Examples of Option Asset in a sentence
Option One Mortgage Corporation and its wholly owned subsidiaries, Premier Property Tax Services, LLC and First Option Asset Management Services (the "Company" or "Option One") is responsible for assessing compliance with the servicing criteria applicable to it under paragraph (d) of Item 1122 of SEC Regulation AB, as of and for the 12-month period ended December 31, 2007 (the "Reporting Period"), as set forth in Appendix A hereto.
The decision to purchase the applicable Option Asset, the purchase price to be paid for the applicable Option Asset, and the other terms of the purchase shall be approved by the Conflicts Committee.
The parties recognize and acknowledge that if the Option is exercised, a due diligence investigation will be undertaken and completed by Manager as provided for under the terms of the Option Asset Purchase Agreement prior to its determination of whether to make the asset purchase contemplated under such Option Asset Purchase Agreement.
The Optional Service Area Assets to be purchased if the Option is exercised are listed on Exhibit A to the Option Asset --------- Purchase Agreement, as the same may be updated by the parties promptly following its execution to reflect changes and additions to such assets from the date hereof to the date of its execution.
For each subscriber in the Optional Service Area who receives Sprint PCS Products and Service using a Sprint PCS handset which is under warranty on the Closing Date under the Option Asset Purchase Agreement, each such handset shall be subject to the underlying handset purchase agreement and warranties of Sprint PCS insofar as provided for in such agreements.
If the Option is exercised and the Option Asset Purchase Agreement is executed, the purchase price for the Optional Service Area Assets (including the right to provide Sprint PCS Services to Sprint PCS subscribers in the Optional Service Area at Closing) will be as set forth in the Option Asset Purchase Agreement.
In addition, upon the closing of the Option Asset Purchase Agreement (if executed), Manager agrees to offer employment to all Sprint Spectrum employees working in the BTAs that comprise the Optional Service Area on comparable terms.
The Purchase Price reflects a price of $20.10 for each Option Asset purchased.
In the event of any such additions, the purchase price to be paid for the Optional Service Area Assets will increase as determined in accordance with Exhibit C to the Option Asset Purchase Agreement.
If Manager exercises the Option, Manager must add both the Cedar Rapids and Iowa City BTAs. Upon receipt of the Option Exercise Notice and the Option Asset Purchase Agreement executed by Manager, the Service Area shall be deemed to have been expanded to include the Optional Service Area, and Sprint PCS shall immediately countersign the Option Asset Purchase Agreement and deliver an original counterpart thereof to Manager.