Reset Option definition

Reset Option. As defined in Section 3.2. ------------ -----------
Sample 1Sample 2Sample 3
Reset Option. As defined in Section 3.2.
Sample 1Sample 2Sample 3

Examples of Reset Option in a sentence

  • If Lessor fails to notify Tenant of its exercise of the Reset Option, and to pay to Tenant the Reset Fee and any interest due and owing thereon, on or prior to such 30th day, Lessor shall be deemed to have declined to exercise the Reset Option based upon the Reset Proposal Notice and Fair Market Rental and amended Exhibit C determinations relating thereto.

  • Provided that Lessor exercises the Reset Option pursuant to subsection (e) below, the date of delivery of the Reset Proposal Notice is referred to herein as the "Reset Date", provided, however, that, if the Reset Proposal Notice is -------- ------- sent prior to the date which is ninety (90) days after the fifth anniversary of the Effective Date, the "Reset Date" shall be the date which is ninety (90) days after the fifth anniversary of the Effective Date.

  • The following GMIB Reset Option Examples provide an illustration of how the reset option feature will work when the Guaranteed Minimum Income Benefit is less than the Contract Value (Example 1) and when the Guaranteed Minimum Income Benefit is more than the Contract Value (Example 2).

  • Subject to our right to increase the charge only if the Reset Option is exercised, charges for this rider will not exceed the MGWB Charge in effect on the Rider Date but we may at any time charge less at our sole discretion.

  • Procedures upon Company's Exercise of Optional Rate Reset: Company Notice to Trustee Regarding Exercise of Reset Option.

  • If the MGWB Reset Option is exercised, we may, at our sole discretion, increase the MGWB Charge (as defined below) to equal the charge then in effect for new Riders issued.

  • If the MGWB Reset Option is exercised, we may, at our discretion, change the MGWB Charge as provided in Section 12.

  • In order to exercise its Reset Option, Holder shall give notice of such to the Company within ten days of any such Reset Period.

  • The Reset Waiting Period is the minimum period of time required between each election of the MGWB Reset Option.

  • Provided that Lessor exercises the Reset Option pursuant to subsection (e) below, the date of delivery of the Reset Proposal Notice is referred to herein as the “Reset Date”, provided, however, that, if the Reset Proposal Notice is sent prior to July 19, 2006, the “Reset Date” shall be July 19, 2006.

Related to Reset Option

  • Interest Option means LIBOR or the Reference Rate.

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Call Option Date As defined in Section 10.01(a) hereof.

  • Stock Index Option means an exchange traded option entitling the holder, upon timely exercise, to receive an amount of cash determined by reference to the difference between the exercise price and the value of the index on the date of exercise.

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • Call Option Period has the meaning given to it in Condition 6.04 (Call Option);

  • Replacement Option means an Option that is granted when a Participant uses a Common Share held or to be acquired by the Participant to exercise an Option and/or to satisfy tax withholding requirements incident to the exercise of an Option.

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

  • Option Date means, with respect to any Stock Option, the date on which the Stock Option is awarded under the Plan.

  • Put Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and tender of the specified underlying Securities, to sell such Securities to the writer thereof for the exercise price.

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

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

  • Warrant Exercise Period shall commence (subject to Section 6(d) below), on the later of:

  • Conversion Option means the Company’s option to convert some or all of the Series D Preferred Stock into that number of shares of Common Stock that are issuable at the then-applicable conversion rate as described in Section 8(c) of these Articles Supplementary.

  • Aggregate Option Exercise Price means, as of any date of determination, the sum of the exercise prices payable upon exercise in full of all Vested Options held by all Optionholders immediately prior to the Effective Time, based on the Estimated Merger Consideration or the Final Adjusted Merger Consideration, as applicable.

  • 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.

  • Reset Notice has the meaning specified in Section 307(b).

  • Over-Allotment Option means the option of the Underwriters to purchase up to an additional 15 per cent of the firm units (as described in the Articles) issued in the IPO at a price equal to US$10 per unit, less underwriting discounts and commissions.

  • Call Option Repayment Date means the settlement date for the Call Option determined by the Issuer pursuant to Clause 10.2 (Voluntary early redemption – Call Option), Clause 10.3(d) or a date agreed upon between the Bond Trustee and the Issuer in connection with such redemption of Bonds.

  • 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.

  • Warrant Exercise Price means $0.01 per share.

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

  • Initial Warrant Exercise Date means __________, 1997.

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

  • Put Option Event means a Change of Control Event.

  • Tandem SAR means an SAR that is granted in connection with a related Option pursuant to Article 7 herein, the exercise of which shall require forfeiture of the right to purchase a Share under the related Option (and when a Share is purchased under the Option, the Tandem SAR shall similarly be canceled).