Monaco Option definition

Monaco Option means, to the extent enforceable under applicable Law, the purported right of Monaco Financial, LLC to purchase, on or before the date that is the maturity date of any outstanding note under the Loan Agreement dated as of August 14, 2014, by and between the Company and Monaco Financial, LLC, up to 3,174,603 quotas in Oceanica owned by BahamasCo for a price equal to the lesser of $3.15 per quota or the price per quota obtained in certain public offerings.
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Monaco Option means the put and call option arrangements in respect of CMC between the Seller and Batelco, as described in Section 3 of Part I (Letter from the Chairman of Cable & Wireless Communications Plc) of this document;
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Monaco Option means the put and call option arrangements between the Seller and the Purchaser in respect of the CMC Majority Shares, as described in paragraph 9 of Part V (Summary of the Principal Terms and Conditions of the Disposal Agreement) of this document;
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Examples of Monaco Option in a sentence

  • The consideration to be paid by Purchaser to Holder in exchange for the Subject Securities at the Closing (the “Option Consideration”) shall be equal to $40,000,000 less any amounts paid or payable to Holder or any of its Affiliates following the date hereof upon the exercise of the Monaco Option less if Monaco has foreclosed on any of the Subject Securities, $10,000,000.

  • Holder shall not Transfer any of the Subject Shares, except pursuant to the terms of this Agreement or the Monaco Option.

  • Holder is the record and beneficial owner of the Subject Shares as of the date hereof and has (and will have as of the Closing Date) good, valid and transferable title to such Subject Shares as of the date hereof (and as of the Closing Date), in each case, free and clear of all Liens, other than restrictions on transfer created by applicable securities laws and Liens created by the Monaco Option and, only with respect to the date hereof, Liens created by the Monaco Pledge.

  • Purchaser acknowledges and agrees that to the extent the Monaco Option is not exercised and remains in full force and effect prior to the Closing, the Quotas acquired upon the exercise of the Right may be subject to the Monaco Option.

  • Holder shall not amend the Monaco Option without Purchaser’s prior written consent.

  • Any and all Pledged Collateral (including, without limitation, dividends, interest, other cash distributions, and proceeds of sale pursuant to the Monaco Option or the Call Option Agreement) at any time received or held by PLEDGOR shall be so received or held in trust for PLEDGEE, shall be segregated from other property of PLEDGOR and shall be forthwith delivered to PLEDGEE in the same form as so received or held, with any necessary indorsements.

  • If the Monaco Option becomes exercisable and is exercised, the CMC Disposal will further this strategy.

  • The total consideration payable by the Group for the M & I Transaction, including completion of the M&I Acquisition, the Seychelles Acquisition and the Monaco Option, is therefore BD 386.5 million (US$ 1,025 million) (on a debt free cash free basis and subject to customary adjustments relating to the amounts of debt, cash and working capital in the relevant companies at the relevant completion dates).

  • The Group and CWC have also entered into put and call option arrangements in respect of the 25 % CMC shares acquired which will become exercisable if the Monaco Option is not exercised and will, in such event and if exercised, require the transfer of the 25 % CMC shares from the Group to CWC for an amount of BD 37.7 million (US$ 100 million).

  • Prior to voting on the Transaction (including the Monaco Option), you should carefully consider the risks and uncertainties described below, in addition to the other information in this document.

Related to Monaco Option

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

  • 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.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Employee Option means an Option granted pursuant to Section 5.

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

  • Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of immediately prior to the Effective Time or will vest solely as a result of the consummation of the Merger.

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

  • Director Option means an Option granted pursuant to Section 6.

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

  • 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.

  • Parent Stock Option means any option to purchase Parent Common Stock granted under any Parent Stock Plan.

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Unvested Company Option means any Company Option that is not a Vested Company Option.

  • Company Option means an option to purchase shares of Company Common Stock granted under the Company Incentive Plan.

  • SAR means a stock appreciation right granted under the Plan.

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Company Stock Option means any option to purchase one or more shares of the Company’s Common Stock granted under any of the Company Stock Plans.

  • Parent Option means any option to purchase Parent Common Stock which was granted pursuant to a Parent Option Plan.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Company SAR means any stock appreciation right linked to the price of Company Common Stock and granted under any Company Stock Plan.

  • Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.

  • Co-op Shares Shares issued by private non-profit housing corporations.

  • Related Option means an Option with respect to which a Stock Appreciation Right has been granted.

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

  • Tandem Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is granted in tandem with an Option Right.