Waiver of Option Sample Clauses

Waiver of Option. Tenant waives it option to extend (as provided in Section 3(b) of the Lease) the Term of the Lease with regard to the second, third, and fourth floors of the Building, said fourth floor consisting of approximately 31,441 rentable square feet, and also with regard to the Northwest Quadrant of the first floor more particularly described on Exhibit “E” hereto.
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Waiver of Option. Tenant hereby notifies Landlord of the waiver of its Option to Lease space on the Premises as herein stated, and Landlord acknowledges receipt of such notice. By: Name: Title: Date: PT Attachment Solutions, LLC By: Name: Xxxxx Xxxxxxx Title: Vice President & General Manager Date:
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Waiver of Option. Landlord hereby waives Landlord’s option to purchase the Option Property (defined in 9.2(b) of the Millennium Lease) pursuant to the provisions Section 9.2(g) of the Millennium Lease, and from and after the Effective Date the option shall be of no further force or effect.
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Waiver of Option. The Executive acknowledges and agrees that he has not been granted, and will not be granted, the Option described in Section 5(a). The Executive hereby waives all rights to receive any interest in the Option and fully and forever releases the Company and each of its officers, directors, employees, stockholders, affiliates and assigns from any claim, duty, obligation or cause of action arising out of or relating to the Option.
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Waiver of Option. An original instrument, in a form satisfactory to the Lender, executed by Ithaca Investments, Ltd., a Texas limited liability partnership (the "Developer"), in recordable form, shall have been delivered to the Lender waiving the Developer's option to repurchase the Land created in that certain Declaration of Covenants, Conditions and Restrictions dated October 5, 1993, recorded in the Real Property Records of Harrxx Xxxnty, Texas under File Number P500092.
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Waiver of Option. Nationwide shall cause NCI to provide written notice to Wausau, with a copy to Purchaser, of NCI's waiver of its right to exercise either its Asset Option or Stock Option with respect to SDLC as provided for in that certain Option Agreement dated September 30, 1996, by and between NCI and Wausau.
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Waiver of Option. The option to purchase Units described in Sections 9.4 and 9.6 may be waived with respect to a particular Transfer by filing, on behalf of the Company and any Member, with the Secretary of the Company a written consent describing the Transfer as approved by the Managers and Members.
Sample 1
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Waiver of Option. On the day of , 20 , Licensee hereby notifies OUC of the wavier of its Option to license space on the Property as herein stated, and OUC acknowledges receipt of such notice. XXXX, a XXXX limited liability company ORLANDO UTILITIES COMMISSION By: By: Name: Name: Title: Title: Date: Date: EXHIBIT A-1 LEGAL DESCRIPTION EXHIBIT B RENT Initial Annual Rent = $xxx Rent shall commence upon the date of the delivery to OUC of the executed counterparts of a Site License as set forth in paragraph 3 (“Commencement Date”) and will be paid and prorated through December 31st. Rent shall be paid annually in advance beginning on the Commencement Date and annually on January 1st of each successive year. The INITIAL ANNUAL RENT shall increase by five percent (5%) on January 1st of each year during the term of applicable Site License. Notwithstanding anything contained herein to the contrary, Licensee shall have thirty (30) calendar days following the Commencement Date to pay the initial Rent payment. Any rent payment thirty (30) days past the due date shall be subject to a late fee of 15% on the outstanding balance.
Sample 1
Waiver of Option. Any person having an option to purchase under the terms of this Agreement may waive the right to exercise the option. The waiver is effective on the date it is signed, and the selling Member may then give written notice of the option to the next optionee in the order set forth in this Article.
Sample 1

Related to Waiver of Option

  • Xxxxx of Option The Plan Administrator of the Company hereby grants to the Optionee named in the Notice of Grant attached as Part I of this Agreement (the "Optionee") an option (the "Option") to purchase the number of Shares, as set forth in the Notice of Grant, at the exercise price per share set forth in the Notice of Grant (the "Exercise Price"), subject to the terms and conditions of the Plan, which is incorporated herein by reference. Subject to Section 15(c) of the Plan, in the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Option Agreement, the terms and conditions of the Plan shall prevail. If designated in the Notice of Grant as an Incentive Stock Option ("ISO"), this Option is intended to qualify as an Incentive Stock Option under Section 422 of the Code. However, if this Option is intended to be an Incentive Stock Option, to the extent that it exceeds the $100,000 rule of Code Section 422(d) it shall be treated as a Nonstatutory Stock Option ("NSO").

  • Terms of Option The Option granted hereunder shall be exercisable from time to time by the Optionee by the giving of written notice of exercise to the Company in advance of an exercise date hereinafter set forth, specifying the number of shares to be purchased, and by payment of the purchase price therefore by either (i) cash or certified or cashier's bank check to the order of the Company, or (ii) shares of stock of the Company having a fair market value equal to the purchase price on the exercise date, subject, however, to the following restrictions:

  • Character of Option This Option is not to be treated as an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended.

  • Duration of Option The Option shall be exercisable to the extent and in the manner provided herein for a period of ten (10) years from the Grant Date (the "Exercise Term"); provided, however, that the Option may be earlier terminated as provided in Section 6 hereof.

  • Expiration of Option The Option may not be exercised to any extent by anyone after the first to occur of the following events:

  • Amendment of Option This Agreement and the terms of the Option may be amended by the Board or the Committee at any time (i) if the Board or the Committee determines, in its sole discretion, that amendment is necessary or advisable due to any addition to or change in the Code or in the regulations issued thereunder, or any federal or state securities law or other law or regulation, which change occurs after the Date of Grant and by its terms applies to the Option; or (ii) other than in the circumstances described in clause (i), with the consent of WGNB and the Grantee.

  • Termination of Option (a) Any unexercised portion of the Option shall automatically and without notice terminate and become null and void at the time of the earliest to occur of:

  • Transfer of Option Other than as expressly permitted by the provisions of Section 7.1(f) of the Plan, the Option may not be transferred except by will or the laws of descent and distribution and, during the lifetime of the Optionee, may be exercised only by the Optionee.

  • Exercisability of Option Unless otherwise provided in this Agreement or the Plan, this Option shall entitle the Participant to purchase, in whole at any time or in part from time to time, to the extent the Option is vested in accordance with the vesting schedule herein, the Shares subject to this Option, and each such right of purchase shall be cumulative and shall continue, unless sooner exercised or terminated as herein provided, during the remaining Option Period.

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