Option Notice Date definition

Option Notice Date means the date on which a notice exercising an option under subsection (2) or (3) of section five of this Act is given;

Option Notice Date means the first date on which all holders of Company Options have received Option Notices in accordance with Section 2.7(a).

Option Notice Date. December 1, 2027 Option Term: A period of time commencing on the First Option Term Commencement Date and ending on the First Option Term Expiration Date. Option Term Commencement Date: March 1, 2029 Option Term Expiration Date: February 28, 2034 Parking Areas: Those areas on the Property designated as of the date of this Lease by Landlord to be used for parking automobiles. The areas on the Property designated as of the date of this Lease by Landlord to be used for parking automobiles are shown on Exhibit A, “LEASE PLAN”. Premises: Approximately 42,000 square feet of rentable area on the ground floor of the Building as more fully described in the Article of this Lease entitled “DESCRIPTION OF PREMISES”. The Premises includes the entire ground floor of the Building, including, without limitation any loading docks and all other entry and exit ways.

Examples of Option Notice Date in a sentence

• The Option granted hereby shall be exercisable at any time during the Option Period, but shall expire at 5:00 p.m. on the Option Notice Date, subject to Section 3.1 above, unless otherwise extended or exercised as provided in this Agreement.

• SCHEDULE I Form of Option Notice Date: To: Dear Sir, CALL OPTION AGREEMENT DATED [***] BETWEEN [NAME OF GRANTOR] AND [NAME OF GRANTEE] (“CALL OPTION AGREEMENT”) I refer to the Call Option Agreement.

• In the event Optionee fails to deliver the Exercise Notice to Optionor prior to the Option Notice Date, Optionor must provide written notice to Optionee of such failure, which notice shall specifically provide that the Option will lapse and will be of no further force or effect unless Optionee delivers the Exercise Notice within ten (10) business days after its receipt of such correspondence from Optionor.

• In the event the Owner and City are unable to agree on the fair market value, within forty-five (45) days of written notice of the Option Notice Date (the “Negotiation Period”), the fair market value shall be determined in accordance with the appraisal procedures set forth in the paragraph directly, below (“Fair Market Value Appraisal Process”).

• In the event Optionee delivers the Exercise Notice to Optionor (either prior to the Option Notice Date or within ten (10) business days after receipt of the above-referenced correspondence from Optionor), the Purchase Price shall be due and payable by Optionee to Optionor in immediately available funds at the Closing.

More Definitions of Option Notice Date

Option Notice Date has the meaning set forth in Section 13.3 (Additional Wave Representations and Warranties as of the Option Notice Date).

Option Notice Date means the date of receipt by either party of a written notice under this Paragraph. Execution Copy

Option Notice Date shall be amended to read as follows: “January 1, 2031”

Option Notice Date means the date on which City shall have delivered the Option Notice to Owner, provided that in no event shall the Option Notice Date be later than the Option Expiration Date. When this Agreement, fully signed, is delivered to Escrow Holder, Escrow shall be deemed opened (“Opening of Escrow”). Escrow Holder shall immediately notify City and Owner, in writing, of the date of Opening of Escrow.

Option Notice Date means the Trading Day, as set forth below, on which the Company receives an Option Notice; however, an Option Notice shall be deemed delivered on (a) the Trading Day it is received by facsimile or otherwise by the Company if such notice is received prior to 9:00 am Eastern Time, or (b) the immediately succeeding Trading Day if it is received by facsimile or otherwise after 9:00 am Eastern Time on a Trading Day. No Option Notice may be deemed delivered on a day that is not a Trading Day.

Option Notice Date. December 1, 2019 Option Term: A period of time commencing on the Option Term Commencement Date and ending on the Option Term Expiration Date. Option Term Commencement Date: December 1, 2020 Option Term Expiration Date: November 30, 2025 Parking Areas: Those areas on the Property designated as of the date of this Lease by Landlord to be used for parking automobiles. The areas on the Property designated as of the date of this Lease by Landlord to be used for parking automobiles are shown on Exhibit A, “LEASE PLAN”. Premises: Approximately 25,200 square feet of rentable area on the ground floor of the Building as more fully described in the Article of this Lease entitled “DESCRIPTION OF PREMISES”.

Option Notice Date has the meaning given that term in Section 5.13.1 hereof.