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)

Initial Option Payment has the meaning set forth in the Option Agreement.

Examples of Initial Option Payment in a sentence

Company may exercise the Option at any time prior to the expiration of the Option Period by paying to Owner an amount, less the Initial Option Payment, equal to SEVENTY FIVE THOUSAND DOLLARS ($75,000) (the “Purchase Price”).
The Initial Option Payment will be applicable against the Purchase Price.
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 shall be made within 5 days of Owner’s execution of this Agreement.

More Definitions of Initial Option Payment

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.

Initial Option Payment means the amount of $500,000.

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.

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.

Initial Option Payment means the initial payment, made by a third party pursuant to an Agreement, for the option to purchase any of the Production rights with respect to a Work.

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.

Initial Option Payment. As defined in Section 3 of this Agreement.