Subsequent Option Period definition

Subsequent Option Period has the meaning set forth in Section 3.2(b). “Super Contributing Owner” has the meaning set forth in Section 2.1(b). “Super Contribution” has the meaning set forth in Section 2.1(b).
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Subsequent Option Period shall have the meaning set forth in Section 3(a)(iii).
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Subsequent Option Period shall begin on the first day of the twenty-seventh month from the date this Agreement is executed and shall end on the last day of the thirty-sixth month from the execution date of this Agreement.
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Examples of Subsequent Option Period in a sentence

  • Each Non Transferring Stockholder shall have the right to purchase such number of remaining Offered Securities by giving written notice of such acceptance to the Company and the Transferring Stockholder within the Subsequent Option Period, which notice shall indicate the maximum number of shares of Offered Securities which such Non Transferring Stockholder is willing to purchase in the event fewer than all of the Non Transferring Stockholders elect to purchase their ROFR Allocations.

  • Each Investor shall have the right to accept the Proposed Transaction by giving notice of such acceptance to the Transferring Stockholder within the Subsequent Option Period, which notice shall indicate the maximum number of Offered Shares subject thereto which such Investor is willing to purchase in the event fewer than all of the Investors elect to purchase their ROFR Fractions.

  • The closing for any purchase of shares by the Investors hereunder shall take place within thirty (30) days after the expiration of the Subsequent Option Period.

  • The "Subsequent Option Period" shall begin on the first day of the twenty-seventh month from the date this Agreement is executed and shall end on the last day of the thirty-sixth month from the execution date of this Agreement.

  • During the Subsequent Option Period defined below, Purchasers shall have the option (the "Call Option"), in their discretion, to purchase the Stock held by the Stockholder for the Purchase Price per share.

  • The closing for the purchase of the Offered Shares by the Non-Selling Holders hereunder shall take place within fifteen (15) business days after the expiration of the Subsequent Option Period.

  • At the expiration of the Subsequent Option Period, a certificate representing the shares of Stock, if any, not previously delivered to the Purchasers by the Escrow Agent under the terms of this Agreement shall be delivered by the Escrow Agent to the Stockholder, together with any corresponding stock power.

  • If the Purchaser and the Seller are unable to agree within a period of 14 days following the expiry of the Option Period, or the Subsequent Option Period if there is one, as to the Fair Market Value of the Shares to be purchased, such determination shall be made by the auditors of the Company (the “Auditors”) within a further 30 day period.

  • Notwithstanding the foregoing, the royalty relevant to gold mineral products mined or removed from the S&C Properties (the "Gold Portion") may be reduced depending on the market price of Gold at the time of the payment of the Gold Portion.Sirios is the operator during the Initial Option Period and the Subsequent Option Period and the Initial Expenditures and Subsequent Expenditures shall include an amount representing 10% of same in lieu of the payment of operator’s fees in cash by the Company.

Related to Subsequent Option Period

  • Option Period means the period during which an Option may be exercised.

  • 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.

  • Election Period means the period immediately preceding the beginning of each Plan Year established by the Administrator, such period to be applied on a uniform and nondiscriminatory basis for all Employees and Participants. However, an Employee's initial Election Period shall be determined pursuant to Section 5.1.

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

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

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

  • Matching Period has the meaning specified in Section 5.4(1)(e).

  • Purchase Period means a period of time specified within an Offering, generally beginning on the Offering Date or on the first Trading Day following a Purchase Date, and ending on a Purchase Date. An Offering may consist of one or more Purchase Periods.

  • Repurchase Period means a period of 90 consecutive days commencing on the date when the Optionee’s Service terminates for any reason, including (without limitation) death or disability.

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

  • Waiting Period shall have the meaning set forth in Section 2.2.

  • Tax Limitation Period means the Tax Years for which the Applicant’s Qualified Property is subject to the Tax Limitation Amount and as further identified in Section 2.3.D of this Agreement.

  • Post-Closing Period means any taxable period (or portion thereof) beginning after the Closing Date.

  • Qualifying Period means 12 continuous Calendar Weeks during the whole or part of which the Agency Worker is supplied by one or more Temporary Work Agencies to the relevant Hirer to work temporarily for and under the supervision and direction of the relevant Hirer in the same role, and as further defined in the Schedule to these Terms;

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of (1) two years following such Change in Control or (2) the Executive’s death.

  • Qualified Election Period means the six Plan Year period beginning with the Plan Year in which the Participant first becomes a Qualified Participant.

  • Subsequent Distribution Date means the last Business Day of the month following the end of each calendar quarter after the Effective Date; provided, however, that if the Effective Date is within thirty (30) days of the end of a calendar quarter, then the first Subsequent Distribution Date will be the last Business Day of the month following the end of the first (1st) calendar quarter after the calendar quarter in which the Effective Date falls.

  • Initial Enrollment Period means one of the following periods during which you may first enroll for coverage under this plan:

  • Start-up period means up to a maximum of 7 Academy Financial Years and covers the period up to and including the first Academy Financial Year in which all age groups are present at the Academy (that is, all the pupil cohorts relevant to the age-range of the Academy will have some pupils present).

  • Nomination Period means, in respect of a Nomination, the period from the Nomination Start Time to the Nomination End Time;

  • Strike Period means from and including 19 July 2024 to and including 23 July 2024

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Initial Offering Period means the period commencing with the initial effective date of the Prospectus and terminating no later than the ninetieth (90th) day following such date unless extended for up to an additional 90 days at the sole discretion of the General Partner.

  • Anniversary Year The one-year period beginning on the Closing Date and ending on the first anniversary thereof, and each subsequent one-year period beginning on the day after the end of the preceding Anniversary Year and ending on next succeeding anniversary of the Closing Date.

  • Pre-Distribution Period means any Taxable period (or portion thereof) ending on or before the Distribution Date.

  • Optional Termination Price On any date after the Initial Optional Termination Date, an amount equal to the sum of (A) the aggregate Stated Principal Balance of each Mortgage Loan (other than any Mortgage Loan that has become an REO Property) as of the Distribution Date on which the proceeds of the Optional Termination are distributed to the Certificateholders, plus accrued interest thereon at the applicable Mortgage Rate as of the Due Date preceding the Distribution Date on which the proceeds of the Optional Termination are distributed to Certificateholders and the fair market value of any REO Property, plus accrued interest thereon as of the Distribution Date on which the proceeds of the Optional Termination are distributed to Certificateholders, (B) any unreimbursed out-of-pocket costs and expenses owed to the Master Servicer, the Trustee or the Securities Administrator (including any amounts incurred by the Securities Administrator in connection with conducting the Auction), a Servicer or the Master Servicer and any unpaid or unreimbursed Servicing Fees, Monthly Advances and Servicing Advances, (C) any unreimbursed costs, penalties and/or damages incurred by the Trust Fund in connection with any violation relating to any of the Mortgage Loans of any predatory or abusive lending law and (D) in the event an Auction has been conducted, all reasonable fees and expenses incurred by the Securities Administrator to conduct the Auction.