Option Period 3 definition

Option Period 3 means the twelve (12) month period (as may be extended by the mutual agreement of the Parties) beginning on the date PG&E delivers to Citizens a Project List for the third Option hereunder; provided, that if either (x) PG&E does not deliver a Project List within nine (9) months following the end of Option Period 2, or (y) the third Option expires pursuant to Section 4.2(b)(ii) or Section 4.2(c)(ii), “Option Period 3” means the nine (9) month period following the end of Option Period 2.
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Option Period 3 shall begin on the first day of the thirty-first (31st) month after the Effective Date and continue through the last day of the forty-second (42nd) month.
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Option Period 3 means the period stated in the Key Details for Standing Offer Agreement.
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Examples of Option Period 3 in a sentence

  • Option Period 3: If exercised, one year from the end of Option Period 2.

  • Option Period 4: If exercised, one year from the end of Option Period 3.

  • ELINs with prefix “D” support Option Period 3, ELINs with prefix “E” support Option Period 4, ELINs with prefix “F” support Option Period 5, ELINs with prefix “G” support Option Period 6, ELINs with prefix “H” support Option Period 7, and ELINs with prefix “J” support the FAR 52.217-8 Option.

  • Option Period 3 is one year of performance on a cost-plus-fixed fee basis and an award fee basis.

  • Option Period 3 is one year of performance on a cost-plus-fixed-fee basis.

  • Period of Performance - 12 months from the expiration of Option Period 3.

  • See Table B-1 If option is exercised to extend EA ordering, the Contractor shall provide CLIN 0001 products and services IAW delivery orders issued during Sustainment Option Period 3.

  • Modification 32 reflected the Coast 47 The change order associated with Modification 30 was “the only SETS II [task order]action associated with [Coast Guard] Financials to date There have been no other actionsGuard’s determination that the “exercise of Option Period 3 [was] most advantageous to the government” and that “[f]ailure to exercise the option .

  • Offerors shall provide the proposed prices for all CLINs in the Schedule, including those associated with the Phase-In, Base Year, Option Period 1, Option Period 2, Option Period 3, and Option Period 4.

  • A family’s utilisation of the IFSS services selected by Gateway is voluntary.The MOU governs the process of referrals from CPS to Gateway.


More Definitions of Option Period 3

Option Period 3 shall commence on June 1, 2019 and continue through May 31, 2021. During Option Period 3, the option shall remain exclusive to the Owner and the City agrees not to convey or otherwise encumber the Option Property during the Option Period 3 so long as the Owner pays to the City an option fee of $20,000.00 per acre (“Option Period 3 Fee”). The Option Period 3 Fee shall be payable to the City on or before June 1, 2019. If the Owner fails to pay the Option Period 3 Fee within thirty (30) days after the Option Period 3 Fee is due, then the option shall terminate and no longer be in effect. Option Period 3 shall only be effective and Owner shall only have a right to exercise the option if there is no existing and uncured material Event of Default under this Agreement by the Owner and the Redevelopment Property has been conveyed to the Owner. Option Period 3 Fee shall be non-refundable except in the event of any Event of Default by the City hereunder and except as provided in Section 4.4(o), but upon the occurrence of the Option Property Closing, Option Period Fee 2 and Option Period Fee 3 shall be applied as a credit towards the Option Property Purchase Price.
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Related to Option Period 3

  • Option Period means the period during which an Option may be exercised.

  • Option Date means, with respect to any Stock Option, the date on which the Stock Option is awarded under the Plan.

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

  • Grant Year has the same meaning as in subclause 1(1) of Schedule 1 of HESA;

  • Grant Period means the period between Effective Date and Expiration Date of the Grant Award Agreement during which time expenditure of all grant funds and all contributions to match must be made.

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Election Period means the period immediately preceding the beginning of each Plan Year established by the Administrator, such period to be applied on a uniform and nondiscriminatory basis for all Employees and Participants. However, an Employee's initial Election Period shall be determined pursuant to Section 5.1.

  • Planning Period Balance means the entire period of time remaining in the Planning Period following the month that a monthly auction is conducted.

  • Nomination Period means, in respect of a Nomination, the period from the Nomination Start Time to the Nomination End Time;

  • Matching Period has the meaning specified in Section 5.4(1)(e).

  • Evaluation Period bears the meaning ascribed thereto in Section 7.4(d)(i);

  • Period 2 Two hundred eleven (211) days to one year after the Effective Date.

  • Anniversary Year The one-year period beginning on the Closing Date and ending on the first anniversary thereof, and each subsequent one-year period beginning on the day after the end of the preceding Anniversary Year and ending on next succeeding anniversary of the Closing Date.

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.

  • Accumulation Period Factor means, for any Collection Period, a fraction with:

  • Testing Period means a single period consisting of the four consecutive fiscal quarters of the Borrower then last ended (whether or not such quarters are all within the same fiscal year), except that if a particular provision of this Agreement indicates that a Testing Period shall be of a different specified duration, such Testing Period shall consist of the particular fiscal quarter or quarters then last ended that are so indicated in such provision.

  • Accumulation Period Amount means $41,666,666.67; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture Supplement.

  • Planning Period Quarter means any of the following three month periods in the Planning Period: June, July and August; September, October and November; December, January and February; or March, April and May.

  • Payout Period means the time frame during which certain benefits payable hereunder shall be distributed. Payments shall be made in monthly installments commencing on the first day of the month following the occurrence of the event which triggers distribution and continuing for a period of one hundred eighty (180) months. Should the Executive make a Timely Election to receive a lump sum benefit payment, the Executive's Payout Period shall be deemed to be one (1) month.

  • Start-up period means up to a maximum of 7 Academy Financial Years and covers the period up to and including the first Academy Financial Year in which all age groups are present at the Academy (that is, all the pupil cohorts relevant to the age-range of the Academy will have some pupils present).

  • Annual Enrollment Period or "Enrollment Period" means the period before each policy anniversary so designated by the Sponsor and Lincoln during which you may enroll for coverage under this policy.

  • Initial Enrollment Period means one of the following periods during which you may first enroll for coverage under this plan:

  • Strike Period means from and including 19 July 2024 to and including 23 July 2024

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of (1) two years following such Change in Control or (2) the Executive’s death.

  • Purchase Period means a period of time specified within an Offering, generally beginning on the Offering Date or on the first Trading Day following a Purchase Date, and ending on a Purchase Date. An Offering may consist of one or more Purchase Periods.

  • Qualifying Period means 12 continuous Calendar Weeks during the whole or part of which the Agency Worker is supplied by one or more Temporary Work Agencies to the relevant Hirer to work temporarily for and under the supervision and direction of the relevant Hirer in the same role, and as further defined in the Schedule to these Terms;