Permitted Option definition

Permitted Option shall have the meaning assigned to it in Section 6.07(a) hereof.
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Permitted Option has the meaning set forth in the Credit Agreement.
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Permitted Option means an option granted by Holdings to Sponsor entitling Sponsor to purchase part or all of the Capital Stock of Company, which option shall be subject and subordinate to the Pledge and Security Agreement and shall not be transferable without the consent of the Requisite Lenders.
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Examples of Permitted Option in a sentence

  • Notwithstanding anything herein to the contrary, upon a Change in Control, the Permitted Percentage and Permitted Option Percentage shall be deemed to be 100%.

  • The total number of Series A shares is 18,042,743 and the number of Series B shares is 1,500,000.

  • X-X-4(C) Marijuana Testing Facility Permitted Option D: Permits Marijuana Establishments; Prohibits or Permits Marijuana Testing FacilitiesSec.

  • Each Potential Claimant who returns the Selection/Release by the Return Deadline with Option 2 affirmatively selected or with neither Option 1 nor 2 selected (the “ Permitted Option 2 Claimant”) shall be permitted to immediately seek to recover from theLiquidating Trust Insurance Policies.

  • Based on the information provided, the Village has identified the scenario associated with the DNR Permitted Option, With and Without Contingency, for the harbor and marina project as the primary working plan.

  • Scrimmage Time Schedule Option A or Option B Permitted Option A 15 minute warm-up session • 4 – 15 minute quarters with running clock • Each team permitted one time out (with clock stopped) during each of the four quarters • 5 minutes between quarters for drink and rest.

  • Permitted Option 2 Claimants are hereby deemed to have waived (a) any right to a distribution from the GUC Beneficiary Reserve and (b) any claim he or she may have against the Liquidating Trust, the Liquidating Trustee, his agents and attorneys, members of the Oversight Committee, and the Claimholder’s own attorney(s) as related to this Bankruptcy Case.

  • The Permitted Option 2 Claimants are hereby granted limited relief from the automatic stay under Bankruptcy Code section 365 solely for the purpose of pursuing such recovery from the Liquidating Trust Insurance Policies.

  • The Liquidating Trustee is authorized to file with the Court and serve on Claimant Counsel a list of Compliant Option 1 Claims and Permitted Option 2 Claims by June 29, 2018, subject to being extended by Order of the Bankruptcy Court upon motion of the Liquidating Trustee.


More Definitions of Permitted Option

Permitted Option means a right to purchase the interest of the Borrower or a Restricted Subsidiary in a Person that is not a Loan Party (or assets or property of such Person or the K-T Printer Assets) granted to an equity holder (or a designee thereof) of such Person (or to such Person itself) at (x) fair market value or (y) in the case of a Permitted Option to purchase an interest in the Salt Lake Printer Entity, either fair market value or the Borrower's and its Restricted Subsidiaries' share of the total amount invested (valued at the time of making such Investment) in the Salt Lake Printing Press Assets.
Sample 1
Permitted Option means any Common Share Equivalent issued under the terms of any stock compensation plan of the Corporation approved by the board of directors of the Corporation (a "STOCK COMPENSATION PLAN") provided that the issue price of any Common Share to be issued pursuant to any Common Share Equivalent issued or agreed to be issued by the Corporation after the date hereof pursuant to any Stock Compensation Plan is not less than the fair market value of such Common Share as determined by the board of directors of the Corporation as at the time of the issue by the Corporation of, of the agreement by the Corporation to issue, such Common Share Equivalent.
Sample 1

Related to Permitted Option

  • Related Option means an Option with respect to which a Stock Appreciation Right has been granted.

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.

  • Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

  • Director Option means an Option granted pursuant to Section 6.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Optioned Stock means the Common Stock subject to an Option.

  • Company Option means an option to purchase shares of Company Common Stock.

  • Parent Option means an option to purchase shares of Parent Common Stock.

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

  • Option means a stock option granted pursuant to the Plan.

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.

  • Incentive Option means an option which satisfies the requirements of Code Section 422.

  • Approved 102 Option means an Option granted pursuant to Section 102(b) of the Ordinance and held in trust by a Trustee for the benefit of the Optionee.

  • Non-Qualified Option means an Option that is not an Incentive Stock Option.

  • Company Stock Option means each option to purchase shares of Company Common Stock outstanding under the Company Stock Plans.

  • Parent Stock Option means any option to purchase Parent Common Stock.

  • Tandem Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is granted in tandem with an Option Right.

  • Rollover Options has the meaning provided in Subsection 3.1(h).

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.