Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.
Extension Option shall have the meaning set forth in Section 2.5(c) hereof.
Renewal Option has the meaning set forth in §12.1.
Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.
Modular building manufacturer means a person or corporation who owns or operates a
Option Period means the period during which an Option may be exercised.
Modular building means, but shall not be limited to, single and multifamily houses, apartment
Modular building retailer means any person who purchases or acquires a modular building from a
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.
Call Option Period has the meaning given to it in Condition 6.04 (Call Option);
Option to Build means the option of the New Service Customer to build certain Customer- Funded Upgrades, as set forth in, and subject to the terms of, the Construction Service Agreement.
Base Term means, with respect to any Leased Property, (a) the period commencing on the related Closing Date and ending on January 12, 2010 or (b) such shorter period as may result from earlier termination of the Lease as provided therein.
Vesting Commencement Date means the Grant Date or such other date selected by the Committee as the date from which an Award begins to vest.
Option Date means, with respect to any Stock Option, the date on which the Stock Option is awarded under the Plan.
Option to Extend has the meaning given that term in Section 2.13.
Term Commencement Date shall be the later of (i) November 1, 2006 or (ii) the date on which Landlord’s Work is Substantially Complete (or the date on which Landlord’s Work would have been Substantially Complete absent Tenant Delay or Force Majeure (as defined below)); provided, however, that if the Term Commencement Date is not the first day of a calendar month, then the first lease year shall be extended through the last day of the calendar month in which the first 12-month period expires, and Rent for the additional period at the end of the first lease year shall be payable at the rate for the 12th month of the Term. “Force Majeure” means accident; breakage; repair; governmental regulation, moratorium or other governmental action. The “Term Expiration Date” shall be the day immediately preceding the seventh (7th) anniversary of the Term Commencement Date, provided that if such preceding day is not the last day of a calendar month, then the Term Expiration Date shall be the last date of the calendar month in which such preceding day occurs. Landlord and Tenant shall each execute and deliver to the other written acknowledgment of the actual Term Commencement Date and the Term Expiration Date when such are established, and shall attach it to this Lease as Exhibit B. Failure to execute and deliver such acknowledgment, however, shall not affect the Term Commencement Date or Landlord’s or Tenant’s liability hereunder. Failure by Tenant to obtain validation by any medical review board or other similar governmental licensing of the Premises required for the Permitted Use by Tenant shall not serve to extend the Term Commencement Date.
Option B has the meaning assigned that term in Section 8.03(e).
Applicable Anniversary of the Commencement Date means the fifth (5th) anniversary of the Commencement Date.