Option Period Extension definition

Option Period Extension shall have the meaning assigned to such term in Section 4.2.6.
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Option Period Extension has the meaning assigned to it in Article 3.4.
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Option Period Extension has the meaning set forth in Section 4.1.1.
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Examples of Option Period Extension in a sentence

  • If the Initial Option Period terminates without any Purchase or the Option Period Extension being activated, or if the Option Period Extension terminates without any Purchase or the Production Period commencing, or if the Production Period terminates without any Purchase, then this Agreement shall terminate automatically and all rights in and to the Play shall revert to Owner and the Parties shall have no further obligations to one another hereunder except as may be expressly stipulated herein.

  • If, during either the Initial Option Period or the Option Period Extension, the Series goes into production, then Production Company’s option hereunder shall be further extended throughout the “Production Period”, which shall mean the period of time beginning upon the end of the Option Extension Period and terminating upon the earlier of either (i) Purchase; or (ii) Thirty Six (36) months from the start of the Production Period.

  • During such Option Period Extension, all rights and obligations of the respective Parties related to the exercise of such Program Option or to make any otherwise required Program Option Exercise Fee payment shall be tolled.

  • In the event that HSR clearance has still not been granted upon expiration of the Option Period Extension, ChemoCentryx and GSK shall promptly meet to discuss in good faith whether an additional extension of the Option Period is [***].

  • The Call Option Period Extension shall, if so extended, expire on the fifth (5th) anniversary of the Effective Date.

  • Notwithstanding the foregoing, but subject to Section 7.01(b), at any time after expiration of the Call Option Period (or the Call Option Period Extension, if applicable), each of the Class B Members may freely Dispose of all or any portion of its Membership Interest to any Person, other than an Excluded Party, without the consent of NEP Member.

  • In the event that HSR clearance has still not been granted upon expiration of the Option Period Extension, Regulus and GSK shall promptly meet to discuss in good faith whether an additional extension of the Option Period is reasonable, with the presumption being that the Option Period shall be extended for no more than an additional [...***...] period, unless there is no [...***...], in which case no such extension shall be granted.

  • In the event that NEP Member does not exercise the Call Option prior to expiration of the Call Option Period (or, if applicable, the Call Option Period Extension), then NEP Member shall use commercially reasonable efforts to assist the Class B Members in connection with a private placement of the Class B Units then held by such Class B Members and their Affiliates (or then held by the lenders under the Debt Financing (as that term is used in the Purchase Agreement)).

  • The Option Period Extension shall expire the earlier of either (a) execution of a license or (b) one (1) years from the Effective Date of the extension.

  • To exercise its right set forth herein, NEP Member shall, prior to expiration of the Call Option Period Extension and at least ten (10) days and no more than fifteen (15) days in advance of such exercise, deliver to the Class B Members written notice containing the same information set forth in Section 7.02(b) with respect to the Call Option Notice.

Related to Option Period Extension

  • Second Extension Period means the period of one (1) Contract Year commencing immediately after the end of the First Extension Period.

  • First Extension Period means the period of one (1) Contract Year commencing immediately after the conclusion of the Initial Exploration Period.

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

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • Extension Term means the time period defined in §2.C.

  • Second Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • 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.

  • Resolution Extension Period As defined in Section 2.03(b).

  • Extended Term shall have the meaning given such term in Section 2.4.

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

  • Non-Extension Notice Date has the meaning specified in Section 2.03(b)(iii).

  • Original Term shall have the meaning specified in Section 10 hereof.

  • First Extension Option shall have the meaning set forth in Section 2.2.1(b) hereof.

  • Extension Period has the meaning set forth in Section 2.11.

  • Additional Term means that term commencing on the last day of the Basic Term and terminating one (1) year thereafter.

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.

  • Initial Expiration Date is defined in Section 1.1(c) of the Agreement.

  • Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.

  • 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.

  • Renewal Option has the meaning set forth in §12.1.

  • Initial Term has the meaning set forth in Section 7.1.

  • Automatic Renewal Term has the meaning set forth in Section 10(a) hereof.

  • Time Extension shall have the meaning set forth in Clause 10.5;

  • Option Expiration Date means the last day of the maximum term of an Option.

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

  • Applicable Anniversary of the Commencement Date means the fifth (5th) anniversary of the Commencement Date.