Date of Option Grant means __________________.
Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.
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.
Type of Option Nonqualified Stock Option Expiration Date: Tenth anniversary of the Grant Date (the “Option Period”)
Number of Options For each Component, as provided in Annex A to this Confirmation.6 Option Entitlement: One Share Per Option Strike Price: USD [_____] Cap Price: USD [_____]; provided that in no event shall the Cap Price be reduced to an amount less than the Strike Price in connection with any adjustment by the Calculation Agent under this Confirmation.
Director Option means an Option granted pursuant to Section 6.
Option Grant Date means, as to any Stock Option, the latest of:
Purchase Option Period As defined in Section 9.03(a) hereof.
Option Period means the period during which an Option may be exercised.
Option Exercise Period has the meaning set forth in Section 6.4.
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.
Original Term shall have the meaning specified in Section 10 hereof.
Option 3 [ ] A Participant satisfies the Plan's Early Retirement Age conditions by attaining age ________ (not less than 55) and completing ________ Years of Vesting Service.
Initial Term has the meaning set forth in Section 7.1.
Employee Option means an Option granted pursuant to Section 5.
Optional Termination The termination of the trust created hereunder in connection with the purchase of the Mortgage Loans pursuant to Section 9.01(a) hereof.
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.
Option Date means, with respect to any Stock Option, the date on which the Stock Option is awarded under the Plan.
Number of Option Shares means shares of Stock, as adjusted from time to time pursuant to Section 9.
Initial Grant means an Option granted to a Non-Employee Director who meets the specified criteria pursuant to Section 6(a).
Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.
Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.
Option means a stock option granted pursuant to the Plan.
Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.
Exercise Period means the period commencing on the Issuance Date and ending on 5:00 p.m. eastern standard time on the five-year anniversary thereof.
Additional Term means that term commencing on the last day of the Basic Term and terminating one (1) year thereafter.