Minimum Option Price definition

Minimum Option Price means $50,000.
Sample 1Sample 2Sample 3
Minimum Option Price has the meaning set forth in Section 9.3(b)(ii).
Sample 1
Minimum Option Price means a sum equal to the following: (i) any and all hard and soft development and or acquisition costs actually paid to third parties by the Hersha Affiliates that were necessary and/or appropriate for the acquisition of the Hotel Property and/or Hotel Construction of the subject Hotel Property, (ii) all independent third party interest expenses incurred by or in connection with the acquisition or development of the subject Hotel Property that, in accordance with the Internal Revenue Code of 1986, as amended, and the rules and regulations promulgated in connection therewith, are properly capitalized, (iii) to the extent not provided for in (i) and (ii) above, the cash contribution of and unpaid advances by the owners of the subject Hotel Property, including any cash contribution of and advances by the Hersha Affiliates, and (iv) a cumulative, non-compounded return on the cash investment or advances (less any interest actually paid with respect to such advances) of the owners of the subject Hotel Property from the date such cash is invested or advanced, together with interest thereon equal to the prime rate plus five percent (5%). For purposes of this section, the "prime rate" shall be the prime rate as reported in The Wall Street Journal, Eastern Edition, from time to time. The Minimum Option Price shall be calculated by the Hersha Affiliates and set forth in a certificate delivered to the Partnership and certified as true and correct by the Hersha Affiliates upon the written request of the Partnership from time to time. The Minimum Option Price shall not include any finder's fee, brokerage fee, development fee, management fee or other compensation paid to the Hersha Affiliates.
Sample 1

Examples of Minimum Option Price in a sentence

  • At Expiration (the end of the Initial Term or any Renewal Term, in either case without further renewal, if permitted), the amount in Column 1 (Early Termination Fee) shall be deemed to be zero (0) and the amount in Column 2 (Minimum Option Price) shall be the amount applicable for the year then ending.

  • If WPHC and Xxxx are unable to determine the Option Price by the Option Closing Date, then WPHC shall pay Xxxx the Minimum Option Price as estimated by WPHC in its good faith judgment.

  • If WPHC and Feld are unable to determine thx Xxtion Price by the Option Closing Date, then WPHC shall pay Feld the Minimum Option Price ax xxtimated by WPHC in its good faith judgment.

  • The Option Price shall be determined by the Committee but in no event shall the Option Price be less than the Minimum Option Price.

  • If WPHC and Feld are unable to determine the Option Price by the Option Closing Xxxe, then WPHC shall pay Feld the Minimum Option Price as estimated by WPHC in its good faitx xxdgment.

  • However, in the event that the Optionee's employment is terminated without "cause," Optionee dies or becomes disabled, and at such time the Company is a reporting company under Securities and Exchange Act of 1934, the Company shall have a right to purchase any Units acquired by the Optionee under Options granted under this Plan for a purchase price equal to the fair market value of the Units determined on the date of termination in accordance with Section 4(A) above (Minimum Option Price).

  • However, in the event that the Optionee’s employment is terminated without “cause,” Optionee dies or becomes disabled, and at such time the Company is a reporting company under the 1934 Act, the Company shall have a right to purchase any Common Stock acquired by the Optionee under Options granted under this Plan for a purchase price equal to the fair market value of the Common Stock determined on the date of termination in accordance with Paragraph 4(A) above (Minimum Option Price).

  • With respect to each Hotel Property other than the Hampton Inn, Danville, Pennsylvania and the Sleep Inn, Pittsburgh, Pennsylvania, if the Minimum Option Price exceeds the Fair Market Value, the Partnership shall have the right to terminate the Acquisition Agreement within ten (10) days following receipt by the Partnership of the determination of Fair Market Value.

  • With respect to each Hotel Property other than the Hampton Inn, Danville, Pennsylvania, if the Minimum Option Price exceeds the Fair Market Value, the Partnership shall have the right to terminate the Acquisition Agreement within ten (10) days following receipt by the Partnership of the determination of Fair Market Value.

  • Notwithstanding the previous sentence, 7th Level shall be entitled (but not obligated) to set a minimum price per share for the Additional Purchase Price (the "Minimum Option Price") in its 7th Level Notice (as defined below); provided, however, that such Minimum Option Price shall not exceed the Closing Price for the trading day immediately prior to the 7th Level Notice Date.

Related to Minimum Option Price

  • Aggregate Option Exercise Price means, as of any date of determination, the sum of the exercise prices payable upon exercise in full of all Vested Options held by all Optionholders immediately prior to the Effective Time, based on the Estimated Merger Consideration or the Final Adjusted Merger Consideration, as applicable.

