Other Option definition
Examples of Other Option in a sentence
Purchaser’s exercise of the Option under the Agreement shall be only effective if Purchaser simultaneously exercises the option granted to Purchaser pursuant to the Other Option Agreement (as defined herein) and Purchaser may not exercise the Option without also exercising the Option granted under the Other Option Agreement.
All outstanding shares of capital stock of the Company are, and all shares which may be issued pursuant to the Stock Plans or pursuant to the agreements representing outstanding Other Options described in clause (iii) above shall be, when issued and paid for in accordance with the terms of the applicable Stock Plan or Other Option, duly authorized, validly issued, fully paid and nonassessable and not subject to preemptive rights.
To the extent that amounts are so withheld, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the holder of such Company Option or Other Option.
The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary action on the part of such Continuing Shareholder, Other Option Holder or Borrower.
The payment of the Option Merger Consideration to the holder of a Company Option or Other Option shall be reduced by any income or employment tax withholding required under the Code or any provision of state, local or foreign Tax (as defined in Section 2.6) law.
Any acceleration of your Other Options in connection with a Change in Control or Business Segment Sale shall be governed solely by the express terms of the applicable Plan under which each such Other Option was granted and the applicable stock option agreement for that Other Option.
Following the occurrence of an Exercise Event, Parent may purchase: (i) all (but not less than all) Subject Securities consisting of Company Common Stock at a purchase price of $2.33 per share (as adjusted pursuant to Section 4.2 below, the "Standard Option Price"), and (ii) all or any part of any other Subject Securities at a purchase price equal to that paid by such Selling Party for such Subject Securities (the "Other Option Price").
It shall be a condition precedent to Landlord's obligation to proceed to the Option Closing that, as of the date on which Tenant delivers the Option Exercise Notice and continuing through the date on which the Option Closing occurs, (x) no Event of Default exists, and (y) Tenant or an Affiliate of Tenant must close the Other Option Closings.
EMB-145 AIRCRAFT CONFIGURATION CHANGES The following configuration changes are applicable for the Delta Aircraft and for the Other Option EMB-145 Aircraft and shall be applicable to Attachment "▇-▇", "▇-▇", "▇-▇" and "A-4" to the Purchase Agreement.
If Tenant fails to proceed to the Option Closing for any reason other than a default by Landlord with respect to its obligations pursuant to the terms of EXHIBIT "E" relative to the Option and the Option Closing, or if any of the Other Option Closings fail to occur for a reason other than a default by Landlord or an Other Landlord with respect to the its obligations pursuant to the terms of the Other Purchase Options.