Option Notes definition

Option Notes. See the second introductory paragraph hereto.

Option Notes shall have the meaning set forth in the preamble.

Option Notes means Notes in an aggregate principal amount of up to $5,000,000 issued pursuant to the terms of the Purchase Agreement at one or more Option Closings (as defined in the Purchase Agreement).

Examples of Option Notes in a sentence

• It is understood that each Underwriter has authorized the Representative, for its account, to accept delivery of, receipt for, and make payment of the purchase price for, the Initial Notes and the Option Notes, if any, which it has agreed to purchase.

• The option hereby granted may be exercised for 30 days after the date hereof and may be exercised in whole or in part at any time from time to time upon notice by the Representative to the Company setting forth the aggregate principal amount of Option Notes as to which the several Underwriters are then exercising the option and the time and date of payment and delivery for such Option Notes.

• If the Rating Agencies do not confirm such ratings, no Put Option Notes will be redeemed on the First Put Option Date and the Relevant Margin on each Class of Put Option Notes will remain unchanged.

• The Underwriters shall not be under any obligation to purchase any Option Notes prior to the exercise of such option.

• However, all Put Option Notes will be redeemed if the majority of the Put Option Noteholders, being Put Option Noteholders representing more than fifty (50) per cent.

More Definitions of Option Notes

Option Notes shall (A) exclude the Set- tlement Notes and (B) include any and all other Secondary Notes held by the Fort Xxxxx Subsidiaries on the date hereof and any and all Secondary Notes issued by Holdings after the date hereof and on or before the Option Closing, together in each case with any accrued interest thereon. Subject to the terms and conditions hereof, the Fort Xxxxx Entities and the Crown Vantage Entities wish to amend the Purchase Agreement, the 11.45% Notes and the form of Indenture relating thereto by means of an amendment agreement (the "Note Amendment") being executed concurrently herewith in the form attached hereto as Exhibit 2, which will become effective as provided therein. In consideration of the mutual benefits to be derived from this Agreement and of the representations, warranties, conditions, agreements and promises contained herein and other good and valuable consideration, the parties agree as follows:

Option Notes mean the promissory notes to be delivered to fund the exercise of outstanding options to purchase Shares.

Option Notes has the meaning specified in Section 2.9.2.1 hereof.

Option Notes means the Convertible Notes, if any, issued pursuant to the Option Agreement.

Option Notes has the meaning specified in the recitals of the parties hereof.

Option Notes has the meaning set forth in the recitals hereto.

Option Notes has the meaning provided in Section 2.03(b).