  • Option Price means the price at which a Share may be purchased by a Participant pursuant to an Option.

  • Exercise Price Per Share hereinafter “Exercise Price” means the exercise price with respect to all Shares acquired pursuant to each exercise of the Option).

  • Initial Exercise Price shall have the meaning set forth in Section 2.4.1.

  • Total Exercise Price shall have the meaning set forth in Section 4(a) hereof.

  • Purchase Option Price means the amount payable by a Lessee upon the exercise of its option to purchase a related 2018-1 Vehicle which amount equals (a) with respect to a Matured Vehicle, the Contract Residual Value plus any fees, taxes and other charges imposed in connection with such purchase and (b) with respect to a related 2018-1 Vehicle for which the related 2018-1 Lease has been terminated early by the Lessee, the sum of (i) any unpaid Monthly Payments due, (ii) any fees, taxes and other charges imposed in connection with the related 2018-1 Lease, (iii) an early termination fee and (iv) the Actuarial Payoff.

  • Exercise Price means the initial exercise price or the adjusted exercise price, depending on the context.

  • Minimum Exercise Amount means the Minimum Exercise Amount as specified in § 1 of the Product and Underlying Data.

  • Warrant Exercise Price means $0.05 per share.

  • Grant Price means the price established at the time of grant of a SAR pursuant to Article 7, used to determine whether there is any payment due upon exercise of the SAR.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Option Exercise Price means the price at which a share of Common Stock may be purchased upon the exercise of an Option.

  • Minimum Purchase Price has the meaning set forth in Section 2.04.

  • Current Warrant Price means, in respect of a share of Common Stock at any date herein specified, the price at which a share of Common Stock may be purchased pursuant to this Warrant on such date. Unless and until the Current Warrant Price is adjusted pursuant to the terms herein, the initial Current Warrant Price shall be $2.36 per share of Common Stock.

  • Aggregate Exercise Price means an amount equal to the product of (a) the number of Warrant Shares in respect of which this Warrant is then being exercised pursuant to Section 3 hereof, multiplied by (b) the Exercise Price.

  • Minimum Sale Price means (i) with respect to a Receivable (x) that has become 60 to 210 days delinquent or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has been repossessed by the Servicer and has not yet been sold at auction, the greater of (A) 55% multiplied by the Principal Balance of such Receivable and (B) the product of the three month rolling average recovery rate (expressed as a percentage) for the Servicer in its liquidation of all receivables for which it acts as servicer, either pursuant to this Agreement or otherwise, multiplied by the Principal Balance of such Receivable or (ii) with respect to a Receivable (x) with respect to which the related Financed Vehicle has been repossessed by the Servicer and has been sold at auction and the Net Liquidation Proceeds for which have been deposited in the Collection Account, or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has not been repossessed by the Servicer despite the Servicer’s diligent efforts, consistent with its servicing obligations, to repossess the Financed Vehicle, $1.

  • Purchase Price Per Share means $0.01 per share, as may be adjusted from time to time in accordance with Section 5 or 6.

  • Warrant Exercise Period shall commence (subject to Section 6(d) below), on the later of:

  • Grant Amount or “Grant” means the total amount of financial assistance disbursed under this Agreement, which consists of the City's Amount and the Consultant’s Amount.

  • Closing Price Per Share means, with respect to the Common Stock, for any day, (i) the last reported sale price regular way on the Nasdaq National Market or, (ii) if the Common Stock is not quoted on the Nasdaq National Market, the last reported sale price regular way per share or, in case no such reported sale takes place on such day, the average of the reported closing bid and asked prices regular way, in either case, on the principal national securities exchange on which the Common Stock is listed or admitted to trading, or (iii) if the Common Stock is not quoted on the Nasdaq National Market or listed or admitted to trading on any national securities exchange, the average of the closing bid prices in the over-the-counter market as furnished by any New York Stock Exchange member firm selected from time to time by the Company for that purpose.

  • Price Per Share shall have the meaning ascribed to such term in Section 2.1.

  • Option Share has the meaning ascribed to it in section "4.7" hereinbelow;

  • Maximum Basic Grant Amount’ has the same meaning as set out in item 1 of Schedule 1 of HESA;

  • Adjusted Conversion Price means the lesser of the Fixed Conversion Price or the Floating Conversion Price one day prior to the record date set for the determination of stockholders entitled to receive dividends, distributions, rights or warrants as provided for in Sections 4(c)(ii), (iii) and (iv).

  • Termination Price As defined in Section 9.01.

  • SAR Price means the exercise price or conversion price of each share of Common Stock covered by a SAR, determined on the Date of Grant of the SAR.