, redemptions or conversions hereunder prior to the Maturity Date) and (y) the Principal amount then outstanding under this Note as of such Installment Date, and (ii) with respect to the Installment Date that is the Maturity Date, the Principal amount then outstanding under this Note as of such Installment Date (in each case, as any such Installment Amount may be reduced pursuant to the terms of this Note, whether upon conversion, redemption or Deferral), (B) any Deferral Amount deferred pursuant to Section 8(d) and included in such Installment Amount in accordance therewith, (C) any Acceleration Amount accelerated pursuant to Section 8(e) and included in such Installment Amount in accordance therewith and (D) in each case of clauses (A) through (C) above, the sum of any accrued and unpaid Interest and Make-Whole Amount with respect thereto as of such Installment Date under this Note, if any, and accrued and unpaid Late Charges, if any, under this Note as of such Installment Date. In the event the Holder shall sell or otherwise transfer any portion of this Note, the transferee shall be allocated a pro rata portion of the each unpaid Installment Amount hereunder.

  • Basic Rent Payment Date means Basic Rent Payment Date as defined in Paragraph 6.

  • Second Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

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

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

Most Referenced Clauses

Most Referenced Definitions