Reversion Right definition

Reversion Right means Donor’s right of reversion in the Donated Property and all improvements and fixtures located thereon.
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Reversion Right has the meaning set forth in Section 8.1.
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Reversion Right means Donor’s right of reversion in the Donated Property and all improvements and fixtures located thereon. For the avoidance of doubt, Donor may only exercise the Reversion Right if it simultaneously exercises its right of reversion in the Original Property pursuant to the 2019 Donation Agreement.
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Examples of Reversion Right in a sentence

  • Table 1 displays the results from the first section of the survey, which asked survey respondents to select the health areas that were of greatest concern to them and their community.

  • If the Association fails to remove the Protected Structures timely, the Reversion Right under this Agreement will be deemed waived.

  • Donor shall give prior written notice to Donee of the failure to comply with the Compleion Requirement and Donor’s election of either the Reversion Right or the Repayment Amount payment.

  • MOC may waive this commission to certain products, if in the public interest.The Agencies and Industrial Property Directorate of the Ministry of Commerce handles trademark registration, which usually can be completed within a short time.

  • In the event the transfer of any of the Protected Structures is prohibited by a grant agreement or any federal or state agency, or in the event the transfer of any of the Protected Structures would improve a substantial obligation on the City pursuant to any conditions required by the state or federal agency, the Reversion Right will be deemed waived as to that Protected Structure.

  • Donor shall give prior written notice to Donee of the failure to comply with the Completion Requirement and Donor’s option to exercise the Reversion Right.

  • This Agreement shall terminate automatically upon recordation of a Certificate of Completion or a Certificate of Termination of Reversion Right.

  • Notwithstanding any of the foregoing to the contrary, Donee shall have a cure period from its receipt of Donor’s written notice of noncompliance and its election of the Reversion Right or Repayment Amount payment until June 30, 2025, during which cure period Donee shall have the right to cure its non-compliance with the Completion Requirement.

  • In the event that Donee fails to comply with the Completion Requirement, Donor, in its reasonable discretion, shall have the right of exercising its Reversion Right in the Donated Property and all improvements and fixtures located thereon.

  • In the event that Donee fails to comply with the Financing Requirement, Donor, in its reasonable discretion, shall have the right of exercising its Reversion Right in the Donated Property and all improvements and fixtures located thereon.


More Definitions of Reversion Right

Reversion Right means the Obligor's reversion right as described in Section 5.10 of the Trust Agreement.
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Reversion Right means Donor’s right of reversion in the Property and all improvements and fixtures located thereon for failure to comply with the Completion Requirement (defined below).
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Reversion Right has the meaning ascribed to it in Section 6.7(b).
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Related to Reversion Right

  • Conversion Right has the meaning provided in Section 4.5(a) hereof.

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

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

  • Put Right has the meaning set forth in Section 8.05(a).

  • Conversion Rights means exchange of, or the rights to exchange, the Principal Amount of the Loan, or any part thereof, for fully paid and nonassessable Common Stock on the terms and conditions provided in the Debentures.

  • 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.

  • Repurchase Option has the meaning set forth in Section 1.3(a) hereto.

  • Acceleration Right means the Participant’s right, in certain circumstances, to exercise its outstanding Option as to all or any of the Common Shares in respect of which such Option has not previously been exercised and which the Participant is entitled to exercise, including in respect of Common Shares not otherwise vested at such time;

  • First Refusal Right means the right granted to the Corporation in accordance with Article E.

  • Renewal Option has the meaning set forth in §12.1.

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Purchase Option Period As defined in Section 9.03(a) hereof.

  • Financial Transmission Right Option means a right to receive Transmission Congestion Credits as specified in Operating Agreement, Schedule 1, section 5.2.2(c), and the parallel provisions of Tariff, Attachment K-Appendix, section 5.2.2(c).

  • 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.

  • Repurchase Right means the right granted to the Corporation in accordance with Article D.

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

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

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

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

  • 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.

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

  • Purchase Right means an option to purchase shares of Common Stock granted pursuant to the Plan.

  • 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.

  • Share Appreciation Right means the right pursuant to an Award granted under Section 8 below to receive an amount equal to the excess, if any, of (i) the aggregate Fair Market Value, as of the date such Award or portion thereof is surrendered, of the Shares covered by such Award or such portion thereof, over (ii) the aggregate Exercise Price of such Award or such portion thereof.

  • Exchange Right has the meaning set forth in Section 2.1 hereof.

  • SAR means a stock appreciation right granted under the Plan.