Examples of Optioned Units in a sentence
The Company shall issue a certificate in the name of the Optionee (or such other person exercising the Option in accordance with the provisions of Section 10(b)) for the Optioned Units as soon as practicable after receipt of the Notice and payment of the aggregate Option Price for such Units.
Optionor shall not be entitled to vote, receive dividends, or be deemed for any purpose the holder of any Optioned Units until the Put Option shall have been duly exercised to sell such Optioned Units in accordance with the provisions of this Agreement.
On the terms and conditions set forth in this Agreement, (a) Optionor hereby grants to Optionee an option (the "Put Option") to sell to Optionor the Optioned Units at the Option Exercise Price and (b) Optionee hereby confirms its acceptance of the Put Option.
Such notice (a "Notice of Exercise") shall state that it is intended as an exercise under this Agreement and the number of the Optioned Units being sold.
Optioned Units issued to Optionholders pursuant to the exercise of Exchange Options may be subject to limitations on sale or resale under applicable securities laws.
The Fund may require an Optionholder to pay to the Fund, in addition to the Exercise Price for the Optioned Units, any amount that the Fund or the Corporation is obliged to remit to the relevant taxing authority in respect of the exercise of the Exchange Option.
The execution and delivery by Optionee of this Agreement and the sale of the Optioned Units to Optionor will not conflict with or result in any breach of or constitute a default under any agreement or instrument to which FFPE, LLC or Optionee is a party or by which its or Optionee's assets are bound.
Hopefully, you asked all the right questions before signing an agreement to sell.
Unless otherwise agreed to by the Fund in writing, no Exchange Option will be issued and no Optioned Units will be issued on the exercise of Exchange Options under the Plan where such issue would require registration of the Plan or such Optioned Units under the securities laws of any foreign jurisdiction.
The Agent may exercise the Option in whole or in part, at any time and from time to time, on or prior to the Expiry Time, by notice in writing given by the Agent to the Corporation at its address for notice set out in the Agency Agreement, specifying the number of Optioned Units in respect of which it is exercised and accompanied by payment in cash or certified cheque for the purchase price of all of the Optioned Units specified in such notice, calculated in accordance with Section 1 hereof.