Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.
Option to Extend has the meaning given that term in Section 2.13.
Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.
Termination Right have the respective meanings given in the PRA Contractual Stay Rules.
Renewal Option has the meaning set forth in §12.1.
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.
Transferable development right means a right to develop and use land that
Purchase Option Period As defined in Section 9.03(a) hereof.
Second Extension Option shall have the meaning set forth in Section 2.6.1 hereof.
Junior accessory dwelling unit means a unit that is no more than 500 square feet in size and contained entirely within a single-family residence. A junior accessory dwelling unit may include separate sanitation facilities, or may share sanitation facilities with the existing structure.
Option Period means the period during which an Option may be exercised.
Extension Option shall have the meaning set forth in Section 2.5(c) hereof.
Option to Build means the option of the New Service Customer to build certain Customer- Funded Upgrades, as set forth in, and subject to the terms of, the Construction Service Agreement.
Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.
First Refusal Right means the right granted to the Corporation in accordance with Article E.
Improvement warranty means an applicant's unconditional warranty that the
Capacity Transfer Right means a right, allocated to LSEs serving load in a Locational Deliverability Area, to receive payments, based on the transmission import capability into such Locational Deliverability Area, that offset, in whole or in part, the charges attributable to the Locational Price Adder, if any, included in the Zonal Capacity Price calculated for a Locational Delivery Area.
Option to Renew is defined in subsection 6.1 of this Agreement.
Conversion Right has the meaning provided in Section 4.5(a) hereof.
Improvement warranty period means a period:
License Term means the duration of a License as specified in the Order.
Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.
Repurchase Option has the meaning set forth in Section 1.3(a) hereto.
Purchase Option Notice As defined in Section 3.18(e).
Landlord Access Agreement means a Landlord Access Agreement, substantially in the form of Exhibit G, or such other form as may reasonably be acceptable to the Administrative Agent.
Financial Transmission Right Option means a right to receive Transmission Congestion Credits as specified in Operating Agreement, Schedule 1, section 5.2.2(c), and the parallel provisions of Tariff, Attachment K-Appendix, section 5.2.2(c).