Term Option definition

Term Option means an Investment Option in the Fund with a fixed Term, a Scheduled Withdrawal Date and a fixed rate of return. Unit holders may withdrawduring the term with approval from the Manager and an Early Withdrawal Rate Reduction may apply.
Sample 1
Term Option means a one-time option exercisable by the Borrower in accordance with Section 2.1(e).
Sample 1Sample 2
Term Option means the option of the Borrower to select Option A or Option B. The initial Mortgage Supplement shall designate whether the Borrower has selected Option A or Option B.
Sample 1Sample 2

Examples of Term Option in a sentence

  • This flat fee shall escalate at five percent (5%) per year through the Base Term, Option Term, if exercised, and in Holdover until the Agreement is terminated as called for herein.

  • If you do not provide us with thirty days’ written notice of your intention to exercise option (b) above, or if you fail to return the Equipment to us within ten (10) days of the expiration of the Lease Term or monthly renewal period, this Lease shall thereupon be extended on a month-to-month basis at the same monthly lease payment and upon the same terms and conditions set forth herein, including your End of Lease Term Option set forth in this section.

  • Provided Tenant is not then in default of the Lease, Tenant or its assigns shall have a continuing right to purchase the Property, or the Property and the Expansion Land (the "Purchase Option") for the period not exceeding the twenty fourth (24th) month of the Lease Term ("Option Period").

  • Failure of the GGC to exercise a Renewal Term Option in strict conformity with the foregoing shall be deemed the GGC's knowing waiver of the option to renew the Term and this Agreement shall terminate as of the expiration date of the Initial Term or the then current Renewal Term, as applicable.

  • Promotions: The Customer is eligible for the following promotions as set forth in the Guide: General Installation Waiver Promotion – v5.0 RVP Checkbook – Monthly Option (3-5 Year Term) Option: 620026-02, July 12 Initial Term: 36 months Upon expiration of the Term, the Agreement will be automatically extended on a month-to-month basis unless either party terminates the Agreement upon at least sixty (60) days written notice prior to the end of the Initial Term (“Extended Term”).

  • Tenant shall pay a Security Deposit of one month’s Rent; unless the Sixty Month Lease Term Option D is selected by Tenant, then Tenant shall pay a Security Deposit of two month’s Rent.

  • Subject to this Section 2.2(d), if Buyer desires so to extend the Delivery Term, it shall deliver a written notice (“Extended Delivery Term Option Exercise Notice”) to Seller by not later than three hundred sixty-five (365) calendar days prior to the end of the Delivery Term specifying the Extended Delivery Term, which shall thereafter for all purposes be deemed to be the “Delivery Term”.

  • Promotions: The Customer is eligible for the following promotions as set forth in the Guide: On the Network V Cross Connect Promotion Contract Renewal Promotion RVP Checkbook – Monthly Option (1 Year Term) Option 64248900 July 12 Initial Term: 36 months Upon expiration of the Term, the Agreement will be automatically extended on a month-to-month basis unless either party terminates the Agreement upon at least sixty (60) days written notice prior to the end of the Initial Term (“Extended Term”).

  • Promotion: The Customer is eligible for the following promotion as set forth in the Guide: General Installation Waiver Promotion - v6.0 Regional Checkbook - Monthly Option - v2.0 (3-5 Year Term) Option 69293904 Initial Term: 36 months Upon expiration of the Term, the Agreement will be automatically extended on a month-to-month basis unless either party terminates the Agreement upon at least sixty (60) days written notice prior to the end of the Initial Term (“Extended Term”).

  • The “maximum term” of this Agreement shall be the period extended from May 7, 2016 through May 6, 2019, which period encompasses the Initial Term, Option Year 1, Option Year 2 and Option Year 3.


More Definitions of Term Option

Term Option is defined in Section 7.1.
Sample 1

Related to Term Option

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

  • 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.

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

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

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

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

  • 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.

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

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

  • 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.

  • Option Exercise Period has the meaning set forth in Section 5.3(c).

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

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

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

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

  • Option Grant Date means, as to any Stock Option, the latest of:

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

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.

  • Second Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

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

  • Warrant Exercise Period shall commence (subject to Section 6(d) below), on the later of:

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