Secondary Option definition

Secondary Option means the sole and exclusive right and option to acquire an undivided 9% legal and beneficial right, title and interest in and to the Claims, in addition to the interest which may be acquired pursuant and subject to the exercise of the Option,
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Secondary Option has the meaning ascribed thereto in Section 11.1(a).
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Secondary Option is defined in Subsection 3.3.1.
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Examples of Secondary Option in a sentence

  • The sale of the Property pursuant to Key’s exercise of the Secondary Option shall be on substantially the same terms and conditions of the Option held by the Owner-Resident.

  • Upon exercising their Secondary Option, Key and the Owner shall determine a mutually agreeable closing date and a binding agreement shall be created pursuant to which the Owner shall sell to Key or an affiliate of Key, and Key or an affiliate of Key shall acquire the Owner’s beneficial interest in the Property.

  • If Key wishes to exercise the Secondary Option, Key shall deliver an exercise notice in a form determined by Key or an affiliate of Key, within fifteen (15) days of expiry of the Owner- Resident’s Option in accordance with Article 5.


More Definitions of Secondary Option

Secondary Option means an option exercisable by each Partner (other than the Partner who holds the Limited Partner Units that are subject to such option) to purchase all of the Limited Partner Units that were subject to a Primary Option that was not exercised; provided, however, that if Partners exercise their Secondary Options to purchase, in the aggregate, more than all of such Units, each Partner who has exercised his Secondary Option shall have the right to purchase a Proportionate Share of such Units and if any such Partner exercises his Secondary Option to purchase less than a Proportionate share of such Units, the remaining Partners who have exercised their Secondary Options shall have the right to purchase the Limited Partner Units that such Partner elected not to purchase, in proportion to the number of all Units held by each of them or as such Partners otherwise agree. A Secondary Option may be exercised only by giving written notice to the Unit Holder whose Limited Partner Units are subject to such option within ninety (90) days after receipt of the Sale Notice in the case of a sale under Paragraph 6.3 hereof, or receipt of the Transfer Notice in the case of a Transfer under Paragraph 6.4 hereof.
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Secondary Option means any Company Stock Option the exercise price of which equals or exceeds the Option Per Share Consideration.
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Secondary Option means the option to purchase a number of shares of Common Stock equal to the Number of Secondary Option Shares for the price per share equal to the applicable Secondary Option Exercise Price in effect at the time of any exercise of such option, subject in all respects to the terms and conditions of this Agreement, the grant to the Holder of which is made by this Agreement.
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Secondary Option shall have the meaning set forth in the preambles to this Agreement.
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Related to Secondary 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.

  • Nonstatutory Option means a stock option not described in Sections 422(b) or 423(b) of the Code.

  • 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.

  • 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.

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

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

  • Non-Statutory Option means an option not intended to satisfy the requirements of Code Section 422.

  • Net Exercise means a Net Exercise as defined in Section 6.3(b)(iii).

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

  • Option Exercise Price means the price at which a share of Common Stock may be purchased upon the exercise of an Option.

  • 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.

  • Option Price means the price at which a Share may be purchased by a Participant pursuant to an Option.