Standby Option definition

Standby Option means the commitment for additional coverage in connection with future disbursements of the Guaranteed Loan, specified in Part IV of this Contract.
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Standby Option means the commitment for additional coverage in connection with phased-in portions of the Guaranteed Investment or the reinvestment of retained earnings, specified in Part IV of this Contract.
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Examples of Standby Option in a sentence

  • This Contract is the entire agreement between the Guarantee Holder and MIGA and, when executed, shall include the Special Conditions (Part I) and the General Conditions (Part II), and, if applicable, may include the Amendments (Part III), the Standby Option (Part IV) and the Annexes.

  • The Settling Parties agree that RES-BCT customers with demands greater than 500 kW will be able to take service on the new Schedule TOU-8 Standby, Option A (as distinguished from the Option A of TOU-8 for PLS, Cold-Ironing and Special Solar Allowance customers), in order to avail themselves of the RES-BCT and adhere to SCE’s Standby service requirements.

  • The energy rates for Schedule TOU-8 Standby, Option A, shall be structured to recover Supplemental generation-related capacity costs, in addition to generation-related energy costs, through volumetric Energy Charges on a cents-per-kWh basis.

  • TRD Charges for TOU-8 Standby, Option A Service will apply only to Backup Service and shall be designed consistent with the TRD Charges for the corresponding TOU-8 rate groups, where the value of capacity is set at $102 per kW- year, with the deficiency recovered though TOU on- and mid-peak Energy Charges.

  • Eligibility for Schedule TOU-8 Standby Option A will be limited to customers taking service on Schedule RES-BCT.

  • TRD Charges for TOU-8 Standby, Option LG will apply only to Backup Service and shall be designed consistent with the TRD Charges for Option D for the corresponding TOU-8 rate classes.

  • Eligibility for Schedule TOU-8 Standby Option LG (which is a replacement for the existing TOU- 8-S, Option A adopted in the 2015 GRC Phase 2 decision) will continue to be limited to customers taking service on Schedule RES-BCT (i.e., the generating account only).

  • The energy rates for Schedule TOU-8 Standby, Option LG, shall be structured to recover Supplemental generation-related capacity costs, in addition to generation-related energy costs, through volumetric Energy Charges on a cents-per-kWh basis.

  • STANDBY OPTION FEE FOR FIRST CONTRACT PERIOD: [Amount of Standby Option Fee in Guarantee Currency], payable before the Effective Date.

  • The Mirror Options so granted shall be included in the Amended Standby Option and Warrant Agreement.


More Definitions of Standby Option

Standby Option means the commitment for additional coverage in connection with future disbursements of the Guarantee Loan, specified in Part IV of the Contract.
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Related to Standby Option

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

  • Standby L/C an irrevocable letter of credit under which the Issuing Lender agrees to make payments in Dollars for the account of Borrower, on behalf of Borrower or any Qualified Subsidiary in respect of obligations of Borrower or such Subsidiary incurred pursuant to contracts made or performances undertaken or to be undertaken or like matters relating to contracts to which Borrower or such Qualified Subsidiary is or proposes to become a party in Borrower’s or such Qualified Subsidiary’s business, including, without limiting the foregoing, for insurance purposes or in respect of advance payments or as bid or performance bonds or for any other purpose for which a standby letter of credit might customarily be issued.

  • Standby is displayed, followed by a message stating “Bidding started”. Enter your “Start bid”.

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

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

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

  • Option Exercise Period has the meaning set forth in Section 6.4.

  • Non-Tandem Stock Appreciation Right means the right to receive an amount in cash and/or stock equal to the difference between (x) the Fair Market Value of a share of Common Stock on the date such right is exercised, and (y) the aggregate exercise price of such right, otherwise than on surrender of a Stock Option.

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

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

  • 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.

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

  • 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.

  • Employee Option means an Option granted pursuant to Section 5.

  • Unit Appreciation Right or “UAR” means a contingent right that entitles the holder to receive the excess of the Fair Market Value of a Unit on the exercise date of the UAR over the exercise price of the UAR.

  • Standby Letter of Credit means any Letter of Credit other than a Commercial Letter of Credit.

  • Option Warrants shall have the meaning ascribed to such term in Section 2.2(a).

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Appreciation Right means a right granted pursuant to Section 5 of this Plan, and shall include both Tandem Appreciation Rights and Free-Standing Appreciation Rights.

  • Stock Purchase Right means a right to purchase Common Stock pursuant to Section 11 below.

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

  • Standby Letter of Credit Fee shall have the meaning assigned to such term in Section 3.5(b)(i).

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

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

  • Tandem Stock Appreciation Right means the right to surrender to the Company all (or a portion) of a Stock Option in exchange for an amount in cash and/or stock equal to the difference between (i) the Fair Market Value on the date such Stock Option (or such portion thereof) is surrendered, of the Common Stock covered by such Stock Option (or such portion thereof), and (ii) the aggregate exercise price of such Stock Option (or such portion thereof).

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