Option Up definition

Option Up means Up Call Spread.

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Option Up means [•];]["Up Call" means Max (Up Final Settlement Value – Up Strike Percentage; Up Floor Percentage);]["Up Call Spread" means Min (Max (Up Final Settlement Value – Up Strike Percentage; Up Floor Percentage); Up Cap Percentage);]["Up Forward" means Up Final Settlement Value – Up Strike Percentage;]["Up Put" means Max (Up Strike Percentage – Up Final Settlement Value; Up Floor Percentage); ]["Up Put Spread" means Min (Max (Up Strike Percentage – Up Final Settlement Value; Up Floor Percentage); Up Cap Percentage). ]]

Option Up means Up Call.

Examples of Option Up in a sentence

• General Technical Option Up to 27 credit hours of qualifying prior college coursework not meeting other program requirements may be applied toward the technical specialty hours.

• Option Up life insurance with rebate dollars or employee contribution to two (2x) times or three (3x) times the base salary average for life insurance coverage.

• Over-allotment Option Up to [●] additional shares of Common Stock, representing 15% of the Firm Shares sold in the offering from the Company and/or up to[●] additional warrants to purchase an aggregate of up to an additional [●] shares of Common Stock, representing 15% of the Firm Warrants sold in the offering from the Company.

• Up to 10,000 Shares (representing 10 shares of Series A Preferred Stock) Trade Date: December 18, 2020 Settlement Date: December 22, 2020 Listing: Expected NYSE “ALTG PRA” Size: $29,750,000 Option: Up to $250,000 Maturity Date: Perpetual (unless redeemed by Issuer on or after December 22, 2025 or in connection with a change of control or delisting event).

• By /s/ ▇▇▇ ▇▇▇▇▇▇▇▇ Authorized Officer By /s/ ▇▇▇▇ ▇▇▇▇▇▇ Authorized Officer Public Offering Price per Share: $ 5.65 Number of Shares Subject to the Offering: 5,500,000 shares of common stock Over-allotment Option: Up to an additional 825,000 shares of common stock to cover over-allotments, if any, within 30 days of the date of this Agreement.

• Underwriter’s Over-Allotment Option: Up to $7,500,000 aggregate principal amount of notes.

• Over-allotment Option: Up to 187,500 additional shares of Common Stock, representing 15% of the Firm Units sold in the offering from the Company.

• Number of Shares Subject to Option: Up to 800,000 Exercise Price (Per Share): $9.50 Expiration Date: November 6, 2028 Type of Grant: Non-Qualified Performance Stock Option (inducement grant) Exercise Schedule: Same as Vesting Schedule.

• Over-Allotment Option: Up to 225,000 additional shares of the Mandatory Convertible Preferred Stock at the public offering price, less the underwriting discount.

• Over-allotment Option Up to [●] additional shares of Common Stock, representing 15% of the Firm Units sold in the offering from the Company.