Option to definition

Option to renew: Two (2) Five year options; with a renewal increase of .75 per ---------------- sq. ft. per year starting on first renewal year. Option notification date: December 31, 2014 ------------------------

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Option to. ELECT REPAYMENT UPON A CHANGE OF CONTROL . . . 101 FORM OF ASSIGNMENT . . . . . . . . . . . . . . . . . . . 102 EXHIBIT B - FORM OF GLOBAL NOTE . . . . . . . . . . . . 104 FORM OF CERTIFICATE AUTHENTICATION . . . . . . . . . . . 108 FORM OF REVERSE OF NOTE . . . . . . . . . . . . . . . .

Option to. Undo: If HOMEOWNER takes some action not in compliance with these Rules and Regulations (including, without limitation, constructing an improvement without approval), OWNER has the option of undoing what the HOMEOWNER has done. If OWNER exercises any of these options given, HOMEOWNER shall be responsible to OWNER for OWNER’S expenses in doing the work.

Examples of Option to in a sentence

• Such broker or other entity shall be responsible for disbursing any payments it receives pursuant to exercise of the Survivor's Option to the appropriate Representative.

• In order for a Security to be repaid in whole or in part at the option of the Holder, the Trustee must receive, at the Corporate Trust Office, or such other office of which the Company shall from time to time notify the Holders of the Securities, at least 30 days but not more than 60 days prior to the Repayment Date on which this Security is to be repaid, this Security with the form entitled "Option to Elect Repayment" below duly completed.

• Securities of any series subject to repayment at the option of the Holders thereof will contain an "Option to Elect Repayment" form on the reverse of such Securities.

• Party C hereby agrees to the grant by Party B of the Equity Interest Purchase Option to Party A.

• Such broker or other entity shall be responsible for disbursing any payments it receives pursuant to exercise of the Survivor’s Option to the appropriate Representative.

• Rule 701 provides that if the issuer qualifies under Rule 701 at the time of the grant of the Option to the Optionee, the exercise will be exempt from registration under the Securities Act.

• However, the term does not include contracts that exceed five years in duration because the period of performance has been extended for a cumulative period not to exceed six months under the clause at 52.217-8, Option to Extend Services, or other appropriate authority.

• Exercise of this Option to the extent above stated may be made in part at any time and from time to time within the above limits, except that no fractional share shall be issued pursuant to this Option.

• No such permitted transfer of the Option to heirs or legatees of the Participant shall be effective to bind the Company unless the Committee shall have been furnished with written notice thereof and a copy of such evidence as the Committee may deem necessary to establish the validity of the transfer and the acceptance by the transferee or transferees of the terms and conditions hereof.

• Upon receipt of the notification that Developer’s designated dates are not acceptable to the Connecting Transmission Owner, the Developer shall notify the Connecting Transmission Owner within thirty (30) Calendar Days whether it elects to exercise the Option to Build if it has not already elected to exercise the Option to Build.

More Definitions of Option to

Option to. EXPAND: Ryan ▇▇▇panies US, Inc., ("Ryan"), subject to the terms and conditions hereof, hereby grants to Tenant the exclusive option ("Expansion Option") to lease certain premises ("Expansion Premises") to be built on land ("Expansion Land") adjacent to the Project as illustrated on the Site Plan attached as Exhibit B. Landlord hereby represents and warrants that a two story building of not less than 45,000 square feet, with surface parking for not less than 225 cars is permissible as a matter of right and without variance, or conditional or other use permit under applicable zoning regulations and building codes in effect as of the date of this Lease that such building may be used for the same purposes permitted under this Lease and that there is sufficient area available on the Expansion Land, and the configuration of the Expansion Land is such that, such building, parking and related improvements can be constructed on the Expansion Land in compliance with zoning regulations and building codes consistent with the requirements of this Lease. The legal description of the Expansion Land is attached hereto as Exhibit A-3. Ryan ▇▇▇eby agrees that, prior to the termination of, or exercise of (and completion of its obligations in respect of) the Expansion Option, it shall not transfer its interest in the Project, other than a transfer (1) for security purposes only or (2) to an entity controlled by it or (3) to an entity controlled by its principals and that such transferree shall remain controlled by or under common control with Ryan, ▇▇th such control continuing, and the Project shall at all such times be under such common control with the Expansion Land. No such transfer shall release Ryan ▇▇▇m any obligation under this Article 4, which shall remain directly and primarily liable therefore and shall not be discharged by any matter that would, but for this provision, release a party in the position of, or comparable to, a surety. Without limiting the foregoing, Ryan ▇▇▇eby guarantees, absolutely and unconditionally, the full and timely payment and performance of this Article 4 by any such transferee. Except as otherwise expressly provided herein, the obligations of Landlord under this Article 4 shall be the personal, independent obligations of Ryan ▇▇▇ shall not be binding upon any future owner of the interest of Landlord hereunder. Any failure by Ryan ▇▇ perform its obligations under this Article 4 shall not constitute a default by Landlord under this Lease or ...