Examples of Option Confirmation Notice in a sentence
If PacifiCorp delivers a valid and timely Option Confirmation Notice, Seller shall sell, transfer, assign and convey to PacifiCorp all of the Facility and all rights of Seller therein or relating thereto, on an “AS IS, WHERE IS” basis, free and clear of all liens, claims, encumbrances, or rights of others arising through Seller on the last day of the Term, including good and valid title to the Facility and Seller's rights in the Premises.
If PacifiCorp delivers a valid and timely Option Confirmation Notice, Seller shall sell, transfer, assign and convey to PacifiCorp all of the Facility and all rights of Seller therein or relating thereto, on an "AS IS, WHERE IS" basis, free and clear of all liens, claims, encumbrances, or rights of others arising through Seller on the last day of the Term, including good and valid title to the Facility and Seller's rights in the Premises.
Within three months following the determination of the Fair Market Value of the Facility pursuant to Section 5.6.1 (and as applicable, Section 5.6.2), but in no event later than 18 months following delivery of a Preliminary Interest Notice, PacifiCorp shall notify Seller if PacifiCorp elects to exercise its option (an "Option Confirmation Notice").
If Buyer does not provide a Purchase Option Confirmation Notice no less than fifteen months prior to the end of the 15th Contract Year, the Purchase Option shall terminate.
The parties to this Deed intend and agree that: (a) neither the delivery by Qorvo of an Option Notice or Option Confirmation Notice nor any other action taken by Qorvo pursuant to this Deed prior to the Completion shall constitute an “Acquisition” pursuant to any Employee Share Scheme or affect any Ltd Option or Dutch Option; (b) the treatment of the Ltd Options and Dutch Options as set forth in this clause 8 shall not take place unless and until the Completion occurs.
Seller covenants that, in the event it is provided such Option Confirmation Notice, Seller shall sell, transfer, assign and convey to Buyer all of the Facility and all rights of Seller therein or relating thereto, free and clear of all liens, claims, encumbrances, or rights of others arising through Seller on the last day of the Term, including good and valid title to the Facility and Seller's rights in the Premises.