Option Interests definition

Option Interests means that certain property or interest in entities which own certain real property.

Option Interests has the meaning set forth in Section 3.8(a).

Option Interests means those certain properties or interests in entities which own certain real property.

Examples of Option Interests in a sentence

• The Option hereunder shall remain valid and continue to apply to the Holder even if any Osprey Party: (a) voluntarily or involuntarily files for bankruptcy or similar proceedings in any court of competent jurisdiction or otherwise enters into any such proceeding, or (b) has the Option Interests transferred by operation of law or otherwise involuntarily.

• As of the date hereof, the Fund is the legal, beneficial and record owner of the Option Interests.

• Except as provided in this Agreement, the Fund shall not, without the express written consent of the Optionee, during the Option Period, (i) sell or otherwise dispose of any or all of the Option Interests, or (ii) convert such Option Interests into cash, capital stock or other securities.

• The Optionee acknowledges that the Option Interests are being acquired for the Optionee's own account for investment purposes only and not with a view to, or for sale in connection with, any public distribution thereof and will not sell, or offer to sell or otherwise dispose of, any interest in the Option Interests acquired by the Optionee in violation of the Act.

• Except as otherwise provided herein, the covenants and agreements contained herein with respect to the Option Interests shall terminate upon the expiration of the Option Period.

More Definitions of Option Interests

Option Interests shall have the meaning set forth in Section 7.5.

Option Interests has the meaning set forth in Section 9.4 hereof. "Prior Members" means all of the Members other than Investor.

Option Interests shall have the meaning specified in Recital B.

Option Interests has the meaning assigned to the term in Section 2.2 of this Agreement.

Option Interests has the meaning set forth in Section 2.1.

Option Interests means Interests issued upon the exercise of an Option hereunder.

Option Interests as used in this Section 5.4(b) shall include any improvements made to, or equipment or other property acquired by, such Acquiring Party in connection with any operations conducted upon the Leases included in the Option Interests after the date the original Option Interests are acquired by such Acquiring Party. (viii)Unless and until the AMI Purchase Date occurs, only the Acquiring Party (and not the Non-Acquiring Parties) shall be entitled to the benefits and burdens of the Option Interests. 30 ARTICLE VI TAXES 6.