Member Option Period definition

Member Option Period has the meaning given such term in Section 9.2(b).
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Member Option Period. As defined in Section 15.2.
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Member Option Period shall have the meaning set forth in Section 9.3(f) hereto. “Membership Units” shall mean, with respect to the Company, the Class A Membership Units and the Class B Membership Units and any other class of membership unit authorized by the Management Member from time to time.
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Examples of Member Option Period in a sentence

  • If the RTI Member desires to exercise the RTI Member Option, it shall deliver to the Company a notice (the “RTI Member Option Notice”) of such intention at any time during the RTI Member Option Period.

  • The option to purchase or redeem provided in this Section 9.2 shall be exercised by the Company and/or the Non-transferring Members, as the case may be, by written notice to the Person who owns or controls the Option Units delivered on or before the end of the Company Option Period or Member Option Period, as applicable.

  • S uch written notice shall constitute an irrevocable and binding commitment by such Non -Selling Member to purchase the number of Remaining Units specified therein in accordance with the terms set forth in the Selling Notice and this Section 5.2. During the Non-Selling Member Option Period, the Company shall provide access to such Non-Selling Member to assist such Non -Selling Member in determining whether to exercise such option.

  • As soon as practicable following the expiration of the Member Option Period, and in no event later than five (5) days thereafter, the Transferring Member shall provide notice to each Offeree Member (the "Co-Sale Notice") of its right to participate in the Transaction Offer on a pro rata basis with the Transferring Member (the "Co-Sale Option").

  • The Members shall have the exclusive right and option during the 45-day period from and after the expiration of the Option Period (the "Member Option Period") to elect to purchase up to such Member's Proportionate Percentage of the Offered Units.

  • The closing for any purchase of Rejected Shares by the Offeree Members under this Section 9.2(c) (along with the purchase by the LLC of any Offered Shares under paragraph (b) above if the LLC is purchasing less than all of the Offered Shares) shall take place within thirty (30) days following the expiration of Member Option Period, at the offices of the LLC or on such other date or at such other place as may be agreed to by the Transferring Member and the purchasing Offeree Members.

  • In the event that the other Members do not elect to purchase all the subject Ownership Interests at the end of the Member Option Period, then for a period of ten (10) days after the end of the Member Option Period (the "Company Option Period") the Company shall have the right to purchase the remaining Ownership Interest.

  • If no agreement is reached between *** and *** within the Member Option Period, *** shall give written notice ("Election Notice") on or before the third business day after the last day of the Member Option Period that *** elects either (i) to not purchase *** membership in the Company, or (ii) to purchase *** membership in the Company at a price to be determined by the process described below.

  • However, if that sale is not made within ninety (90) days after Member Option Period has terminated, a new offer must be made and the provisions of this Section 9.01(b) will apply.

  • The County shall not terminate the Project Agreement, in whole or in part, or take any Restricted Action during the Step-In Period except as set forth in this Section.


More Definitions of Member Option Period

Member Option Period has the meaning ascribed thereto in Section 10.2(c) hereof.
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Member Option Period has the meaning set forth in Section 6.1(b)(ii).
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Member Option Period shall have the meaning set forth in Section 9.2(c) hereof.
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Related to Member Option Period

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

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

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

  • 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.

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

  • Start-up period means up to 7 Academy Financial Years and covers the period up to and including the first Academy Financial Year in which all age groups are present at the Academy (that is, all the pupil cohorts relevant to the age range of the Academy will have some pupils present).

  • Option Date means, with respect to any Stock Option, the date on which the Stock Option is awarded under the Plan.

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of (1) two years following such Change in Control or (2) the Executive’s death.

  • Post-Closing Period means any taxable period (or portion thereof) beginning after the Closing Date.

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.

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

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

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Over-Allotment Option means the option of the Underwriters to purchase up to an additional 15 per cent of the firm units (as described in the Articles) issued in the IPO at a price equal to US$10 per unit, less underwriting discounts and commissions.

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

  • Option Exercise Period has the meaning set forth in Section 6.4.

  • 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.

  • Founder Shares Lock-up Period means, with respect to the Founder Shares, the period ending on the earlier of (A) one year after the completion of the Company’s initial Business Combination and (B) subsequent to the Business Combination, (x) if the closing price of the Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company’s initial Business Combination or (y) the date on which the Company completes a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of the Company’s stockholders having the right to exchange their shares of Common Stock for cash, securities or other property.

  • Acquisition Period means the period ending five (5) business days prior to

  • 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.

  • 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).

  • Election Period means the period immediately preceding the beginning of each Plan Year established by the Administrator, such period to be applied on a uniform and nondiscriminatory basis for all Employees and Participants. However, an Employee's initial Election Period shall be determined pursuant to Section 5.1.

  • Nomination Period means, in respect of a Nomination, the period from the Nomination Start Time to the Nomination End Time;

  • Put Option Event means a Change of Control Event.

  • Ramp Period The Ramp Period shall begin on the Effective Date and continue for a period of 3 months following the Effective Date. Commencing with the Effective Date and at all times during the Ramp Period thereafter, Customer will receive the rates, discounts, charges and credits set forth herein and will not be subject to the AVC. Annual Volume Commitment (“AVC”): $360,000 in Total Service Charges (“AVC”) during each contract year of the Term (following the expiration of the Ramp Period).