Examples of Option Period in a sentence
If Crescent fails to exercise the Option in accordance with this Section 4.3 prior to expiration of the Option Period, then, upon such expiration, the Option shall terminate and be of no further force or effect.
The Optionee may exercise the Option at its sole discretion at any time during the Option Period by providing written notice thereof to the Optionors, subject to the payment of the Purchase Price as described below.
The principal balance of the Term Loan and other Obligations outstanding from time to time shall bear interest from the respective dates such principal amounts or other Obligations are advanced or incurred or outstanding until paid, (a) during the PIK Interest Option Period, at the Borrower’s election at a rate per annum equal to either (i) the PIK Interest Option Rate or (ii) the Cash Interest Rate, and (b) during the Cash Interest Period, at a rate per annum equal to the Cash Interest Rate.
If Crescent determines that [***] Project ADC meets the Project ADC Selection Criteria, then Crescent shall so notify Paragon in writing prior to the end of the Option Period.
Following the Seventh Amendment Effective Date, the principal balance of each Term Loan outstanding from time to time shall bear interest from such date until paid, (a) during the PIK Interest Option Period, at the Borrower’s election (a “PIK Election”) at a rate per annum equal to either (i) the PIK Interest Option Rate or (ii) the Cash Interest Rate, and (b) during the Cash Interest Period, at a rate per annum equal to the Cash Interest Rate.