Examples of Permitted Participant in a sentence
If an Option is exercised in part and is still capable of being exercised in respect of any balance, the Company shall, as soon as reasonably practicable after the exercise, issue to the Participant (or Permitted Participant, as the case may be) an Option Certificate in relation to such balance.
Any Subsisting Option held by a Permitted Participant who ceases to be a Permitted Participant shall be deemed to have been assigned to the Eligible Employee to which the Option was first granted, or where not granted to an Eligible Employee, to the Eligible Employee mentioned in the Option Certificate pursuant to Rule 4.4.1.
If a Participant dies, any Subsisting Option of which he or his Permitted Participant holds may be exercised within six months of the death by his legal representative or the Permitted Participant respectively (and each such Option shall lapse at the end of the said period to the extent (if any) that the Option remains unexercised).
An Option may only be assigned in accordance with this Rule 4.6 and Rule 6.3 and any other purported assignment, transfer, charge, disposal or dealing with the rights and interests of the Participant (or Permitted Participant, as the case may be) under this Plan shall cause the Option to lapse.
The Term C Lender and the Permitted Participant shall have entered into a participation agreement in form and substance satisfactory to the parties thereto.
The Borrower will provide the Agent, the Permitted Participant or any Lender with such other information respecting the business, properties, condition, financial or otherwise, or operations of the Borrower or any of its Subsidiaries as any Lender, the Permitted Participant or the Government Guarantor through the Agent may from time to time reasonably request.
The Lender or the Permitted Participant making demand for such compensation shall deliver to the Borrower concurrently with such demand a written statement as to such losses, expenses and liabilities, and this statement shall be conclusive as to the amount of compensation due to that Lender or the Permitted Participant, as the case may be, absent manifest error.
A certificate as to the amount of such increased cost, submitted to the Borrower and the Agent by such Lender or the Permitted Participant, as the case may be, shall be conclusive and binding for all purposes, absent manifest error.
If a Participant ceases to be a Permitted Participant as a result of their termination for cause, then all Restricted Share Units, whether vested or not, as at the Termination Date shall automatically and immediately be forfeited.
FNBO may, at its sole election, participate its respective interest in the Note to a Permitted Participant; PROVIDED, HOWEVER, that the rights of any Permitted Participant shall be enforceable solely by FNBO from whom its participation interest was granted.