Option Unit definition

Option Unit has the meaning given to it in the Invitation to Bid;

Option Unit means a Common Unit issued upon exercise of the Option.

Option Unit means the outcome of the following formula: Specified Denomination x Participation x⎡ MPV(End) ⎤ MAX⎢0 ; MPV(Start) − 1⎥⎣ ⎦If the Final Redemption Receipt Date falls on or after the Latest Permissible Receipt Date, then the Issuer may, notwithstanding Condition 19(b), postpone the payment of the Option Unit of the Final Redemption Amount to the date that is seven Business Days following the earlier of (i) the Final Redemption Receipt Date and (ii) the Long Stop Date (the “Final Payment Date”). For the avoidance of doubt, no additional amounts shall be payable in respect of the postponement of any payment from the Maturity Date to the Final Payment Date. If the Calculation Agent determines that the Final Redemption Receipt Date falls on or after the Long Stop Date, the Option Unit of the Final Redemption Amount of the Notes shall be redeemed at zero or such other amount as the Issuer determines in its sole and absolute discretion.Where:

Examples of Option Unit in a sentence

• The purchase price to be paid for each Option Unit will be the same price per Firm Unit set forth in Section 1.1.1 hereof.

• The Option Units are to be offered initially to the public at the offering price of $10.00 per Option Unit.

• Payment for the Option Units shall be made on the Option Closing Date by wire transfer in Federal (same day) funds, payable as follows: $9.80 per Option Unit shall be deposited in the Trust Account pursuant to the Trust Agreement upon delivery to the Representative of certificates (in form and substance satisfactory to the Representative) representing the Option Units (or through the facilities of DTC) for the account of the Representative.

• The purchase price to be paid for each Option Unit (net of discounts and commissions) will be $9.80 per Option Unit.

• Payment for the Option Units shall be made on the Option Closing Date by wire transfer in Federal (same day) funds, payable as follows: $10.00 per Option Unit shall be deposited in the Trust Account pursuant to the Trust Agreement upon delivery to the Representative of certificates (in form and substance satisfactory to the Representative) representing the Option Units (or through the facilities of DTC) for the account of the Representative.

More Definitions of Option Unit

Option Unit means the number of Shares that a Participant is entitled to purchase from time to time upon exercise of an Option, as specified in such Option and as such number of Shares may be adjusted from time to time.

Option Unit means a Unit which is designated as an Option Unit and which has the rights, preferences and other privileges designated in Exhibit G hereof. The Option Units are intended to give the holders thereof the benefits of appreciation in the value of the Class A Common Units from the time of issuance of the Option Units. The allocation of Option Units among the Members shall be set forth in the Member Registry.

Option Unit means an Incentive Stock Option or a Non- Statutory Stock Option granted in respect of one-one hundredth (1/100) of a share of Non-Voting Common Stock.

Option Unit means an opportunity to purchase Class B Common Units granted pursuant to this Plan.

Option Unit means a Unit issued in connection with the exercise of the Over-Allotment Option.

Option Unit means the right to receive the difference between the Option Unit Value at the time of the grant and at the time of the exercise of the Option Unit in shares of Common Stock and/or cash as determined pursuant to subparagraph (3) of paragraph C of Section 10 hereof.

Option Unit shall be equal to that number of shares of Sybase Common Stock equal to the Merger Exchange Ratio, together with that amount of cash equal to the Cash Value Per Share.