NPCP Option definition

NPCP Option means the right of a 100% Noteholder to make payment to cancel the then outstanding Accumulated Negative Performance in accordance with this Paragraph 5(f).
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NPCP Option means the right of a 100%
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Examples of NPCP Option in a sentence

  • The Issuer hereby instructs the Custodian to return the NPCP Payment received after the NPCP Payment Date to the account specified in the NPCP Option Notice.

  • If the NPCP Payment is received after the NPCP Payment Date, (a) the purported exercise of the NPCP Option will be deemed null and void, and (b) as soon as practicable an amount equal to any NPCP Payment held by the Custodian will be returned to the 100% Noteholder to such account as is specified in the NPCP Option Notice with no requirement to account for interest on such sum of any description.

Related to NPCP Option

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

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

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

  • 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.

  • 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.

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

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

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

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

  • 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.

  • Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of such time or will vest in connection with the consummation of the transactions contemplated hereby (whether at the Effective Time or otherwise).

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

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

  • Company Stock Option means each option to purchase shares of Company Common Stock outstanding under the Company Stock Plans.

  • Parent Option means an option to purchase shares of Parent Common Stock.

  • Replacement Option means an Option that is granted when a Participant uses a Common Share held or to be acquired by the Participant to exercise an Option and/or to satisfy tax withholding requirements incident to the exercise of an Option.

  • 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.

  • Parent Stock Option means any option to purchase Parent Common Stock.

  • 102 Option means any Option granted to Employees pursuant to Section 102 of the Ordinance.

  • Share Option Plan means any equity incentive plan of the General Partner, the General Partner Entity, the Partnership and/or any Affiliate of the Partnership.

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

  • Performance Option means an Incentive Stock Option or Nonqualified Stock Option, the grant of which or the exercisability of all or a portion of which is contingent upon the attainment of specified Performance Measures within a specified Performance Period.

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