Withdrawal Option definition

Withdrawal Option means the option of a Tax Equity Investor to require the related Managing Member to acquire the interest of such Tax Equity Investor in a Tax Equity Opco.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Withdrawal Option means (a) (i) with respect to Vivint Solar Margaux Master Tenant, LLC, the right of withdrawal set forth in Article 9.06(a) of the Operating Agreement of Vivint Solar Margaux Master Tenant, LLC, dated as of October 3, 2012; (ii) with respect to Vivint Solar Fund III Master Tenant, LLC, the right of withdrawal set forth in Article 9.06(a) of the Operating Agreement of Vivint Solar Fund III Master Tenant, LLC, as amended by the First Amendment, dated as of October 2, 2013; (iii) with respect to Vivint Solar ▇▇▇▇▇▇ Master Tenant, LLC, the right of withdrawal set forth in Article 9.06(a) of the Operating Agreement of Vivint Solar ▇▇▇▇▇▇ Master Tenant, LLC, dated as of April 29, 2014; (iv) with respect to Vivint Solar Fund XI Project Company, LLC, the right of withdrawal set forth in Article 9.8 of the Limited Liability Company Agreement of Vivint Solar Fund XI Project Company, LLC, as amended by the First Amendment, dated as of May 7, 2015, as further amended by the Second Amendment, dated as of April 8, 2016, as further amended by the Third Amendment, dated as of May 13, 2016, as further amended by the Fourth Amendment, dated as of October 26, 2016 and as further amended by the Fifth Amendment, dated as of March 14, 2017 and effective as of December 31, 2016; (v) with respect to Vivint Solar Fund XIII Project Company, LLC, the right of withdrawal set forth in Article 9.8 of the Limited Liability Company Agreement of Vivint Solar Fund XIII Project Company, LLC, as amended by the First Amendment, dated as of March 31, 2015, as further amended by the 737240988 Second Amendment, dated as of June 24, 2015, as further amended by the Third Amendment, dated as of July 25, 2016 and as further amended by the Fourth Amendment, dated as of April 17, 2017; (vi) with respect to Vivint Solar Fund 22 Project Company, LLC, the right of withdrawal set forth in Article 9.8 of the Amended and Restated Limited Liability Company Agreement of Vivint Solar Fund 22 Project Company, LLC, as amended by the First Amendment, dated as of August 3, 2017 and as further amended by the Second Amendment, dated as of December 21, 2017; (vii) with respect to Vivint Solar Fund 23 Project Company, LLC, the right of withdrawal set forth in Article 9.7 of the Amended and Restated Limited Liability Company Agreement of Vivint Solar Fund 23 Project, LLC, as amended by the First Amendment, dated as of May 28, 2019; and (viii) with respect to Vivint Solar Fund 27 Project Company, LLC, the right of withd...

Withdrawal Option means the option of a Tax Equity Investor to require the related Managing Member to acquire the interest of such Tax Equity Investor in a Tax Equity Opco. “Withholding Agent” means the Administrative Agent or the Borrower. “Write-Down and Conversion Powers” means, (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers.

Examples of Withdrawal Option in a sentence

The Request of the Owner is required to elect, or change the election of, the Periodic Withdrawal Option.
The Withdrawal Option is not available after the Annuity Commencement Date.
We reserve the right to change the terms of the Systematic Withdrawal Option for future elections and discontinue the availability of this option.
A member who elects to participate in the DROP may elect the Annuity Withdrawal Option provided by the Plan at the time of electing DROP participation.
However, a notice of withdrawal is not necessary in the case of the Automatic Withdrawal Option described below.
Amounts applied to guaranteed terms of the AG Account may not be transferred to the Funds or to another guaranteed term during the deposit period or for 90 days after the close of the deposit period except for (1) matured term value(s) during the calendar month following the guaranteed term's maturity date; (2) amounts applied to an annuity option; (3) transfers from the one-year guaranteed term under the Dollar Cost Averaging program; and (4) amounts distributed under the Systematic Withdrawal Option.
Systematic distribution options currently available under the Contract include the following: • Systematic Withdrawal Option (“SWO”) - SWO is a series of partial withdrawals from your account based on a payment method you select.
Upon termination of employment, DROP Interest shall be credited at the same rate and in the same manner as interest is credited to Premium Members under the Premium Member Annuity Withdrawal Option in the Defined Contribution Plan.
This includes the Systematic Withdrawal Option (SWO) and Estate Conservation Option (ECO) as described in the product information booklet.
All benefit provisions and options under the Premium Member Annuity Withdrawal Option in the Defined Contribution Plan which are available to Premium Members shall only be available to the DROP Participant at such time as he or she terminates employment with the City.

More Definitions of Withdrawal Option

Withdrawal Option means, with respect to the [***] Tenant Project Company LLCA, the right of the Tax Equity Investor Member to resign and voluntarily withdraw from [***] Tenant Project Company during the nine months following the expiration of the [***] Purchase Option Period.